Thursday, March 12, 2009

Guan Eng, what RM 6000?

Tony Pua and Lim Guan Eng (DAP) slammed the Government for not putting money into the pockets of the rakyat.

Lim Guan Eng proposed initially a plan of RM 6,000 annual oil bonus to all families earning less than RM 6,000 a month or RM 3,000 annual bonus to bachelors earning less than RM 3,000 a month.

This exercise will cost the Government RM 35 billion if considered and executed.

I don't know if the RM 6000 mentioned by Lim Guan Eng HERE is the same RM 6000 which he said HERE.

An annual oil bonus of RM 6000 does not mean putting RM 6000 cash in the pockets of the people. It is an annual oil bonus and thus it must be a form of direct aid for fuel consumption of RM 6000. Correct me if I am wrong.

Is that all Tony Pua and Lim Guan Eng can argue about from Najib's stimulus package?

Actually, retraining programs, business cost cuts and subsidies, infrastructure projects, scholarships, business and study grants and telecommunications improvement are also similar forms of aid to the people.

Engineers, electricians, plumbers, hardware traders, electronics sectors, telecom experts, management trainers, and businesses will have income and thus money to spend due to the projects.

From there, these people will spend on food, clothing and other necessities.
Fishmongers, hawkers and textile traders will then have enough money to pay bills, wages and consume goods and services in the economy.

The cycle goes on and on from there. Money circulation can be done through this way also.

Although Najib did not take DAP's proposal of that RM 6000 annual oil bonus plan, the stimulus package did something even better. The stimulus package will provide tax relief on interest paid on housing loans of up to RM 10,000 a year for three years.

This could free up the loan repayments of home owners and inject cash into the economy through consumption spending and savings.

By the way, CM Lim Guan Eng should compare the budget of Malaysia and Singapore in detail.

It seems to me Malaysia's stimulus package has similarities to Singapore's.

We have aid and grants to students, investment in infrastructure and transportation, business cost rebates, subsidies or tax cuts, retraining program, public sector hiring and many more.

Surprisingly, I don't know why Lim Guan Eng tells us to emulate Singapore when our stimulus package seems to be quite close to Singapore PM H.L. Lee's plans.

International Herald Tribune carried the story of Singapore's $ 13.6 billion package. Excerpts of the article are as follow:

Singapore's government unveiled a multibillion dollar plan to boost spending and cut taxes in a bid to ease the worst recession in the city-state's history.

The government will lower corporate taxes, subsidize wages, guarantee bank loans and spend more on infrastructure as part of the $20.5 billion Singapore dollars ($13.6 billion) stimulus package, Finance Minister Tharman Shanmugaratnam said Thursday in a televised speech.

The plan includes a 20 percent personal income tax rebate of up to $2,000 per worker and a range of other tax reductions.

The government will spend SG$5.1 billion to help companies avoid layoffs, highlighted by a cut of the maximum corporate tax rate to 17 percent from 18 percent.

It also plans to subsidize 12 percent of the first SG$2,500 of each employee's monthly wages, boost training programs, hike cash handouts to low-income workers by 50 percent, and increase public sector hiring.

The government will also assume 80 percent of the risk on private bank loans of up to SG$5 million to help spark lending and investment.

The city-state will also boost aid to welfare recipients, government pensioners and students, and invest SG$4.4 billion in infrastructure projects such as the subway system, roads, public housing, parks and military facilities.


Anonymous said...

I am reminded of a proverb: Give a man a fish, it will last one day; give him a fishing pole, it will last him a lifetime.

This Chinaman is smart, as he knows giving Melayu money will end straight in Chinese coffers. Melayu tau belanja aje.

MRSM Kalae Chepo 66/73

Anonymous said...

Remember the favourite old saying: Give a fish to fisherman, and he will for a day; give a fishing tools to him, and he will forever.
Giving direct money to people, no matter how much, will give the same result.
So which one is better? Train them, so they can get better, or just give them cash, and they will sit and goyang kaki. This is what happen when people easily forget what they have said.

anti-hypocrite said...

Both Tony Pua and Lim Guan Eng still have not change their mindset from being an Opposition to Governing!

Opposition will only know to critize any negatives. They only know how to complain any shortcomings WITHOUT counting any blessings they received.

Such an approach will not grant them far.

I remember Tony Pua exciting preachig for "politics of cooperation" in a forum at The Star moderated by Wong Chun Wai not long after the March 8 election. One year plus, now you see Tony Pua true color.

Try to post some criticism comment in his blog which is true but not favorable to Pakatan, he will delete it!

So what kind of accountability, integrity and responsibiity is he preaching! All same marketing gimmick. Once given power, people will change, DAP is not any different.

They critise BN, but look at themselve, no different!

As the saying, Power Corrupts Absolutely!!!

will definitely teach them a lession come next election, will "vote against Phakatan Riot" !

hishamh said...

I am a-b-s-o-l-u-t-e-l-y opposed to using Petronas money for consumption purposes, no matter what the circumstances. Investment yes, consumption no. What a stupid, reckless idea.

jita said...

This Lim Guan Eng..Err, for an ex-accountant, he's not so bright is he?

LGE no saint either said...

Lim Guan Eng has lost my respect completely when he start to lie recently!!! This is the consequence when one comes into power. As the saying goes ".. once tasted blood.. its addictive..."

That is why Lim Guan Eng deserved to be screwed by his own Karpal Singh!!

see how angry is Karpal against LGE and LKS:-

Look at the 2 events below of A) on 28 Jan 2009 and B) 10 Feb 2009 how snaky is this Lim Guan Eng. If he merely control a State, he already sold his soul and principle by lies, what will be his true color of him. Can he not be worse than any UMNO ultras that LGE use to condemn? I guess no diferent. LGE has already shed us some light not to prejugde him. When a person has no bone, becareful. He can preach all he wants, his real intention could be fatal!

A) 28 Jan 2008

Wednesday January 28, 2009
Guan Eng lauds Bota rep’s move to PKR

GEORGE TOWN: Penang Chief Minister Lim Guan Eng lauded Bota assemblyman Datuk Nasarudin Hashim’s defection to PKR, saying the move would strengthen the Pakatan Rakyat government in Perak.

“The situation in Perak is not like Penang where the Pakatan has a big majority.

“With one more assemblyman (for the Pakatan government), we hope their situation will be strengthened and give them a boost to continue striving and working for the people,” Lim said after hosting a state Chinese New Year open house at his residence on Jalan Macalister on Monday.

B) 10 February 2009

Guan Eng: DAP against party-hopping
10 Feb 09 : 6.16PM
PENANG, 10 Feb 2009: The DAP today made its stand clear that it was against party-hopping by elected representatives.

DAP secretary-general Lim Guan Eng said the party had never ceased asking for an 'anti-hopping' law — even when Pakatan Rakyat de facto leader Datuk Seri Anwar Ibrahim announced the supposed crossover of Barisan Nasional (BN) Members of Parliament (MPs) on 16 Sept 2008.

"This is the DAP policy ... I have tried to be like a brother's keeper but sometimes, we cannot be the keeper all the time.

— Bernama

Please don't disgrace us the professional accountant. But the strange thing is the Rakyat not able to see this unfortunately. Looks like Anwar really effective to convert them into cult culture. Sad isn't it.

Anonymous said...

The people will speak at Bukit Gantang..get ready idiots....PKR will take over the state government soon