Abdullah was forced to step down by his failure to underatnd the needs of the people

Abdullah was forced to step down by the ECONOMY!
SINGAPORE (AP) -- Oil prices plummeted to a one-year low below $83 a barrel Friday in Asia, as investor fears of a severe global economic downturn sparked a panicked sell-off of equities and crude.

Now that the oil prices have dropped from the peak price of $147 to only $83 per barrel, what is going to happen to the pumps' prices in Malaysia? What would happen to the economy of the country and how would it affects the lives of the Malaysian.

The Abdullah government has on 4th of June raised the pump prices of petrol and diesel by 78sen and RM 1 respectively when the international price of oil was at $ 105. The outcries by the general public and the peaceful demonstrations held against the said price hike fell on deaf ears of the BN, Police were asked not to issue permit to the rally organized by either the DAP or other opposition parties or even the NGOs.

Abdullah mistakenly believed that the mistake he made in raising the pump prices could be "un-done" by different measures such as the rebate to motor vehicles and the monthly price adjustment mechanism and even urged the Malaysian to install a fuel-saving gadget on their vehicles. But he did not take into account the inflation spiral that comes with the fuel prices hike. Malaysia recorded the highest inflation rate in 25 years in August and September, and that was something that we feared would happened.

The BN government treats the people like fool and thought that we are ignorant of the fact that the high oil price in the international market actually brought windfall to Malaysia as we are a net exporter of oil. Petronas profit hit the ceiling and in the 2007-2008 financial year, Petronas profit before taxation was some RM 80 billion or RM 80,000,000,000.00. That is a figure that most people can't even comprehend and know how to count. I would say if we can circle the whole world in Ringgit notes with left over!

Abdullah gambled and failed and now he is forced to hand over his power to Najib before the pre-arranged 2010 time table. He would be remembered as the PM who fails to achieve anything while he has the power to do so. He would not be so unpopular if not for the economy conditions of the country. He is the hated by most Malaysian for the failed economy of the country and the high fuels and foods' prices.

He fails to
1)abolish the ISA,
2)rid the corruption of the BN,
3)brings about judicial reforms,
4)increases Malaysian incomes
5)reforms the country's economic policies(NEP)
6)understands the needs and aspiration of Malaysian.

However, it is worrisome for most Malaysian that Najib would succeed him in March 2009 as Najib is seen as someone who would resorts to all means to achieve his dream as the PM. He is ruthless as can been seen from the Abdullah's experience and he has been linked by the RPK as the one who was connected to the Mongolian’s case. He is inexperience in economy matters and he is now taking over the divided and weakened UMNO and ANWAR is waiting in-line as well for the next PM-ship of the country.

David Wong
10-10-2008