COMING SOON TO THIS SITE:
Malaysian leaders are slowly waking up to the reality that the 'bed of roses' they expect of the economy had become a hot prickle of embarrassment for the government.
In my many past postings I have warned that the economic downturn would be worse than what the government had made it out to be and telling the people -- there would be no recession in Malaysia, an absurdity most compelling.
The blurring of the truth was to make the leaders look competent and capable when they were not.
If the situation is not serious why the need for a second stimulus package? Depending on the size of the package it could be another drop in the ocean.
Most developed countries have braced themselves for the sharp contraction in the economy and have warned their citizens to expect tough times ahead.Britain Prime Minister Gordon Brown said he did not foresee the coming of the recession which took his government by surprise.Britons have started tightening their belts.They have started cutting down on their energy consumption resulting in the decline in sales of power generation companies.
Only in the Third World countries where state control over daily life is pervasive and wide-ranging and where leaders are more concerned with shoring up their own finances and wealth, the economy of the country takes a back seat and economic recession is not in their dictionary, because there is no economy to talk about in the first place, most survived on foreign aids.
Malaysia is on the verge of becoming a developed nation and already had in existence the infrastructures of a developed nation, developed over the past few decades by the foresight of our past leaders.
Only continued effort and foresight can propel the nation to join the august club.Are the present crop of leaders cut from the same cloth as past leaders or mired in third world mentality?
Can the present administration preserve what we already have and continue to bring this nation to greater heights?