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(BN) Bengang Nasional February 20, 2008

Posted by elizabethwong in Current Affairs, Democracy, Economy, Malaysia, Politics.
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I think this KeADILan GE12 manifesto (Reduce petrol price) is a runway success. Buat BN bengang…

It got a lot of people trying to recall their Form Five Math classes, like the son-in-law of the acting/(ex)-PM who forgot this chap called Anwar Ibrahim.

“I did some calculations on PKR’s promises to give everything for free and do you want to know what would be the outcome? Our country will be as poor as the African nations.” (Malaysiakini, 20 Feb 2008)

That’s alright. Because Selangor will be like Singapore in 5 years time. LOL.

And Shafie Apdal, who is supposedly in charge of stopping prices from rising, once upon a time, in a galaxy far far away, has this to say today:-

Increasing oil subsidy by the government will eventually lead to higher inflation, loss of business and lowering of living standard of living, Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal said today. (Bernama, 20 Feb 2008)

Comments»

1. Cruel ANgel - February 20, 2008

Are you the elizabeth Wong representing Keadilan that will replace Fong po KUAN?
Anwar will jump back to UMNO at every possible chance.
He still got allies inside there.

EW: No, No and Yes, respectively.

2. Allen Tan - February 20, 2008

Who said reducing petrol price would make us poor. You know how rich is Petronas? It earns billions and yet give a handful tax. It is so untransparent, I wonder where about are the rest of the profits? Being divided among the directors?

3. Only A Few Good Looking Men Left - February 21, 2008

Regardless of whether it’s the fuel cost or not, I am gonna vote this BN regime off to the stoneage for some uncouth Jungledykes to be govern by.

4. oA - February 21, 2008

.

Petrol in iran is only 44cents a (gal. and one gal. = 3.78 litres) – the reason due to the fact the country “subsidizing” her people aside from being one of the top oil producing nations.

In this country, even with the richness of petronas the greedy govt. not only refused to help but go to the extent of lying thru their teeth to the good people on the reason of bankrupting the nation

which is a hogwash – everyone should know this by now.

Maybe they think the monies in petronas should be reserved for them only and their descendants!!!

.

5. shag - February 21, 2008

“Increasing oil subsidy by the government will eventually lead to higher inflation, loss of business and lowering of living standard of living,” Shafie.

How is that possible?
Increasing subsidy = lower/control fuel cost will lead to less inflation.

As for “eventually”, as JM Keynes said… “in the long run we are all dead”

6. kaki ayam - February 21, 2008

shag, it’s possible. Although it seems contradictory, it is possible. By increasing the oil subsidy, the government must reduce the subsidy given in other areas to cover for the reduce in avenue. As such, subsidy in cooking oil, sugar, milk and flour will be greatly reduce. Hence causing a rise in inflation, lowering of standard of living and will result in a lost of foreign investment.

Yes, it is possible. 🙂

7. simon - February 23, 2008

Subsidy of ANY kind is BAD for economy.

To encourage subsidy mentality amongst the uneducated people, governments MUST institute a repressive salary level to encourage poverty amongst the masses.

Once there is massive poverty and massive economic suppression the uneducated will lobby for subsidy and opposition politicians will promise subsidies.

The reasons why governments LOVE subsidies even though removal of subsidies will result in maasive economic growth is very simple.

Subsidies ALLWAYS results in the educated political elites being able to take adavntage of the price arbitraging effects and make Billions at the expense of the stupid masses that they govern.

This formula NEVER fails. Once the political elites are used to their jetsetting and party boating lifestyles subsidies cannot be ended. Once subsidies ends, thats the end of their money printing machine.


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