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David ThompsonWe listened to the announcement in the media this evening – 13 April, 2008 that the Honourable Prime Minister David Thompson will be addressing the nation at 7.30PM tomorrow night. One of the topics which we understand he will address is the runaway cost of living affecting not only Barbados but most countries around the world. Like most Barbadians we will be riveted to the television set come tomorrow night to hear what our new Prime Minister has to tell Barbadians in his first national telecast as PM.

If we were to use the blogs and call-in shows as a barometer to gauge what Barbadians expect to hear from our PM at this time, we immediately start to become worried. Barbadians have become accustomed to living a high standard of living, and in the past when there has been economic downturn the government of the day has always been there to save the day. Our understanding of how the world has changed in the last ten years has sensitized the BU household that it is necessary to rearrange our expectation of government. Barbados can no longer survive on behaviours of the past. The traditional underpinnings of the economy of Barbados which historically have served us well is now under threat by a phenomenon called globalisation.

Click To Read Related Content on Barbados Free Press

Barbados Prime Minister Thompson “Leveling With His People” On CBC Tonight – 7:30pm

We had hope that our economists friends who visit BU would have had their say on this issue. While we understand that the current government would have been caught up in election politics up to January 14, 2008, reality must be setting in by now. The level of subsidies which the current government has inherited and added a few of their own cannot continue. We are not saying that some level of subsidy should not be adopted by the government to buffer against ‘shocks’ to benefit its most vulnerable citizens. However decisions to sustain subsidies because of political motivation must be seen as not being in the interest of the country. Removal of subsidies will obviously expose the vulnerable in our society but we know that the two ministers in the social transformation ministry can assist by identifying those in need.

The reality is that Barbadians must start to demonstrate behavioural changes which suggest that they have become aware of the tough times facing the world. As we continue to observe little Barbados we see the cable antennae on the roof of the most humble abodes, the SUVs and double garages, the fully loaded supermarket carts, the high number of cars on the road, the lack of effort to engage in back yard farming because of the stigma associated with agriculture, no attempt to car pool despite the fact that 65% of Barbadians direct their vehicles towards Bridgetown each work day, the proliferation of cell phones, the crowding of KFC and Chefette fast food restaurants and the list could get longer. When we tally our observations we easily came to the conclusion that Barbadians need some shock treatment to open their eyes to the reality of the current times.

Tomorrow night we intend to listen to Prime Minister Thompson carefully. We hope that his pronouncements will force Barbadians to understand that they need to work hard to keep their feet planted on the ground. When Thompson is done Barbadians must be left in no doubt that if Barbados is to maintain its current economic standing every Tom, Dick and Harry must place their shoulders to the plough to raise the level of productivity in Barbados.

BU urge Prime Minister David Thompson to give the country the medicine NOW so that we can avoid possible major surgery LATER.


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89 responses to “Prime Minister David Thompson To Tell Barbadians Like It Is Tonight @7.30PM!”

  1. Donald Duck, Esq Avatar
    Donald Duck, Esq

    Trained economist

    What does “fiscal prudence” have to do with the government’s failure to introduce integrity legiislation within the time frame promised?????.

    You fail to realise that this government deceived the electorate with their promises

  2. Donald Duck, Esq Avatar
    Donald Duck, Esq

    A recent article from the Daily mail of london on food price increases

    Now the shopping crunch: Food prices soar at fastest rate for 17 years
    By SEAN POULTER – More by this author »

    Last updated at 00:20am on 15th April 2008

    Comments

    Families already struggling to cope with the credit crunch face huge increases in food bills because of global shortages.

    With the international cost of cereals up by almost half in a year, British meat and dairy products have soared in price.

    Costs are rising faster than at any time since 1991 and the average shopping bill is likely to go up by £600 a year.

    Scroll down for more…

    Added to the impact of higher charges for mortgages, heat, light, water, petrol and council tax, the average family is likely to have to find an extra £1,500 a year, just to stand still.

    The increases are a severe worry for the Government and the Bank of England because they threaten to blow apart efforts to cap inflation.

    The Prime Minister will today call for urgent international action to tackle both food prices and turmoil in financial markets.

    The Bank is under pressure to make big cuts in its base rate to boost an economy which is slowing rapidly. But such cuts could fuel damaging price rises by raising the cost of imported goods.

    Figures to be published today are expected to show the current Consumer Price Index rate of inflation of 2.5 per cent has risen again – putting it well above the Bank’s official target of 2 per cent.

    And official data released yesterday by the Office for National Statistics revealed that input prices, the amount factories pay for raw materials, rose by a record annual rate of 20.6 per cent in March.

    The price they pay for UK-produced food rose by 33 per cent, while the slaughter price of animals produced on farms in this country rose by 16.8 per cent.

    Output prices, the figure charged by manufacturers for all goods, rose by 6.2 per cent, which is the highest annual increase for 17 years. The output price of food was up by 8.5 per cent.

    These prices are now rising at their fastest rate since 17 years ago, when there was a recession driven by sky-high inflation and interest rates.

    Economist Howard Archer, of Global Insight, said: “This is a pretty horrid set of data that will not go down at all well at the Bank of England.

    “The Bank cannot afford to relax on the inflation front and this suggests that it continues to have limited scope to cut interest rates – for now, at least.”

    Economist David Page of Investec described the figures as “pretty ugly”.

    Worldwide food shortages have been caused by increased demand from countries such as China and India, together with poor harvests linked to droughts and floods.

    A decision by farmers to turn over their land to the growing of biofuels is also a factor. While biofuels have been presented as the solution to global oil shortages, they are now contributing to a lack of food.

    Some countries have suffered food price protests, while a number of nations are imposing limits on exports to protect their own supplies.


  3. What promises what?!?

    A promise was always a comfort to a fool…

    ….you mean people actually expected a new government in this crazy world economy to keep election promises?!?

    ….lord have mercy, I feel for all of those young girls who I promised the moon and the stars if they really waiting…

    My observation:

    The affair was a little bit shabby. I think that the PM should have dressed more formally and done a prepared statement – including his fuel announcement, BEFORE the question period started.

    The journalist were too ‘scrunched up’ together – what happen? CBC cant find a few more chairs?

    The PM needs to come out clearly and dispel this promises nonsense. … IT IS JUST AN STUPID DISTRACTION.

    Let David Ellis and ‘tell me why’ get a life… the PRESSING ISSUE will be how Barbados can survive the imminent GLOBAL DEPRESSION.

    Even before the election, Bush tea said that Thompson will be the best PM ever, but with the most difficult term of office ever seen in Barbados…..

    …this oil adjustment is only the beginning of sorrows, we will soon forget all about election promises and gimmicks.


  4. DD Esq, you are the equivalent to WIV and Jerome Hinds = tiresome.

    Trained Economist please keep it up.

    This PM has the choice before him to become a statesman or to be the type of political animal who helps no one really.
    I believe he plans to be a statesman.

    I think he has enough self-confidence to do what is obviously necessary and to take his time and do it well.

    People can determine what is important to them personally but the cabinet has a responsibility to do what is best for the country as a whole.

    I am sure that the PM knows that the sun does not rise or set with him like some people thought about themselves previously.

    Maybe like Mordecai told Hadassah (Esther) maybe he has come to the position for such a time as this.

    As a nation we need to pray for our leaders, both in gov’t and in opposition since I am sure the opposition is a part of governance in our system.


  5. True dat Bush Tea!


  6. While I noticed the seating arrangements I figured that they were trying not to come across as too formal or putting on airs. I think this country needs to take a deep breath after the alleged oppression. Hence the relaxed looking atmosphere.

    Nevertheless BT, it is impossible to please every one all of the time. There are much more important issues at stake here than clothes and proximity.

    I am sure those two middle aged gentlemen felt good sitting next to a beautiful young lady. LOL.

  7. Trained Economist Avatar
    Trained Economist

    Donald Duck seems rather quick to condemn. The new government seems to be grappling with the devil in the details of integrity legislation.

    This policy was not on the agenda of the last government. I will settle for some well thought out integrity legislation in one year rather than a rushed one in 100 days or no discussion of it at all as under the last government.

    I have some patience and consideration for others and the nuances of the situation they are in. I will give the government some time rather than play some silly gotcha game.

    Donald Duck is so arrogant that he cannot give some consideration to the fact that the new government had to go straight to estimates after elections as well as deal with whatever issues crop up.

    We have to hold politicians accountable, but we should take care to be reasonable and not comes across as arrogant and inconsiderate as the very politicians who we criticise.

    Some mask as impartial commentators, but seem really keen to see the new government fail.

  8. Politically Incorrect Avatar
    Politically Incorrect

    The bottom line is:

    You have been deceived………..ha, ha, ha!!!


  9. WELL DONE DAVID THOMPSON, YOU DID NOT DISAPPOINT ME AT ALL!

    I TOTALLY EXPECTED EVERY BIT OF THE NOTHING YOU HAVE GIVEN

    TIME IS TELLING


  10. Let David Ellis and ‘tell me why’ get a life… the PRESSING ISSUE will be how Barbados can survive the imminent GLOBAL DEPRESSION
    …………………………………………………………………….
    I am not saying that we are not in a Global Depression, but the oil crisis was on the horizon back in October 2007. The present administration knew before hand that oil price will keep increasing. If the party had campaign paraphernalia long before the call of election. Should they not have given thought with drafts of promises that were placed before the electorate? Should the public view all the promises made as simple mistakes just to win a government and you expect the public to give them a pat on the back and forget these promises?
    After making the announcement of diesel increases and a question from David Ellis, the Prime Minister was then trying to justify special conditions for manufacturers who depend on diesel.

    Was bringing the cost of diesel almost in line with gas prices discussed to pinpoint any associated problems?


  11. We are facing one of the most challenging periods of all time and we seem content to quibble about Thompson keeping unrealistic promises. The DLP was in opposition for 14 years did anyone expect them to say they would have increases gas prices? As stated before election promises must be viewed as such,


  12. Morning all,

    I was just surprised that the PM actually went on the air to answer questions. Has anything like this ever been done by a PM or public official in the island’s political past? I certainly can’t recall (but then again, I’m old and my memory is not what it used to be).

    Now as to whether or not he actually answered the questions, and how he answered them, is to me, another matter entirely (as I said, I was just surprised that he went on air). However, judging by the torrent of comments on this BU post, his responses are the meat of the matter.

    In any case, I’m hoping that we can all look forward to more interviews and discussions from the PM (whether it be a D, B or X), in the future.

    Rgds,
    Amit.


  13. Amit there have been press conferences in the past. What Barbadians have to understand is the turbulent times we no live with oil prices pushing to record levels every month. BU agree that OM Thompson has had to step away from aggressive roll-out of many of the initiatives in the first 100 days BUT with good reason. The man was trying to win a government. In the same way Thompson and his government is being asked if they did not now the enormity of the promises made before election, the question can be reversed. Intelligent Barbadians should have known as well that it was the silly season and set expectations to a realistic level.

    This is a time when all Barbadians need to be non-partisan about holding our country together during this challenging period. Now is the time for our people to offer solutions instead of going down the same old road. After the BLPite score political points then what?

    Unfortunately we don’t have the power of recall so we need to move forward.


  14. We said it on this blog and in other places that the Prime Minister’s address to the nation last night, albeit unexpectedly short and ill-placed, and his interview with a panel of journalists, albeit divided into two with the address coming in between, would be some of the same ole social and political talk from old style politicians, “at the end of which the masses and middle classes of people of Barbados shall still be suffering from the dire effects of a national political directorate that itself lacks the capacity to commit itself to the kind of serious alternative rational political action that is needed for, and that must be at the center of, the further social political, material, financial development of Barbados”.

    Even though we commend Mr. Thompson for the semi-formal interview with these journalists and by extension for reporting to the country on a number of pressing national matters, we certainly saw emerge out of that program evidence why the Barbadian electorate MUST STOP ELECTING DLP and BLP GOVERNMENTS IN THIS COUNTRY, FULL STOP. The prime minister said nothing substantial to really inspire the Barbadian people at this time of local and international domestic economic recession, and expressed nothing substantial to really boost the confidence of the mass of consumers, workers, producers and investors in Barbados at this time of local and international financial turbulence.

    What the masses and middle classes of Barbados mainly got instead was a further dosage of DLP Government imposed draconian economic measures in the form increased gasoline, diesel, kerosene “prices”. What a shame and disgust for a party that long pledged before, and at the time of, being elected into government that it would reduce the cost of living in Barbados. These increased prices will certainly mainly lead to alarming increases in the costs of doing business, producing goods and services, and in the costs of living in Barbados, and added to other brute increases in the costs of other production and distribution inputs could lead to a fall in demand for many goods and services in the country and thus greater unemployment and lower national income. Surely, the prime minister is proceeding with some of the same tried and tested but failed measures that previous prime ministers and ministers of finance of Barbados have imposed on the people of Barbados at different times in the past. Ergo, it is time really now for the broad masses and middle classes of people in Barbados to seriously support the People’s Democratic Congress (PDC), a party with many progressive and people centered different ideas, policies and measures that will, when implemented by a future PDC Government, redound to the overall benefit of the further growth and development of our beloved country.

    PDC


  15. Hi David,

    Thanks for the info re: press conferences in the past.

    I posted a longer article on my blog last night in response to the broadcast itself, not to the questions and his answers. In all honesty, I did not even catch half of the broadcast.

    What I was amazed about was that such a broadcast was held in the first place and some of the questions that were being asked were rather ‘direct.’ But as you said, this really is not the best time for party politics.

    Maybe (just maybe) we can all put it on hold (temporarily of course, LOL!) and as you said, look for solutions as we enter into a turbulent and rocky future (complete with potholes! LOL!)

    Rgds,
    Amit.


  16. David you are right on the money!


  17. NOT IMPRESSED

    with David Thompson

    Prices will go up all around when cost of transportation goes up

    I agree with the sentiments expressed by PEOPLE’S DEMOCRATIC CONGRESS

    My comments are short because of a lack of time and the need to respond instantly

    BUSFARES—–$2.50


  18. Those of us living in the diaspora, and that understands the global nature of the current economic crisis, owe it to our families in Barbados to reach out to them to let them know that what they are about experience cannot be resolved by Mia Mottley, or David Thompson, that they did the right thing in removing the last government, 14 years was too long for either party, that they have to understand the nature of consumerism, that they have to take the time to see where their money is being spent before they can seriously address High cost.


  19. PDC you have been making a lot of statements, in the past, and i have decided to look at what you are offering. Now i must warn you that I will be doing so with certain bias, and assumptions about your approach and that your comments from here on must disprove or i will make it even more difficult for your message to gain a foothold. My Bias and assumption suggest that your approach is built on a socialist and or liberal progressive approach to governance, that is similar, but of a stronger flavour than what exist between the two parties. If I am correct you should know that i abhor Socialist, as much as i abhor liberal progressive politics and policies.

    So here goes: In the context of a global economic crisis at a time when individual economies are more integrated that in the past, a rational person such as myself would expect some fallout in our economic space and would encourage me to step back somewhat, to conserve, to practice a little bit more self-reliance, in a commitment to ride through these rough times that are not of our own making. All of the things that are increasing in cost, constitutes flexible spending, and this presents me with choices. This is just a snippet of my approach which does not include government action, and which is at odds with your approach which seems to suggest that the government has the answer, or should have the answer.


  20. PDC wrote:

    “What the masses and middle classes of Barbados mainly got instead was a further dosage of DLP Government imposed draconian economic measures in the form increased gasoline, diesel, kerosene “prices”.

    =================================

    The current Government is hardly imposing anything, in terms of the price of Oil and the subsequent spin off high price products and services. What would have been your solution and or approach? The Last goverment decided to sheild the country since 911 by instituting keynesian economic methods, an approach that should be shortlived at best, yet it was kept in place 10-12 years at great cost. The only lasting thing that this approach has gotten us, is a believe that Barbadians do not have to cut and contrive, do not have to practice saving, budgeting, and all the other methods needed to build a sustainable future independent of Big government. So again how would you go about what you are critical of this government for?


  21. Green Monkey // April 14, 2008 at 8:04 pm

    Greem Monkey I haven’t watch it yet, but hope you can tell me what is meant by collapse?

    Traditionally the US population in economic terms followed a standard, more or less symetric bell curve with relatively small numbers of wealthy and poor anchoring each end and a big chunk of middle class taking up the middle of the bell shape. Professor Warren foresees the middle portion of the bell curve collapsing due to increasing economic pressures on what up to now have been middle class families leaving the US with what would be a more “third world” type of economy with large numbers of poor, a very small and diminishing middle class, and then the wealthy.

    You can follow the discussion about this video on this thread at democraticunderground.com if you are interested.

    http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389×3152637
    =================================

    Hi GM: Thanks for the Youtube video. I am familiar with the study of the family unit pre 1960 an it’s ability to achieve so much (savings, education, etc) more than today’s families, but the comparison between the 1970 family an one today across a number of expenses was very compeling. My wife smiled as we realise that we are in fact 1970’s family living today. 😀 One salary, one vehicle (minivan) monthly fixed expense that are under 50% of our monthly income, and revolving debt althought not at 1.5% it is still significantly below the average for todays family and going down. We settle on this approach simply because we thought it made sense for one parent to be at home with our two kids. Thanks again.


  22. Adrian you are right on the money. Pack of frauds that is what they were. Other countries were maknig sure that they let consumers feel the pinch so they can cut and contrive. We should have known something was amissed when our former prime minister told us to cut and contrive. But no even i was fooled. Not any more.

    Owen Arthur ya right! coz i cant believe i was so foolish.

  23. Trained economist Avatar
    Trained economist

    `FISCAL SANITY IS ON THE WAY BACK

    Congratulations to the Hon. David Thompson. Finally, finally, fiscal sanity is returning to Barbados after the tax, borrow and spend orgy of the last 14 years. At last some grown ups are running the country, and they realize that you cannot tax, borrow and spend as if there is no tomorrow.
    According to the latest Central Bank statistics, in 1997 the overall debt of Barbados was $2.7 billion. At the end of last year the national debt stood at $5.3 billion. That is a 96.30% increase in the national debt in ten years. If we are generous and allow for a compound GDP growth rate of 4% per year over this period GDP would have grown by 48.02% over the same period, about half the increase in the level of the debt.
    This debt build up occurred despite a significant increase in government revenues from the Value Added Tax introduced in 1996. A major selling point of the VAT was its role in restructuring the tax base of Barbados in anticipation of trade liberalization and the consequent loss of tax revenues from import duties and trade related taxes.
    While we have given up consumption tax revenues, over the last ten years revenues from import duties have swelled from $91,431,000 to $167,593,000, taxes on income have moved from $397,589,000 to $810,340,000 and revenues on excise taxes from $22,383,000 to $137,232,000. Over the same period the intake from VAT moved from $74,906,000 to $648,343,000. Despite solid government revenues or maybe because of it, government expenditure has expanded to a point where any loss of tax revenues from import duties and trade related taxes will still leave the country in a fiscally vulnerable position.
    It is equivalent to taking some of your children’s money to put aside for a rainy day and licking it out before the rainy day arrives. This all happened under the watch of a government that at one time boasted four economists with graduate degrees. They should be locked away somewhere in an Economics jail.
    The policy in terms of petroleum products is one of the most blatant examples of the negligence, profligacy and economic folly of the Owen Arthur administration (which Ms. Mottley seems to be surprisingly endorsing). Prior to the adjustment in the prices of petroleum products announced by the Prime Minister last night, the price of these products to the consumer was based on a subsidy put in place when the oil price was around $64 per barrel. The latest oil price is around $110 per barrel. The oil price has increased 71.88% but the prices have remained unchanged in Barbados. In their thirst for a fourth term the last administration kept prices in Barbados constant while oil prices spiraled. The policy has been costing the treasury about $8 million per month since it has been in place.
    The people of Barbados must decide if they are going to reward and pander to the criminal economic negligence and fiddling while Rome burnt practiced by the Owen Arthur administration, or give the new skipper the support and understanding he needs as he takes the tough decisions required at this critical juncture in our development as a country. I for one am thankful that some semblance of fiscal sanity is returning to public affairs in this fair land.


  24. JC // April 15, 2008 at 11:34 am

    Adrian you are right on the money. Pack of frauds that is what they were. Other countries were maknig sure that they let consumers feel the pinch so they can cut and contrive. We should have known something was amissed when our former prime minister told us to cut and contrive. But no even i was fooled. Not any more.

    Owen Arthur ya right! coz i cant believe i was so foolish.
    =================================

    I was amaze that the then government would sheild bajan consumers at the pump when larger economies were not doing so, but then again i understood that elections were drawing close. In fact were it not an election year in the US, I am quite certain that John McCain of all people would not be suggesting the gimmick of a limited “gas tax holiday” I am not fooled by this nor am i sold on the gimmick of an Income tax rebate. I have however use these uncertain times to put down the minivan, by walking the 1.6 miles each way to the train station, and supplimenting my income by 9000+ via a two nights a week 8 hour part time job @ 12usd and hour. As Elizabeth Warren says in that Green Monkey supplied Youtube video, I maynot have any lee way in reducing my fixed cost expenses which are the largest but i can make a lot of headway in reducing flexible spending and commit even more to reducing my commitments to revolving debt (credit cards)


  25. well said Trained Economist, Does the public understand what 96 million a year could do for the QEH.? Instead we spent it so people can drive gas guzzlers and smile pretty and now in a situation where the deficit has to be reigned in by any means neccessary. The increases should be a slap in the face to everyone ; conserve; be practical; cautious spending and manage your expenditure. The GoB should provide relief to the productive sectors but ensure that the myriad of freighters and operations who operate outside of the Income tax and VAT nets are captured before receiving the promised assisstance so that they can make a fair contribution to Government revenue.


  26. well said Trained Economist, Does the public understand what 96 million a year could do for the QEH.? Instead we spent it so people can drive gas guzzlers and smile pretty and now in a situation where the deficit has to be reigned in by any means neccessary.
    …………………………………………………………………….
    It seems that spin is being placed on the $8 million as indicated by the PM. What I am seeing are commenters using the normal citizens with vehicles abusing the fuel subsidy. My friends, the $8 million consists manufacturing, transportation and the lot with special emphasis on the Barbados Light & Power to address the fuel clause. So stop fooling the public with compounded untruths. Next lie please!!!!!


  27. We find it amazing that Leader of the Opposition would say at a press conference today that the government should have pushed the price up incrementally. Imagine Mia stating this when leading up to the election when her government had the opportunity they elected to use subsidies to shield Barbadians. The BLP turned the business of subsidies into a strategy to regain the government.

    How long was too long?


  28. “14 years was too long for any party”

    that is foolish talk.

    how long is too long if it is good

    the yard FOWLS on this blog are real amazing.
    classic yardfowlism –they are trying to explain and blame .

    the barbados economy has allways been a big challenge and it takes smart people such as owen arthur . tom adams and errol walton barrow

    thompson et al do not have a glue

    ther people of barbados took owen arthur for granted

    14 years too long my foot !


  29. ROBOT // April 15, 2008 at 7:24 pm

    “14 years was too long for any party”

    that is foolish talk.

    how long is too long if it is good

    the yard FOWLS on this blog are real amazing.
    classic yardfowlism –they are trying to explain and blame .

    the barbados economy has allways been a big challenge and it takes smart people such as owen arthur . tom adams and errol walton barrow

    thompson et al do not have a glue

    ther people of barbados took owen arthur for granted

    14 years too long my foot !
    =================================
    Because nothing is for free, and Owen Arthur thought he could convince Barbadians that this is not true. It would seem to me that you believed him.

    If the Barbados economy is this big challenge and only smart men like Owen Arthur can handle it, how do you explain this same Arthur’s action as the only politician to get on national tv and lamented the personal financial contraints he found himself in? So much so that it required the intervention of other to resolve his issues? Please, lets stick to the issues and refrain from attempts to big the short-man, less you forget that an entire election campaign employed this strategy and was a dismal failure.


  30. David // April 15, 2008 at 7:17 pm

    We find it amazing that Leader of the Opposition would say at a press conference today that the government should have pushed the price up incrementally. Imagine Mia stating this when leading up to the election when her government had the opportunity they elected to use subsidies to shield Barbadians. The BLP turned the business of subsidies into a strategy to regain the government.

    How long was too long?
    =================================

    She and Owen Arthur made statements suggesting that the USA didn’t know what they were doing with their economy, and the implications where that they knew how run one. The reality is that the same things that are occurring in the US are occuring in Barbados. Subprime loans maybe at the core of the problems, but buried deep in this mess is the increase in fixed cost that middle class people across many societies are asked to pay for housing, and this includes Barbados.


  31. Adrian Hinds,

    There are certainly very few political labels that we, as a party, wish political theorists, analysts and scribes in Barbados and elsewhere would attach to our party and its ideological, philosophical and practical moorings. Suffice it to say that you, Mr. Hinds, and many more persons, can properly describe us as a people’s progressive nationalist developmentalist party that strongly espouses democratic ideals, values and practices for ourselves and for Barbados; that strongly believes in the achievement of a strong and secure nation/hood – and in all of its expressions and underpinnings; that resolutely believes in the achievement of betterment overall in the social, political, material and financial conditions of the masses and middle classes of people of Barbados; and that therefore will do as much as possible to utterly eliminate elite political exploitation and elite social marginalization and political economic dispossession of the masses and middle classes of people in Barbados.

    Now, to your question as to what would be our alternative approach or solution ( and really and truly there are rationalist purposive integrative partial approaches and solutions ) to these very drastic increases in prices for gasolene, kerosene, diesel, and LPG that were imposed on the masses and middle classes of people of Barbados by the Prime Minister night before last night, we have three for you ( and we will be very brief as opposed to the first attempt because we lost much information because of the computer display system having frozen just now: so we have to type again):

    1) The making of Imports of Goods and Services into Barbados Zero-“priced” at all points of entry. We in Barbados ought NEVER NEVER to have been importing the “prices” of goods and services of esp. far bigger, more complex, cost- intensive countries, like the USA, UK, Germany, Japan, France, Italy and Canada, even though Barbados as a very import-dependent country needs to continue importing the actual goods and services of those and many other countries in order to greater and further survive and develop. This approach/strategy shall surely lead to lower “prices” for final goods and services to consumers in Barbados. Also, and very importantly so, owing to a future PDC Government’s implementation of this approach/strategy, and the Abolition of ALL Taxation, there will certainly be the granting of greater autonomy to those corporations in command of the air and sea ports of the country to charge reasonable market “prices” for the use of their services rendered to users of ports, and that in a way will properly reflect the cost of the operations of these establishments;

    2) The Abolition of ALL Exchange Rates Parities with the Barbados Dollar. By implementing this approach/strategy, a future PDC Government shall NOT ONLY make sure that many, many Barbadians come to understand the national strategic importance and value of having a national currency, BUT ALSO come to understand the true reasons why the totally unnecessary, artificial but exhorbitant transaction costs ( imagine, still, the falsity and egregrity of 1 US Dollar equaling 2 BDS Dollars, and the resulting wicked repercussions on the capacity of final consumers of goods and services in Barbados to actually purchase cheaper and more available goods and services of their choice in Barbados) associated with the import/distributive trade are once and for all to be removed from the commercial and industrial landscapes of this country. Aside from drastically lowering final “prices” of final goods and services to final consumers of goods and services in Barbados, two more of the many reasons for having such an approach/strategy will be to serve to reduce the input cost of the export products and services of Barbados, and at the same time also will be make sure that these Barbadian exports become more “price” competitive than before, and with many other goods and ervices of other countries in the external trade and investment markets; and,

    3) The establishment of a national centralized “price” setting mechanism. Such a mechanism shall essentially be a market made up of all the representatives of the stakeholders (consumers, suppliers, producers, investors, etc. ) and made up of the samples and other relevant conditions of all the relevant goods and services sold in Barbados. Such a mechanism shall be strategically located at various points throughout the country, and shall have its proceedings carried on in a fair, democratic and transparent manner. By using modern communications and information technologies, such a mechanism shall have the capacity to interlink on and then determine and report to virtually all people in Barbados on what the “prices” are of all those relevant goods and services sold in Barbados as a whole. Such a mechanism shall surely lead to lower “prices” in Barbados given that the majority of persons shall be the masses of consumers in Barbados, and who most likely will be acting in their own interest in regard of making sure that affordable and cheap “prices” are put through to the public vis-a-vis this said system.

    PDC


  32. “Stop the presses: price gouging main cause of rising prices!

    Well at least David “roadside chat” Thompson is not completely clueless. It never ceases to amaze me how items in Bim routinely cost three to four times what I pay for them in the US. Even given the exchange rate, international freight, import duty, and vat, merchants in Barbados are making out like bandits. The fair trade commission needs to be more aggressive in identifying and publishing the names of the most egregious violators so that the free market can work. Imposing artificial price ceilings will only lead to Zimbabwe like hyperinflation.


  33. adrian hinds writes

    how do you explain this same Arthur’s action as the only politician to get on national tv and lamented the personal financial contraints he found himself in?

    WHEN DID THIS TAKE PLACE

    TIME
    DATE
    LOCATION

    Tell us adrian —tell us

  34. human resource Avatar

    degap>
    It never ceases to amaze me how items in Bim routinely cost three to four times what I pay for them in the US
    ……………………………………………………………………
    And now COW wants to get rid of cement plant to replace it with something that no doubt will make him millions and import cement. COW and his boys scheming all now on making a killing on cement imports . I am waiting patiently on PM to tackle price gouging as he promised.

    COW= Greed, greed, greed. Can anyone shed light on COW’s announced plans to finish with Barbados and relocate along with his billions and minions to Argentina? Bizzy, Mike, Dick Stoute, Bernie,Waterhall Polo Team any of you know why COW still here shooting off his big mouth.


  35. A man-made famine
    by Raj Patel

    The Guardian April 15, 2008 8:30 AM

    For anyone who understands the current food crisis, it is hard to listen to the head of the World Bank, Robert Zoellick, without gagging.

    Earlier this week, Zoellick waxed apocalyptic about the consequences of the global surge in prices, arguing that free trade had become a humanitarian necessity, to ensure that poor people had enough to eat. The current wave of food riots has already claimed the prime minister of Haiti, and there have been protests around the world, from Mexico, to Egypt, to India.

    The reason for the price rise is perfect storm of high oil prices, an increasing demand for meat in developing countries, poor harvests, population growth, financial speculation and biofuels. But prices have fluctuated before. The reason we’re seeing such misery as a result of this particular spike has everything to do with Zoellick and his friends.

    Before he replaced Paul Wolfowitz at the World Bank, Zoellick was the US trade representative, their man at the World Trade Organisation. While there, he won a reputation as a tough and guileful negotiator, savvy with details and pushy with the neoconservative economic agenda: a technocrat with a knuckleduster.

    His mission was to accelerate two decades of trade liberalisation in key strategic commodities for the United States, among them agriculture. Practically, this meant the removal of developing countries’ ability to stockpile grain (food mountains interfere with the market), to create tariff barriers (ditto), and to support farmers (they ought to be able to compete on their own). This Zoellick did often, and enthusiastically.

    Without agricultural support policies, though, there’s no buffer between the price shocks and the bellies of the poorest people on earth. No option to support sustainable smaller-scale farmers, because they’ve been driven off their land by cheap EU and US imports. No option to dip into grain reserves because they’ve been sold off to service debt. No way of increasing the income of the poorest, because social programmes have been cut to the bone.

    The reason that today’s price increases hurt the poor so much is that all protection from price shocks has been flayed away, by organisations such as the International Monetary Fund, the World Trade Organisation and the World Bank.

    http://commentisfree.guardian.co.uk/raj_patel/2008/04/a_manmade_famine.html


  36. I would like to suggest to PM Thompson that he desist from blaming local big businesses of price gouging.

    I have no doubt that many of them do exactly that, however I am yet to find any kind of businessman who would not try to maximize their profits where ever possible.

    As to how it is possible to buy items in Trinidad at a fraction of the price of the identical item in Barbados…. compare the salaries of the persons selling the items, transporting them, receiving them at the port, processing the paperwork, and working in the office of the business that sells them…. how wanna think these Bajans getting paid?

    I said this before and I will say it again. The solution to price gouging is to set up your own arrangement. We all know that government (meaning us complaining Bajans) have NEVER been able to match even the high GOUGING prices of the big businesses. It always cost more – and loose money too….

    Why does not the lazy, useless, CREDIT UNION leaders have a retail supermarket (Co-operative) that competes with the ‘gouging’ businesses?

    …they are content to place their billion dollars in the bank and wait for 3% interest. Worst yet they have joined with the short joker Lynette to change the laws so that even their credit union members will have to tie up their savings waiting for 3% interest rather than invest in productive ventures.

    The truth is, that Bajans are lucky to have the ‘price gouging’ monopolies which pay the highest wages and salaries in the region so that Bajans can AFFORD the high prices that they have to charge in order to pay such wages.

    What gouging what?!?
    Wanna serious?
    We want High salaries, free health, free education, super highways, Kensington … and cheap stuff too??? WAKE UP and appreciate what we have (for the time being anyway…)

    …we going soon see how good we have had it here in bim….


  37. With respect to Sir COW, I really pity him. It is really hard for me to understand why at his stage of life all he seems to be able to think about is how to make more money…. FOR WHAT?

    ..he needs to make an appointment for some lessons from Lowdown….. Now there is a man with a life…


  38. As usual well said Bush tea!

  39. Donald Duck, Esq Avatar
    Donald Duck, Esq

    could someone tell me if it is good corproate governance for Sir Kyffin simpson to be appointed a director of the central bank of barbados when he is a director of First Caribbean international bank. I thought our new PM was going to look into these interlocking directorships

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