It is extremely amazing that Progressive Liberal Party (PLP) Member of Parliament for Ragged Island and Exuma and shadow minister of finance, would label the Free National Movement government’s mid-year budget report as ‘voodoo economics’, especially when the economy has shown signs of stabilization and actual improvement; something that never occurred under the previous PLP administration.

“PLP: Mid-year budget is voodoo economics” – The Nassau Guardian
Excerpt from this article; “Labeling the government’s mid-year budget communication, which boasted increased GDP growth and decreased spending, as ‘voodoo economics’, the official opposition yesterday called on the Minnis administration to substantiate its fiscal claims about the Bahamas economy.
In the Minority Room of the House of Assembly, Shadow Minister of Finance and Deputy Leader of the Progressive Liberal Party (PLP) Chester Cooper described Minister of Finance Peter Turnquest’s mid-term budget communication as ‘prettying up the books’ without providing the ‘underlying realities’.
The mid-year budget communication today by the honorable minister of finance demonstrates what we have been saying all along; this government has no vision and no strategy for managing and growing the economy.’ said Cooper alongside his parliamentary colleagues.
‘We heard nothing new. We heard nothing that inspires confidence.’
‘Without fail, the minister of finance presents figures distorted by caveats and double speak to try
knit together something coherent that tries to make the government look good.
‘However, we see it for what it is – more voodoo economics from a government that promises much but delivers little.”
First, allow me to say that nobody ever promised as much as the Hon. Perry Christie and was unable to deliver now with that being said, if the facts are as presented with “….the country’s fiscal position has improved compared to the same midpoint last year, most notably the GSF deficit for the first six months of this fiscal year totaling $198 million, down from the $290.3 million deficit under the previous administration at the midpoint of the 2016/2017 fiscal year”, then either the shadow minister wishes the public to deny the facts (numbers) or he himself is lost in a mist of his party’s “Gold Voodoo Mist”, this is all be revealed during the actual debate.
Also to be noted here is that if these figures are indeed true and the economy is indeed improving , then the Progressive Liberal Party’s assertion that the Free National Movement has no plan is embarrassing, as they [the FNM] has been able to do without a plan that which the PLP could not do with a plan.
What is sad here is the shadow minister would actually state for the record; “…we have heard nothing new. We heard nothing that inspires confidence”, the fact of the matter is that if what has been going on in the country, as it relates to the country’s economy, does not inspire confidence within Mr. Cooper and his team then it is as former Prime Minister Hubert Ingraham once said, “What is good for the country is bad for the PLP”.
The Progressive Liberal Party continues to fail for one reason, it is within their nature.
END








