Thursday, November 28, 2013

Whoever wins the elections, we the people lose.

The Congress is infuriated with Hong Kong based securities house, CLSA Asia-Pacific Markets for predicting a victory for the BJP with Narendra Modi as their Prime Ministerial candidate. They say that the BJP will win a total of 202 seats in all of India and have given a breakdown of how many seats the BJP will win in each state. Should the BJP win that many seats other political gangs, which are abusing the BJP as a Hindu party so as to get " minority " votes, will come wagging their tails to be included in government. We know that contrary to what they swear on their mothers politicians in India are not in it to serve their country but to multiply their wealth several fold. The Congress is especially desperate because a defeat not only means the end of trillion rupee scams but they seem to be genuinely afraid of Modi. He is unmarried, has no children and is not known to possess accounts in foreign banks. What if he decides to go after their crimes? Despite their control of the CBI and other agencies how do they control him? So they have decided to use any amount of taxpayer money to bribe voters, never mind if the fiscal deficit balloons to 6,7 or even 10% of the GDP. They are devising new social schemes everyday. Not content with a recommendation of increasing NREGA handouts in line with the rural CPI they have asked the committee to increase it even further. Apparent cost Rs 330 billion. Trouble is that people get used to bribes and demand even more. So now they are planning to waste Rs 750 billion on assisting business start-ups in rural areas. Sugar mills in UP will be provided with interest free bank loans so that they pay farmers a price higher than the market rate. Road construction companies will have their contracts restructured so that they have to pay less premium, although why anyone should pay a premium for constructing roads is not explained.  However, what the Congress absolutely cannot afford is a ratings downgrade before the elections because of a rising deficit. But what spending to cut without losing votes? They have decided to cut education spending. Probably because children do not vote. This when our manufacturers are unable to find trained manpower to run their machines. The country is slowly going bankrupt. Whoever wins, we lose.

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