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Badawi proved his mathematical genius earlier, though he had admitted he failed his Spastics paper, on the crime index, and Samy Vellu excelled in Maths when he said Indians are in upward mobility or improving in their economical and social status. The first is our Finance Minister and he is to look after the country’s finance, the second a Works Minister who should be able to read blueprints that contain figures. Admittedly, his lack of knowledge in this could have possibly brought about so many collapses and leakages in our public buildings and facilities and don’t forget the unseen hand of God which Samy often refers to. Good, there is a reason here, God limited his knowledge of Arithmetic, and so in a way, Samy is correct. You can read the links below to verify my statement.

But now, Nor Mohamed Yakob the second finance minister throws in this bombshell. He admits his inability to count. Those in the know that he is the genius behind the governance of the countrys’ economy. He is aptly named as the rogue speculator under Mahathir and why is he still is allowed to overlord the country’s economy is anybodys guess. But he claims Malaysians are better off now than compared to 4 years ago. What fools. Please read on.

February 10, 2008

Your per capita income up 40%, now at RM22,345?



5:37pm, February 9. I immediately connected with Tony Pua, DAP Sec-Gen’s Economic Advisor, moments after the Star SMS Alert reached me.

Bank Negara’s rogue forex speculator, now Second Finance Minister, Nor Mohamed Yakcop was quoted as saying in Penang that Malaysia’s per capita income rose by 40% in 2007 compared with 2004.

He said that per capita income was now RM22,345 compared with RM15,819 previously.

In other words, Nor Mohamed was implying that Malaysians from all walks of life are better off now than four years ago, when Abdullah took over from Mahathir.

Tony has this response:

Nor Mohamed Yakcop must either be completely out of his mind, or can no longer perform simple Mathematics or worse, attempting to insult the intelligence of ordinary Malaysians.Malaysia’s Gross Domestic Product (GDP) grew by 5.0%, 5.9% and an estimated 6.0% in 2005, 2006 and 2007 respectively according to the Government’s official statistics. (Source available here)

Based on the above growth rates over the past 3 years, Malaysia’s GDP grew by approximately 17.9% from 2004 to 2007.

Income or GDP per capita is calculated by dividing the GDP with the total population. Therefore, it is completely inconceivable that our per capita income increased by 40% when our GDP grew by only 17.9%. Unless of course, the honourable Minister believes that our population shrunk by some 16%!

To achieve 40% growth, Malaysia must be growing in excess of 12% per annum. Hence, to grow by 40% over 3 years, with a population growing at just under 2% per annum, that will actually make Malaysia the fastest growing economy in Asia, outstripping even China and India.

The Second Finance Minister should refrain from getting intoxicated by the general election fever, in the attempts to paint a heavenly picture of the Malaysian economy. He must instead make an official public apology for his outrageous claims.

When Mr Maidin leaves, Nor Mohamed can claim the seat at MoI, quota or no quota.


One Comment

  1. Grin a malaysian politics site! Well im from Singapore and have to note that your politicians are really politicians. Ours are managers!

    Anyway have a great day!

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