TTF: Lim Guan Eng has come to his senses and realises that the so-called RM1 trillion debt and 80% Debt-to-GDP ratio claims by Dr Mahathir Mohamad were deliberate to destabilise the economy and to infuriate the Malays. On the 18th of June 2018, I wrote (in orange):
Mahathir’s ultimate aim is to piss the Malays off. That explains the attacks on the Monarchical Institution and all the talk about wanting to abolish Jakim. He is convinced that the more the Malays are pissed, the higher the likelihood that they would seek the return of UMNO to teach the DAP a lesson or to keep it in check.
That also explains why he decided to give Lim Guan Eng control of the nation’s purse strings. He is well aware that Pakatan won the 14th general election (GE14) on bread and butter issues. The longer the coalition takes to bring down the cost of living, the higher the likelihood that the Malays would blame Guan Eng for failing as Minister of Finance. It won’t take long before they begin to accuse the DAP of sabotaging Mahathir and demand that PPBM works closely with Tengku Razaleigh Hamzah to bring UMNO back to the vanguard of Malay politics.
Dr Mahathir Mohamad is bent on turning UMNO into his UMNO. He is getting his men to occupy key positions in the party by giving them millions upon millions to throw around. The Prime Minister is determined to rid UMNO of anything Dato’ Seri Najib Tun Razak even if it means deregistering the party or sabotaging it from within.
Once in, these fellows will undertake to supplant all branch and division leaders with those willing to swear eternal allegiance to him. The Prime Minister anticipates this to take a minimum of six to eight months to accomplish. By March 2019, he expects to trigger the crossover of 47 Pakatan Harapan Members of Parliament (MP) to Barisan Nasional before he kicks both the MCA and Gerakan out for good.
That’s plan A.
Plan B is somewhat similar, though the end result involves the crossing over of UMNO as a complete entity into Pakatan Harapan. Mahathir favours this option most as it involves the collapse of Barisan Nasional and the emergence of a one-party dictatorship. However, to accomplish this plan is not easy – the new UMNO leadership would have to restructure the party tip-to-tail in less than a year to avoid the emergence of splinter factions.
Guan Eng is beginning to realise this. The Minister of Finance now sees himself as a liability Mahathir is trying to create to justify the need for UMNO’s return. To preempt the plan, he decided to announce (see news item below) that everything he’s been saying thus far with regards to 1MDB was on the instructions of the Prime Minister. That’s more or less like saying, “Everything I said regarding Najib and 1MDB was Mahathir’s position on the state of affairs, not mine.”
KUALA LUMPUR: Finance Minister Lim Guan Eng values the advise given to him by PKR de facto leader Datuk Seri Anwar Ibrahim but insists he will continue to reveal scandals of alleged misconducts by the previous government to the public before handing it over to other ministers and the Malaysian Anti-Corruption Commission (MACC).
The DAP secretary-general said all revelations made to the media, especially those pertaining to 1Malaysia Development Berhad (1MDB) were done under the instruction of Prime Minister Tun Dr Mahathir Mohamad.
Lim also said that Anwar was aware of this.
Meanwhile, Lim explained that it would not be right for him to direct other ministers to expose the financial scandals of the previous government as it involved the portfolio he was currently holding.
“My ministry will continue to expose all financial scandals within the first 100 days as directed by the prime minister,” Lim said in a statement today.
Earlier, Anwar, in an interview with Astro Awani advised Lim to be wise in balancing between the importance of convincing foreign investors and the responsibility to expose the misconducts of the previous government.
Anwar said Lim should be careful in making statements as it would be used as reference by investors and proposed that the responsibility to expose misconducts be given to another minister or agency.
The former deputy prime minister said this when asked on the report by Moody’s Investors Service that said the transition of power in the country has introduced some policy uncertainty.
Analysts weighed in that this will lead to a negative rating on Malaysia’s economy and affect investors’ confidence.
Commenting further, Lim said he had met Anwar several times to inform on the status of the country’s economy as well as the financial scandals.
“Anwar was also shocked on the negative impact with regard to the misconduct by the previous government in the form of falsifying financial statements, hiding files as well as red files which could only be seen by certain people.
“The people deserve to know the true state of our economy and the country’s financial status. When I met Anwar, he himself agreed,” Lim said.
Source: Malaysia Today