LPM challenges Dr. Kenny Anthony’s claim of economic growth

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LPM challenges Dr. Kenny Anthony’s claim of economic growth
According to the PM:
According to the PM:


PRESS RELEASE
– The Lucian People’s Movement (LPM) is aware that tourism-related construction development is one of the primary potential economic fixes on the island.

However, after listening to Dr Kenny Anthony’s interview with Daher Broadcasting Service (DBS) reporter Kendal Burton, titled “Road to Recovery,” the leader of the LPM, Therold Prudent, believes that Saint Lucians are being misled by Dr Anthony’s remark that “the tourism sector is stabilising and showing signs of growth.”

Prudent believes that, in the short to medium term, Dr Anthony should not be using the word “growth” to describe Saint Lucia’s current economic situation, given that the government’s expenses far exceed its revenues. Moreover, with unemployment and its corresponding ally, poverty, still at disturbing levels, and only one bank in the country earning a profit last year, it is shameful that Dr Anthony would characterise, as evidence of growth, the economic events that are currently impacting the lives of the Saint Lucian people in a negative way.

Continually to ignore these alarming results and simply praise a small increase in the number of cruise ship arrivals as evidence of economic growth, however volatile, is a blatant attempt on the part of Dr Anthony falsely to convince citizens that true recovery is emerging.

Therefore, given the government’s penchant for choosing political expediency over economic reality, it is incumbent on the Saint Lucian people not only to recognise how disturbingly removed the prime minister remains in his understanding of their daily struggles but to also begin the march towards a suitable leader who is capable of moving the country beyond this current and unending economic stalemate.

Prudent added that, while Dr Anthony made it clear that Saint Lucia’s fiscal deficit and high public debt are “chronic” problems, he conveniently omitted the fact that it has been difficult for domestic financial institutions, foreign investors and the Caribbean Development Bank (CDB) to issue loans to the government and citizens to help spur economic activity on the island.

“An initial spending cut initiative from 9.6% of GDP to 5.6% by the current administration may provide miniscule relief from the economic pressures,” noted Prudent, “but it is clearly very far from solving the overwhelming socio-economic problem confronting us.”

For these reasons, Prudent said, “Even though global recovery succeeds in increasing the flow of resources into the island, growth and development are not assured, given the Anthony administration’s questionable quality of service and their appetite continuously to burden future generation with enormous debt.”

“It appears for the most part, that the decisions of the government do not take adequate account of the needs and proposed initiatives of its own agencies, community organisations and independent professionals,” Prudent concluded.

Therefore, if the future development of Saint Lucia is based solely on Dr Anthony’s “hopeful agenda,” and not on quantifiable creative collaboration, then the country is doomed to continue along the path to failure.

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12 COMMENTS

  1. True true. Majority of the Lucian population has been brainwashed by these fake politicians. So no matter how you try to educate them, it,s like beating a dead horse. Jah say my children perish because of lack of knowledge. Search the truth and the truth shall set you free.

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  2. Kenny need to stand up as a man and tell the children the truth. He cannot stir the country in the right direction and should step down. There will always be those that are greater or lesser than you. Don,t you overstand. You can,t fool Jah children all the time. Liberate Jah people.

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  3. Growth my a** still the same size and shrinking. PM do the job the people elect you and your party to do. Tell the truth stop hiding and lying to us, we have eyes to. We can see things bad just admit it. It not about Green, Yellow or Red.

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  4. Could the Losing Prudent Movement please tell us the tree from which he will pick the money that will enable all this additional expenditure but with less borrowing?

    Reality is that a careful balance of expenditure reduction, tax increases and borrowing is the only sensible solution. Most every employee in the legal (as opposed to illegal) private sector has had to tighten their belts. Some by 100% as a result of being made redundant. The Public Sector must share this situation and the associated pain.
    Meantime our main economic driver, tourism, must be sustained, nurtured and encouraged to the maximum level of linkage with agriculture, manufacturing and crafts so that the dollars invested stay in SLU and do not leak out.

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  5. If the PM for all these years have not learnt to do anything but to regurgitate what his lackeys think people will buy, anybody with just a single shred of commonsense, will by now learn to ignore his self-deceiving statements on economics.

    There is a dearth of talent and skill there as well as in the area of business negotiations. The blunders continue to show themselves with almost everything he says.

    Only lackeys and yardfowls today are the only believers. They continue to drink the Kool Aid punch bowls of NICE and STEP.

    Prudent is on target. LPM can hold the balance of power, if only we had a really smart and sophisticated voting public. Then this country would be set right again.

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  6. Right on Target. I beleive the country has all but told Kenny its over. me myself I am just waiting for the bell to ring.

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  7. the truth hurts- and is always difficult to admit. Do you seriously believe that the PM will come on tv to say otherwise-it takes a man with balls to do that --------------

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