It was reported today that Tun Dr Mahathir Mohamad had stated that Malaysians will not face the full extend of the global recession since the full-blown recession could be eased as Malaysia was linked to the world’s economy only through trade and have not invested much in the world’s economy outside Malaysia.
It is really surprising to know how shallow thinking our former premier is, since every Malaysian knows that if the world economy collapses, who is going to buy our produce, and even if they purchase them how are they going to pay for them.
Another factor of importance is how the government is going to pay for the produce when our government is in total reliance of the private sector and the world market to fulfill this obligation.
Just giving false hope should not be the way of overcoming this situation.
If Malaysians are fore-warned, they will take steps to take precautions and will save for 'bad' times.
This is a global occurrence and the government should not feel ashamed to tell the truth.
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