This Government's scam by last Government's scam artist

http://www.ft.lk/columns/The-Government-s-“growth-scam”-/4-657822


The link above is to a Financial Times article which is well worth reading if you are knowledgeable and intelligent to sift through its MUMBO JUMBO, meant to fool the halfwits who mostly read it.

Nivaard Cabraal has got the nerve to maintain that the problems of today are solely this Government's and he has no blame attached to him from his time as the head of the CBSL.

It is mighty disingenous of him, to point the finger solely at others.

My opinion is that both Administrations are at fault, but the real rot began from there, as his growth was merely construction lead, which can easily increase GDP rates as no allowance need be made for borrowings higher the better for growth as it goes into construction that immediately boosts growth.

No fool can argue with that, but the fools in this govt. don't know enough economics to make this simple observation that is so obvious.

Further getting into unproductive investments meant that while the money was spent while investing in Mattala hits the GDP, suddenly when the constuction and spend stops and there is no return - meaning no planes landing, immediately the investment is a zero return one. If it did yield returns, it hits the GDP.

So the MR policies of WHITE ELEPHANTS was a classic case of grwoth while the elephant was ebing built and NO GROWTH once it is over, so add that Harbor, add that Sports Stadium add that Convention Center and add that high cost low return Norochcholai to the list despite the need for Norochcholai for the power at the time, but not such a wasteful one, where the worst optioin that paid the biggest commission was chosen to fatten the pockets of the party in power.

At least for all the idiots who in charge now, at least we can criticise and Cabraal can also write this kind of criticsm for us to read. If it was during MR time a white van would have taken Cabraal where we will never find him again.

Give credit where it is due and blame where it is too. take the partisan side out of you if you are a professional and if you are not your partiality and nakedness is so apparent any fool can see.

So no more sanctimoneous sermons from you please as there is no one in this adminisrtation who can point out your obvious flaws. We are a country where the blind have led the blind all throughout and we need professionals and not charlatans who claim to be professional like NC.

I hope the readers are able to decipher the fluff from the fact in this link in today's FT to make sense or nonsense of what is said.

This govt with flawed policies like reducing price of fuel, giving govt servants raises and allowing any car permits made matters worse. If they did none of these things we would be flying with 10% growth just from the private sector effort being ab le to emply a milion more to take the vacancies now on offer.

Thanks to MR who stuffed the public service with useless people we have no one to do the good jobs and we have people who are looking at the lazy public servants and saying if he can get a paychek like this for no work, why should we go to work an d get a lower paycheck wehre we have to sign in with our thumb p\rints, It is as simple as that.

If all vacancies are filled, growth today will be 10% + but the private sector is being squeezed to balance MR's excesses

May God Help Sri Lanka from these charlatans