IT'S DEPRESSION NOT RECESSION WE ARE LOOKING AT. WHAT HAVE WE GOT TO SAVE US, ONLY PALM OIL AND THAT TOO IS IN THE DOLDRUMS. OIL IS NO MORE THE SAVING GRACE.
It is not a recession that we are in, we are headed for another depression and that is even worse, and to compound that Malaysia is in more difficulties than it has ever been, with those in power lavishly enriching still themselves.
Now the twenty dollar mark for the price of oil looks a real possibility and this careless government has plundered all the resources instead of saving for the rainy day.
I remember back in the early eighties or late seventies Kit Siang asking the government to be more prudent with its oil reserves, he warned that the then wells would run dry within 15 years, but alas these fellows kept pumping and using the money on wasteful projects they thought the price would keep spiraling with the times.
Now with auto makers stepping up the fuel efficient cars and even electric hybrids the demands are going to fall even further in the next ten years petrol will be no big deal at all.
Mahathir almost single single handedly destroyed our Agricultural base with assembly plant type manufacturing that added no value to our industries, today those cheap labour sweatshops that we used to work in have all gone to cheaper markets and they are never coming back.
Robotics is the order of the day, you can manufacture in the US at even a cheaper rate than you can here even if the cost of labour is US$0.20 per hour that is how it is, we have lost our competitive advantage,
We sacrificed our education system no thanks to the clown in UMNOI who held the position and engineered it, we are not a nation of inventors and innovators we are not even copy-cats we are starring destruction right into our faces.
But then we are Malaysians given the right governance we can strike back, we can fight back and we can win, but to do that we have to cast the present day government into the dustbins of history. We have to do what is necessary as citizens of this country come GE14. If we don't, our children and our children's children will never forgive us.
It is already telling prices are sky rocketing, Najib is forced to re-look his budget, my bet is his departments budget will still be high, he will instead cut on education and health the budget of an idiot from an idiot.