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17 January 2011

ETP’s RM67b to create 35,000 new jobs too few, that’s RM2m per job

Lim Guan Eng, the Chief Minister of Penang hit out at the ETP (Economic Transformation Programme) as proposed by the prime minister Datuk Seri Najib Tun Razak’s administration and criticized it for its exorbitant investment of RM67 billion which can only create some 35,000 new job opportunities. He claimed that on the contrary, the100-day reform plan as proposed by the Pakatan Rakyat, through careful and more prudent spending would be able to create more jobs.

He said “In other words, RM67 billion is needed to create 35,000 new jobs … that is almost RM2 million for one new job. The huge amount of RM2 million for each new job shows leakages in Najib’s plans – in the form of corruption and mismanagement which can only be solved with PR’s victory in the coming elections. It was the Barisan Nasional (BN)’s spendthrift ways which would cause the country to suffer huge financial debts, and added that a vote for PR was the only solution to the country’s economical woes. BN’s mega projects have nothing to do with low income earners ... Malaysia has the highest income gap between the rich and the poor in the whole of Southeast Asia,”

He added that “With Penang’s surplus budget totalling RM88 million in 2008 and RM77 million in 2009, the state government was able to help combat poverty by making sure each family in the state earned a monthly income of RM500. We have allocated RM20 million as part of our senior citizen’s programme annually, with RM100 payments to those above the age of 60 ... this programme will be extended to single mothers as well as the physically-challenged by this year. RM11.3 million had been allocated to religious as well as Chinese and Tamil schools in the island state. All these people-friendly programmes have never been implemented during BN’s 51 year-rule but could be done within three years of PR’s rule in Penang,”


"RM67 billion is needed to create 35,000 new jobs … that is almost RM2 million for one new job."

Najib - just distribute this RM67 billion to the 67,000 voters in Tenang and you will have 67,000 instant millionaires overnight - who will then employ more as drivers, maids, peons and security guards (multiplier effect mah) and all could take turns to main Ummi H kaw kaw - Pareto Equilibrium - win win situation (everybody wins and Ummi will be satisfied and REALLY occupied).

Wish the Education Ministry could transfer me to Tenang!

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