Abhisit is “confident” that extra budget will stimulate the economy


His picture says it all… Abhisit, after less than 1 month in office, is already in “Exhausted Parrot Mode”.

Inane economic policies, boat people scandal, global economic crisis, thai exports down and contraction of GDP (probably -3,5 % during Q4 2008)… too much pressure for him.

He is just repeating the same crap, over and over, ad nauseam.

Last one :

Thailand’s Prime Minister Abhisit Vejjajiva said on Thursday he was confident that a Bt116.7 billion (US$3.35 billion) supplementary budget would help cushion impacts of the economic slump, and that the funds would be injected into the economy as early as March.

The premier made the remarks after the bill won parliamentary approval early Thursday.

The government pins high hopes on the extra budget to help stimulate the country’s economy amid global economic downturn. (TNA)

Countries around the world are pilling montains of dozen, hundred billions of USD… With zero effects… What Thailand is going to do with the 3,35 billions USD promised by Abhisit ?

Don’t forget your stimulation pill before to go to sleep… 😉

48 hours after… in Davos (Switzerland)… Abhisit is obviously excited and starts to change his tone.

Abhisit said the Thai economy was now technically in recession but he hoped it would return to positive growth in the final quarter of 2009. (Bangkok Post)


4 Responses to “Abhisit is “confident” that extra budget will stimulate the economy”

  1. 1 rockderk the great 31 January 2009 at 1:28 am

    Hey Thaicrisis, you worry too much. Don’t forget we still have those 4000 buses coming from Somchai’s bus factory in WatBuri, 200 fire- fighting boats from Zurichburi to keep the economy from overheating, 3 and a half Gripen fighter planes from Stockholmburi to repel the evil Cambodians and if worse comes to worst, we can send the wild- haired forensic expert in to see what the police have arranged for her to see. Aaaahhhhh Sabai……

  2. 2 ThaiCrisis 31 January 2009 at 6:37 am

    You’ve got a point Rock. Particularly with the Gripen… Ah Sweden ! Its women ! Its weather ! Its aquavit ! And… its jet fighters with special “commission”.
    But probably, my readers need some link to understand.

  3. 3 antipadshist 31 January 2009 at 2:26 pm

    Asia turns blind eye to facts


    it is interesting to note that while the last goldLive spot price is 927 (which supposed to translate into almost 16’000 Baht per 1 baht of gold in Thailand) – local gold sellers (or is it BoT) apparently keep it below 15’000 Baht. perhaps they are too scared that more people will rush to sell their gold? 🙂

  4. 4 antipadshist 31 January 2009 at 2:39 pm

    in the true spirit of Abhisit’s clownism … 🙂

    The Oracle with Max Keiser
    30 January 2009

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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