MEDIA STATEMENT BY DR CHEN MAN HIN,
DAP LIFE ADVISER 14TH JUNE 2012
ANWAR CLAIMS THAT Najib is scraping the bottom of
the barrel in his desperation to give money to BN MPs to get support from the
people. Actually the government coffers are already empty. The
money he is now splashing round to the low income groups and to BN MPs who
badgered for money are sourced from PETRONAS and EPF funds
Predictions of the economy are bad. The GDP
growth for first quarter is about 4% which is 2% lower than the expected
6%.
World economy is bad. The Euro zone
countries are mired in debt. The China economy is slowing down. So
Najib’s dreams of achieving a high income economy are dashed.
The World Bank has no praises for Najib’s
economic reforms because he has not made structural reform. The Time
magazine echoes the views of the World Bank.
Naïf now has his back against the wall. His cronies
can’t work up an ideology to boost party morale. The only way for Najib to win
votes is to use government funds to hand out money to the people.
For the first batch of RM 500 to each poor
household, Najib borrowed money from EPF. It cost RM 2.6 billion to
pay out to 5 million families.
The government has no funds and must now borrow to
bribe the votes with another RM 500 for each poor family as promised by him.
He now has to compete with MAS which is also
scouring for several billion to revive the chronically financially broke
airline.
USING MONEY TO BUY SUPPORT FROM THE PEOPLE IS A SAD
REFLECTION OF THE SAD STATE OF AFFAIRS OF THE NAZIB GOVERNMENT. IT MEANS THAT
NAJIB HAS LOST OUT IN THE POLITICAL ARGUMENT TO WIN THE HEARTS AND MINDS OF THE
PEOPLE.
- THE PEOPLE WHICH INCLUDE ALL THE RACES HAVE LOST FAITH IN BN BECAUSE OF ITS CORRUPTION, AND LACK OF GOOD GOVERNANCE. THE PEOPLE ARE ABLE TO DIFFERENTIATE BETWEEN THE POLICIES OF PR AND THE POLICIES OF BN. AND THEY WILL SURELY ELECT PR TO TAKE CHARGE OF THE GOVERNMENT AFTER GE13.
Chen Man Hin
Dap Life Advisor
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