fiscal policy and C4 is waiting for us

Fiscal policy refers to the federal government's use of spending and taxation to meet macroeconomic goals. Basically there are a few limitation when implementing discretionary fiscal policy.

Recognition delay: Discretionary fiscal policy decisions are made by the President (Prime Minister) and voted on by Congress (Cabinet). The state of the economy is complex and it may take the administration time to recognize the extent of the economic problems.

Administrative or law-making delay: The administration and Congress cannot vote and enact decisions overnight. Legal changes are delayed while elected officials debate the issues.

Impact delay: Times passes before the effects of the fiscal policy changes are felt. Delays occur in implementing increases and decreases in government spending and taxing. Moreover, it takes time for corporations and individuals to act on the fiscal policy changes.

With these limitations, intended effect on the economy would normally be delayed for 12-18 months.

For our case, it is very disappointed to say the one who is responsible to salvage our economy is still in the state of denial. Instead of focusing on salvaging the economy, he is focusing on causing chaos in our local political scene. Personally, i think he totally fails in fulfilling his responsibility on the economy and he should give way to others who are more capable in salvaging the economy. I really do not think causing chaos in our Perak political scene would salvage the economy, ironically, this is what he did best and he felt proud of it. Shame on you!

Slow in recognizing our economy problems and slow in implementing the RM7b stimulus plan make me wonder why he thinks he is the most suitable person to lead our Malaysia.

I guess I should stop talking about him, if not there would C4 to make me disappear.

Now second stimulus plan aka mini budget is coming soon, let's hope this one would be enough to keep us from falling into a recession. But i doubt it would be enough.