Saturday, December 14, 2013

Should have listened to Mom.

As we grow up our mothers teach us not to lie or steal, to respect others and serve the country. Sadly, Congress fellows forgot their own mothers to prostrate themselves to a foreign woman with such abject servility that they have sickened the entire nation as the recent humiliation in state elections have proved. So servile are they that no one dared to tell her that opinion polls predicted a rout. " We were nervous meeting her....jostling like school children....no one wanted to talk first," confessed a Congress General Secretary. Shades of North Korea? To divert attention from the Commonwealth Games scam before elections in 2009, which brought such international shame on India, the Congress refused a Joint Parliamentary Committee investigation on the 2G scam. The opposition fell into the trap and the entire abuse was concentrated on the DMK. Now the DMK is refusing to ally with the Congress for the coming Lok Sabha elections. DMK heir apparent, MK Stalin has described the Congress as " untouchable ". Oh dear. To bribe the electorate the Congress resorted to massive spending on diverse handouts. This resulted in inflation but the RBI kept interest rates low until CPI went into double digits. As late as last October, even as people were being crushed by rising prices, slashing demand, our most revered Finance Minister was pressuring the RBI to reduce interest rates. Echoing Tagore he said that he would walk alone if need be. Returns on savings became negative as the rate of inflation was higher than interest offered on term deposits by banks. To protect their money people started to buy gold but that increased the Current Account Deficit and the threat of credit downgrade loomed ominously. To make it unprofitable the government increased tax on gold to 10% and on jewellery to 15%. Smugglers were ecstatic. Gold imports of surrounding countries have boomed and their CAD are becoming uncomfortable. Sri Lanka imported $110 million worth of gold in the first 4 months of this year compared to $150 million in the whole of last year and gold import of Pakistan has shot up to 3,265 kg in the first 2 months of this year compared to 347 kg last year. So desperate is the Congress that it is looking to overturn the Supreme Court verdict criminalising homosexuality. There go the minority votes that the Congress persecuted Hindus for. They should have listened to their birth mothers.

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