Updated: Investment down to 1994 levels - PL

Joe Micallef

Sep 13th 2009, 09:09

Obviously my below level IQ post which was trying to match that of the press release tickled some sensitives, allowing some to flash there bombastic vocabulary. By analogy I will explain why I think the press release is stupid - Imagine I invite Usain Bolt to Malta to attempt a new 100m world record. He accepts and when he lands here I take him at the foot of the Telgha t'Alla u Ommu which I would have transformed into an uphill track. Given his indomitable character he accepts the challenge and clocks 10:20 - An outstanding time. Then I walk up to him and tell him big deal! that is as good as the record set by Jesse Owens in 1936.

Galea. L

Sep 12th 2009, 09:08

Kevin Pirotta
EFA rescued Malta?
He divided Malta into two tribes.
The have and the have not.
The elite and the workers.
The elite getting rich beyond anyone's dreams and the workers not making ends meet.
This is apart from the middle class being made extinct by the PN.

philip pace and the rest.
Wait for it.
We have just been tickled by recession.
The next two / three years will be extremely worse.

Kevin Pirotta

Sep 11th 2009, 21:29

@ A Abela ... if you mean back to the days of EFA, as in rescuing Malta from what everybody knows it was and had become then so be it. Either you have suffered severe memory loss in the last 22 years or you are in your late twenties and thus know no better.

philip pace

Sep 11th 2009, 20:56

The Ministry of Finance reaction is a lame excuse as the signs of the International crisis were knocking at the door by last November. The source was the overall artifical feelgood factor that was abundant in the economic world. It was a large bubble that was on bursting point in November. Many people saw it coming and could smell it, but you didn't.
In other words the 'experts' did not put their ear on the ground to hear the army coming.

To the PM and Tonio Fenech can you please get your act together for once!

How was the projected economic growth was to be with the increase of water and electricity and the doubling of gas tariffs?

If you take money out of the people's pockets by forced and unjust taxes and the increase of the necessary things, how can you expect the economy to run when the same people are the most important cog in the economy and are left with no extra money to spend?

P.Cassar

Sep 11th 2009, 19:04

@ J Micallef
One bad news after another every day and you still find people who, instead of facing reality and accept the dismal failures of the govt., are only able to look back and compare Malta to 20, 30 years ago!!! There is surely some imp reason (gravy train etc) because I refuse to suggest poor minds.

Brian Calleja

Sep 11th 2009, 18:57

@ Joe Micallef
That reminds me of our now famous two-tiered society. The upper tier have never had it so good - while we common mortals in the lower tier have to tighten our belts.

A Abela

Sep 11th 2009, 17:29

Back to the days of EFA.

Jo Said

Sep 11th 2009, 17:17

Superb reasoning, Mr Micallef's, isn’t it!

I would dare venture to even say that we are better off than the post world-war era. How's that for naïveté? N. Calleja should be thrilled.

Muscat.Pat

Sep 11th 2009, 17:03

@JOE MICALLEF.
Yes you are right. The chosen few, -that is those that are on the PN.s gravy train- are better off now in the middle of the financial crunch, than at any time during their lifetime! This is quite an achievment nothwithstanding the roller coaster that Malta to has been diving to, at full speed to oblivion ! We have gone through 360 degrees during the the last 20 years of PN governments where the "money no problem" is now "money the problem" =PN is the problem!

Joe Micallef

Sep 11th 2009, 16:33

Does that mean that despite the unprecedented global crisis we are better than we were in 1987?

smifsud

Sep 11th 2009, 16:21

keep politics out of it Mr Calleja...stay focused on the true facts and all that should matter ,afterall the whole world is in downturn so keep the rhetoric out of it ....we need to deal with issues as they come as there is no reason to point fingers either way as we are all on the same island and we are all going to be efected negativly to some degree....

D. Xerri

Sep 11th 2009, 16:20

Ara vera PAR IDEJN SODI jrid ikollok biex jirnexxilek titfa lill Malta 15 il-sena lura - GonziPN - Together everything is Possible EVEN inventing the Time Machine to take us back 15 years in time to 1994 ! Well Done GonziPN for such an achievement in Finance and Physics.

D. Xerri

Sep 11th 2009, 16:14

Well at least the Government is doing something though after 21 years spending the money he found ready to spend selling all and everything Malta had - Doing a Failure after a Failure and not even recognizing they are being done or showing us a different picture - L`Aqwa li naraw dik it-tbissima fuq wicc il-Prim Ministru u bilhaqq ilni ma nismaghha l-ghajta tal-Finanzi Fis-Sod - Tghid nergghu nisimghawa next election - Lill min tafu tistaqsix ghalih !

James Grech

Sep 11th 2009, 16:11

On the other hand it also shows how flawed was the Gov's homework and the incompetence in finding serious solutions to counteract the present situation.

N.Calleja

Sep 11th 2009, 15:59

These press releases are nothing else than cheap propaganda to show that the PL is doing something to make its voice heard. They are simply nauseating