

THE RECENT CALL for a national wage freeze by Minister of Economic Empowerment Dr David Estwick is the type of statement which proves the state of the economy is always a hot button political issue. No such statement was ever heard escaping the lips of any political party during an election campaign, for that would be political suicide.
Instead one heard about plans, particularly by the then Opposition Democratic Labour Party about a proposed attack on the cost of living and how plans would be executed to wrestle the cost of living to the ground.
Two years from the last election the mere utterance of such an idea by a Cabinet minister must be taken seriously, since the view from the Cabinet table is obviously different. That realistic and sobering view prompted Dr Estwick's startling views, but he went even further in laying out his proposals for getting out of what he saw as "this economic problem."
According to him, his advice to Prime Minister David Thompson is that he should "look hard and when you find something, sell it".
His view is that such a national wages freeze is "something that we have to do. We don't have a choice. We don't have the fiscal space to do otherwise".
To some, this language may set alarm bells ringing, and to others, it may not ruffle any feathers; but to any aspiring businessman, the immediate watchword will be caution.
The image conjured up by the totality of the minister's language is of an economy which is in so desperate a situation that items akin to the family jewels must now end up under the acutioneer's hammer. Business confidence is not easily bought, but can be easily lost!
Whatever one may think of the politics of Dr Estwick's view, the function of a political party is to win power, but the duty of a Government is to safeguard the public interest, and views that will catch the vote may sometimes have to remain "pie-in-the-sky" promises while more urgent attention is paid to unemployment, and the state of the foreign reserves and the fiscal deficit are given front burner attention.
Needless to say, Dr Estwick's thesis has been attacked by the Opposition Barbados Labour Party and the National Union of Public Worker's general secretary Denis Clarke.
Mr Clarke is unhappy with the manner in which the idea first saw the light of day. He felt that the Government should have spoken to the union before any such public disclosure.
On the other hand, Miss Mia Mottley sought to place the blame squarely at the feet of the Government and the Minister of Finance in particular. In her view the inappropriate budgetary policies of the Government since January 2008 have exacerbated the situation and caused the recession to have deeper and more deleterious consequences for this country than might have been the case.
The debate will continue, but it is now clear that voters will have to pay greater attention to the articulation of economic policy by all parties during election campaigns.
All types of window dressing and outrageous promises are served up by all political parties at election time, even when it is clear that the public purse and the public interest cannot accommodate them.
Sometimes too, attempts to implement such grandiose promises have seriously imperilled the welfare of the very people whose votes were attracted by the promises, oftentimes resulting in a diminution of the standard of living, and consequential increase in social hardship.
It behoves us all to follow the unfolding story; but whatever the outcome of Dr Estwick's proposals, greater scrutiny must be paid to the consequences of the economic proposals contained in party manifestos.
The economy will long remain a front burner issue as it is the foundation on which all other programmes depend.
: 2/12/2010
The world has been in recession fo about 2 years we all saw what happen in the US and other Countries. That was the time when Barbados should have put plans in place e.g pay rises should have been reduced then and otheR economic meaures put in place. Did the politicians believe that the recession was going to bypass Barbados I know some hurricanes do bypass Barbados but unfortunately the recession/economic will not do this. Please politician and people of Barbados you have to think long term not living/existing day to day.
Economy : 2/8/2010
I hope the government do all that is in its power to stop and economic collapse in Barbados. This would cause chaos in the country. Imagine no money to pay teachers, policemen, doctors, garbage collectors, etc. Whatever steps government can take to stop this, I sincerely hope they would do it. If peoples' wages have to be trimmed, including the those in the civil service, so let it be done. Also, the government should start looking at waste and poor performance in the public service and eliminate what is not working. Tough days are ahead and the last thing anyone wants to see is a total collapse of this government.
Take a look around you folks... : 2/7/2010
...around the Caribbean, the hemisphere, the planet. There is a lot of ecomomic hardship. All responsible governments are taking unpopular, but necessary steps to bring their "houses" in order.
There seems to be no sure fix or no one way out of this ecomonic storm. Barbadians would do well to inform themselves and remain vigilant about their economy so that they are better able to understand if their elected leaders are "making perfect common sense" or just "mouthing off" for political expediency.
So far, Dr. David Estwick's pronouncements seem to reflect steps that others in this predicament have had to consider.
The various political factions should be combining their political acumen and influence to find good answers for the Barbadian people instead of sniping at each other to make empty political points.
MAKE SENSE-NOT NOISE.
The Unions Do Not have a Clue : 2/7/2010
You should also remember the DLP saying that the economy was not important and they will concentrate of social issues and leave the management of the economy to public servants. You should remember out wait-and-see Prime MInister Thompson telling your reported Miss Edwards that his government does not have a cash flow problem.
The union is mere pedestrain in this issue. It is strictly between the IMF and the DLP. Whether the DLP will listen to the IMF and impose more 1991-styled pain on Barbadians - is left to be seen. But I know that the only thing that will save Barbadians from more taxes and unnecessary economic pain - is a general election and a change of government.
State of the Economy : 2/7/2010
The only thing I blame the Government for is not alerting the public earlier and implementing measures earlier. The crisis is not the government's fault, but they have to deal with it!! In fact we all have to deal with it, so the BLP, DLP etc partisan approach needs to stop for the good of the country! I again make the call for a national dialogue on the economic situation.




Thompson's shuffle(3/10/2010)In honour of my dad(3/14/2010)2 BARRED(3/16/2010)Chaderton-Shaw 'forced out'(3/16/2010)Husbands back on top with Senate pick(3/11/2010)Long ride(3/12/2010)PSV OFF DAY(3/14/2010)TOO RUDE!(3/14/2010)Mottley calls for Clico Memorandum(3/16/2010)PM's Cabinet reshuffle speech(3/10/2010)
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