Cleaning the Sapura Shit. Tales by an unknown blogger. No 71

1. These are the economic reasons why I think ,bailing out Sapura is wrong as a matter of principle .Nevermind, if it's camouflaged under the pretext of paying vendors. Almost all are bumis .

2. I am not going to wail about the PM pandering about bumi vendors or about helping Sapura vendors but what about Malay farmers?

3. These are not economics reasons but political score points. Only politicians do that. As one prominent person said, I am not interested in being politically correct, only correct.

4. These people are just mouthing Democratic party empathy , sentimentalism, cafeteria socialism, smoked salmon socialism etc.

5. We are tired of these self appointed social justice warriors behaving sanctimoniously, regarding themselves as the only ones who can speak about bumiputera. If other than them, the PM for example,he is just being opportunistic.

6. Our economy is a private enterprise economy. It's based on profit and loss principles. The loss part is more important. It's the principle that weeds out the incompetent, poorly managed and badly operated companies .

7. Government bail out prevents the self correcting principle of a market economy .

8. Have the bozo mcs officers at MOF and other departments actually think about the costs of bail outs?

9.sapura is a company probably founded on UMNO values. Get an exclusive license, monopoly, privileges and make as much profit as possible. Confound careful investment decisions. If fail, ajib gor or wak jahid can help ( when they were in power). Just spend, baby spend!

10. Being a creature created by private enterprise means, if it gets into a mess, use private enterprise solutions. Not public enterprise solutions. This is the incompatibility issue.

11. This is wrong number one . Sapura is a car running on petroleum products. Now it wants to switch using fresh or salt water.

12. If u mix water with petrol ,your engine will produce knocking sound and your engine will eventually koyak

13. If water is mixed with jet A1 fuel or aviation fuel, the water will freeze over a certain altitude. The plane crashes.

14. Later , the government bail out will crash down bringing with it, taxpayers money, sapura, the vendors and the government. They will never get repaid .

15. If I see the goons who advised the PM, I will circumcise them a 2nd time.

16. Long ago, when Anwar then was debating the issue and quite badly at that, I wrote articles opposing any form of bailouts.

17. I mentioned about profligate spending , reckless investments. Perhaps, there were some corruption elements in the joyful spending. Maybe the authorities need to investigate on the joli katak spendings no?

18. As fish rots in the head first, change sapura s ownership and replace most of its management team. They are the ones who caused the mess in sapura in the first place..

19. Now , we come to the thorny issue of the vendors. We must remember they made a conscious, deliberate and voluntary decision to do business with sapura. They knew of the risks and gains .

20. Having made the bed, they must now lay on it .

21. Sure our democratic party empathy, pompous caring for others, our LV and caviar socialist leanings make us pity them .

22. But the bugger who owes them is sapura. By helping to pay them, we are in effect bailing out sapura.

23. Now that pak sheikh has already decided to help them because of his kindness and sentimentalism, there's nothing we can do. Except I hope he will be mindful of what I have said.