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Friday, August 22, 2008

Petrol in the news, again!

Gosh, our PM is proving to be a compulsive liar! Petrol price will be reduced to RM2.55 per litre starting tomorrow (I presume it'll be in a couple of hours at midnight). And our dear PM (and his Ministers) repeatedly told us the past couple of weeks that they'll revise it down on August 31st (or is it 29th, I forget, too many dates being published in the paper these days).

Today, after announcing a 26-year high inflation rate of 8.5% (26-year high out of 51 years!), he tries to cushion the blow and say we get a present of reduced petrol prices because he understands the plight of the rakyat in these challenging times. Like hellooo ... inflation went sky high only because he pushed up petrol prices so drastically in June!

See, our PM was so shortsighted to not have foreseen market oil prices would go down. Okay la, people in the street like us don't know about how market oil prices work. But you'd assume a country's HEAD would have intelligence to advise him on whether pushing the burden of petrol prices onto his citizens was a right step or not. Obviously he's either not very intelligent or his intelligence wasn't intelligent enough, since immediately after that oil prices went dipping dipping down down (and meanwhile, the government's cash register kept ringing in the windfall income). So, his shortsightedness caused sky-high record inflation rates immediately after he pushed petrol prices up. Smart. Our dear PM caused companies to suddenly incur extra costs and caused living expenses in the country to suddenly increase - apparently for no reason at all except to break a 26-year record of inflation rates.

Now he reduces petrol price a few days before the mother-of-all-by-elections. Doesn't take a genius to see the obvious connection here.

I think if he could, he'd even bring forward the Budget announcement and put in all kinds of goodies "to reduce the burden of the rakyat" - if it ensured he retained his seat as PM til his planned retirement.

Dear Datuk, please realize that your PR ploy of riding on the trains brings you no brownie points, merely emphasizes what you should have and could have done when it mattered most. To be fair, whatever you do now will just be too little too late, and will be criticized to no end by most. Just go with dignity - the earlier, the lesser mistakes you'll make, the less criticisms you'll take, the better.

(And on that note, I hope too, whoever goes up into that hot seat, will have good economic sense and have a love for Red Bull to be able to last thru briefings and meetings).

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