Dear Fellow Malaysians in Bukit Selambau (Kedah), Bukit Gantang (Perak), Batang Ai (Sarawak) and elsewhere,
This is in Zimbabwe (below) , fortunately not in Malaysia, at least not yet. But we can suffer the same fate as this young Zimbabwean boy if we are not careful and when we allow reckless spending by the present government as it seeks to stimulate the economy over the next 2 years, running into hundreds of billions of ringgit. Members of the Opposition including Datuk Seri Anwar Ibrahim who, as a former Malaysian Minister of Finance, is the voice of prudence, tried to caution the government about its scatter-gun approach to public spending.
What we need is a government that is competent, accountable and transparent. Inflation follows when we recklessly reflate the economy with public expenditure, which will only benefit cronies, party supporters, and favored companies. The UMNO-BN government is inclined to this when Najib Tun Razak recently presented his rm60 billion package.
It is reported just a few days ago in the mainstream media that the new Prime Minister is likely to spend another rm200 billion in 2010. Where is the money coming from? From our savings, or tax revenues or disposal of key government assets or external borrowings or even from the IMF. IMF? God forbid.
Please vote carefully. Make sure that you vote the party which has the best programmes to resuscitate our sagging economy. Based on its record of economic management since Badawi came to power in 2004, the UMNO-Barisan Nasional will not do the job for us. It does not have a proper economic recovery plan to help our country emerge from the worst economic crisis the world has witnessed. Even the 1929 Great Depression pales in comparision to the one we all will be facing in the coming months. —Din Merican