Government Between a Rock and a Hard Place With General Elections Looming

Submitted by Inkwell
barbados-election-map-2013

2013 Final Electoral Map, the government won by a 2 seat margin

1. Consider this argument. The Central Bank (CB) Governor has refused to print any more money for the Minister of Finance (MOF). The MOF needs printing to continue to pay civil servants and keep Government running. If the Government can’t pay the civil servants this month, all hell will break loose. Therefore the CB Governor has to be fired so that somebody who will agree to print the money can be appointed. These delays being granted by the High Court are making the MOF nervous. Time is of the essence. But Jeez, if the printing continues, the economy will only get sicker.

2. Foreign reserves are at an all-time low and heading further south, and with the poor tourist season we are now having, not much hope for recovery. The Government can’t even put its hands on the US$100 million from Kyffin for BNTCL in a hurry as that has to go through FTC regulatory process. Let us see if the Government is going to try to railroad the FTC and also what stuff the Chairman is made of.

3. Government can’t borrow externally because of low credit rating and the existing high debt service requirements are continuing to hurt the foreign reserves.

3. Every economist who has said anything (Frank Alleyne has been predictably silent) has told the Government it must act NOW to avoid a disaster, latest being the CDB which has issued a dire warning: “CDB President Dr. Warren Smith is warning there is “no painless way” to rein in the fiscal deficit and ballooning debt.” “But I think it is also important to appreciate that we need action now. The Government of Barbados knows what to do.” “Let me just repeat that we are ready to help but there are certain things that need to be done before the assistance of the multi-lateral institutions like ourselves can become available in a fulsome way. I think that the debt situation is one that needs to be addressed urgently.”

4. The Government’s hand is being forced every way it turns. It must act.

5. BIG Problem. Elections are imminent and the harsh measures required will doom the DLP’s chances of re-election. What would you do? Think like Stuart (and hope not to get a brain freeze). You have to call elections NOW. If you wait any longer, you will be forced to inflict much pain, especially on the civil service and statutory corporations, send home another eight to ten thousand people; you will have to further cut financial support to the QEH and UWI, BWA and SSA; you will have to increase bus fares; you will have to dismantle the community councils and cancel the football tournament and condemn the DLP to the annals of Barbadian political notoriety. A few of the painful pills.

The only hope of survival is to go to the polls BEFORE you are forced to inflict the pain. Tempus is fugiting and the hour must come. Truly between a rock and a hard place.

119 thoughts on “Government Between a Rock and a Hard Place With General Elections Looming


  1. People God is in control like it or lump it
    Rich will get richer…..
    Seek Gods face let Him in Barbadians you all seem to forget God


  2. I thought this government was elected to save Barbados from the last. However to me it seem to have brought Barbados further in dire straights. The refusal of the mute master to keep the citizens abreast of what is happening is shameful. No man is an island, and sooner or later the buck stops with him.


  3. Lets hope and pray that Stuart does not usurp Camera-on Lashley, like he did for the 50th Independence celebration, over the coming months with Barbados hosting Carifesta in August. We are still awaiting the final bill on the independence celebrations,and especially the price of the Garrison Monkey.


  4. https://www.barbadostoday.bb/2017/02/21/weve-failed/

    The government has failed, they all know they have failed, but Fruendel is up in NYC trying to deceive bajans in Barbados…. from NY….let’s hope his “do whatever it takes to win the election” comment does not translate to vote buying.., again.

    Why are government ministers and politicians in Barbados so disconnected from the majority black voters in Barbados. ..whose votes they need to win each and every election. …it will never be any different.

    And as for this two faced, forked tongue, self-serving fraud, he does know that no one trusts him right….they all know they failed…, all of them, particularly Fruendel, they should know they have to go…..but are all pretending otherwise.

    ……printing money from 2010 means they lied and deceived the people to win the 2013 election, they never had a viable plan for the economy, they were making it up as they go along and praying for the best until it backfired with Worrell v. Sinckler…..they will lie and deceive the electorate again because they have made the economy even worse than in 2010…and still dont have a viable fir it’s recovery.

    “We’ve failed!
    alternative economic plan needed – Estwick

    Added by Emmanuel Joseph on February 21, 2017.
    Saved under Local News, Politics
    0
    In an apparent slight of Minister of Finance Chris Sinckler, outspoken Cabinet Minister Dr David Estwick said Government’s economic policies had failed and the Freundel Stuart administration was facing an uphill task in seeking to correct its errors.

    And in what can be seen as an “I told you so” moment, the Minister of Agriculture, Food, Fisheries and Water Resource Management today reiterated that an alternative economic plan which he had presented to Cabinet just over three years ago, should have been accepted instead of the policies pursued under Sinckler’s supervision.

    Estwick never mentioned Sinckler by name during his interview with Barbados TODAY, but it was evident that he was no fan of the policies pursued by his own Government over the past seven years or so.

    The controversial minister reminded the country that as far back as 2010 the Stuart administration had been printing money – something Governor of the Central Bank of Barbados Dr Delisle Worrell recently warned must stop immediately and which Minister of Industry, International Business, Commerce and Small Business Development Donville Inniss contended was only meant to be a short-term measure.”

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