(Speech at the DAP Public Ceramah/Consultation held at Dewan Sri Mentaloon, Residen Rasmi Menteri Besar Kedah on Wednesday, 11th June 2008)
The Abdullah government would have fallen because of the 41% to 63% unconscionable and brutal oil price hikes if he is in South Korea, which saw the new South Korean President’s popularity plunging in less than four months from a presidential victory with the biggest margin in the nation’s history to a support rate of under 20 per cent and his entire Cabinet offering to resign – after a month of mammoth demonstrations against the planned resumption of US beef imports.
Malaysians are still puzzled as to the reckless and sudden manner in which the Prime Minister, Datuk Seri Abdullah Ahmad Badawi announced the unconscionably brutal petrol and diesel price hikes, after a Cabinet Minister had given the assurance that no oil price increases were on the cards until August.
The failure to announce a holistic package of mitigation measures to cushion the most vulnerable sectors from the sharp impact of the drastic oil price increases until five days later strengthened the impression that the decision was driven more by political than economic considerations. MORE…
