34 comments

  • Bernard Codrington.

    With all your getting, get understanding: for understanding teaches wisdom.
    Those of us who subscribe to the Judaeo-christian religion would know the source of that admonition.
    Those of us in the social sciences only recommend evidenced base policy measures. We collect our evidence from past reaction of our economy to suggested measures and test whether they worked in the past. We also examine other economies in the world with a similar economic and cultural structure and ask ourselves whether these policies were effective there. According to the answers we get ,we then recommend, and if accepted implement.

    George you quite rightly pointed out that these tax measures if successful would take $500 million out of the system. Which may or may not eliminate the deficit. But you know what it will not happen. The measures have to yield the revenue. My calculated guess is that to yield revenue people have to spend. No spending : no revenue.

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  • Bernard Codrington.

    Sorry.
    The last sentence should read ,” Reduced spending leads to reduced revenue”

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  • It is being reported elsewhere that the story the PM’s car was replaced with a new Mercedes is erroneous. We wait on Barbados to clarify.

    #popcorn

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  • Well Well & Consequences Observing Blogger

    He still cant get back the money from Simpson, he gotta keep the car. I know people who saw the car with their own eyes, they were at Simpson that day.. Waste of taxpayer’s money.

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  • Andrew Simpson

    The 2 % FXT, the 10 % NSRL and 17.5 % VAT do not apply to purchasers of locally grown fruits and vegetables, meat or other manufactured products being sold, in Barbados dollars, by persons that are not VAT registered.

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  • DLP (Formerly CBC) TV and Radio

    I am thinking this budget is the implementation of austerity measures that HAD to be taken. But why implement such and not go to the IMF, just to say the DEM gov’t didn’t go to the IMF? If yuh go this road with this budget yuh could as well go to the IMF and get whatever funds that could be had at the same time…Then again this govt all about smoke and mirrors, doing things based on party paramountcy and not for the benefit of the country. Even now they carry this country deeper down a financial black hole..their only concern is how the DLP looks

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  • Frustrated Businessman: enact Facilitation Martial Law!

    This most recent recession should have lasted three years. The DLP gov’t have dragged it out to nine years due to teefin’, mismanagement, incompetence and lack of facilitation.

    Why has no union spoken out? Back-room deals?

    There will be no economic recovery under Fumble’s Fools. The longer they are in power, the deeper in the hole we will be.

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  • Well Well & Consequences Observing Blogger

    The IMF would monitor the Fruendel and his Fool’s spending of taxpayer’s money and the pension fund, they dont want that…lthey see that money as their personal piggy banks.

    Lawson…look at ya idiot..lol

    http://www.independent.co.uk/news/world/americas/donald-trump-twitter-blocking-accounts-users-violates-us-constitution-columbia-university-knight-a7776486.html

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  • Vincent Haynes

    David June 6, 2017 at 12:15 PM #

    Chuckle…..All doubts removed,check back page of todays Nation for the laughable reason for that brand new merc.

    We are really a follow pattern society.

    …..we have the SJPP that trains mechanics,painters,welders and upholsterers.

    ……you mean to say that for the sake of saving fx the old merc which will now be sold to a buddy could not be kept in tip top shape???

    …….Or is he saying that the SJPP is no good since they stop qualifying under the UK City&Guilds but have our own version of a certificate?

    …..We really mekkin bare sport.

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  • Bernard Codrington.

    WW &C at 7:52 AM

    Do you really believe that the IMF’S job is to monitor sovereign governments’ management behaviour? What they really do is to lend them their own funds, or a multiple of it, with lending conditions. The same as any other lending institution.

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  • Bernard Codrington.

    Vincent Haynes at 9: 52 AM

    Did you do a cost benefit analysis to ascertain whether it was cheaper to buy a new Mercedes Benz for the PM of Barbados rather than repair the current one?
    Do you not think Mia would look impressive in a 9 month Mercedes? Or do you want to wash your mouth on her when the taxpayers have to give her one at a higher price?
    You like you do not expect Mia to win the next election?

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  • Well Well & Consequences Observing Blogger

    Bernard…it’s monitored during reviews. Its standard.

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  • Well Well & Consequences Observing Blogger

    A 4 or 5 year old merc is practically new and can be repaired, german engineering is the top in the world…the cars last longer than most. Fruendel is lying.

    I thought they were trying to say he did not waste tax dollars on a new mercedes, ya can only lie for so long. PMs do not need mercedes, they need to do the people’s work, they get a salary.

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  • Frustrated Businessman: enact Facilitation Martial Law!

    What is most offensive to me is that, having been caught in a clearly ill-considered and inconsiderate moment collecting a new luxury car days after a budget that will shrink new car-sales and new car-ownership by at least 30%, Fumble’s Fools had the audacity to make the bullshit statement they did in a poorly-conceived defence.

    Yes, Bajans are idiots for not understanding DLP failures and voting for the Fools again in 2013 but it really isn’t necessary to rub voter stupidity in all of our faces.

    Kyffin has carried tens of millions of dollars of Fuel, BWA and Transport Board debt for his failed gov’t to keep their card house standing and every now and then must gets his sweets. Business as usual.

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  • Bernard Codrington. June 7, 2017 at 10:12 AM #

    No, I did not do a cost benefit analysis on the old merc but here is the question why do we need top of the line vehicles to drive around this 2×3 island…..foreign dignatories can be accommodated with Limos from Sandy lane…..but no our mauby pockets must buy champagne benz’s.

    Contrary to you I do not belong to any party and my statements hold good for who ever is in govt.

    My bigger point was why does the SJPP not have responsibility for all govt vehicles or at least the ministers unless Frustrateds point is true and we could whistle till the cows come home as our boys and girls need to enjoy the sweets thanks to the intelligent citizens of our country who may yet give them a third term.

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  • Bernard Codrington.

    WW& C 10 :45 AM and 10 : 41 AM

    I do not want to appear to be taking political sides. Those who really know me know my political leanings.

    The IMF like all other rating institutions may express an opinion on the performance of the Barbados Economy. I do not think it is their place to evaluate the governments spending of the taxpayers money or segregated pension funds. They may comment on the effects these may have on the performance of the economy. Monitoring ? No way.

    Any car, Mercedes or not ,can have or develop mechanical problems one day out of the distributive agents show room. After the warranty period expires, costs of repairs fall on the owners, in this case the taxpayers. Somebody has to make a judgement call and it is seldom the head of government.

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  • It is interesting to note in the reason offered for buying the latest Mercedes for the Prime Minister is that it refers to a protocol agreed between government and Simpson Motors. Hopefully all are reminded that a protocol is not a contract and other decisions can be made given the economic challenges prevailing.

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  • Bernard Codrington.

    @ David at 11:49 AM

    Any idea what these “Protocols” are? Were the vehicles part of a lend/lease arrangement? And when was/were these protocol (S) entered into ? Are there any other” protocols’ in GOB dealings with the Private Sector?

    Just asking as a taxpayer.

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  • @Bernard

    Good question but you know how these things go in Barbados. The political class loves to close ranks.

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  • Bernard Codrington.

    Yes, David, they do. That is the reason why the Electorate has to read their lips , their foreheads , and their past behaviours.

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  • David

    Protocols can be unprotocolled.

    What baffles is why as a cost cuttting method we do not keep our older vehicles and let SJPP maintain them as a win win solution students who will be employed by garages around the island to service these same vehicles will learn and the govts maintenance bill will be reduced.

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  • @Vincent

    A noble thought but you should these luxury top end vehicles require special ‘after sale support’.

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  • David

    Chuckle……and who is doing the “after sale” support is very essential……we too luv mekkin sport.

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  • Well Well & Consequences Observing Blogger

    I dont think you are taking sides Bernard.

    IMF must always do due diligence and have paper trails as reference.

    Is Simpson’s not the agents for Mercedes and can source parts.

    Fruendel has no excuse.

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  • Vincent Haynes

    Well Well & Consequences Observing Blogger June 7, 2017 at 2:52 PM #

    I agree he is not taking sides as he belongs to the political class and has tunnel vision.

    The IMF will question/ask just like the Auditor General does how certain figures are arrived at and with what corroborating evidence…..nice words can be used but at the end of the day whatever the IMF finds is open to public scrutiny……which might be a bit embarrassing.

    In this day of the internet anyone can source parts….it makes sense but not mandatory for Simpson to source as they are the dealer…..govt will pay no taxes on the part and the SJPP can do the repairs at little cost to the country.

    In future let SJPP source the best vehicle for our roads and topography and do the maintenance….that is progress,instead of allowing the merchant class to live off the taxpayers all the time.

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  • Well Well & Consequences Observing Blogger

    Vincent….I was wondering how Bernard thought the IMF and rating agencies knew the government were overspending to begin with, just imagine if an IMF program is in place, they would be all over the government departments…commonsense,

    I dont see why Fruebdel cant see that also, for arguments sake, if the brand new mercedes breaks down in 9 months, is Fruendel going to buy the 2017 Mercedes which will be out in October…at taxpayer’s expense…he did crap.

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  • Bernard Codrington.

    WW & C at 4:43 PM

    You may be right but I do not recall any rating agencies accusing the GOB of overspending. I understand them to say that the Public Finances are unbalanced and in their opinion they should be balanced. An imbalance may be caused by overspending or under-taxing or not being able to borrow.
    . The IMF has no power to direct member governments how to organize their financial affairs.
    They advise. This advice may or may not be taken.

    An official vehicle for the Prime Minister of Barbados is a requirement. He uses it for government business. I think we are sweating the small stuff. I will comment no further on this matter.

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  • @Bernard Codrington. June 7, 2017 at 10:12 AM “Do you not think Mia would look impressive in a 9 month Mercedes?”

    I don’t want Mia nor Freundel to “look impressive” with my tax money. I want them to do impressive work for the impressive amount money that we the tax payers pay them.

    If they want to look impressive, let them use their own money…not ours.

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  • Bernard Codrington. June 7, 2017 at 11:30 AM “Somebody has to make a judgement call and it is seldom the head of government.”

    ONE: We did not say that the PM made the judgement call, but we are certain that the judgement call was made with his knowledge and his consent.

    TWO: Do you know whether the person who made the judgement call is a qualified mechanical engineer? or whether a qualified mechanical engineer was even consulted?

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  • @Vincent Haynes June 7, 2017 at 4:29 PM “instead of allowing the merchant class to live off the taxpayers all the time.”

    The white merchant class have been living off the labour of black Bajans since the days of slavery, and now they have been joined by the political/parasitical class.

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  • Simple:
    “…The white merchant class have been living off the labour of black Bajans since the days of slavery,…”
    I challenge you to look in the yellow pages and tell me what percentage of those businesses constitute “the white merchant class”. You people talk without putting your mouths in gear in a logical manner. The majority of business in Barbados are Black owned and controlled.

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  • @ Bernard C
    I will comment no further on this matter.
    +++++++++++++++++++++++++++++++++
    Good call.

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  • Bernard,
    You run a deficit when you spend more than you earn. If government spends more than its revenue, then it is in deficit. You do not need a rating agency to tell you that.

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  • Get ready for prime minister Jeremy Corbyn. Tonight is the night we will get rid of the arrogant, stubborn Theresa May and the Tories.

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