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Drugb posted:

Rass bai, like things slow, you digging up reports from 5 months ago

Why not.  You all spend all day screaming about lazy black people wasting money.  The report is mainly positive and in fact CONTRADICTs the notion that money is being wasted more than it was before, and that national debt has increased.

FM

I don't believe that either T or django took the time to read the article. Else both would temper their praise of the PNC.  In short, the lower oil prices and increased revenue from the profits from petrol(as govt did not lower local fuel prices accordingly) is holding up the economy, together with their failure to lower vat and increased gold production. In short, the do nothing approach of the PNC accounted for the stability in the economy.  A closer inspection of the article will show that if the price of oil rises back to 2014 levels, Grangers ass is grass. 

FM
Billy Ram Balgobin posted:

In short, the do nothing approach of the PNC accounted for the stability in the economy.  

Excellent point by DrugB.   

Jagdeo's ass would have been grass too.  The economy that the PPP left is the economy which presently exists.  The risk factors in the economy remain intact.

The problem is that there is no thinking about how the economy can move beyond where the PPP left it.  Not that there is some rampant destruction of what the PPP left.  The PPP left Guyana's World War II economy intact.  Extreme dependence on commodity prices, which are beyond Guyana's control, and minimal value added processing in Guyana to mitigate its impacts.

FM
Billy Ram Balgobin posted:
caribny posted:
Mr.T posted:

Nehru, is it the bottom of a rum bottle you consult for news on the economy?

No he is having severe psychological problems as he can no longer scream "ahbe pan tap".

"abhe pan tap" is a big lie told on the Indian people of Guyana.  

Short memories I see.  Not that long ago you all were screaming "ahbe pan tap, black man time done".  And were boasting that Guyana would never again have a black president.

FM
caribny posted:
Billy Ram Balgobin posted:

In short, the do nothing approach of the PNC accounted for the stability in the economy.  

Excellent point by DrugB.   

Jagdeo's ass would have been grass too.  The economy that the PPP left is the economy which presently exists.  The risk factors in the economy remain intact.

The problem is that there is no thinking about how the economy can move beyond where the PPP left it.  Not that there is some rampant destruction of what the PPP left.  The PPP left Guyana's World War II economy intact.  Extreme dependence on commodity prices, which are beyond Guyana's control, and minimal value added processing in Guyana to mitigate its impacts.

The economy of Guyana and its citizens' living standard consistently improved during those 23 years of governance under the PPP. There is nothing factual you pointed to even suggest that Guyana's economy would have collapsed if the PPP was still there.  The PPP left office some 15 months ago and already we starting to see layoffs instead of job creation and businesses and citizens paying more in taxes.  How can we fairly say that things continue to get better when these facts are so blatant?

Billy Ram Balgobin
caribny posted:
Billy Ram Balgobin posted:

In short, the do nothing approach of the PNC accounted for the stability in the economy.  

Excellent point by DrugB.   

Jagdeo's ass would have been grass too.  The economy that the PPP left is the economy which presently exists.  The risk factors in the economy remain intact.

The problem is that there is no thinking about how the economy can move beyond where the PPP left it.  Not that there is some rampant destruction of what the PPP left.  The PPP left Guyana's World War II economy intact.  Extreme dependence on commodity prices, which are beyond Guyana's control, and minimal value added processing in Guyana to mitigate its impacts.

You really obsessed with Jagdeo, maybe he stole your birth rights. How he come into the picture? He was not even running for president. 

But I see you continue to give Granger et al a pass on developing the economy and bringing in new investments. Even you neglected to heed Granger`s call to repatriate and invest. 

FM
Billy Ram Balgobin posted:
 

The economy of Guyana and its citizens' living standard consistently improved during those 23 years of governance under the PPP.

Thanks to Hoyte's reforms, recovery of rice under Jagan, and the debt write off of the PNC debt.  Nothing to do with Jagdeo.

Nothing of note happened after 2000 and the economy in fact stagnated (except for retail and real estate which benefitted heavily from remittances) until 2007 when higher gold prices led to a resumption of growth.

Gold prices are beyond the control of Guyana and so Guyana then remains vulnerable to commodity price volatility.

Under the PPP there was also growing income inequality.

The IMF confirms that the APNU/AFC have NOT engaged in the wanton destruction that the PPP screams about.

FM
Drugb posted:
 

You really obsessed with Jagdeo,

No you are when you describe the nirvana that he left when we all, including you, know that this is hardly the case.  I didn't see you rushing back to Guyana under Jagdeo, who you uncritically praise.

I am here to correct the lies that you and the rest of the PPP perpetrate.

FM
caribny posted:
 

The problem is that there is no thinking about how the economy can move beyond where the PPP left it.  .

This is my assessment of APNU/AFC.  Given that I don't have a good impression of where the PPP left the economy this is hardly praise.

If APNU/AFC is basically engaged in good house keeping, by reducing public sector deficits, and the national debt, this isn't the economic transformation which Guyana needs.

We already discussed that Guyana became a nation of imports and shopping malls under the PPP.  Our manufacturing sector is even worse off than it was under the trying times of the 1980s.  Some one listed 30 companies which existed in the 1980s, but were gone by the end of the PPP era.

FM

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