Comments on: Column: “Encourage Investment & Job Creation”

By: Spit Bouy

Spit Bouy — Mon, 25 Jan 2016 01:00:32 +0000

@ clearas…

GDP was climbing at breakneck speed under the UBP well before the PLP came to power in 98, the PLP just reaped the rewards of an already booming economy. It certainly didn’t jump start because of PLP initiatives; far from it. However due to the PLP’s poor policies we saw a loss of jobs never before experienced in Bermuda. That and a crippling debt that is not going nowhere fast.

Coupled with the present Governments near paralysis on really reducing the cost of running the Government means we are in for a long and bumpy ride. I’m a constituent of 13 and will not be voting for Mr. Rabain no matter what he & the PLP claim they are going to do if elected. Past experience of their brand of Government is not easily forgotten.

By: hmmm

hmmm — Fri, 22 Jan 2016 22:04:28 +0000

Probably thinks he has won this one already, that’s why he gave up the senator role.

Tell him who is in charge by not voting for him.

By: lowe

lowe — Fri, 22 Jan 2016 21:48:03 +0000

But what’s the OBA’s plan? I haven’t seen one either….

By: I heart 441

I heart 441 — Fri, 22 Jan 2016 20:13:33 +0000

You make a few great eye opener points! So great they kinda sway me to vote for OBA in the next election and this will be my first time voting ever.

By: hmmm

hmmm — Fri, 22 Jan 2016 19:35:41 +0000

How many Bermudians did his business hire this year?

By: Build a Better Bermuda

Build a Better Bermuda — Fri, 22 Jan 2016 18:19:12 +0000

What was the leading cause of our GDP increase… IB. And all that was done during a time of global economic growth, unparalleled. It would take complete idiots to screw up in those conditions. The environment that created that growth in Bermuda did not start in 1998, it began decades before and the PLP were there to ride its crest. But as that ride came to an end, the PLP became even more nationalistic in the policy approach, protectionist, and the result born a hostile policy making to IB environment that saw thousand of jobs leave… not made redundant, but sent to other more welcoming shores. And now we are on the back foot trying to get them back. Reputation takes a lifetime to build, and a minute to destroy… so if it took 60 – 80+ years to build our reputation as a welcoming and secure environment for IB to flourish and a mere 5 – 9 years to shatter that security, how long do you think it will take to get that sense in the IB back? The only way for a government create jobs themselves is to employ people, and we know that our government cannot do that, the PLP tried that and it created an unsustainable financial situation for a country our size.
Back in 2012 election fever, I knew and commented about the OBA optimistic 2000 bluster, but I also remember that it was tempered by OBA members like Minister Richards saying that it would not be immediate, it would not be right away, that Bermuda was in bad shape and that if the OBA was not elected, it was going to take years to turn us back around. So mislead is a strong word to use when they promised the creation of 2000 jobs when elected (whether you want to quibble of it being them creating those jobs directly or them taking government action to stimulate the job market to generate those jobs is a completely pointless semantic arguement), optimistic fits better. But if you want an example of electioneering political misleading, try the PLP $200m fishing industry they plan to create; the reason I employ misleading there is that they know such an industry is impossible here as they had a report developed for them that concluded that.

By: Bermyman

Bermyman — Fri, 22 Jan 2016 17:48:14 +0000

Who is the largest single employer on the Island?

Why did Bermuda’s GDP double? Hint: has a lot to do with 5,000 foreigners coming to live on our Island.

Why did the Government workforce grow exponentially while our GDP was growing under the PLP and more Foreigners were working here. Then think about how the PLP actually plan to recreate those conditions but with less foreign workers this time around? After all Bermudians first right!

By: clearasmud

clearasmud — Fri, 22 Jan 2016 16:49:08 +0000

Given that the GDP was doubled under the PLP and given that more work permits were issued under the PLP then ever before it appears that you too are offering only a “great sound bite”. If you believe that no government can create jobs then if follows that you believe that the present government were not being “far too optimistic when they promised 2000 of them”, but were actually misleading the public. Governments can and do create jobs but they are not usually the primary creator of jobs. That would be the private sector.

By: Vixen Star

Vixen Star — Fri, 22 Jan 2016 16:43:53 +0000

He’s not a Senator anymore…..had to resign subject to being an election candidate.

By: Onion

Onion — Fri, 22 Jan 2016 16:43:32 +0000

Once again an opinion filled with empty platitudes, no workable specifics, and denial of the basic reality.

The economy is objectively in recovery and has growing. This isn’t a matter of opinion, it is a fact reflected in the data. It is entirely normal for the recovery take time to add jobs but they will come.

By: steve

steve — Fri, 22 Jan 2016 16:35:28 +0000

The PLP motto- “Down with up”

By: Sarcastaball

Sarcastaball — Fri, 22 Jan 2016 16:33:43 +0000

Thanks for being real specific on how to reform Financial Assistance, encourage investment and job creation. The only thing we really learn from this column is that there’s a lady in C13 who needs a jawb…like the rest of us. Tell me something I didn’t know.

By: Starting Point

Starting Point — Fri, 22 Jan 2016 15:43:06 +0000

The PLP are like Donald Trump:

I will build a wall…..no plan
I will make America Great again….no plan
I will make great deals…..no plan
Etc, etc.

we will create conditions that encourage investment and job creation … No plan
we will diversify the economy…No plan
etc. etc.

LOL perhaps Trump should be invited to keynote the next PLP banquet.

By: Family Man

Family Man — Fri, 22 Jan 2016 15:15:19 +0000

“create conditions that encourage investment and job creation …”

Does this mean the plp have given up on term limits, and now support giving tax breaks to new investors?

They keep talking out of both sides of their mouth I don’t know where they stand. They’re for the protection of Bermuda’s marine environment then they support sea bed mining and long line fishing, they want new investments and new investors but not foreigners …

By: Build a Better Bermuda

Build a Better Bermuda — Fri, 22 Jan 2016 14:52:48 +0000

There really isn’t much he said that makes any real sense… oh, it is a great sound bite, but it lack any real substance. First he critizes the government for not creating jobs; an easy target, and popular as they far too optimistically promised 2000 of them. But dig deeper and you realize, the government (OBA or PLP) doesn’t really have the power to create jobs, the only thing they can really do is try and create an environment where business want to come and bring jobs. Course this doesn’t mean that jobs manifest themselves right away, when the OBA took over 3 years ago, this country was haemorrhaging jobs at a fatal rate, that no one could have stopped right away. The core cause of this decline was a political policy and attitude environment that was unfriendly to job creation, and leaders unwilling to actually do what was needed as they were more concerned with looking like they were doing something that looked like it was putting Bermudians first, when instead is what putting Bermudians out of work. What I have seen from the PLP in the last 3 years, and with this electioneering statement from Mr. Rabain, shows that they haven’t changed from this failed attitude. They are back to pushing this pleasurable thought process that if in power they will return to spending huge amounts on social programs, that would result in a return to the unsustainable borrowing practices that put us in this mess to begin with.
Mr. Rabain talks about the PLP making it easier for Bermudians to start their own businesses, but fails to note that the OBA has already been doing that. The OBA has been more aggressive in promoting and aiding local entrepenuers than the PLP ever were in government. Where the PLP would fail again is that whatever they may try and do to make it easier for startups, the simple fact is that no local business can survive unless we have a strong and thriving International Business community, a community that still has a bad taste in its mouth from the last PLP administration. Which brings us back to current PLP who haven’t shown any inclination that they have changed, for the PLP it is still the same ‘Bermudians first’ thought that put so many Bermudians out of work and lead to the loss of not just Bermudians’ jobs, but 3 – 4 times that in foreign jobs. A stark reminder that, without those foreign jobs, it is almost impossible to have Bermudian jobs, a thought that at least the OBA acknowledges even if doesn’t sound good.

By: serengeti

serengeti — Fri, 22 Jan 2016 14:41:39 +0000

“….we must eliminate government red tape, further enabling people like my constituent to start their own businesses, employ themselves and with hard work and sacrifice, employ others.”

And yet they want to impose a minimum wage. How do those things go together?

By: hmmm

hmmm — Fri, 22 Jan 2016 14:40:57 +0000

I’m curious, what did this lady re-tool in, and what did she do before being unemployed.

By: SMH

SMH — Fri, 22 Jan 2016 14:32:03 +0000

I applaud Senator Rabain’s call for a comprehensive Financial Assistance Reform HOWEVER giving handouts to get votes is the easy part, please outline where the $ is going to come from to finance this initiative…from additional debt? from cutting civil servant jobs? Let’s keep it real here people buying votes with lip service is so passé

By: San George

San George — Fri, 22 Jan 2016 14:08:58 +0000

Our inspiring leader has suggested farming if you are unable to find work. If that is his national plan we are in deep manure.