Comment history

DonAnthony says...

The port has a regulated profit margin of 10% for the next 30 odd years. Hard to see any conflict there.

On Doubts over PLP electricity deal

Posted 18 May 2017, 10:28 a.m. Suggest removal

DonAnthony says...

Have you looked at the balance sheet of BOB? The bank is underwater, to the tune of several hundred million dollars. Of course shareholders should be wiped out, it is called capitalism, the best that could be done is to try to make depositors whole. Sell the bank for what it is worth, half its loan portfolio is impaired, and cut our losses. The FNM has to deal with this immediately, and bite the bullet, we can not continue to hemorrhage taxpayer dollars with this sunken ship. Also what if after a massive bailout of several hundred million dollars by some miracle this bank is turned around, with govt ownership, it will simply be run in the ground again! Govt needs to divest itself of this and bahamasair, and ZNS, and BEC as soon as possible.

DonAnthony says...

NHI needs to be put on hold until our fiscal house is in order. It is clear the PLP left a treasury that is absolutely broke. Proof is they only took up 10 million of the 30 million BOB bonds and the promise to pay the police after the election. Christie had no funds to pay them before we voted, now we will borrow more money to pay what was promised.

I do not want to hear about any more programs until we have a balanced budget and begin to pay down our debt. No new maternity ward, no nothing, broke people have to begin to live within their means. The plp lied to us and did not use vat to pay down the debt, they used it to expand govt. spending and left the country broke. That is the shameful legacy of Perry Christie, my children and grandchildren will be paying for his wasteful incompetence. He has stolen the inheritance of future Bahamians!

DonAnthony says...

I want to be hopeful but I have to see it to believe it. Einstein said that the definition of insanity is to do the same thing over and over and expect a different result. We prosecute almost no civil servant for stealing/ corruption even when in possession of the most damning evidence and then we wonder why our government and civil service has been riddled with dishonesty and corruption since independence. Even when in the rare instance someone is prosecuted and convicted they are given a slap on the wrist. Case in point The bribe taker Fred Ramsey, convicted on 12 counts of bribery of several hundred thousand dollars and the judgement: no jail time, simply payback the amount of the bribe, and a $14,000 fine. What is that? This man should be in fox hill prison. Until we prosecute and incarcerate nothing will change. Start with the auditor general report of the 47 million missing from road traffic, charges need to be brought. We are watching FNM and we demand change and accountability.

DonAnthony says...

I too felt patty roker had a very, very bad night. Not that she was biased for any particular party, simply that she had almost nothing insightful to say beyond pointing out ad nauseum that turnout was lower than expected. She seemed afraid to say anything remotely controversial. Also I wish they would report the results in a timely manner, Darold Miller kept repeating all the candidates names, even their middle ones over and over and over and over and over, each time mentioning finge candidates who never garner one vote. Meanwhile unreported results were streaming in.

Otherwise I felt Miller was spot on in criticizing the ex P.M. For his failure to personally concede. It was embarrassing and an insult to the electorate. Here too Roker fell flat on her face as she felt it was just fine. Again she was too frightened to state the obvious. Some advice, get a monitor that the commentators can read from without squinting, drop patty roker, and try to report the results in a more coherent and timely fashion.

DonAnthony says...

I too am hopeful but the FNM govt has a tightrope to walk in terms of getting our fiscal house in order. On the one hand spending has to be constrained but not too much as govt spending is a huge economic stimulus and cutting back too quickly could do even more harm to the economy. At the least we need a balanced budget as soon as possible. The real key is GROWTH, if we can grow our GDP for the first time in 4 years then the debt becomes manageable and the tax base will increase.

How do we get growth is the million dollar question. It starts with reducing bureaucracy and red tape, it is simply too difficult to do business in the Bahamas, our worker productivity needs to increase substantially, unions reined in and civil servants reduced, the tax system needs to be tweaked with maybe an increase in an efficient tax like vat and a reduction in customs duties and other taxes, and most importantly increase Foreign direct investment by eliminating corruption that was so apparent in the PLP govt.

DonAnthony says...

We are facing a very dire fiscal deficit and this calls for drastic measures. Now is the time to do it! Programs need to be cancelled, urban renewal- cancelled, carnival- cancelled. bec, bob, Bahamasair all privatized. And as hard as it is to say it the civil service needs to be reduced. All over Long Island in govt offices you see persons hired in the last three weeks, just sitting there doing nothing. i feel for them, they want a job but we can not afford it. It is better to take the pain now, than to continually kick the can down the road. Otherwise in 5 years with devaluation the pain will be enormous and there will be massive lay offs of civil servants dictated to us by the IMF. So DPM level with the Bahamian people we can not support the level of govt. we currently have, the credit card is maxed out and you need to be ruthless in reducing expenditure.

DonAnthony says...

You are so right. My respect for Prime minister Pinding grew tremendously when he conceded on national radio to the nation after 25 consecutive years of power. It had to be one of the most difficult things he ever did, but he did it out of his respect for the Bahamian people. Christie on the other hand has disrespected us. He has shown us that it is all about him, a short concession speech would have been good for the country and our democracy. It will be a stain on his career forever, and shows that the nation was correct in voting him and almost his entire party out of office.

DonAnthony says...

Wikielections has updated and the count has reverted to 35-4, so apparently Hanna- Martin did retain her seat.

DonAnthony says...

I wonder if any of these persons, especially "banker" has ever had any significant interaction with John Rolle to be passing such judgement about him. And the asinine comment that he is not qualified to be a junior minister lends credence to my growing suspicion that they know very little about him much less about finance acumen.

I worked with john Rolle and as a earlier commentator said, he is brilliant. Far above anyone else in our department, including at that time Wendy Craig who was our superior. We are very fortunate to have him as governor, he could be earning three times his salary in the private sector.

As to his competence, he was a chief architect of the vat tax, and the person most responsible for its very successful rollout. By any measure it has been a succes, one that many myself included doubted could be pulled off. BOB is in court now because of the pressure he is applying. Should it have come sooner, no doubt, but one has to survive in their job without political interference to make a real difference. Better to have a competent gov who is trying than a stupid lackey. I only pray he is allowed with the new administration to make meaningful, independent decisions.