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Submitted by Douglas
Caswell Franklyn, Head of Unity Workers Union
Caswell Franklyn, Head of Unity Workers Union

IS THERE MORE OR LESS POVERTY TODAY IN BARBADOS THAN IN 2008?ย  I say there is a lot less since 2008, despite what the Barbados Labour Party and its supporters are saying.

If one reads the claptrap written in today’s Sunday Sun – NOT ALL BLACK AND WHITE: Govt should resign for the greater good –ย  by the ornery Caswell Franklyn (who the Labour Party jettisoned after a former BLP minister was elevated) it would appear to the uninformed that conditions in Barbados are akin to those in Haiti.ย  What Absolute Rubbish!

Hear the BLP’s ardent, apologetic protagonist and modern-day, union rabble-rouser: “Personally, I have not seen this level of poverty and deprivation (here) since the 1960s.”

Well, I don’t know where he has been living; maybe on Mars or under a rock; or the guy is so partisan that he is either purblind, believing his own propaganda or downright apparatchik. Wake up Caswell!

But, who could blame him; that newspaper has given him a weekly platform to squirt his venom. I would suggest he should start telling the truth. For, despite the tough economic times we have experienced because of the worldwide recession, Barbadians are still keeping their heads well above water, holding their own, prioritising their needs as they separate them from their wants, and, generally, are doing better in spite of ….ย ย  A few real indicators are: the liquidity that abounds in the banking system and at the credit unions; the ever improving housing stock and vibrant construction industry; new, small and medium sized businesses that have sprung up; good transport and the number of new vehicles on our roads; affordable health care; continued educational facilities; attendance at social events; and the acquisition of non-essential, but inexpensive, day-to-day items by many persons. These are the real indices that count.

As a matter of fact, we are faring much better than most of our CARICOM neighbours, better than many in some US states, France, Ireland, Spain, Cyprus, Italy, ‘poor’ Greece and some other EU countries with far more resources than us.

So, let’s do a comparison between 2007, when the “Great Economist” was “in power”, VAT receipts were being squandered all over the place and a ‘trade union’ nuisance and his friends were living high off the hog; and today, when we are still in the throes of a prolonged recession.

Back in 2007, when the country was awash with VAT $$, no less a person than Dame Olga Lopse-Seale had publicly bemoaned what she had seen during her daily treks across the length and breadth of Barbados before Christmas, as she investigated requests for assistance from her Needy Children’s Fund.ย  Her actual comment, which was carried in the Daily Nation newspaper, was: “IN ALL MY YEARS HERE, I HAVE NOT SEEN SO MUCH POVERTY IN BARBADOS. IT HAS GOTTEN WORSE”. And guess what? It happened under the Barbados Labour Party’s watch.

The BLP and its apologists, including Caswell Franklyn, have no moral ground or principled legitimacy to attack this administration on the issue of poverty. Indeed, the Dems can assail the BLP for not doing much when they had millions on top of millions during their 13 odd years in power; yet the late Auntie Olga had to be critical of them on their insensitivity to that social plight.

Fact Check: the relevant extract from the Daily Nation of Dec. 20, 2007.

On 19th. Dec. 2007, after one of her visits to several urban and rural households Dame โ€œAuntieโ€ Olga Lopes-Seale noted: “More women and children are living in poverty in Barbadosโ€™. In all my years here, I have not seen so much poverty in Barbados. It has gotten worse.” While saying she had no statistics, she stated that she was seeing an increase in poverty while doing her work in charity. (See the back page of the Daily Nation of 20th. December, 2007)

Fact Check: the DLP alluded to Dame Olga’s comments on poverty in Barbados in its election campaign Charge Sheet against the inept BLP in 2008.

WOW!!!! Who do you believe? The late Dame Olga or Caswell Franklyn and the BLP? Dame Olga was a lady of impeccable integrity and could certainly be trusted. We need not say anymore !!!

Well, lest people forget, we have to remind them that, in the face of the worst economic recession the world has experienced in 100 years, this administration has worked to wrestle poverty to the ground. Look at the free students’ bus fares, the free summer day camps (which the BLP opposed), the payment of utility bills for seniors, the aggressive low-income housing programme, the ongoing work of the Constituency Councils (which the BLP opposed), a reduction in income tax (PAYE) from 17.5% to 16%, etc. All of these have been achieved from a greatly reduced revenue base.

Actually, this DLP Government, to its credit, has actually strengthened the country’s welfare safety net, as it endeavours to prevent more people from falling through the cracks, particularly the most vulnerable members of society, e.g. single mothers; the elderly and young children.

Keeping It Real


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96 responses to “Bring the Facts Caswell Franklyn! We Live in a Real World”


  1. I read your submission and I read Mr Franklyn own ….so you tell me which one is fact.I know and I will continue to say it this government destroying Barbados. No amount of spin could make me think otherwise, sir and for you to come here sprouting this political hogwash I am ashamed to be called a Barbadian. Persons like you who supports political parties and continue to refused to think or question some of the pain that they are inflicting on our people and you come here submitting garbage. It saddens me to see what my country is going through, but with God help he going to deliver us.So next time you want to come to this forum, you bring the facts and try to live in the real world.


  2. Caswell hit a raw nerve with the DLP, didn’t he? You all are so “touchous”.

    His article is on point……….the only people who are better off since you morons took up the government in 2008 are the Preconco’s, the Jada’s, the Innotech’s, the Trans Tech’s, the DLP lawyers and those attached to the various ministers who feed at the trough!

    Barbadians are all the poorer for being so stupid to vote DLP…..and that’s a fact. I have never seen so many homeless people on the streets, so many people begging, so many people leaving back items in their trollies………………and you dont know that Barbadians are poorer for having voted for the DLP?

    Ask those workers who have just been sent home from the BIDC just because they turned 60 who still have loans to repay and children to educate, thanks to your incompetence in managing the economy…………….when you lying bastards told compliant Barbadians every job is secure……..not one public worker will lose their job. How are these workers better off?

    The DLP has deceived Barbadians on a level that no one ever have anticipated and rest assured you will pay dearly for it!

  3. Caswell Franklyn Avatar
    Caswell Franklyn

    Douglas

    The truth hurts.


  4. like they say the proof of the pudding is in the eating, there is statistical evedience stating that barbadians had over a billion dollars in deposits in the bank ,. second proof the Quick Sale of Bonds, please ignore Caswell///ac guess in the mind of the deaf dumb and blind like caswell that all adds up to a poverty stricken nation.. Caswell he is falling on his own sword, Why he needs to keep his self relevant by doing the job of the Nation before they boot him for a second time,,


  5. “prevent more people from falling through the cracks”,…..true, so true. You have widened the cracks into gaping crevasses so that people are being pushed through and all with a grin on your face. I don’t know what it is with you radicalized Dems that makes you so blinded to what is happening to the citizens of this country. Is it sheer wickedness that blinds you to what your party is doing to us, is it a case of you and your ilk being too ignorant to not know better or are you just taking glee in rubbing our faces in it? If the best result we could get from free education is deep thinking like yours, it’s no wonder your party is averse to granting others similar opportunity. Your reference to Dame Olga is an insult to her and her memory. She must be turning in her grave when you or anyone else in the DLP references her name. My fervent wish is that the next government creates a Hall of Shame for you and all like you who continue to support the rape of this country and its citizens. If the MoF wants to raise more money by way of taxes, have him create a levy to buy coals for this sorry lot to burn in hell.
    ,


  6. What is happening in the Caribbean region? I knew that the Puerto Rico economy was stagnating however I had no idea that things were so bad over there. They seem to be going through exactly the same crisis as we are.

    It could be worse. In Greece only 40 percent of ATM machines are issuing monies!

    http://www.theguardian.com/world/2015/jun/28/puerto-rico-debt-unemployment


  7. I am probable not the brightest candle on the cake here, and I am quite resolve with that position nonetheless, but this I have realized: there seem to be a delusion or perhaps illusion, amongst some persons who command positions of wide influence in the public sphere, and who are of the false assumption that their can steer public opinion in view of the facts to the contrary. Now, if the person of whom we speak above, and of whom many I supposed regard with some manner of respect, does not recognized the need to speak the truth, when it pokes him in the eyes. Then what hope is there for the integrity of such a person who pursues this perpetual course of action? And as the great Civil-Rights leader Dr. Martin Luther King Jr, once said: ” Truth crashed to the earth should raise again.” And lastly, it appears as though political-narrow-mindedness has caused many if not the majority of those persons who command a wide influence in the public sphere, to undermine their sense of moral-correctness for the sake of political-convenience.


  8. the blp yard fowls are so hurting that they have dragged out one of their own and well known enemies one Caswell franklyn to do the mud slinging. Now seriously who the Hell would gazed upon Caswell writings and not say HYPOCRITE. but then again politics duz make strange bedfellows, Any how the article is an interesting piece of old political jobby refined and written as fact despite the fact that barbadians only two weeks ago laid out the facts openly by spending money as a symbol of transferring wealth, boy the BLP poo must be leaking like crazy when they got no other choice but to ask Caswell to do their dirty work.


  9. One does not have to be a proponent of the DLP ideals to realize that Caswell Franklyn is a BLP linchpin. Who is bent on besmearing what’s left of the DLP’s image, with his haft-truths, presumptuous-pronouncements, and fairytale-predictions. I can respect a man who has the testicular-fortitude to point out the successes as well as the failures of particular political party, but not a man who spews and parrots his biases and partialities against a party he detests; every opportune time he gets.


  10. @Caswell

    The more they attack you the more your popularity rises. The fact there is liquidity with banks and credit union means Barbadians are not borrowing or banks are not lending.

  11. Mitch Sassoon Avatar

    David

    Would you invest in the GOB saving bonds as presently being offered?


  12. @Mitch

    It is all about managing your portfolio risk. Determine a % of government holdings based on size of portfolio and where you are positioned on life’s curve.


  13. Attack what ! but if Caswell puts himself out there yes he would be hung out to dry on a bed of hot wooden coals. his history as being two faced and a political opportunist depending which side the wind is blowing in his favor is well known across town and country, needless to say he has drawn upon his cockeyed principals of disagreement to be of( use) to the Blp to which the blp has welcomed him with open arms until the next time he upset the apple cart, that is vintage Caswell tuh de bone,,


  14. Fearplay

    Okay, I guess some here would agree that the supporters of the DLP agenda have pretty much been domesticated under the guide of the ruling DLP government. A government which some have claimed hasn’t any respect for the rule of law and due-process, and yet, we haven’t heard that collective -moral- outcry from the people. What does this say about the Barbadian people? And what would it take to arouse the moral conscience of the Barbadian people and incentivized them to rise up against this sea of supposely wrongding on the part of their government? The Utilitarian -Principle proposed that the: right course of action is the one that will lead to the greatest happiness of the greatest number of people. And if there is discontent of government it is surely not coming from the majority, who we haven’t as yet seen in the streets of Bridgetown demanding immediate change in the current state of affairs. The discontent as we have seen, arise from the handful reactionaries, who in their failing attempts cannot or do not know how to convince the Barbadian masses of this widespreading corruption on the part of the ruling government.


  15. Bollocks. I know folks who are seeking jobs for months and ………….nothing. And more who have lost jobs recently.

    Caswell is right, not since the 60’s has it been this bad. And even if you have a job, the banks are reluctant to lend, authority for the lending has to come from overseas for certain banks! They are limiting exposure to Barbados.


  16. ”Mitch Sassoon June 28, 2015 at 6:08 PM # David Would you invest in the GOB saving bonds as presently being offered?”

    vs the banks @ 1%
    Gov’t has eliminated tax benefit in investments in mutual funds and pensions
    folks think that Gov’t bonds are guaranteed.

    That is the why.

    Now the but… the but is

    nothing is guaranteed, even Govt bonds, can be haircut
    folks jump to the ‘best’ alternative, but Gov’t 5% may not be better than commercial banks 1%, if they don’t count for much.


  17. Fearplay

    Question: what is it that the eagle eyes BLP supporters are seeing with respect to government irregularities and improprieties, and common-herd of people aren’t seeing or have been properly informed about? I don’t get it. Why is it so difficult to convince an enlightened people about this widespread corruption on the part of the ruling government? We have witnessed country after country in North Africa, rising up and demanded change through social-protect and militancy. Why hasn’t this taken place in Barbados as of yet, especially in the face of this pervasive governmental corruption? Or perhaps, there is a magnification of the corruption that is conducive to all forms of human government? Now, Nigeria which according to the public record, is the single most corrupted and repressive nation on the face the earth, and yet there is a wide dissent amongst the populace for government. What does this say about the will of the Barbadian people in the face of this alleged widespread corruption by the proponents of the BLP?


  18. @Mobert,

    What are you saying brother? The economic situation hasn’t gotten any better here in the states. The banks are now requiring an A-1 credit before their fork over a loan. Brother work is still difficult to come by as well; a countless numbers of people within the last year have moved from North to down South in search of work. St. Francis Hospital in my home state, just this week layoff 500 employees in view of the governor’s budget cuts. So we are all still feeling the effects of the economic melt down brother.


  19. Mobert

    There is no such thing as a full time job these days in the states brother. Employers have figured out that it is economically feasible to take a full time job, and divide it beween two employees to avoid paying medical benefits and a retirement pension.

  20. alvin cummins Avatar

    Slight correction to above…The amount in savings held in Commercial banks was 8.1 billion, with another 1 billion plus held in Credit Unions. Anybody checked the amount of housing stock held by Bajans and their value..That counts top.

  21. alvin cummins Avatar

    Slight correction to above…The amount in savings held in Commercial banks was 8.1 billion, with another 1 billion plus held in Credit Unions. Anybody checked the amount of housing stock held by Bajans and their value..That counts too.


  22. The middle class has been taking a hit every year since this inept DLP came to power.A cohesive middle class is the social glue keeping together and marking out our countries’ prosperity.Nibbling away at it year after year is spelling disaster to Barbados.A close relative who went to work straight out of Community College at one of our more stable banks, was just given her walking ticket after 15 years of service.
    And you say to me that Barbados is better off?Douglas you gotta be kidding me..
    A drawing of a tomstone is going the rounds of the social media.On the tombstone is written:
    +
    BARBADOS MIDDLE CLASS

                                                                 1627-2015
    
    
    
                                                                       RIP
    

  23. Mobert

    I can go on and on Mobert, but who who really cares? Don’t let no body fool you brother. We are having it difficult here in the states still. Instead of vacations American are now taking what is commonly staycations. That is where their stay round and about home because of the lack of the available funds to travel abroad. Americans companies have also figured out the it is cheaper to give their new full time employees a 401 (K) retirement pension -which has been shown to run before many are laid out for public view rather than the old time pension which extended beyond the grave.


  24. At least there is still a middle-class in Barbados. The gap between the rich and poor in America has widen like GP decrepit butt-cheeks, during the Bush administration; and made worse by the Obama Administration.


  25. @Dompey, you pose some challenging questions to which I am at a loss in providing answers. Technically, 48% of votes cast in the last general election were in favor of the Barbados Labour Party. It is highly unlikely that since that time many or any of the 48% have changed their desire to not supporting the Democratic Labour Party. Conversely in all likelihood some of the other 52% have possibly changed their commitment in support of the DLP. If we agree with the preceding, flawed as it might be, how on God’s earth can a majority of this nations finest and best be so cowed down and docile that a march, a broken shop window, a toppled statue, a burning tyre, not even a prayer warrior weekend in protest of this government can’t be mounted? Did the famous “cracking of heads and shooting of a few slaves (sorry, couldn’t resist it) really have that large an effect on the Cowards of Barbados? What does this say of us if we should ever come under threat by external forces? Is our DNA so flawed that it shows itself even in the takeover of banking, insurance, manufacturing, commerce, hospitality and land holding by foreign interest without so much as a whimper? Where is the leadership of the Church in all of this? I can’t seem to recall reading reports of fiery sermons in protest. We have even reached a point where those who call themselves calypsonians can’t even string together three lines of biting commentary in support of the suffering masses. If they can’t sing about a bumper, a truck, a rum, a rag or wine pun i , then it’s not worth singing about.

    @Dompey, unfortunately I have answered your questions with more of my own for which I apologize but I lose hope and faith in the future of my beloved Barbados every day while it sails under the command of a blind captain, a deaf first mate and a dumb crew.

  26. NationBLPnewspaper Avatar
    NationBLPnewspaper

    If Caswell does not attack the government, he will lose his pick or platform at the Nation BLP newspaper. Caswell got bills to pay so he has to sing for his supper.
    I dare him to write an article calling for change of leadership in the BLP and criticizing Mottley – that article would not make the light of day.Try it Caswell.

    The Nation newspaper “unwritten” policy is that no commentators must write complimentary articles about the current government. It is not coincidence – Mascoll, Brandford, Tennyson Joseph, Frances Chandler, Harry Russell and Caswell? Coincidence??


  27. “The Nation newspaper โ€œunwrittenโ€ policy is that no commentators must write complimentary articles about the current government. It is not coincidence โ€“ Mascoll, Brandford, Tennyson Joseph, Frances Chandler, Harry Russell and Caswell? Coincidence?”

    Is the above really factual or merely fantasy? Would it not be closer to the truth to say that they were asked to be factual and that is why they write the way they do? Just so we are on the same page @NBLPN, lying is when you say that you’re not going to fire anyone and you do. Lying is when you say you are reducing taxes and you don’t. Lying is when you say you’re going to issue tax refunds on numerous occasions and you don’t. Lying is when you give Mr Williams your word to stand behind his airline and then don’t. Should I stop now?

  28. Colonel Buggy Avatar

    alvin cummins June 28, 2015 at 8:00 PM #
    And there is some $1 Billion held in Swiss banks.


  29. The veracity challenged Douglas appears to have Alice in Wonderland syndrome. He lives in an alternate universe, a fantasy land of milk & honey & untold riches .
    Must be nice to live in this fantasy world that apparently exists somewhere in Barbados.


  30. the veracity challenged Caswell not only seem to but have rocks growing behind his ears , how can he make such a bold opinion without producing the facts to verify, his usual verbosity of pitting out cross eyed and pockey cocked information rang true in the political garbage of information that he wrote in the Nation newspaper

    Over the period 1995 to 2010, Barbados was able to achieve a โ€œvery high human developmentโ€Ÿ status in terms of the UNDPโ€™s human development index which combines indicators of health and education status and livelihood. Since 1990, it has been ranked among the top 50 countries in the world. The countryโ€™s development strategy has been to facilitate the development of the private sector in the production of goods and services.

    Barbados HDI value and rank

    Barbados HDI value for 2013 is 0.776 which is in the high human development category positioning the country at 59 out of 187 countries and territories. Between 1980 and 2013, Barbados HDI value increased from 0.658 to 0. 776 an increase of 18.0 percent or an average annual increase of about 0.50 percent.
    these are facts caswell, no bring your statistics to prove your findings going back to 1960.


  31. Forgive me if I’m wrong but, haven’t I read on this blog that Caswell is disenchanted with both BLP and DLP? For instance, wasn’t he critical of the BLP handling of the Carrington affair as being just a show put on for the public with a predictable and deliberate outcome of NOTHING? Didn’t he advise me that the “political class” closes ranks to protect its own and is not seriously interested in a change of the status quo?

    If Caswell is working for the BLP he’s not doing a very good job of winning me over to their side.


  32. @Donna

    And it is a matter of record he is very anti MAM. Ignore the yardfowls.

    On 29 June 2015 at 10:38, Barbados Underground wrote:

    >


  33. Dompey @ 4:53 am, said….
    I am probable not the brightest candle on the cake here,….
    ++++++++++++++++++++++++++++++++++++++++++++++++
    He got THAT right.


  34. Please people, be objective! I read Frances Chandler’s articles all the time and all I see is a common sense, no nonsense lady offering constructive criticism and good advice. Love it!

    As for Tennyson Joseph, I read an article of his that was critical of politicians of the Caribbean in general, drawing uncomplimentary comparisons between them and the administrators of the WICB. I was not left with the impression that he separated the Bees from the Dees in his sweeping and scathing assessment of the motives and capabilities of our politicians. Loved it!

    I have voted DLP for all my life but I find that what their critics are writing today is almost exactly what I would write if I were a columnist. I knew that our system was flawed and that our politicians were no angels. I knew that politics was a dirty game. I expected some level of lies and deceit and corruption as this is an imperfect world. What has surprised me is the magnitude of what took place in the last general election campaign and the speed of reversal of all that was promised then. Good grief our memories may be short but not that short!

    In voting for the DLP I thought I was choosing the lesser of two evils. Now I believe that I erred. Still though none of the writers you people claim to be working for the BLP have managed to win me over to that side. I could say that I am now sitting on the fence but I think a more accurate description would be that I have left the garden altogether.

    Some of you people couldn’t be objective if your life depended on it! Sickening, really!

  35. De Ingrunt Word Avatar
    De Ingrunt Word

    Donna, so the fact that you voted DLP all your life suggests that you loved the representation from your parliamentarian or the aura of the DLP?

    And do your remarks mean that you would likely vote for the BLP candidate in the next general because s/he will be the better rep or you love Mia’s leadership potential?

    My point is that at the end of the day obviously it’s really impossible to effect real impact unless the entire group of ‘independent’ voters and disenchanted party supporters like you vote on the swing to BLP.

    This system of first-past-the post electoral politics is a tough one and that’s why this great fight to win the hearts and minds of the electorate is so hellacious at the moment.

    Of course politics being what it is the time to elections is an eternity and minds can change.

    So you are as good enough bell-weather as ever here on BU, so let’s see what say you a few months from the big day.


  36. De Ingrunt Word

    Please shake the cobwebs out of your brain and read my comments again!

  37. De Ingrunt Word Avatar
    De Ingrunt Word

    Donna, there are no cobwebs. Your statements are clear. You are a truly disenchanted voter…currently not disposed to vote, period.

    And as I said let’s see what you say a few months from election day.

    As stalwart a voter as you were your decision could stay as is or not…definitely an interesting bellwether for this Bajan political lie.

    We shall see.


  38. How is it possible for supposedly educated Bajans to vote for the same party in every election, and be proud of having done so?

    Even if they voted for a particular representative, yuh mean tuh seh dat nuhbody atall from de udda side cudda mek de grade? Not even one single one?

    I noh duh got big breed pigeons, so I guess duh mussee got big breed yardfowls too. Not that I am calling any particular individual a pigeon.


  39. Who cares who or what political party Caswell endorses. Caswell suffers from a toxic level of grandiloquence and is quickly becoming a creature of his own fate
    ing a creature of his own fate. The fact that he can assumed a boisterous and unfounded conclusion on poverty without actual and relevant findings shows the callouness and coldhearted nature of his mutterings to fool the public

  40. Colonel Buggy Avatar

    Is this guy for real ? We have a generation and a half of people who are now learning about some undesirable pests which were eradicated in this country by the late 60’s early 70’s. Chinks and Chiggers have now resurfaced. In the heyday of these pests, they thrived mainly on unwashed , infrequently washed and sweaty bodies. That was at a time when we hand stand pipes, and there were just a few homes in any village with running water. Some communities were lucky to have a public baths, most of which were demolished or put to other uses as homes became “waterfied.”
    Today, as the PM alluded,every home in Barbados has running water, or should I say water pipes, and the ubique meter, because for many people, especially those in the eastern parts of the country, for days on end do not see a drop of water in their homes or community. Many are forced to leave home without the usual cup of tea, and regretfully also without a bath. And at weekend when they are looking forward to doing their laundry, often times tha taps are dry.
    Yes we have regressed, but the BWA has advanced, with a $50 +Million headquarters, complete with a gym and the works, like the Central Bank, while the many supporters of their core business suffer.


  41. โ€œWell, I donโ€™t know where he has been living; maybe on Mars or under a rock; or the guy is so partisan that he is either purblind, believing his own propaganda or downright apparatchik. Wake up (Douglas)!!!!โ€

    It seems as though Douggie forgot to include certain FACTS in his party political diatribe. So, I feel duty bound to remind him of a few of these facts.

    FACT CHECK: Moodyโ€™s Investors Service:
    New York, May 14, 2009 — Moody’s Investors Service has placed Barbados’ government bond ratings on review for possible downgrade in order to assess the credit impact of further deterioration in the country’s debt metrics in the coming years.

    FACT CHECK: Moodyโ€™s Investors Service:
    New York, October 13, 2009 — Moody’s Investors Service has downgraded Barbados’ government bond ratings following several years of deterioration in credit metrics. The Baa2 foreign currency government bond rating and the A3 local currency government bond rating were downgraded to Baa3 and Baa2, respectively.

    FACT CHECK: Moodyโ€™s Investors Service:
    New York, June 13, 2011 — Moody’s Investors Service has downgraded the Government of Barbados’ domestic currency rating to Baa3 from Baa2. The Baa3 foreign currency bond rating has been affirmed. The outlook on both ratings has been revised to negative.

    FACT CHECK: Standard & Poors:
    Tuesday, July 17, 2012:
    Standard & Poorโ€™s downgraded the countryโ€™s national debt to junk bond status in 13 terrible words: โ€œWe have lowered our sovereign credit ratings on Barbados to โ€˜BB+/Bโ€™ from โ€˜BBB-/A-3โ€™.โ€

    FACT CHECK: Moodyโ€™s Investors Service:
    New York, December 20, 2012 — Moody’s Investors Service has downgraded the Government of Barbados’ foreign and local currency bond ratings to Ba1 from Baa3. The outlook remains negative.

    FACT CHECK: Moodyโ€™s Investors Service:
    New York, June 02, 2014 — Moody’s Investors Service has today downgraded Barbados’ government bond rating to B3 from Ba3. The outlook remains negative.

    FACT CHECK: Standard & Poors:
    Friday, December 19, 2014:
    Standard & Poor’s (S&P) Ratings Services lowered its long-term sovereign credit ratings on Barbados to ‘B’ from ‘BB-‘. The outlook is negative. The countryโ€™s ‘B’ short-term sovereign credit rating was affirmed. However, the transfer and convertibility assessment was also lowered to ‘B’ from ‘BB-‘.

    FACT CHECK: CariCRIS:
    Tuesday, December 16, 2014:
    Caribbean Information and Credit Rating Services Limited (CariCRIS), which is based in Trinidad and Tobago, said that it dropped by two notches the islandโ€™s rating on the Government debt issue of Bds$600 million to CariA- from CariA+ and a CariA on the local currency down from CariAA-.


  42. @ Artaxerxes June 29, 2015 at 9:35 AM

    Well said, excellent post.

    But you do know that facts do not matter with the dompey’s, ac’s and douglas’ on this forum. Your post is above their level of comprehension……..it is too high for them, they only operate in gutter politics.


  43. MAM said last night that prior to the 2013 election, the one from St Philip North wrote a letter to the NHC Board telling them that the cabinet made a decision to revoke the contract awarded to Rotherley Construction to build some houses at Exmouth.

    In this letter he instructed them to award to contract to a company associated with a white company…………not to go back to tender, you know!

    But do you know that the minutes from cabinet told a different story? These ministers are out of control and the Foobert that is supposed to be PM cannot touch them. He is therefore just as guilty if he knows of their corrupt practices.

    Is it that he only wants to be PM and would keep his mouth shut just that he remains PM?

    Yes Dompey, we are foolish people to sit down and allow this inept incompetent government to remain in office.

    By the way, does anyone know what ever became of the load of wood, a picture of which was carried in the Nation just before the 2013 election with the corrupt speaker receiving it from a white contractor. This wood was presented to the government days before an election which was to refurbish parts of Parliament. Has anyone heard a peep about this since?


  44. Note the government was accused of withholding the recent Article IV Consultation report by MAM. The MOF has been forced to play hopscotch with David Ellis this morning. Some members of the private sector who attended a meeting last week knows he engaged in a level of obfuscation in the interview.

    Liars all of them and a lack of transparency.


  45. What Moody’s and the other lending agencies have warned the wary and not so wary investor is that Barbados’ fiscal and monetary policies are in such disarray that you the investor might experience a 40% chance of not getting back your principal investment.In other words the Freundel Stuart led administration has put Barbados so ankle deep in debt,it might renege on paying you back your initial investment.Even to those who are so blind on this blog,the CAHILL woman has admiited that investors have shied away from investing in her and the quartet lowe,sinckler,boyce and kellmans’ WTE project.Whites continue to make asses of black politicians and encourage the big JA to discontinue state supported university education,knowing from way back that an uneducated people can be forced to believe anything whitey say.


  46. The sad thing is that this Minister of Finance cannot tell the truth even if it is as big as the sun.

    This man lies when it is not even necessary to do so.

    I remind you on BU that I was at a function just before the signing ceremony of the EPA soon after he became the foreign minister. Someone asked the Stinkliar if he had his speech ready ……….the liar said “no, now yet………I am going to go home, get some rest and get up about 2 and put together something”. A senior person in the Foreign Ministry looked at him and shook his head.

    Now you and I know that there is no way that for something as important as this would the technocrats in the Foreign ministry leave the speech to be prepared by a novice few hours before such an important signing where all the other PM’s and Caricom officials were to be in attendance.

    I knew from then that that man was never to be trusted. He is a LIAR!


  47. Still waiting for the facts to support Caswell opinion ..note his Opinion guide by political hog wash


  48. Prodigal Son

    โ€œI know from then that that man was never to be trusted. He is a liarโ€

    Can you point to any politician that hasn’t stretched the truth to save face? Now I do agree that there are some politicians who are pathological liars. The late Tom Adams (God rest he soul) comes to mind. But most if not all are guilty from time to time of stretching the truth.


  49. None of them were ever in the Stinkliar’s class!

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