03-20-2007, 10:35 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Mudy, they dont have a choice, if the mkt crashes near a big elections or a major aam-aadmi incident happens near elections then UPA will be toast and nobody will buy their aam-aadmi-BS again. So they have to do something now to get out of this and hope their steps provide some sort of soft-landing. Ofcourse it can backfire which is why some folks in UPA will not want to disturb the bubble but then this might really backfire during elections time. It will be interesting to see what happens.<!--QuoteEnd--><!--QuoteEEnd-->
That is the main problem with this Govt. They don't have vision and since they came into power they are on election mode. Either worries about election or country. Sometimes one have to make tough choice for long lasting result.
Let me list some of missed opportunity.
Work on GQ is standstill.
Govt is not investing in infrastructure, the way they should.
Much needed labor reform is missing.
Tuning of Banking and loan system is missing.
Reduce subsidy.
Tax collection is still poor. Tax raid are still selective.
Supply based economy needed.
No check on corruption in Government department.
Lack of will everywhere.
All these need guts and long term vision.
Have you seen election candidates filing affidavits? Think this they have declared or just converted into white.
Country like USA can handle recession and all kind of bust. Country is back to normal after dot-com bust and 9/11. Housing slow down will effect very small percentage, and they will declare bankrupt and will go back to normal. In India there is no Social welfare system etc. I can tell you, short term recession and continuous inflation can bring near civil war situation in India. Coming summer power shortage will be worse than last year. Think what will happen in cities. Don't forget India is a volatile society and not surrounded by good neighbors.
Other biggest problem is Indians or media is very good in creating myth or halo around some person or I say tendency towards cult worship. They have done around Moron Singh and his buddies from World Bank. New Ideas are just tossed out on first instance.
That is the main problem with this Govt. They don't have vision and since they came into power they are on election mode. Either worries about election or country. Sometimes one have to make tough choice for long lasting result.
Let me list some of missed opportunity.
Work on GQ is standstill.
Govt is not investing in infrastructure, the way they should.
Much needed labor reform is missing.
Tuning of Banking and loan system is missing.
Reduce subsidy.
Tax collection is still poor. Tax raid are still selective.
Supply based economy needed.
No check on corruption in Government department.
Lack of will everywhere.
All these need guts and long term vision.
Have you seen election candidates filing affidavits? Think this they have declared or just converted into white.
Country like USA can handle recession and all kind of bust. Country is back to normal after dot-com bust and 9/11. Housing slow down will effect very small percentage, and they will declare bankrupt and will go back to normal. In India there is no Social welfare system etc. I can tell you, short term recession and continuous inflation can bring near civil war situation in India. Coming summer power shortage will be worse than last year. Think what will happen in cities. Don't forget India is a volatile society and not surrounded by good neighbors.
Other biggest problem is Indians or media is very good in creating myth or halo around some person or I say tendency towards cult worship. They have done around Moron Singh and his buddies from World Bank. New Ideas are just tossed out on first instance.