Well,

I see it. This economy, is at a complete stand still. At the wrongest time EVER. We need to encourage a bubble.

No jobs. No FDI. No developments. Businesses are leaving- Bacardi and RBC. Nothing good going on. I mean, not even anything new- financial products and or science. Nadda! Don't even talk about the expansion of services jobs, which Bahamians need and thrive on. Not just from tourism!

Its a bad ride. Not really all to do with subprime- it is a good excuse for governments to use worldwide. But, in the Bahamas, is has to do with the stop and review. Also, it has to do with the lack of FDI incoming- which many feel, folks are put off by this arbitrary economy model, the FNM ran their campaign on. I mean, you put fear in people, and, they do in fact show fear. Enough fear to not want to spend their money here.. Also, of course, it is tied into jobs- services; from engineering, construction, soft services and managerial services and other little bits and pieces, which work towards growing and managing the growth and bustle!

This economy is at a complete and utter stand still. Prices are rising. Immigration still coming in- which means more people to take care of. Jobs are still in the papers, for foreigners only. Projects not even on the table. Topping it all off, oil prices are ripping us to shreds.

Pain. I hate it when I call it. Pure and complete pain is the cry for many. I hate to see the depression on the people in this country. I look into people's eyes, I hear them on the phone, I see their fervour to the way they approach life. People, in once secure jobs, are on half week and some of them, 1/4 months. This, is the worst I have EVER seen the Bahamas and Bahamians- socially and emotionally and economically. And, I have gone through the 2001-2002 world recession made worse by the financial melt down in this country and the change in government. Have seen the "food shortage" scare shortly afterwards and numerous other oil scares! Have gone through a change in government in 1992 and seen the effect of "informal sanctions" on the PLP government before that.

Its bad, and, I am afraid to say, government is doing little about it- in fact, they are the ones blocking the way. A construction and contractors association official, said on issues of the day last week; "PM Ingraham has a choke hold on this economy"....damn. If he does not, then, my God, he in da way!


Maybe I am growing more libertarian, but, government should be clamped from economic production completely!

Well,
I see it. This economy, is at a complete stand still. At the wrongest time EVER. We need to encourage a bubble.
No jobs. No FDI. No developments. Businesses are leaving- Bacardi and RBC. Nothing good going on. I mean, not even anything new- financial products and or science. Nadda! Don't even talk about the expansion of services jobs, which Bahamians need and thrive on. Not just from tourism!
Its a bad ride. Not really all to do with subprime- it is a good excuse for governments to use worldwide. But, in the Bahamas, is has to do with the stop and review. Also, it has to do with the lack of FDI incoming- which many feel, folks are put off by this arbitrary economy model, the FNM ran their campaign on. I mean, you put fear in people, and, they do in fact show fear. Enough fear to not want to spend their money here.. Also, of course, it is tied into jobs- services; from engineering, construction, soft services and managerial services and other little bits and pieces, which work towards growing and managing the growth and bustle!
This economy is at a complete and utter stand still. Prices are rising. Immigration still coming in- which means more people to take care of. Jobs are still in the papers, for foreigners only. Projects not even on the table. Topping it all off, oil prices are ripping us to shreds.
Pain. I hate it when I call it. Pure and complete pain is the cry for many. I hate to see the depression on the people in this country. I look into people's eyes, I hear them on the phone, I see their fervour to the way they approach life. People, in once secure jobs, are on half week and some of them, 1/4 months. This, is the worst I have EVER seen the Bahamas and Bahamians- socially and emotionally and economically. And, I have gone through the 2001-2002 world recession made worse by the financial melt down in this country and the change in government. Have seen the "food shortage" scare shortly afterwards and numerous other oil scares! Have gone through a change in government in 1992 and seen the effect of "informal sanctions" on the PLP government before that.
Its bad, and, I am afraid to say, government is doing little about it- in fact, they are the ones blocking the way. A construction and contractors association official, said on issues of the day last week; "PM Ingraham has a choke hold on this economy"....damn. If he does not, then, my God, he in da way!
Maybe I am growing more libertarian, but, government should be clamped from economic production completely!

The economy can move b/c they still using the same blue print and expecting different result. Its the replication the same science experiment and expecting different results. Until some one has the fortitude to may radical and progressive changes in governement and the private sector we will stay going through this vicious cycle of economic dependency on the USA.

tell that to all the people driving around Nassau right now .. there is more traffic on the roads than there ever was .. EVER .. so either they put 151 in dey vehicles or dey mussee gettin $$ from somewhere .. and lets not talk about the Mall on a Saturday .. they selling so much product they could retire 10 fold :hammer:

PS. there are jobs all over Nassau, people just need to WANT to work, which is rare, and they need to leave any political views and other personal opinions at home. Granted many of them jobs are mediocre at best, but as the previous government said, they is still jobs.

tell that to all the people driving around Nassau right now .. there is more traffic on the roads than there ever was .. EVER .. so either they put 151 in dey vehicles or dey mussee gettin $$ from somewhere .. and lets not talk about the Mall on a Saturday .. they selling so much product they could retire 10 fold :hammer:

Bahamians are running up huge debt. They have NOT, as with Americans, curbed their consumption patterns. They simply don't get "conserve"....

Debt agencies are raking in dollars. So said a debt collector in this country to me just yesterday. She said, business, for her, could NOT be any better.

So, while folks are driving around all day, with gas at over $5.00, they are driving around at their own pain and expense. Trust me. And, they have to. If they have to work and eat. Saturday, is still a work day for many. And, still a "do ya business" day.

With that, with low job growth and diversification, people have to take on added task. Further making the issues much worse- talk about the lack of productivity. How can you expect a person, to take on added tasks, if they could have, if you don't hire the support to handle his or her former duties?

Something is not going to get done!

Bahamians are running up huge debt. They have NOT, as with Americans, curbed their consumption patterns. They simply don't get "conserve"....
Debt agencies are raking in dollars. So said a debt collector in this country to me just yesterday. She said, business, for her, could NOT be any better.
So, while folks are driving around all day, with gas at over $5.00, they are driving around at their own pain and expense. Trust me.

if they running up debt, then someone is lending them money. Cause the retailers are taking in more cash now than ever. Also, most of the drivers in Nassau are just going back and forth to work.

if they running up debt, then someone is lending them money. Cause the retailers are taking in more cash now than ever. Also, most of the drivers in Nassau are just going back and forth to work.

Bank procedures in this country, have been lax for quite some time now. People can get a loan in this country, without the proper checks and balances in place- we know this. Also, in house debt collection, is a key indicator- as with student loans and mortgages. You have heard about the defaulting student loans. Homes are in the papers, or, people are pulling strings. Its gotten so bad, that banks have refused to do it themselves. Credit cards are defaulting. We simply have not had the public disclosure of the economy, through the bank's eye's in quite some time. The banks here are commercial but private.

Bank procedures in this country, have been lax for quite some time now. People can get a loan in this country, without the proper checks and balances in place- we know this. Also, in house debt collection, is a key indicator- as with student loans and mortgages. You have heard about the defaulting student loans. Homes are in the papers, or, people are pulling strings. Its gotten so bad, that banks have refused to do it themselves. Credit cards are defaulting. We simply have not had the public disclosure of the economy, through the bank's eye's in quite some time. The banks here are commercial but private.

Banks arent giving out loans as easy as they were before, which yes was easy .. they used to give loans to just about everyone that wanted it .. with little to no concern whether or not they could pay it off .. not so easy today though, they seemed to have changed with the times, least some of them.

Banks arent giving out loans as easy as they were before, which yes was easy .. they used to give loans to just about everyone that wanted it .. with little to no concern whether or not they could pay it off .. not so easy today though, they seemed to have changed with the times, least some of them.

Nothing has changed that much. Do you see any regulation, since the one that was passed back in the late 90's in regards to loans and wage earnings?

Even that wasn't taken seriously. I know. Banks can't give out willy nilly loans now, because people haven't been paying off the loans they have now!

Nothing has changed that much. Do you see any regulation, since the one that was passed back in the late 90's in regards to loans and wage earnings?
Even that wasn't taken seriously. I know. Banks can't give out willy nilly loans now, because people haven't been paying off the loans they have now!

Maybe they are finally getting it .. if the person cant pay, and they take them to court, its still just as unlikely that they would be able to pay .. even more so after incurring any legal fees they might incur.

Cash only for SpamStopper, he doesnt even want no checks from anyone .. :hammer:

The economy can move b/c they still using the same blue print and expecting different result. Its the replication the same science experiment and expecting different results. Until some one has the fortitude to may radical and progressive changes in governement and the private sector we will stay going through this vicious cycle of economic dependency on the USA.

Absolutely true. All other emerging economies are booming, and we keep trying to do the same thing over and over. Innovation is what will cause the economy in the Bahamas to grow.

Maybe they are finally getting it .. if the person cant pay, and they take them to court, its still just as unlikely that they would be able to pay .. even more so after incurring any legal fees they might incur.
Cash only for SpamStopper, he doesnt even want no checks from anyone .. :hammer:

They could have once made it. If people who stood for a loan, or, could have taken on their reponsibilities, before the rise in food and oil, and, with an extra wage earner- like most families- they were doing just fine. In fact, THAT, was growth!

Now, nothing. No extra. And, the jobs folks once had, they are getting on 2-3 days work and pay.

Taking folks to court, costs us and the state, even more money. Marginally, but, to go through the process, of taking someone to court who already can't meet his obligations as he or she once could have, only puts us, on the whole, in more debt. What do you expect them to say and do?

I have never seen the devil so busy in this town like how I see now. Prayer and action will only solve this.

They could have once made it. If people who stood for a loan, or, could have taken on their reponsibilities, before the rise in food and oil, and, with an extra wage earner- like most families- they were doing just fine. In fact, THAT, was growth!
Now, nothing. No extra. And, the jobs folks once had, they are getting on 2-3 days work and pay.
Taking folks to court, costs us and the state, even more money. Marginally, but, to go through the process, of taking someone to court who already can't meet his obligations as he or she once could have, only puts us, on the whole, in more debt. What do you expect them to say and do?
I have never seen the devil so busy in this town like how I see now. Prayer and action will only solve this.

Personally da devil was active for SpamStopper several years ago, it all started in 2001 which is when everything around him came tumbling down (meaning the Bahamian Economy). Yet the banks still came after him. Several months after the repo they gave in and rearranged the loan, as it must have been clear to them that they could not sell the vehicle at that time due to the bad economy, and also that SpamStopper would have probably just claimed bankruptcy and be done with it and then they would not get a penny! :hammer:

The economy can move b/c they still using the same blue print and expecting different result. Its the replication the same science experiment and expecting different results. Until some one has the fortitude to may radical and progressive changes in governement and the private sector we will stay going through this vicious cycle of economic dependency on the USA.

Absolutely true. All other emerging economies are booming, and we keep trying to do the same thing over and over. Innovation is what will cause the economy in the Bahamas to grow.

We can't cut our noses off, to spite our face. Killing what we have, when that is putting food on the table, literally, and, without innovation to go with it, serves no one no good at all.

The issue is NOT with "starve em til they find a way to do better" it is with "open the door for all and sundry"....not "now they will listen since we shut off the tap" it is "now we have that working, we will work with this as well and that and that..etc"...

Bahamian lack of forethought, and our small minded petty little jealousies and insecurities, is what's killing us- that is why we have no innovation, and, the foreigner has to come and hog it all up under our own sun. But, that, we can take. It's the lack of follow through and true thought, before we start a course of action! Dang...I sound like Freddie Munnings!
:taped2:

Darn it. I mean, if nothing is in the place now. And, you turn off the tap to the little bit of water we had. What do you expect for people to drink? How do you expect to even make mud pies?

Dear God. The Bahamas has just gone mad!
:taped2:

Personally da devil was active for SpamStopper several years ago, it all started in 2001 which is when everything around him came tumbling down (meaning the Bahamian Economy). Yet the banks still came after him. Several months after the repo they gave in and rearranged the loan, as it must have been clear to them that they could not sell the vehicle at that time due to the bad economy, and also that SpamStopper would have probably just claimed bankruptcy and be done with it and then they would not get a penny! :hammer:
I hear ya Spammy. I went through that same world crisis. I saw a total melt down in this country, brought on by 9-11 and the US election cycle- made worse by the financial services fiasco in the Bahamas. But, an election cycle is managable. We can't on the other hand, shoot ourselves in the foot, while someone is aiming for our heads.

That being said, PM Ingraham and the FNM needs to open up this country for FDI, and quit putting investors off. That is not just with tourism, as with Bahamar. But, let people see that you are open, to them wanting to try other riskier things.

If we can't get a tourism project right, and, one stupid little kangaroo election caused such a stir- then, my God, what do you expect for other people with other riskier and labour intensive investments to do?

They [investors] are NOT coming here. With that, all of this arbitrary change and persecution of half of this country, firing people left right and centre, and God knows what ever else, and God knows how many other folks stiffled, is killing this economy further.

That is the God's honest truth.

Well,
I see it. This economy, is at a complete stand still. At the wrongest time EVER. We need to encourage a bubble.
No jobs. No FDI. No developments. Businesses are leaving- Bacardi and RBC. Nothing good going on. I mean, not even anything new- financial products and or science. Nadda! Don't even talk about the expansion of services jobs, which Bahamians need and thrive on. Not just from tourism!
Its a bad ride. Not really all to do with subprime- it is a good excuse for governments to use worldwide. But, in the Bahamas, is has to do with the stop and review. Also, it has to do with the lack of FDI incoming- which many feel, folks are put off by this arbitrary economy model, the FNM ran their campaign on. I mean, you put fear in people, and, they do in fact show fear. Enough fear to not want to spend their money here.. Also, of course, it is tied into jobs- services; from engineering, construction, soft services and managerial services and other little bits and pieces, which work towards growing and managing the growth and bustle!
This economy is at a complete and utter stand still. Prices are rising. Immigration still coming in- which means more people to take care of. Jobs are still in the papers, for foreigners only. Projects not even on the table. Topping it all off, oil prices are ripping us to shreds.
Pain. I hate it when I call it. Pure and complete pain is the cry for many. I hate to see the depression on the people in this country. I look into people's eyes, I hear them on the phone, I see their fervour to the way they approach life. People, in once secure jobs, are on half week and some of them, 1/4 months. This, is the worst I have EVER seen the Bahamas and Bahamians- socially and emotionally and economically. And, I have gone through the 2001-2002 world recession made worse by the financial melt down in this country and the change in government. Have seen the "food shortage" scare shortly afterwards and numerous other oil scares! Have gone through a change in government in 1992 and seen the effect of "informal sanctions" on the PLP government before that.
Its bad, and, I am afraid to say, government is doing little about it- in fact, they are the ones blocking the way. A construction and contractors association official, said on issues of the day last week; "PM Ingraham has a choke hold on this economy"....damn. If he does not, then, my God, he in da way!
Maybe I am growing more libertarian, but, government should be clamped from economic production completely!They are doing something about it...They go into parliament and laugh all the way to the bank...They don't know what problem you are talking about because they only buy things if they want to....Can't you see that everytime a govt gets kicked out of office, that's when the members start talking about the high cost of living and other things???

Laing said that he gave the importers of the Mona Vie a tax break (by the way an item that most of us only heard about after this issue was raised in the HOA).

The govt has not built 1 house since taking office but they have been repairing those badly built houses under the former govt..

And the biggest thing that they have done so far is rescue this economy from PLP corruption!!

The ministers go to work everyday and what I like about when parliament meets is when they say that they will start at a particular time you could set your clock by it!!!