Saturday, February 28, 2009
Sadly for India our freeloading journalists never write the truth. They just repeat whatever garbage they are fed by politicians and kleptocrats like parrots without scepticism or enquiry. It was obvious that India was in the midst of a gigantic bubble waiting to burst with Sensex at 21000 and house prices doubling in one year. The bubble was used to massively increase indirect taxes across the board. We even have to pay service tax on our accountant's charges to file our tax returns which means paying sevice tax to pay income tax, an abomination which probably does not exist anywhere else. All this extra loot allowed the kleptocrats to give themselves huge salary increases and will increase the rate of bribes they charge. Well, lies and theft will out. The Sensex is down to 8892. Growth has fallen from 9% to 5.3% in the last quarter and the rupee has fallen to 50.39 to the dollar from 39. Headlines say that inflation has fallen to 3.4% but read on and right at the end you find that food inflation is 8.6%. 230 million are undernourished, 50% of deaths in children due to malnutrition. 43% of children under 5 years are underweight, greater than sub saharan africa at 28%. And so it goes on and on. So what are the looters doing for the aam aadmi? Five luxury aircrafts for ministers at Rs. 9.5 billion, salary increases upto 60% for kleptocrats and a proposal to allow ministers to take friends and relatives in airlines at tax payers' expense. India is being slowly murdered. No sharam, no izzat.
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