Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

by rawemotions Mon Nov 25, 2013 1:28 am

These kind of policies, allegedly taken keeping political advantages in mind, will ruin the nation.

http://economictimes.indiatimes.com/news/economy/policy/nrega-wages-to-shoot-up-ahead-of-polls-upa-looks-to-reap-rich-gains/articleshow/26328703.cms

They are rejecting what their own panel suggested, and are ignoring the criteria of CPI (Rural) inflation. Either they don't trust their own statistics OR injecting political advantages as an end goal for government policies. They did this during 2008-09. Now emboldened they are becoming quite blatant.

Some of the items suggested, like increasing MNREGA doles every 5 years is not sound economics. MNREGA essentially sets minimum wages for the country. If you start increasing MNREGA wages every 5 years and that too for political considerations, India will enter into a Hyper Inflation Period for a long period of time. Minimum wages should be increased after lot of discussion. Autocratic Congress does not seem to care.

There is no discussion about revenues to fund these programs. Worse it is being done strategically just before elections so that people do not feel the inflationary effect of a large increase in government funded dole.

At this rate Rs100 to a Dollar is NOT far off, unless there is a massive infusion of Dollars into the economy.

I hope Harharamahadev /Desichatter comments on the long term outlook for Indian Currency.

by Merlot Daruwala Mon Nov 25, 2013 1:41 am

Very true. The NDA on the other hand, always took economic decisions with absolutely no concern for the political fallout. See how bravely they dismantled all the wasteful subsidies around food, fertilizer or oil. Far from protesting, the farmers rejoiced at the onset of the free market and voted for the BJP in ever larger numbers. On their watch, we enjoyed highly equitable, inflation-less growth, a trade surplus, a fiscal surplus and best of all, the strong rupee was the pride of the nation.

Not coincidentally, it was also that golden period in India's history when the Pakistanis unilaterally withdrew from the LAC after India's best PM, Atal Behari Vajpayee hugged Musharraf and recited poetry to him, shaming him into unilaterally pulling back those terrorists who were trying to sneak into Kargil. Or the time when the Iron Man of India and his equally strong Home Minister foiled that dastardly hijacking attempt on IC814 by getting commandoes to storm the plane while it was refueling in Amritsar, killing all the terrorists on board.

Bring back those wonderful years. Vote for our ~~Supreme Leader~~ God. Toilet wahin banayenge. Jai Shri Ram.

by rawemotions Mon Nov 25, 2013 2:05 am

Merlot Daruwala wrote: Or the time when the Iron Man of India and his equally strong Home Minister foiled that dastardly hijacking attempt on IC814 by getting commandoes to storm the plane while it was refueling in Amritsar, killing all the terrorists on board.
>> Congress was also involved in asking the Indian government to go and make the >>exchange and get back the hostages. You need to ask your party folks why they supported >>that then and are finding fault with it now.

by Merlot Daruwala Mon Nov 25, 2013 2:15 am

rawemotions wrote:
Merlot Daruwala wrote: Or the time when the Iron Man of India and his equally strong Home Minister foiled that dastardly hijacking attempt on IC814 by getting commandoes to storm the plane while it was refueling in Amritsar, killing all the terrorists on board.
>> Congress was also involved in asking the Indian government to go and make the >>exchange and get back the hostages. You need to ask your party folks why they supported >>that then and are finding fault with it now.

Exchange? What exchange? The NDA never negotiated with terrorists. That would be something only the limpwristed, spineless CONgoons would do, never the manly men who led the NDA.

The IC-814 hijackers were summarily executed on the Amritsar runway and that's the truth. Only a sickular, fukular CONgoon would disagree with this and attempt to rewrite history and belittle the NDA's fantastic record in power.

by rawemotions Mon Nov 25, 2013 2:17 am

Merlot Daruwala wrote:Very true. The NDA on the other hand, always took economic decisions with absolutely no concern for the political fallout. See how bravely they dismantled all the wasteful subsidies around food, fertilizer or oil. Far from protesting, the farmers rejoiced at the onset of the free market and voted for the BJP in ever larger numbers. On their watch, we enjoyed highly equitable, inflation-less growth, a trade surplus, a fiscal surplus and best of all, the strong rupee was the pride of the nation.

>>How does it matter what happened in the past? Congress governments in the past 40 years >>excluding the last 10 were even worse. That does not absolve the current UPA-1 and UPA-2 of >>its sins, those that it committed and those it is planning to . It is the government in >>power so it will be criticized more.

>>Congress is playing with the economy as if it is a toy. NDA came up with a fiscal >>responsibility bill and Congress just ignores those limits and are giving doles without >>figuring out the revenue aspect. For Congress it seems power at any cost (Short term gains) >>ignoring long term consequences. Earlier it was national security (giving free citizenship to illegal Bangladeshi Muslims with a non-secular world view) as seen in Assam. Now it is economy. God knows what else Congress will play with in the future. When we have a party president (who does not take questions OR gives any extempore speech) who runs the show with the help of folks who do not want accountability, overruling government mandarins, this is bound to happen.

by rawemotions Mon Nov 25, 2013 2:34 am

Merlot Daruwala wrote:
rawemotions wrote:
Merlot Daruwala wrote: Or the time when the Iron Man of India and his equally strong Home Minister foiled that dastardly hijacking attempt on IC814 by getting commandoes to storm the plane while it was refueling in Amritsar, killing all the terrorists on board.
>> Congress was also involved in asking the Indian government to go and make the >>exchange and get back the hostages. You need to ask your party folks why they supported >>that then and are finding fault with it now.

Exchange? What exchange? The NDA never negotiated with terrorists. That would be something only the limpwristed, spineless CONgoons would do, never the manly men who led the NDA.

The IC-814 hijackers were summarily executed on the Amritsar runway and that's the truth. Only a sickular, fukular CONgoon would disagree with this and attempt to rewrite history and belittle the NDA's fantastic record in power.

I pity you, for not being able to defend Congress party's mistakes. You do not have to go on a pathetic meaningless rant to cover it up!

What did you think ? That people will forget the Games Congress party played ? Side with the hostage families when they were beseeching government to go and rescue them, and later play games by blaming the government for responding to their request.

Leave that aside. What did Congress do later ? As soon as it came to power in 2005, it removed the compulsory enquiry in India, for Pakistan connected American citizens applying for Visas at Indian consulates in US. Allegedly, Dawood Gilani got Visas without any sort of enquiry back home in India, and Mumbai attacks happened.

Despite all this they are talking about Visa Free travel between India and the enemy, a pariah of the world and Political Islamist country that runs International Terror Institutes for the entire world. How stupid is that ? What I see is a dynastic party which does not learn from the past, nor has the wisdom to plan for the future. Just power at any cost.

by Merlot Daruwala Mon Nov 25, 2013 3:02 am

rawemotions wrote:
Merlot Daruwala wrote:
rawemotions wrote:
Merlot Daruwala wrote: Or the time when the Iron Man of India and his equally strong Home Minister foiled that dastardly hijacking attempt on IC814 by getting commandoes to storm the plane while it was refueling in Amritsar, killing all the terrorists on board.
>> Congress was also involved in asking the Indian government to go and make the >>exchange and get back the hostages. You need to ask your party folks why they supported >>that then and are finding fault with it now.

Exchange? What exchange? The NDA never negotiated with terrorists. That would be something only the limpwristed, spineless CONgoons would do, never the manly men who led the NDA.

The IC-814 hijackers were summarily executed on the Amritsar runway and that's the truth. Only a sickular, fukular CONgoon would disagree with this and attempt to rewrite history and belittle the NDA's fantastic record in power.
I pity you, for not being able to defend Congress party's mistakes. You do not have to go on a pathetic meaningless rant to cover it up!

What did you think ? That people will forget the Games Congress party played ? Side with the hostage families when they were beseeching government to go and rescue them, and later play games by blaming the government for responding to their request.

Leave that aside. What did Congress do later ? As soon as it came to power in 2005, it removed the compulsory enquiry in India, for Pakistan connected American citizens applying for Visas at Indian consulates in US. Allegedly, Dawood Gilani got Visas without any sort of enquiry back home in India, and Mumbai attacks happened.

Despite all this they are talking about Visa Free travel between India and the enemy, a pariah of the world and Political Islamist country that runs International Terror Institutes for the entire world. How stupid is that ? What I see is a dynastic party which does not learn from the past, nor has the wisdom to plan for the future. Just power at any cost.

Dear sir, stop obsessing about the CONgoons and their past chicarnery. They are irrelevant. Let us instead celebrate the economic wisdom and the heroism of the men who led the NDA and their present-day heir, that manly man who will usher in another glorious era when India's economy will finally blossom, the Indian society will flower (notwithstanding those Muslim thorns) and the nation will play out its rightful destiny as the next superpower. Bring back the BJP. The Rupee will be back to Rs 15 to a Dollar. Inflation will vanish and growth will rebound to double-digts. Best of all, those Pakis and their proxies in India will cower in fear.

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Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

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Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India

Re: Congress Conducts economic policies with Politics in Mind - Potential for Hyper Inflation in India