Friday, December 19, 2008

Majority of Voters Didn't Need The Global Economic Crisis to Fall into A Recession

Indeed, Sithanen and Ali Mansoor had already put them there right after the first of a series of bean-counting budgets back in June 2006 when they "let inflation come loose out of its moorings". The damage is substantial: cumulative inflation for the last 42 months will hit 30% by next week while the more vulnerable voters got clobbered with more than 40% cumulative inflation over the same period. And that's before the mess of the flat tax reform and playing Russian roulette with SC/HSC subsidies to quickly name just a few. 

And unsurprisingly, as the above graphic shows, inflation in the country where both Sithanen and Mansoor studied economics has behaved much better. 

1 comment:

Sanjay Jagatsingh said...

Way too many people are still in that personal recession. That's what happens when government policy is crafted in the interests of one-percenters.