The government pledged yesterday to raise consumers’ purchasing power, boost export growth, ease liquidity constraints for small- to medium-sized enterprises (SME) and tourism operators and ensure foreign exchange stability for economic growth in the second half.
According to Finance Minister Surapong Suebwonglee, more pro-growth measures are being planned to cope with expected challenges in the second half. In particular, exports are likely to be affected by the US economic slowdown, agriculture prices may fall from expected oversupplies, and private investment and domestic purchasing power could shrink.
Dr Surapong, who is also a deputy prime minister, said a growing concern that needed to be addressed in the remaining months involved tight financial liquidity in the industry sector, particularly among SMEs. (Bangkok Post)
More non sense comming from the clown Surapong (the guy with the smile of a soaps salesman).
This guy has only one motto that he keeps repeating like a headless chicken running amok in the courtyard :
STIMULATION ! BOOST ! MORE !
I mean it’s becoming utterly ridiculous. Let’s buy him a dildo.
On one hand, they keep telling us that growth will reach 6 % in 2008… And on the other hand, they want more “stimulus and boost policies“, more tax cuts, more cheap loans (make them free, it’s even better), more subsidies, more prices controls, more budget deficit, more gifts to the people (for 6 months), more mega-projects. etc.
MORE.
They are totally retarded.
Times of frugality are coming.
Surely, it won’t be good for those pathetic politicians seeking easy short term gains… but that’s the reality of the global environment.
Read also : “Economic advisers propose seven measures to boost Thai economy” (TNA)
Please take note that Finance Minister Surapong Suebwonglee is…
1. An ethnic Chinese
2. Doctor grad
3. Ex-CPT (Communist Party of Thailand)
4. Thaksin’s propaganda expert
What more could you expect from him?
I’m speechless.
I didn’t know his background.
I have yet to find a government who will not spend and overspend. Every political party wants to ’stimulate’ and ’stimulate more’ the country’s economy because politicians understand their voters always like to party!
Last time Thailand had a non-stimulative ‘insufficiency economy’ implementing government, in Chuan-Tarrin Democrat Party government (after the 1997 party hangover), Chuan’s party was soundly trounced when their term ended by guess who? Of course, super-stimulator Thaksin’s TRT party.
So the next big inflation hangover will surely come . . sooner rather than later.
Let’s start a “stimulation” contest !