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Wednesday, October 15, 2014

Bad actor Najib clueless on economy, says MP

'Just say how much you collected and how your government wishes to apply the consolidated fund.'
najib300PETALING JAYA: Raub MP Mohd Ariff Sabri Abdul Aziz has made some biting criticism of the content of Budget 2015 and the way Prime Minister Najib Razak presented it last Friday.
In his latest blog posting, he accused Najib of being “clueless” about the economy and hiding his ignorance with bad acting.
He wrote: “This chap likes nothing better than to read blindly and behaving the part on certain sections he gets excited with. Then arms will flail, voice becomes pitched, all of which are dysfunctional and out of sync.
“As usual, Najib masks the budget–which ought to be a factual presentation of our revenue and the application of the revenue–with the usual histrionics.
“Just say how much you collected and how your government wishes to apply the consolidated fund.”
Ariff said the Prime Minister appeared to be unaware that public debt was more than 55% of the GDP if the “contingent liabilities, which are more than RM150 billion”, were taken into account.
He also pointed out that household debt in Malaysia was among the highest in Asia and attributed this to banks being allowed to “go on a predatory lending binge”.
He alleged that the government had failed in policies to promote the bumiputera economic agenda because the implementation of these policies encouraged rent-seeking.
“Government officers got rich because they are rent seekers,” he said. “They own their positions temporarily but have sufficient time to make hay while the sun shines.
“Because allocations and budgets pass through them, the allocations and budgets are interacted on. They provide opportunities for rent seekers to put their hands in the kitty.
“As long as money passes through intermediaries without stringent scrutiny, these people will whack our money.”

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