Abhisit explodes boundaries of decency : he worries about public debt, now !

Worried about rising public debt due to a revenue shortfall in response to the world economic meltdown, Prime Minister Abhisit Vejjajiva on Wednesday instructed Thailand’s Ministry of Finance to closely monitor the debt situation.

Speaking after attending Wednesday’s economic ministers’ meeting, he said the ministry reported that the proportion of public debt to the country’s gross domestic product (GDP) remains lower than those of many other countries and affirmed that it is in a framework of fiscal discipline.

Even so, the prime minister sees a need for the ministry to closely monitor the economic situation and debts incurred by the government as part of its efforts to maintain monetary and fiscal discipline.

Mr. Abhisit said he was afraid that the economic meltdown, if persistent, will more severely affect the government’s revenue collection, which could fuel the public debt to GDP ratio. (TNA)

I’m speechless. I shouldn’t, but I am.

Who is the clown who throws money out the window, by conducting insane policies : 2000 THB for 8 millions of people (like a legal huge “bribe”, or vote buying) and the free water, free electricity program ?

Who delays the increase of prices of LPG, NGV by using PTT like a whore ?

Who has invented the subsidy to end a subsidy ?

Who wants to borrow 2 billions USD, outside Thailand ?

Who gave the green light to the military to buy 6 swedish jetfighters ?

Who ?

He has a name and was “Oxford educated” : Abhisit.

And now, this clown worries about… public debt ? I mean WHAT THE HELL IS GOING ON ?

Yes indeed, tax collections are a disaster (read my article), yes the crisis is deep… But a real leader, with at least 2 neurons connected, should have known this earlier.

I did. I made charts to show it. So ?

No. Mister Abhisit had more urgent matters to deal with, then : Asean Summit in Hua Hin, a little ski trip in Davos, ban on alcohol, repression of lese-majeste offenders, intimidation of media etc.

Abhisit, resignation !

[disclaimer : make no mistake, I’ve got the same feelings toward many… western leaders. Like Obama for instance. Monday he says that he wants to cut federal deficit. Tuesday he increases the military budget. Wednesday he says that bonus for bankers should be cut. Thursday he throws huge amount of money… to the same bankers via bailouts and other insanities, and to companies that are already DEAD like GM, Ford, etc.. Friday he says that US people should consume to save the economy. The day after he announces a sharp increase of taxes for people with high income, etc.

It’s the same freaking orwellian doublespeak. And it’s unbearable. Totally unbereable]

20 Responses to “Abhisit explodes boundaries of decency : he worries about public debt, now !”


  1. 1 dido 12 March 2009 at 6:01 am

    ” Abhisit, resignation ! ”

    Yep sounds good…, but for which alternative ” project ” ?

    A name ?

  2. 2 ThaiCrisis 12 March 2009 at 7:21 am

    … Me ?
    😉
    Or Thaksin ?

    I don’t have, of course, any answer to this question. Because, if you follow my blog, you’d know that I think that… there is no solution. On the short and mid term.

    The political crisis, for several reasons, will worsen.

    Meanwhile, all we can do, is to expose the lies of the current government and the absurd emptiness of their leaders (like we did with the Junta, then Samak, then Somchai etc.).

  3. 3 luke 12 March 2009 at 8:00 am

    He worries.. “the economic meltdown, if persistent”

    He shouldn’t worry since the magic recovery is coming in the 4th quarter isn’t it?

  4. 4 ThaiCrisis 12 March 2009 at 8:07 am

    Right Luke. Indeed, I forgot to add the “official motto”, AKA the “miraculous recovery during the second half of 2009”

    By the way, there is a little change : from “second half”…. now they are talking about “fourth quarter”… Ah, anyway, it’s only a small detail.
    😉

  5. 5 Bedwyr 12 March 2009 at 8:51 am

    And as if that weren’t enough, his Alma Mater at Oxford seems likely to to want his proposed speech about democracy on the basis of… well, not being democratically elected really. You just couldn’t make this stuff up. Talk about loss of face, Mr Cardboard-cut-out should be screaming with pain.

    This from the Bangkok Post today .

    Puea Thai: Oxford says ‘no’ to PM
    By: BangkokPost.com
    Published: 12/03/2009 at 02:17 PM
    Puea Thai party spokesman Prompong Nopparit held a press conference on Thursday and exposed the letter written by Lee Jones, a researcher in international relations at the University of Oxford who expressed his concern over Prime Minister Abhisit Vejjajiva’s plan to deliver an address on democracy at Oxford’s St John’s College this Saturday.

    According to the letter, Mr Jones believed it would not be appropriate for Oxford-graduate Abhisit to give such speech to the Oxford community since he was not democratically elected and his government attained power because of the military coup as well as the street violence between authorities and the People’s Alliance for Democracy (PAD) when the court-dissolved People Power party was administering the country last year.

    He deemed that inviting Mr Abhisit to give a speech on democracy at the college would be humiliating even though the college may feel proud to have an Oxford-graduate serving as Thailand’s prime minister, adding that there is neither freedom of speech, academic freedom nor democracy in the country.

    Bedwyr

  6. 6 Fonzi 12 March 2009 at 9:08 am

    TC,

    You should be acknowledged for your economic blogging. I have learned a lot. You have exposed many contradictions.

    This government is in deep doo doo. Their policies are ridiculous. They are clueless and faking it. They just repeat their cute little marketing mantras and hope nobody is paying attention.

    This government would be in real trouble if there was a real press in Thailand.

    It looks like everybody will be going down on the ship together. In the effort to save face, they will be killing the body.

    Thailand is in big trouble if it doesn’t turn around quickly. If not, nobody around to bail the country out this time. The Chinese and Japanese might throw some bones, but, knowing them, they will want a pound of flesh in return for their generosity.

  7. 7 Prokster 12 March 2009 at 9:43 am

    If you can afford it, party the next 2-3 years away while you wait for distressed asset firesale time. There is no cure or hope with these fools, and all we can do is wait for the next black kwai to mess things up even further.
    Maybe the Sondhi L vs Suthep issues now coming out will start something nasty.

  8. 8 fall 12 March 2009 at 11:49 am

    What surprise me is why would anyone still take Abhisit seriously?

    Oxford says ‘no’ to PM
    Ouch.

  9. 9 Marvo 12 March 2009 at 2:40 pm

    …Prime Minister Abhisit Vejjajiva’s plan to deliver an address on democracy at Oxford’s St John’s College this Saturday.

    Is somebody now scrambling for a refund on their plane ticket?

  10. 10 lek 12 March 2009 at 2:41 pm

    This is a useful and well researched blog. And, or course, it is your blog and you can do what you want. But the tone, its way too cynical and harsh. Its not possible to get your point across without being insulting? Would it hurt, could you not get the point across and be polite at the same time? And certainly raders can draw their own conclusions without being told what are the conclusions. Sometimes I think you make yourself so provacative you lose some credibility and distract from the point you are trying to make. I think it is always uncertain to draw conclusions from what we observe in this world, especially here. Who knows what the real reality is? But there is never any point in being nasty. Kindness of speech does not take any more effort and it is certainly less provacative.

  11. 11 Marvo 12 March 2009 at 6:40 pm

    Lek, many of us are drawn here by TC’s direct and refreshing say-it-as-it-is style. If we “wanted Politically Correct” we would be digesting the hog-wash fed to us by the mainstream media who wouldn’t say “boo” to a goose for fear of drawing complaints from “Disgusted-of-Chonburi”.

    Lek, if I behave like a prat in public, then I expect people to say “Marvo’s behaving like a prat”. That wouldn’t be an insult, purely a statement of fact. If I didn’t want people to “insult” me and say “Marvo’s behaving like a prat”, then guess what I should do? Yes, you’ve got it (I hope) – I shouldn’t behave like a prat.

    TC loves this country, as do all of us controversial “slandering” commentators on this blog. We all want/need to express our frustration at the out and out total mismanagement and piece by piece wrecking of this beautiful place called ThaiBlunderLand. TC’s and fellow participant’s language is only an (justifiable) expression of the magnitude of the crimes being committed by a bunch of incompetent prats.

    ‘Nuff said.

  12. 12 ThaiCrisis 12 March 2009 at 9:08 pm

    Fair enough. This blog is opinionated. I’m opinionated.

    When the Prime Minister of Thailand (same with Gordon, Sarkozy, Obama etc.) says that he worries about the public debt, when since his nomination end of december he is doing everything he can to increase the same public debt… I can’t stay calm, or polite. I just can’t.

    If you’re thai I understand that you may be shocked.

    But I can’t stand the lies and (for some of them) the real idiocy they show, proudly.

    It’s unbearable. I need to express, harshly, vehemently the contempt I’ve for them.

    You seem to question the conclusions I make. “What the real reality is ?”

    I think that on several issues, the reality is adamant. And can’t be questioned.

    I don’t attack Abhisit ad hominem (although I like to mock his hair cut and his “Oxford” education). I just copy his contradictions. His lies. Like I did for Samak. Somchai. Surayud. And the other work I do : I gather some official data (Bank Of Thailand) on several economic matters, and use basic common sense to analyse them. I was wrong on some issues, of course. But many times, I was quite right.

    Don’t forget the title of my blog, created almost 2 years ago : ThaiCrisis

    It’s a clear statement. 😉

  13. 13 lek 13 March 2009 at 12:42 am

    Your tone just reflects poorly on you, that’s all. Therapy should not be a public matter, you know? Please find another way to release your emotions because it is our speech that creates this world. A crisis demands solutions. If you love Thailand you should want to be effective not selfish; is never effective to be insulting, especially here.

  14. 14 Bedwyr 13 March 2009 at 1:02 am

    @Lec:

    Perhaps you might like to consider that it is just because Thais ‘like’ to be polite (ie are too shit scared to be direct for fear of offending some malicious poo-yay), that Thailand is the hypocritical and ‘appearance-based’ buffalo barn that it is.

    Thai people could do with a little more direct honesty and a little less communication designed to deceive them while allowing them to feel good about things they should not feel good about.

    Just a thought.

    TC does a good job of telling it like it is instead of wrapping it up in sugar paper – that you can get from any of the worthless Thai media.

    Bedwyr

  15. 15 Vox Populi 13 March 2009 at 2:48 am

    “Kindness of speech does not take any more effort and it is certainly less provacative.”

    It’s also much less interesting. Keep it up, TC.

  16. 16 George P Tuckeer 13 March 2009 at 2:57 am

    It’s no surprise the newspapers are sinking while blogs are on the rise.

    I think it was Mark Twain who said that it’s not enough to just report the news; you have to make people mad enough to do something about it”

    With all that’s happening in Thailand and around the world, it’s simply not enough to just list the litany of woes, lies, obfuscation, buck passing, corruption and plain old incompetence and shake your head and move on to the weather report.

    There’s a need to throw some rotten tomatoes at these prats.

    Now pass me some of those tomatoes, TC

  17. 17 ThaiCrisis 13 March 2009 at 4:35 am

    I like that… “therapy”.
    Exactly Lek : I’m on therapy.
    😉

  18. 18 Prokster 13 March 2009 at 4:56 am

    Indeed blogs such as this one are not just filling a void created by the newspapers and broadcas media. I for one have not bought a local newspaper in 3 years. I suspect the nation and BKK Post have lost countless readers in the last year, readers who can’t take it any more.

  19. 19 Bedwyr 13 March 2009 at 5:39 am

    @Prokster

    I read the BKK Post and the Nation online pages, and I can tell you that imho, the Nation has got worse over time. I suspect that the President of the Nation used to be a vice-president at the BP, though I may have this wrong. What I don’t have wrong is that he is a tosser and I am not in the least surprised that they are going broke faster than you can say ‘duh’.

    In contrast, the BP has a new chief executive from Aussie, and he appears to have been making an impact. I have seen more international news lately and in general they do seem to be diluting the traditional royalist stance of late. Not before time. in contrast, the Nation is just an appalling rag and I will personally go to their bankruptcy party and hurl a few eggs.

    Never-the-less, we do need TC. God forbid he should become another timorous Bangkok Pundit, although I understand he is Thai so perhaps it is understandable.

    So TC, keep putting the boot in. No need to be like the Thais, don’t be afraid to say what you think.

    A spade is a spade not a ‘long-handled digging implement’. And a kwai is a kwai not a large brown quadruped. Oh yes, and Thailand is an under-developed starter country populated largely by numbskulls, not a ‘developing nation with an interesting culture and an even more interesting view on what democracy really means’.

    Bedwyr

  20. 20 Jeffrey 13 March 2009 at 9:09 am

    For God’s sake Lek, wake up from the dream, the fantasy being pumped into the population by the Poo Yay establishment!.

    Pass on those tomatoes Lads…


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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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