Anchor Investment’s Highly Disturbing Verdict
By Shadow Finance Minister ET Bob Richards, December 16, 2012
Anchor Investment Management’s warning Friday that Bermuda faces a “debt crisis” stands as one more reason Bermudians should vote for change.
The Government’s massive debt – now $1.45 billion and growing – continues to drain strength from the economy and its ability to help people in need. Monday’s election is the opportunity for people to say this is not good enough and that they want change for jobs and security, and a more responsible approach to the debt situation.
The fact that the Government has been completely silent on this very serious issue tells us that they offer Bermuda nothing but more of the same – and more of the same is clearly not working for the thousands unemployed, not to mention the financial and economic analysts who are looking at the numbers.
The fact that Anchor grades Bermuda, because of its debt, as next in line to the PIIGS countries – Portugal, Ireland, Italy, Greece and Spain – reflects the real world seriousness of our situation.
The debt problems those countries are trying to deal with are horrific. The difference between them and us, though, is that they have a safety net. For them, there is the possibility of a European Central Bank bailout.
We have nothing.
Government Has No Plan To Grow Jobs
By E.T. (Bob) Richards, Shadow Finance Minister, December 13, 2012
The PLP platform, released last week, has no plan to grow jobs.
Simply promising that the Government will grow “thousands of jobs”, as the Premier said, is not a plan.
The bitter reality in Bermuda today is that people are living the Government plan – with more than 10,000 Bermudians either unemployed or under-employed and nearly 40% of our young people (16-24) without a job.
By contrast, the One Bermuda Alliance has released a comprehensive Jobs and Economic Turnaround Plan to create 2,000 jobs and restore confidence and opportunity to our troubled economy.
The Plan was introduced to answer the number one concern of Bermudians today, which is an economy that is no longer working for them, and to underline our commitment to ending the hardships so many are experiencing.
The OBA decided to issue this statement because the Government needs to be challenged on the gap between their rhetoric and reality.
For example, in her platform roll-out statement, the Premier said her Government had “already demonstrated sound fiscal management and that “we know how to manage budgets in a prudent pre-growth manner.”
But is that true?
On Last Night’s Political Rally
By R. Wayne Scott, One Bermuda Alliance candidate, Constituency 27, Warwick North Central, December 12, 2012
Tuesday night’s rally at T.N. Tatem School was a telling reflection of the Government’s election campaign to date – an endless stream of negative attacks aimed at the One Bermuda Alliance saying absolutely nothing to the people of Bermuda about the problems they face.
There were nearly a dozen speakers and yet nothing was reportedly said about growing jobs, making neighbourhoods safe again, reducing Government’s massive debt, reforming education or turning around the economy.
If the Government spent just half the time on the problems of the people that it has spent attacking the OBA, people might have a better idea of what it’s for in this election. But the rally showed a Government thinking more about itself than the people, with no mention of the future, no discussion of ideas and no solutions; making it more clear than ever that this election is about more of the same with the Government or change with the OBA.
I was canvassing in a neighbourhood with the sounds of the rally coming across, talking with out-of-work residents who felt they’d been abandoned, with no one listening to them and everyone wondering about how they were going to find work again. The disconnect between the Government and the people is deep.
The OBA has put forward a comprehensive Jobs and Economic Turnaround Plan to grow 2,000 jobs for Bermudians. We have put forward plans for safe neighbourhoods, great schools and making Bermuda more affordable.
It’s about jobs, jobs and more jobs, for a society based on economic and social equity, leaving no one behind.
Let’s end the negative politics. Let’s use this election to move forward together. It’s time for change.
More OBA Solutions
A Statement from the One Bermuda Alliance, 11 December 2012
Click here to view the PDF
The One Bermuda Alliance has released ‘More OBA Solutions’, the final segment of our plans for a better Bermuda. It is attached to this press release and can also be found on our website, www.oba.bm by clicking the menu button ‘Our Plans’.
‘More OBA Solutions’ includes plans to help seniors, strengthen public health, support young Bermudians, protect the environment and build a new system of governance to give people greater say in the business of the country – such as fixed-term elections and the right to recall MPs.
OBA plans already published in the course of this election campaign include a 30-point Mini-Platform – The Change Bermuda Needs – which addresses the need grow the economy and create jobs, lower the cost of living, strengthen neighbourhood safety and expand educational opportunity, such as starting technical training in our middle schools.
The OBA also published an East End Recovery Plan based on St. George’s need for a new partner to end years of Government neglect and indifference, which has cost people so much in terms of job and business losses and public safety.