Dr M: Anwar right person to bankrupt Selangor

Proving there is still no love lost between him and his erstwhile political protege, former prime minister Tun Dr Mahathir Mohamad believes that Parti Keadilan Rakyat (PKR) advisor Datuk Seri Anwar Ibrahim does not know anything about the economy.

“He is a good speaker but not about economics. If you want to bankrupt Selangor, that’s the good advisor.

“Of course, you pay him RM1, you’ll get RM1 worth,” Dr Mahathir was quoted as saying by Bernama after a special lecture on ‘Asia and the 21st Century’ at the Asia-Europe Eminent Persons Lecture Series here Monday.

Dr Mahathir said that Anwar, when he was in the Cabinet as finance minister, almost brought Malaysia to its knees during the financial crisis.

“He adopted the International Monetary Fund and made the matter worse. I don’t think he knows anything about (the) economy,” he said when commenting on Anwar’s appointment as economic advisor to the Selangor Government.

Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim announced that Anwar was appointed economic advisor to the state government, with a fixed monthly allowance of RM1, when wrapping up the debate on the state’s 2010 Budget last Friday.


comments

Dr. M, do you really think you did the right thing for Malaysia during the 1997 crisis? You keep saying that your policy save Malaysia, but do you realize that it is your policy that bring Malaysia's economy almost to a halt for the next 10 years? Our currency is depreciated and shows no signs of bounding, our growth is also limited now, our national debt is increased. Look at South Korea who adopted the IMF policy, since 1997, south korea has been booming, before 1997 no one buys south korea products, after 1997, everyone like to buy south korea products.

Before 1997, Malaysia is still regarded as one of the international financial center and our currency is recognized, today, no one think of Malaysia highly, our currency is not recognized. Sighs. Tell me who don't know about economy. Dr M, you are the one that make us so poor today.

At least its ANWAR who save lots of reserved Gold for Malaysia during his tenure as Finance Minister...So Mahatdir, do u think how much reserved Gold do we have currently or during your tenure???

Old Goat, you and your UMNO goons are the ones who are bankrupting and plundering the country.
Once the oil wells dry up in Petronas in about 15 yrs time...you will have nothing left to plunder and who suffers? The Rakyat.

Mahathir didn't train in economics as well, in fact he made plenty of blunders, i'll mention only 2 at the moment. The first one was the inception of a national car -proton, it's always been a failure in fact it has eaten into the national reserves just to maintain it's name all because it's associated with TDM. It should have been sold off long time ago. The more recent blunder is the twin towers. It has put malaysia on the map, but not necessary boosted tourism, in fact the oweings on it is mind boggling. It was another one of mahatirs personal need for self glorification but not beneficial to the society. With the savings from this colossal projects we could have improved the level of poverty in the country and made sure we had a quality society that can help improve the country's economy.