Sunday, 22 February 2009

Where Is The Stimulus Package?

While the whole world is preparing for the worst economic tsunami to hit their shores, our leaders are looking at the local scenes like the current situation in Perak, the recent case of Eli Wong private photos and the "lembu" case with MB of Selangor. What is all these? You guys are like children playing sand.

The stimulus package was late to deploy to individual ministries which means help will not reach those in need fast enough. They said that most of the money will be used for "training or upgrading skills" to ensure that workers are marketable. But, who is employing now? You must be crazy to take new workers now. The market is totally dead. Manufacturers are scaling down and have started to retrenched locals. We need to know how the stimulus package can help the companies effected by the global meltdown. If the companies are here to stay, so will the workers.

Malaysian Insider PUCHONG, Feb 22 – Opposition Leader Datuk Seri Anwar Ibrahim criticised the deputy prime minister’s management of the economy today, accusing Datuk Seri Najib Razak of being too focused on politics at the expense of governing the country in the face of a global economic crisis.

Najib, as Finance Minister, announced an RM7 billion stimulus package last November, but assumptions made then are no longer valid as the country’s exports have plunged more sharply than anticipated because global market demand for the country’s products has plummeted.

The government is expected to announce a stimulus package worth more than RM30 billion next month, according to a report in Sin Chew Daily today.
Anwar is, however, not impressed and says that the mini-budget is too late.

“While the leaders of other countries have acknowledged that serious measures are needed to fight the economic slowdown, Malaysia has not issued such statements because the finance minister is too busy abducting people,” says Anwar, referring to the three former Pakatan Rakyat (PR) Perak state representatives who were incommunicado for several days until they resurfaced in a press conference to declare that they had defected.

No comments:

Post a Comment