Comments on: Can Najib’s RM60b economic stimulus do the trick? http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/ Let justice flow like a mighty river Sun, 12 Feb 2012 15:45:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Global Voices Online » Malaysia unveils its second stimulus plan http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-20315 Global Voices Online » Malaysia unveils its second stimulus plan Sun, 22 Mar 2009 07:43:43 +0000 http://anilnetto.com/?p=9591#comment-20315 [...] it failed to inspire the stock market. Anil Netto notes that the stimulus plan is viewed as “belated official recognition that the country is being hard hit by the global economic and financial turbulence, with worse to [...] [...] it failed to inspire the stock market. Anil Netto notes that the stimulus plan is viewed as “belated official recognition that the country is being hard hit by the global economic and financial turbulence, with worse to [...]

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]]> By: qunimade http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-20006 qunimade Thu, 19 Mar 2009 01:09:16 +0000 http://anilnetto.com/?p=9591#comment-20006 The whole thing is not transparent, the deficit is getting higher, the domestic debt is soaring sky high. This is dangerous.The savings will dry up if exports do not recover and the prices of commdity do not stabilise within the next one year.. The country 's finance management is far below the expectations of the people. The rich getting richer, the ordinary and the poors are burdened by the monopolies of privatisation. Will the next generations be burdened with huge debts from 50 years of Bee-End rule and this gigantic stimulus package? Will the next generation sees a scenario whereby 1 Renminbi = 2 RM, instead of now? Anyway, the question shall be:" Who is responsible for this mis-management?" The next generation will ask. The whole thing is not transparent, the deficit is getting higher, the domestic debt is soaring sky high.

This is dangerous.The savings will dry up if exports do not recover and the prices of commdity do not stabilise within the next one year..

The country ‘s finance management is far below the expectations of the people. The rich getting richer, the ordinary and the poors are burdened by the monopolies of privatisation.

Will the next generations be burdened with huge debts from 50 years of Bee-End rule and this gigantic stimulus package?

Will the next generation sees a scenario whereby 1 Renminbi = 2 RM, instead of now?

Anyway, the question shall be:” Who is responsible for this mis-management?” The next generation will ask.

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]]> By: anna brella http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19996 anna brella Wed, 18 Mar 2009 19:22:39 +0000 http://anilnetto.com/?p=9591#comment-19996 "Najib has also indicated a larger future role for the services sector in the country's growth mix, which he aims to increase to 70% of GDP from 46%. Without a concrete plan to manage the transition, he will have his work cut out for him." The Finance Minister's view is, in my view, the wrong strategy to follow. Services up to 50%-55% of GDP-mix at most, but no more than that. "Imagine Power To The People" John Lennon. “Najib has also indicated a larger future role for the services sector in the country’s growth mix, which he aims to increase to 70% of GDP from 46%. Without a concrete plan to manage the transition, he will have his work cut out for him.”

The Finance Minister’s view is, in my view, the wrong strategy to follow. Services up to 50%-55% of GDP-mix at most, but no more than that.

“Imagine Power To The People” John Lennon.

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]]> By: wandererAUS http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19941 wandererAUS Wed, 18 Mar 2009 07:01:14 +0000 http://anilnetto.com/?p=9591#comment-19941 This Dinosaur Stimulus Package have plenty of tricks...lacking in substance and vision. In this difficult time, is'nt it the responsibility of the govt to protect jobs and easing the hardship of the taxpayers by giving them tax refund? I do see this as a priority...only burdening future generations with high debts. This Dinosaur Stimulus Package have plenty of tricks…lacking in substance and vision. In this difficult time, is’nt it the responsibility of the govt to protect jobs and easing the hardship of the taxpayers by giving them tax refund? I do see this as a priority…only burdening future generations with high debts.

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]]> By: KM http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19939 KM Wed, 18 Mar 2009 06:42:04 +0000 http://anilnetto.com/?p=9591#comment-19939 Majority of Malaysian are dumb to vote in BN again and again for decades, what can we do? They scared that racial riots (uncertainty) will happen if existing government collapes. Fear of change is one of the main factor most of the older generation in Malaysia would find it difficult to swallow, younger generation with access to information via finger tips (IT) would have a different opinion altogether, come 13th GE, I would strongly believe Perak & Terengganu (back to opposition), with Perlis, Mallacca & Sarawak fall to opposition. God Bless Malaysia. Majority of Malaysian are dumb to vote in BN again and again for decades, what can we do? They scared that racial riots (uncertainty) will happen if existing government collapes. Fear of change is one of the main factor most of the older generation in Malaysia would find it difficult to swallow, younger generation with access to information via finger tips (IT) would have a different opinion altogether, come 13th GE, I would strongly believe Perak & Terengganu (back to opposition), with Perlis, Mallacca & Sarawak fall to opposition. God Bless Malaysia.

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]]> By: Vijay Kumar Murugavell http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19938 Vijay Kumar Murugavell Wed, 18 Mar 2009 06:26:08 +0000 http://anilnetto.com/?p=9591#comment-19938 I think not. Topic: Why I am disgusted by the RM60bil stimulus package http://www.facebook.com/profil...topic=7965 Even those who disagree with my rationale do not seem supportive on Najibs's stimulus http://bongkersz.com/2009/03/1...uragavell/ I think not.
Topic: Why I am disgusted by the RM60bil stimulus package http://www.facebook.com/profil…topic=7965

Even those who disagree with my rationale do not seem supportive on Najibs’s stimulus http://bongkersz.com/2009/03/1…uragavell/

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]]> By: caravanserai http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19937 caravanserai Wed, 18 Mar 2009 06:25:25 +0000 http://anilnetto.com/?p=9591#comment-19937 60 paces Count on it Do you get the deal? Somebody beats you You lay wasted Shading tears of unfairness The gold in each hole Dying to get a piece of it Lining up under the hot sun The hot waving heat hit home Do you have a link? To the bigwigs in the circle? 60 paces they tell you You wait whole day No result to show Holding alms The poor eyes run On the streets The traffic lights blink Is it green or it is red? 60 paces so near yet so difficult to know The marketing targets Out of reach for it to grow 60 paces Surely the people come first What we know about Albino It is his own kind benefiting We have to wait The light green or red? 60 paces
Count on it
Do you get the deal?
Somebody beats you
You lay wasted
Shading tears of unfairness

The gold in each hole
Dying to get a piece of it
Lining up under the hot sun
The hot waving heat hit home

Do you have a link?
To the bigwigs in the circle?
60 paces they tell you
You wait whole day
No result to show

Holding alms
The poor eyes run
On the streets
The traffic lights blink
Is it green or it is red?

60 paces
so near yet so difficult to know
The marketing targets
Out of reach for it to grow

60 paces
Surely the people come first
What we know about Albino
It is his own kind benefiting
We have to wait
The light green or red?

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]]> By: timmy http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19935 timmy Wed, 18 Mar 2009 06:04:26 +0000 http://anilnetto.com/?p=9591#comment-19935 It is already a trick. Where's the RM60b? Oops by the way, it is a 2nd trick...the first one was Where was the first RM7b? Oh.. I feel so stupid..... It is already a trick.
Where’s the RM60b?

Oops by the way, it is a 2nd trick…the first one was
Where was the first RM7b?

Oh.. I feel so stupid…..

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]]> By: Ganesh http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19934 Ganesh Wed, 18 Mar 2009 05:45:32 +0000 http://anilnetto.com/?p=9591#comment-19934 The stimulus package is good but how much of it will be quietly siphoned off? Or channeled to benefit cronies? Is there a mechanism to check whether all of it is utilised properly? Who and which sector deserves the benefit is the most important factor. No point giving out aid when some crony companies might get the aid. The stimulus package is like scholarships. When I was studying in UK before, some who had scholarships to study were anak Datuks and Tan Sris. Some were so rich that they had houses costing millions, and a fleet of BMW and Mercedes cars and yet they went to the UK on scholarship. Ask any student who studied overseas and they can relate a similiar story to you. Some were not clever either as they got 3rd class or even failed, so how they got the scholarships in the first place were a big mystery. One guy I knew, was on government scholarship, but brought back even 3 Mercedes cars. So, hopefully, in this situation, only the deserving sectors and companies would get such aid to stimulate the economy. The stimulus package is good but how much of it will be quietly siphoned off?

Or channeled to benefit cronies?

Is there a mechanism to check whether all of it is utilised properly?

Who and which sector deserves the benefit is the most important factor. No point giving out aid when some crony companies might get the aid.

The stimulus package is like scholarships.

When I was studying in UK before, some who had scholarships to study were anak Datuks and Tan Sris. Some were so rich that they had houses costing millions, and a fleet of BMW and Mercedes cars and yet they went to the UK on scholarship.

Ask any student who studied overseas and they can relate a similiar story to you.

Some were not clever either as they got 3rd class or even failed, so how they got the scholarships in the first place were a big mystery.

One guy I knew, was on government scholarship, but brought back even 3 Mercedes cars.

So, hopefully, in this situation, only the deserving sectors and companies would get such aid to stimulate the economy.

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]]> By: Ong Eu Soon http://anilnetto.com/governance/accountability/can-najibs-rm60b-economic-stimulus-do-the-trick/comment-page-1/#comment-19933 Ong Eu Soon Wed, 18 Mar 2009 05:32:03 +0000 http://anilnetto.com/?p=9591#comment-19933 The very first thing the government need to do is make sure that our ringgit will not devalue too fast. The recession is actually a period of monetary reconciliation, where slave nations will face the onslaught of currency devaluation while the consuming nations or the masters will make sure that they have the purchasing power to continue their luxury lifestyles. We need to have strong foreign reserves to protect us from the onslaught. But our leaders are too clever, they want to spend our monies wantonly, without knowing there is an impending onslaught of currency devaluation. They are all fools who believe in stupid and no sense stimulus spending. The very first thing the government need to do is make sure that our ringgit will not devalue too fast. The recession is actually a period of monetary reconciliation, where slave nations will face the onslaught of currency devaluation while the consuming nations or the masters will make sure that they have the purchasing power to continue their luxury lifestyles. We need to have strong foreign reserves to protect us from the onslaught. But our leaders are too clever, they want to spend our monies wantonly, without knowing there is an impending onslaught of currency devaluation. They are all fools who believe in stupid and no sense stimulus spending.

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