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A natural born skeptics view on Bahamian culture, politics, and issues at hand. An opinionated blog on the things happening around me

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Thursday, June 28, 2012

Pm: Bahamas Facing The Toughest Economic Times Utter nonsense

http://www.tribune242.com/news/2012/jun/28/pm-bahamas-facing-the-toughest-economic-times/?c=3880

When I read this article I almost lost it just read my comment for yourself.
Oh boy Oh boy not even sure where to start so I'll be brief. We are in a crisis because our main industry is tourism so why invest MORE into that industry? It will not work, we may be the closest to Florida but that doesn't mean much when American tourist aren't spending money. Why on earth would you spend money we can't afford to spend on OTHER people besides ourselves? Not like everyone lives in tourists areas or works in that industry, we have to expand our portfolio, and CUT spending. How do you expect to "balance" the budget by spending majority of the money on tourism which everyone isn't going to do, and no way going to provide enough jobs to keep the quality of life up. What about the other islands? What are they going to do? Tourism isn't exactly their main focus. Just leaving them out to hang? Agriculture and fisheries must be dedicated to tourism? WHY? Why not have them farm and catch fish to be sold within the country and have a certain percentage exported to Florida? (since we are so close) and there is a HUGE market for fish and produce in South Florida, Louisiana, Mississippi, Texas, etc. I really don't know what Perry is thinking.....It has been proven Tourism is not a reliable source of main income, and when the American economy collapses again (which it will always does) then what? We have no backup because we blew it all on tourism. Point is expand the portfolio, cut government spending, and establish our other industries to be more prominent.

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