Skip to main content

A Few Reasons for Young Jamaicans to be Concerned about Jamaica's Governmental Leadership


1. 20 Member Cabinet of the Government contradicting statement by Portia Simpson-Miller in 2011.

In May 2011 - After naming her 18-member shadow Cabinet in May last year, Simpson Miller said if she were in government, the number would not be that high.
"I did not announce an 18-member Cabinet. I'm not the Government," she said when asked if that would be the size of her Cabinet.
She continued: "You would not have 18 ... I would not be giving the country a breakfront," she quipped.
Less than a year later, Simpson Miller has unveiled a Cabinet that is bigger than her slate of shadow spokespersons. Source: http://jamaica-gleaner.com/gleaner/20120108/lead/lead1.html


2. The $1 billion Cabinet.

While most Jamaican's might not have noticed it but the PNP lead administration will cost the Jamaican public close to $1 billion over the course of the five (5) year elected governance term. Considering that Jamaica is heavily indebted, economic growth is slow and inflation is high this is by no means beneficial to the development of the country, or will Jamaicans get value for their money.

3. NHT $45 billion dollar transfer. 


In his opening presentation in the 2012-2013 budget debate in Gordon House the Minister of Finance Dr. Peter Phillips boldly told the Jamaican people that, “It cannot make sense to break into an empty shop, mek no sense to raid an empty cupboard. There is very little in the cupboard at this point in time." He also went on to note, "everyone should be aware that the public resources in this special period of economic challenges are severely limited."

Given the fact that one shop was empty it made sense to break into another. The criminal mentality of the act has not and will not elude all. The working class of Jamaica risks loosing their an already slender ability to purchase and acquire a home under current economic conditions. Jamaica country at alarming economic risk.

4. No new taxes announced in the 2013-2014 budget debate. But,

February 13, 2013 - New taxes imposed on Jamaicans.

One of the most disappointing things done to date by this new PNP administration is to say to the Jamaicans public that there were no new taxes in the new budget. For me this is a blatant disregard for the intelligence of the Jamaican people.

If Jamaicans fail to stand up and take note we all run the risk of accepting as our fate a dismal future.


Comments

Popular posts from this blog

Exploring Jamaica's True Treasure Mines

Colide Z     Sweet   Music   Jamaica      Tech Life If one follows the news and the politics of one particular island of the Caribbean one could easily be misled to believe that the country is possibly a hell hole. After all, things have been challenging for years,  and honestly Jamaica as a country has struggled with crime and corruption, dilapidated infrastructure and a slow economy but the truth and reality is that the country is a living breathing gold mine just waiting to be explored and its content refined. Over the last few years I have been observing, exploring and taking note of these resources  and I am only hoping that one day having recognized these treasures, I extract and refine them for the world to enjoy. Jamaica's most precious mines as explored by me are noted below: Emerald food Mines of Jamaica Many countries can lay claim to them having the best food but I believe Jamaica aka Yard aka Jamrock aka Jamdow...

7 Numbers every Jamaican should be concerned about but only a few really are.

Colide Z     Sweet   Music   Jamaica      Tech Life The data below serves to highlight some critical numbers concerning the Jamaican economy. 2.2% - Jamaica's GDP growth rate for 2011 - Source: Business Insider - http://www.businessinsider.com/worlds-slowest-economies-2012-6?op=1 7 - Jamaica's rank on IMF's data of the worlds slowest growing economies. - Source: Business Insider - http://www.businessinsider.com/worlds-slowest-economies-2012-6?op=1 8.55% - Growth rate of Jamaica's Total Internal Debt for 2011 - Source: Bank of Jamaica - http://www.boj.org.jm/statistics/econdata/stats_list.php?type=8 18.75% - Growth rate of Total Government Guaranteed External Debt between Mar 2010 - Feb 2011 - Source: Bank of Jamaica - http://www.boj.org.jm/statistics/econdata/stats_list.php?type=8 JM$1,226.15 Billion - Jamaica's Gross Domestic Product - Source: Economy Watch -  http://www.economywatch.com/economic-statis...

An exchange rate racing away at who's expense

Colide Z     Sweet   Music   Jamaica      Tech Life Just a quick note on the alarming rate of the devaluation of the Jamaican dollar. As of the end of December 30, 2011 the US$1 was worth JM$86.75. As of the end of trading October 24, 2013 the US$1 was worth JM$104.99. In the space of 21 months and 24 days the Jamaican dollar has been devalued by JM$18.24 or 21.03%. Now you are in one of two groups. You are either poorer as imports to Jamaica are 21% more expensive. Or As a holders or earner of US$ currency you are 21% richer. Pretty decent returns for just buying and holding. The fortune of remittances.      Source: digjamaica.com What will the next 22 months hold? Any predictions as to where the exchange rate will be then? Drop me a note. Now if only everyone would, I will be happy with just a dollar from all my wonderful friends in the US. Colide Z     Sweet   Music   Jamaica   ...