A couple of weeks ago I read an article on malaysiakini stating that Badawi planned to cancel some government projects in light of the global economic slowdown. If that was not bad enough, I just read an article on msn news today regarding Anwar's proposed budget which also suggests slashing major government projects.
To all those who have some background in economics-
Isn't the government supposed to increase government spending in an economic slowdown?
Or are the billion dollar bailouts proposed by the Fed, EU central bank, RBA and numerous others in their respective countries all wrong? Yea, that must be it, all those developed nations are wrong, Malaysia's right!
Saturday, October 25, 2008
Subscribe to:
Posts (Atom)