Thursday, December 17, 2015

Will Bolehland Go Bankrupt?

The picture is not a rosy one by any standard.

In fact, it is dire.

With a nose-diving ringgit, falling oil prices, rising cost of living, consumption hobbled by GST and businesses not doing well, productivity neither here nor there, investors being spooked and pulling out, a burgeoning sovereign debt and the government of the day bogged down with issues concerning 1MDB and the Pm himself caught with 2.6 billion Ringgit in his personal accounts that he still cannot till this day to convince anyone else that everything is above board and his administration lacking any idea how to tackle the dire economic prospects (they themselves being a huge part of the problem?), Bolehland is not exactly what anyone in his right mind would say is doing well.

In fact, a former minister himself had predicted that Bolehland would go bankrupt by 2019. Well, he was prescient by only a few years off - Bolehland is likely to become bankrupt sooner rather than later if nothing drastic is done now to arrest the slimy slide to bankruptcy.

But even removing the Pm might not help. The Pm is just the symptom of the party he heads - dUMNo has become so hobbled with its politics of patronage, rent-seeking, race and religion that anyone else who takes over will be unable to do much to change its face.

With growing extremism and the presence of Isis sympathisers (according to a survey, Bolehland ranked second in the world among the Muslim countries to have the highest number of Isis sympathisers), it will only serve to further scare off investors.

The only hope now for Bolehand to avert bankruptcy is to vote in the opposition.

Unfortunately, the opposition themselves are in some disarray, with PKR still hoping to hold on to the hands of Pas who seem more interested in a second nuptial with dUMNo.

Still. I am confident that if DAP keeps its own and gets down on the ground now, especially in the rural areas with Amanah's help to convince the rural folks that the opposition is their champion and not dUMNo, there might yet be hope for the opposition to take Putrajaya and put things aright.

It will help that PKR stops dreaming of holding on to Pas hands.

The alternative of dUMNo returning to power, whoever leads it in Ge 14, is scary.

In fact, it is not an option you want to contemplate.

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