PM says Barbadian lifestyle draining foreign reserves

Prime Minister Freundel Stuart has suggested to Barbadians demanding answers from his administration over the country’s rapidly declining foreign reserves that they should look no further than their own lavish lifestyles.

Speaking at a joint meeting of the Democratic Labour Party (DLP) branches in St Michael, which was held at St Michael School, Stuart contended that Government could not be blamed for the state of the country’s international reserves, which plummeted further below the 12 weeks benchmark to reach just 8.6 weeks of import cover or $549.7 million at the end of September.

“When you hear that our foreign reserves are under pressure it is because of what we import and because of what you all go on the supermarket shelves and see. It is not that anybody in the Government is stealing foreign currency and carrying it and putting it under their bed,” he said to loud applause from the DLP faithful who packed the auditorium.

“The 130,000 vehicles on the streets of Barbados, not one is manufactured here in Barbados. They were all bought with foreign currency out of Japan and those other countries from which we may buy motor vehicles from time to time. That is where the foreign currency goes. With that kind of importing and of course the 10 or 15 different types of detergent we see on the supermarket shelves and the wide range of nuts and salted chips, none of which we produce here but which has captured the taste of the people in the population,” he added.

The Prime Minister said that with the global recession making it difficult to earn foreign currency, and with Government’s reluctance to borrow, there is no choice but to use the reserves to finance the lifestyle that Barbadians have become accustomed to.

He said that in a five-year period between 1996 and 2001 when the Barbados Labour Party (BLP) was in office, the country borrowed over $1 billion in foreign exchange “to finance the lifestyles that we have grown accustomed to”.

Therefore, he said, if Barbadians wanted to continue this lifestyle, “we have to earn foreign currency to do it.

“We have spent most of the time supporting that lifestyle by borrowing foreign exchange,” he stressed.

Stuart took a shot at BLP leader Mia Mottley, whom he said supported his position on the issue when it suited her.

He contended that when former Prime Minister Owen Arthur replaced Mottley as BLP leader in 2010, she made “patriotic speeches” quoting late Prime Minister Errol Barrow on the cost of living, but changed her tune as soon as she was returned to the helm of the party.

“When it suits the Opposition you would hear their leader [Mottley] say, quoting Barrow, ‘the problem in Barbados is not the high cost of living, the problem in Barbados is the cost of high living’. You will hear her say that. She said that when Owen Arthur ousted her and she was making patriotic speeches from another part of the Opposition bench. It was convenient to make that admission then but once she got back in the Opposition Leader’s chair, the old demon resurfaced,” the DLP head said.

In his third quarter report, Acting Central Bank Governor Cleviston Haynes that the island’s foreign reserves position was currently out of whack, having fallen by US $86 million in three months. He also raised concerns that the downward trend on the international reserves was putting more pressure on the stability of the Barbados dollar.

“Despite moderate economic growth and policy-induced reduction in the fiscal imbalance, the Barbadian economy continues to face significant economic challenges. In particular, strengthening of the international reserves is needed to ensure that the reserve buffer remain adequate in order to protect the fixed exchange rate peg,” the acting governor stressed.

213 Responses to PM says Barbadian lifestyle draining foreign reserves

  1. Ricardo Worrell
    Ricardo Worrell November 13, 2017 at 7:56 pm

    Woe

    Reply
  2. Larry Thompson
    Larry Thompson November 14, 2017 at 12:07 am

    Only solution turn place socialist or communist

    Reply
    • Daniel A Boxill
      Daniel A Boxill November 14, 2017 at 3:26 am

      Well we were a Social Democracy until recently…

      Reply
      • tedd November 14, 2017 at 5:04 pm

        I think larry meant fascist

        Reply
  3. Pullhead Davis
    Pullhead Davis November 14, 2017 at 12:08 am

    Your new Merz included in the 130000 cars I know foreign currency bought that

    Reply
    • Rechelle November 14, 2017 at 7:36 am

      And the big houses Dem building.

      Reply
    • tedd November 14, 2017 at 5:05 pm

      130002, also include the Range Rover from England

      Reply
  4. Arthur Collymore
    Arthur Collymore November 14, 2017 at 12:09 am

    Here he is again blaming someone else. Barbarians always spent lavishly but their govt also knew how to earn foreign exchange. Always the one to blame other for his own failings.

    Reply
    • John Everatt November 14, 2017 at 2:48 am

      Yes and the printing of money by the central bank has depleted the FX in order to pay the civil service wages. Fumbles is trying to blame everyone but himself for this situation including the world economic situation which has now returned to normal. . . . This is his government’s fault and not the people of Barbados’ fault.

      Reply
    • The Gatekeeper November 14, 2017 at 11:24 am

      Exactly Arthur! This bunch of DLP clowns refuses to accept responsibility for anything. They also have the power to ban or limit the importation of non-essential items, and food items that can be produced in sufficient quantities locally. They really expect to win a 3rd term in office by blaming the masses for their failed policies and crookedness? LOL

      Man ring de bell please!

      Reply
  5. Chris Alleyne
    Chris Alleyne November 14, 2017 at 12:17 am

    DLP’s legacy… Back to the jukking board and coal pot.

    Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 8:00 am

      AND DE COW DUNG, DRY COCONT SHELLS ETC FOR FUEL

      Reply
  6. Katherine Zettler
    Katherine Zettler November 14, 2017 at 12:23 am

    Him first

    Reply
  7. Marva Lashley-Todd
    Marva Lashley-Todd November 14, 2017 at 12:28 am

    where you now wake up from?

    Reply
  8. Adrian Allison
    Adrian Allison November 14, 2017 at 12:37 am

    Man looks like a fool,
    Acts like a fool,
    Thinks like a fool,
    Sounds like a fool……
    And could only be a fool to make the statements he make.
    Can’t wait to see the back of this national embarassment name Fraundel Stuart.

    Reply
    • Michelle Griffith
      Michelle Griffith November 14, 2017 at 5:14 am

      Adrian Allison if you walk like a duck, quack like a duck, you are a duck.

      Reply
    • Doreen Waithe
      Doreen Waithe November 14, 2017 at 5:32 am

      The best laugh for the morning so true

      Reply
    • Adrian Allison
      Adrian Allison November 14, 2017 at 6:42 am

      You said it Michelle Griffith,
      Perfectly !!!

      Reply
    • Adrian Allison
      Adrian Allison November 14, 2017 at 6:47 am

      Everton Kennedy
      Like you I really don’t like disrespecting anyone but you are on point there.
      When one stop and think about the talking down to, the indifference with the treatment he meted out to Barbadians over the past eight years and the contempt with which he has shown to us . . . is nothing more than a national embarassment for this country.

      Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 7:26 am

      looks like adrian? hummmmmm

      Reply
    • Gillian Skeete
      Gillian Skeete November 14, 2017 at 7:33 am

      Ali Baba is lol so insulting and condescending.

      Reply
    • Don Reuben
      Don Reuben November 14, 2017 at 9:10 am

      Sport not Stewart!!!

      Reply
  9. Angela Thompson Branch
    Angela Thompson Branch November 14, 2017 at 12:43 am

    My favorite words wow

    Reply
  10. Charlene Sealy
    Charlene Sealy November 14, 2017 at 12:57 am

    So Bajans should starve and walk work?!

    Reply
  11. Baje Mcg
    Baje Mcg November 14, 2017 at 1:01 am

    SMH…blame the people for the poorly administered government business

    Reply
  12. Nicole Husbands
    Nicole Husbands November 14, 2017 at 1:03 am

    He actually blaming the people

    Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 8:05 am

      FROM 2008 DEM THE BLAMING

      Reply
  13. Omar Herbert
    Omar Herbert November 14, 2017 at 1:09 am

    The global recession lasted from December 2007 to June 2009. We are in November 2017. Stop using this global recession talk as an excuse when there’s no global recession.

    Reply
    • tedd November 14, 2017 at 5:08 pm

      here I was thinking I was the only one following the world economy, the developing world is now looking at and bracing for the next recession.

      Reply
      • tedd November 14, 2017 at 5:09 pm

        sorry , developed world

        Reply
    • Roverp November 14, 2017 at 8:23 pm

      Bajans listening to and read too much foolishness to know what really going on

      Reply
  14. Carol Grant Cumberbatch
    Carol Grant Cumberbatch November 14, 2017 at 1:10 am

    Wait he said he and his Ministers lifestyle draining the foreign exchange….That is the only true thing you said since you were PM.

    Reply
  15. Katrina Sealy
    Katrina Sealy November 14, 2017 at 1:15 am

    Isn’t it the same nuts and chips u eating?? Isn’t it a Mercedes you’re driven in??? Barbados never manufactured any cars and always had imported goods on the supermarket shelves. You’re an embarrassment to what was a great nation. You and your administration has failed it citizens now you have the balls to blame the same citizens that elected you! Wow.
    Barbados Today please find more uplifting articles to write and publish,thx.

    Reply
  16. Jermaine Zedel Emme Beckford
    Jermaine Zedel Emme Beckford November 14, 2017 at 1:30 am

    Amazing the bs this man spews

    Reply
  17. Deangelo Dixie Mayers
    Deangelo Dixie Mayers November 14, 2017 at 1:31 am

    U honestly give up the pm of this country can’t be serious

    Reply
  18. Helen Charles Knighton
    Helen Charles Knighton November 14, 2017 at 1:33 am

    But waaait ,wunna most lucrative way of earning revenue is pon de same goods yuh complaining bout? So eff we stop buying how wunna gine live wunna lavish liestyle? So it seems only the top dawgs can live lavishly while the minions like we got to pick the crumbs off wunna tables? Yuh want we go back to the donkey cart?

    Reply
    • Brenda Knight
      Brenda Knight November 14, 2017 at 4:10 am

      We on we way back to de donkey cart. Just look at the state of we roads

      Reply
    • Helen Charles Knighton
      Helen Charles Knighton November 14, 2017 at 4:44 am

      Brenda Knight You think they will charge the donkey road tax?

      Reply
    • Brenda Knight
      Brenda Knight November 14, 2017 at 6:45 am

      Why not. Anything to keep we pocket poor

      Reply
  19. Pat BB
    Pat BB November 14, 2017 at 1:52 am

    Yes ur correct Fraudel, .UR lifestyle not our….my two cents.

    Reply
  20. Anfaani Henry
    Anfaani Henry November 14, 2017 at 1:57 am

    Elections please

    Reply
  21. Lynette Rollock
    Lynette Rollock November 14, 2017 at 2:22 am

    Call elections.

    Reply
  22. Jennifer Giles
    Jennifer Giles November 14, 2017 at 2:22 am

    am I hearing right lord have mercy on bajans souls

    Reply
    • Mariam Makeba
      Mariam Makeba November 14, 2017 at 11:10 am

      Jen why you don’t keep out the PM business? When Dem flying bout the place eva minute and buying up a particular brand a thing and having de gall to say Dem got ta get certain tings cause Dem can’t get them here . Wait dat ain’t de same S?

      Reply
  23. Ibukunoluwa Ayanfe Ozioma
    Ibukunoluwa Ayanfe Ozioma November 14, 2017 at 3:10 am

    I’m totally and utterly confused! Everybody complaining that things hard and jobs hard to come by, yet, foreign reserves going to buy in cars, various nuts and washing powder. Where are the people getting the money to buy all of these imported stuff? Freudel, have you considered developing the export sector? Why is this so hard to do? Finally, is it only not having foreign exchange that impact negatively on the potential for Barbados to earn?

    Reply
  24. Lucine George
    Lucine George November 14, 2017 at 3:38 am

    I UNDERSTAND WHAT HE IS SAYING TRYING TO SAY SOME FOOLISH PEOPLE TO FOOLISH TO SEE.

    Reply
  25. Christopher Macauley
    Christopher Macauley November 14, 2017 at 3:38 am

    What lifestyle I’m here on holiday. And I’m joining in on the struggle.

    Reply
  26. Brian Porte
    Brian Porte November 14, 2017 at 3:43 am

    This economy is propped up by the importation of vehicles. The government first with at least 150% duties then the garages with markups then the finance companies and banks with their 100% finance packages and let’s not forget the insurance companies then have to charge a higher premium because of this inflated value. All of these companies employ many people at various skill levels and education levels and unfortunately this sector is adding nothing to the growth of Barbados. Both parties have feasted of the taxes and import duties and political contributions of the entities that control this sector and now the chickens have come home to roost.

    Reply
    • Gillian Skeete
      Gillian Skeete November 14, 2017 at 7:42 am

      And now when you receive a gift bring through airport no money transaction took place these bozos look up item on internet and charge duty on it based on USA currency no matter where item is from! It’s disgusting
      Also don’t forget all the online shopping too as so much that is imported here is mostly crap and prices marked up 4 and 5 times!!! A part 29.00 usa$ here $525.00 plus part is very poor quality. How are people supposed to get through with garbage imports! A pant here 250.00 you could buy 4 pairs overseas same pants $40.00 I am so sad for barbados. Never been this bad they make it so nobody wins except dem!! They have to go

      Reply
  27. Caroline Eastmond
    Caroline Eastmond November 14, 2017 at 4:15 am

    No he mean the big lifestyle he ministers living draining the foreign reserves

    Reply
  28. Katharine Clarke-Weekes
    Katharine Clarke-Weekes November 14, 2017 at 4:33 am

    Maybe you Mr Pm. Should start by walking to work. You use to do it. You never had a car before. Set an example

    Reply
  29. Lennox Phillips
    Lennox Phillips November 14, 2017 at 4:39 am

    Wow

    Reply
  30. Aquarius RoseAnn
    Aquarius RoseAnn November 14, 2017 at 4:41 am

    And here endeth the reading. Smdh.

    Reply
  31. rosa November 14, 2017 at 4:51 am

    Check yourselves first.

    Reply
  32. Millisa Hinkson
    Millisa Hinkson November 14, 2017 at 4:52 am

    I’m lost but the lavish lifestyle is spent by people’s money who work hard and pay taxes nis etc look I just can’t wait for this to be over

    Reply
    • Claire Battershield
      Claire Battershield November 14, 2017 at 5:46 am

      It aint we with the lavish style. I in got no caterer every time i want to eat

      Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 8:04 am

      WAITING ON THESE 6 MONTHS FOR ELECTIONS, FEELS LIKE 6 YEARS, I HOPE GOD WILL INTERVENE ON THIS MATTER……………………

      Reply
  33. Glenn Carlo Theopholus Watson
    Glenn Carlo Theopholus Watson November 14, 2017 at 4:54 am

    Yes, let the Barbadian be your scapegoat. Good plan

    Reply
  34. Sophia Lewis
    Sophia Lewis November 14, 2017 at 4:54 am

    This is an offensive and disgusting pronouncement. Shame on him. Sadly he is void of shame. Our country whithers. Woe is us.

    Reply
  35. Patrick Newton
    Patrick Newton November 14, 2017 at 5:15 am

    Barbados is bless by God not by man don’t you ever for get that . I say no more

    Reply
  36. Alan Harvey-Bowen
    Alan Harvey-Bowen November 14, 2017 at 5:16 am

    Did he just blame the problems on foreign chips , nuts and cars? Doesn’t every other country in the world import these things? If the economy isn’t diverse enough to sustain these things , isn’t it his job to take steps to ward producing more goods in Barbados? Doesn’t he know that an island is always importing goods ? Wasn’t he aware of the need to import goods prior to taking the job? If too many goods where being imported , wasn’t it his job to restrict some of these items from coming in to the country ? I don’t have the answers but these are the questions I would ask.

    Reply
    • James Marshall
      James Marshall November 14, 2017 at 5:22 am

      Said the PM who drives the most expensive car in Barbados

      Reply
  37. Ria Ifill
    Ria Ifill November 14, 2017 at 5:18 am

    Christopher Barnett

    Reply
  38. Paul R. Farmer
    Paul R. Farmer November 14, 2017 at 5:22 am

    It’s better to be considered a fool than to open your mouth and remove all doubt…..but wait……that has been established already.

    Reply
  39. hcalndre November 14, 2017 at 5:37 am

    The PM is faulting the people for the drop in foreign reserves because of their life styles and the salted snacks they eat, I saw a turkey in a super market for ($100.00 barbados.) who can buy food at those peices? If they were investigative reporters that were not afraid to get down in the trenches, (no pun intended) and expose the life styles and wealth of his ministers, how often they and their families travel to NY and Miami to shop, the imported vehicles and properties they have and now the poor tax payer is responsible for his government`s poor performance, 22 downgrades and his supporters believe him as if to say that they and their children are not included in the imported fast food and salted snacks life style.

    Reply
  40. Denton Crichlow
    Denton Crichlow November 14, 2017 at 5:42 am

    I never knee someone iof his intellect would talk so much RH

    Reply
  41. Star Wood
    Star Wood November 14, 2017 at 5:44 am

    Speak for yourself & your ministers not us we barely making ends meat while you & your band of merry men eating the fatted calf & living big off of the tax payers money

    Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 9:31 am

      STAR I DON’T KNOW, I JUST DON’T KNOW HOW PEOPLE CAN SIT BACK HERE, AND ALLOW 16 ASSORTED NUTS TO DO AND SAY WHAT THEY LIKE, AND REFUSE TO GET UP AN RID DEM FOR GOOD…ITS JUST MIND BOGGLING

      Reply
    • Star Wood
      Star Wood November 14, 2017 at 10:36 am

      Ali Baba hun all i want to hear from that fool is the election bell other than that he can continue to sleep

      Reply
    • Star Wood
      Star Wood November 14, 2017 at 10:36 am

      Brian Devonish ok then them don’t drive on the roads that bad or that have the bush apparently so them don’t care

      Reply
    • Brian Devonish
      Brian Devonish November 14, 2017 at 10:40 am

      Star Wood I don’t even feel like paying road tax

      Reply
  42. Eton Thompson
    Eton Thompson November 14, 2017 at 5:48 am

    What he means to say is that manufacturing must be brought back to Barbados. Sugar cane cultivation, the manufacturing of sugar cane; manufacturing of cars ( which he seems to hate) – under license for a maker like Suzuki or some other brands. Even manufacturing of many other products for export.
    How about the local manufacture of foods, detergents and soaps? It is the Government’s job to put policies in place to facilitate these things to be done by Barbadians for Barbadians in Barbados.

    Reply
    • Jennifer November 14, 2017 at 9:43 am

      True – But he also needs to ensure that all have a fair share/push in the said processes and not a lopsided approach. This is where all the problems will start if he attempts this.

      Reply
  43. Christopher Barnett
    Christopher Barnett November 14, 2017 at 5:56 am

    = This now done my W H O L E life . WHOLE WID DE W

    Reply
  44. Almar H Cave
    Almar H Cave November 14, 2017 at 6:15 am

    Dems have failed to facilitate any sort of serious macfacturing andnow he speaking about it, after being in power for nearly 10 years…. SHAME!!!!

    Reply
  45. Eddy Murray
    Eddy Murray November 14, 2017 at 6:15 am

    well if we life style draining the reserves. we going to stop building houses stop buy cars . in fact we stop working all together

    Reply
  46. Eddy Murray
    Eddy Murray November 14, 2017 at 6:24 am

    th

    Reply
  47. Don Reuben
    Don Reuben November 14, 2017 at 6:28 am

    Reduce the monkey population, revive the agricultural sector which has been deserted for tourism (modern slavery)
    The island is in ruins… Planting crops and rearing animals should be the goal in order to eliminate the sky high food import bill…
    Look around there is so much land lying waste
    Set up agricultural enterprise schemes

    Reply
    • T-Kay Pinx Simpson
      T-Kay Pinx Simpson November 14, 2017 at 10:36 am

      That would be great, long as the prices don’t surpass that of the imported products, like the sugar.

      Reply
  48. Eddy Murray
    Eddy Murray November 14, 2017 at 6:29 am

    I heard the MOF. telling the media stop carrying fake news from some professional. I asking you all to do the same and stop carrying the PM rants it sound like a man that losing his marbles

    Reply
  49. Jenny Applewhaite
    Jenny Applewhaite November 14, 2017 at 6:30 am

    They say light is faster than sound so some ppl may appear bright until they open they mouth to speak……

    Reply
  50. Mike Baje
    Mike Baje November 14, 2017 at 6:30 am

    Thank you Fumble! You just dug the grave for DEM! RIP Fools!

    Reply
  51. Rubertha Blackman
    Rubertha Blackman November 14, 2017 at 6:30 am

    Sir you helped to, a Mercedes Benz is a luxury car, if you really believe what you are talking lead by example and use a donkey cart its made right here in Bim.

    Reply
    • Ricardo Worrell
      Ricardo Worrell November 14, 2017 at 6:38 am

      Or a skateboard

      Reply
      • Breadfruit. November 14, 2017 at 9:12 am

        skateboard also = imported

        Reply
    • Breadfruit. November 14, 2017 at 9:12 am

      De material will be imported

      Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 9:21 am

      OR E LONG MONGOOSE LOOKING MOUT

      Reply
    • Carol-ann Thomas
      Carol-ann Thomas November 14, 2017 at 3:02 pm

      R Walk

      Reply
  52. Baz Moz
    Baz Moz November 14, 2017 at 6:31 am

    Think your find it’s the governments lifestyle that’s drained (not draining) this Island

    Reply
  53. Rawlston Ward
    Rawlston Ward November 14, 2017 at 6:32 am

    Does this man really think before he speaks

    Reply
  54. Lola De Palma
    Lola De Palma November 14, 2017 at 6:35 am

    You’re draining it.

    Reply
  55. Clive Walrond
    Clive Walrond November 14, 2017 at 6:37 am

    That’s funny

    Reply
  56. Lennox Phillips
    Lennox Phillips November 14, 2017 at 6:39 am

    Got to be a democrat

    Reply
  57. Saga Boy November 14, 2017 at 6:39 am

    We are in serious trouble if persons do not understand that what the PM is saying is the absolute truth. We have a private sector that is not interested in anything but buying and selling. They use the foreign exchange and contribute little to earn any. We are not innovative and or export driven. Successive governments have failed to get this sector going. We were doing well until Tdad devalued its dollar in the 1970s. In order for us to earn our way we have to change our lifestyle. We have to eat what we grow, developed a sustainable export sector for products and services and reduce our imports. All the successful models like Singapore and China points to this approach. There are no short cuts and regardless of which political party is in power we cannot escape the facts articulated by the Prime Minister.

    Reply
    • Jennifer November 14, 2017 at 7:30 am

      Saga oy + Don Reuben statements are of the most worth/substance posted. What the PM has subliminally also highlighted is the MAJOR failings of both major parties on this Island. Statements such as:-
      1. what we import and because of what you all go on the supermarket shelves.
      2. “The 130,000 vehicles on the streets of Barbados, not one is manufactured here in Barbados.
      3. With that kind of importing and of course the 10 or 15 different types of detergent we see on the supermarket shelves and the wide range of nuts and salted chips, none of which we produce.
      4. “if Barbadians wanted to continue this lifestyle, “we have to earn foreign currency to do it” (how not stated??????).

      *Notice how he purposely left out the hoteliers who is also sending out the Fx and draining too.
      For the election trail, people need to watch out for what these manifestos contain or have conveniently left out to benefit whom on this here plantation. Sadly Fundel did not bother to mention any solutions for manufacturing, planting or even public education. When you start wrong you will end wrong.

      Reply
      • Jennifer November 14, 2017 at 8:17 am

        Barbados economic/growth model seriously needs revamping. This can only be done by a change in the mindset of all these leaders.

        Reply
      • Randolph November 14, 2017 at 10:29 am

        You are so true Jennifer.

        Reply
    • Randolph November 14, 2017 at 7:37 am

      Saga boy you are a real joker to put it mildly.We should go back to the days of using jack ass carts,pit toilets and scrubbing boards because we don’t make cars,toilet bowls,washing machines .Stop importing refrigerators too.I hope we never ever elect the DEMS again in this country.

      Reply
      • Jennifer November 14, 2017 at 10:51 am

        I understand your frustration Randolph, but to be honest the PM highlighted areas he and others have tenaciously caused and do not intend or have any means of addressing/resoluting. A leader should lead by example – and this is minor.

        Reply
  58. Mhizzeyejoyful Reece
    Mhizzeyejoyful Reece November 14, 2017 at 6:41 am

    So this government will not take responsibility for anything,blame everyone for their incompetence smh

    Reply
  59. Sweetpea Darling
    Sweetpea Darling November 14, 2017 at 6:46 am

    Welcome to the club frumble,kim,donald

    Reply
  60. Adrian Allison
    Adrian Allison November 14, 2017 at 6:52 am

    Only a fool would be cussing the same people that he needs for a vote especially at this time.
    Old folks would tell you ‘ Yuh don’t cut the branch yuh standing on’.
    Guess Fraundel never understood that one, but this is Fraundel after all, lol.

    Reply
  61. Kayden Jada
    Kayden Jada November 14, 2017 at 6:58 am

    You talking about you and your cabinet paying yourself large salaries. Wondering out loud what you guys done to deserve that large amount of money our country is in billions of debts, you and your cabinet should be jail for destroying this island.

    Reply
  62. Andre Ricardo Volel
    Andre Ricardo Volel November 14, 2017 at 7:01 am

    Big Man, Government spending is to blame, Governments tend to spend more than they collect in taxes. Governments make promises the can’t keep. So the central bank will print more money out of thin air and loan it to the government on interest. The thing is the more money they print the more the currency goes down in value. The leader of the country is very financially illiterate.

    Reply
  63. Marcelyn Belle
    Marcelyn Belle November 14, 2017 at 7:19 am

    Mr you just need to shut up! don’t talk, period. When you talk we are reminded of our eternal nightmare. SHUT UP. When you silent it bad,when you talk it worse.

    Reply
    • Ali Baba
      Ali Baba November 14, 2017 at 9:22 am

      ON POINT MARCE, ON POINT

      Reply
  64. Rick Singh
    Rick Singh November 14, 2017 at 7:24 am

    No Fraundel it’s your mismanagement of the economy

    Reply
  65. Carol-Ann Waithe
    Carol-Ann Waithe November 14, 2017 at 7:25 am

    Wdh he can’t be serious tho

    Reply
  66. Carol-Ann Waithe
    Carol-Ann Waithe November 14, 2017 at 7:28 am

    I love to buy a brand new Merz….smh

    Reply
  67. Jude Willis
    Jude Willis November 14, 2017 at 7:32 am

    Idjit !

    Reply
  68. Cherieleen Worrell
    Cherieleen Worrell November 14, 2017 at 7:48 am

    Lord save us all from Dem

    Reply
  69. Shaun Maynard
    Shaun Maynard November 14, 2017 at 7:55 am

    This is the moat ridiculos thing the pm have ever said. Im sorry pm but you arent dealing with uneducated people.

    Reply
  70. Shotta Boss
    Shotta Boss November 14, 2017 at 7:58 am

    Wunna ain’t draining d people stupessssss

    Reply
  71. Greengiant November 14, 2017 at 8:11 am

    It’s interesting that you all can only see the emotional side of this economic situation. Calling the PM all sorts of names, this will not correct the foreign exchange problem.

    I want to hear a reply from the opposition leader on this issue. I remember her utterances from the floor of parliament when Arthur was returned as opposition leader. Now as opposition leader she is indeed singing a different tune.

    The big questions are:

    Do you Barbadians who consume all these foreign brands, travel and spend lavishly each year (my fiance included) and have the taste for imported food items rather than buying from our farmers, fishermen, and butchers think you are contributing to the foreign exchange drain?

    What’s the take on national consumption by the opposition leader and those who aspire to lead this country?

    Did the B L P borrow US $ 1 billion between 1996 and 2001 and if so what was this money used for. Our economist who claim to have the nation’s interest at heart need to revisit the finance policies of government after the Sandiford period. The economy was stabilised during this period ( public sector reduction, deficit reduction, dept reduction, increased reserves). Anyone dear to challenge that? Come on Jeremy Stephens, Clyde Mascoll, Charles Herbert, and the others. Tell us about the period 1995 to 2016. Things have not only gone wrong between 2008 and 2017, the dept was accumulated before this period, and much of the dept we’re now servicing is prior to 2008 also. You all want the MOF and government to tell the people everything, well so should you.

    Reply
    • Jennifer November 14, 2017 at 8:32 am

      yep. The whole thing is quite sickening. And no party is talking on any of these sore, stagnant issues. Watch for the cow lick too.

      Reply
    • Jennifer November 14, 2017 at 9:15 am

      “I want to hear a reply from the opposition leader on this issue”.

      Green Giant you can wait on that reply – good luck. She busy fibbing her way into the big house. They got some big players running around in all of this mess too, stunt-ters, stilt-walkers, and iron men.

      Reply
    • Leroy November 14, 2017 at 2:43 pm

      The DLP borrowed more $ in 8 years than BLP in 14,,facts. Why didnt he state that too?

      All the criticisms he makes of the blp and populace can be made against him and his Gov too.

      He is in power, he should have policies to curb our appetite for foreign made items and incentivise local production even if it means going back to basics, opening an arm at UWI and polytechnic focused on agriculture and manufacturing,acquiring unused plantations and land and recouping businesses and the manpower to make this a reality.

      He also should have done a total restructuring of the public sector department by department working out its function and the skills and man power required.

      Many other things could hv been done but these 10 years were pretty much wasted and we have been left to our own devices as a rudderless ship,,ofcourse it will run aground. We are in dire need of leadership and not someone telling us we are at fault.

      Reply
  72. Bajan Positve Brian
    Bajan Positve Brian November 14, 2017 at 8:21 am

    So has he approached the big car dealers and asked or told them they have to reduce car imports in the short term? I bet he will not, they are the one making the campaign contributions.
    He does have a point that car imports are a drain on the reserves ,but it is stupid to blame the people when it is within his power to control and or restrict it. Just like they restrict the average bajan from having too much foreign currency.

    Reply
  73. Christopher Foster
    Christopher Foster November 14, 2017 at 8:23 am

    2018 Mercedes-Benz S Class. The best or nothing.

    Reply
    • tedd November 14, 2017 at 5:15 pm

      HEY on a point of information, that did not cost us a single cent in US Dollars fx, not one. We paid for it in Euros.

      Reply
  74. Monique Kashia
    Monique Kashia November 14, 2017 at 8:27 am

    i just can’t wid dem!

    Reply
  75. Mark Adamson November 14, 2017 at 8:29 am

    An analysis of the comments of those persons who have been responding on here clearly shows exactly what Mr. Stuart was reported to have said: that thousands upon thousands of adult Barbadians live the benefits of certain lifestyles, yet do not wish to accept or take responsibility for the costs that come with those lifestyles.

    As free as they are allowed to purvey comments on here, they have starkly failed to accept their own roles in the progression to this dedevelopment, decadent, ruinous, calamitious path that we are currently on.

    They wish to absolve themselves from any responsibility whatsover in these regards, by playing the blame game. How much have most of us really grown as adult people in this country, to accept certain truths as reportedly put forward by Stuart? How balanced, fair and objective are many of us in acknowledging these truths??

    Almost every adult in Batbados – including me – has played some negative role in this deepening quagmire. Some people have played greater degrees of negative roles than the ones below. Hence, out of all the groups and sectors of people in this country that have contributed the most damage to this country – over the last 20 years – is the last BLP government.

    The last BLP Government really MASSIVELY and RECKLESSLY mismanaged and maladministrated this country, politically economically and financially, so much so that the country is still reeling from the effects of such disastrous mismanagement. Who could ever forget such sordid scandals and affairs as Greenland Landfill Project, Edutech Project, the GEMS Project, the NHC Warrens Offices, The Halls of Justice Project, Dodds Prisons Project, the Kensington Oval Redevelopment Project – which today remains unfinished, the ABC Road widening project, the Silver Sands Beach facility, the Crab Hill Police Station, the Glebe Town Hall Centre and many more instances of extreme and outlandish squandermania and costs overruns – altogether in millions upon millions of dollars, credit and debt.

    What is so puerile about some of the comments is that they import that elections will make a difference socially, politically, economically and financially, between now and after elections.

    What tomfoolery!!

    Reply
    • Lee R November 14, 2017 at 8:51 am

      Explain to me what have happened in the last 9 to 10 years. Over and over again, people fail to realize that what ever hand you have been dealt, you play it. The persons at the helm of the government are incompetent and are not suited to run the affairs of this country. It is simple.

      Reply
    • Jennifer November 14, 2017 at 9:36 am

      What you have highlighted is perilous and money wastage clearly needs to be stopped by all governments and peoples alike. However, we as an electorate need to shake off the amnesia and get off the party bandwagon and look at the reasons why the BLP was ousted 9yrs ago or was it just to support a change of government. Are they (BEE) singing a different tune, as they are clearly yet to sing. There is clearly multiple issues facing mainly the poor and disenfranchised of Barbados, as the bigheads and stilt-walkers are on good footing. Have lessons been learned at all from all of the mess both past and present????????

      Reply
      • Jennifer November 14, 2017 at 9:37 am

        Forgot – @Mark Adamson

        Reply
    • Leroy November 14, 2017 at 2:46 pm

      The DLP borrowed more $ in 8 years than BLP in 14,,facts. Why didnt he state that too?

      All the criticisms he makes of the blp and populace can be made against him and his Gov too.

      He is in power, he should have policies to curb our appetite for foreign made items and incentivise local production even if it means going back to basics, opening an arm at UWI and polytechnic focused on agriculture and manufacturing,acquiring unused plantations and land and recouping businesses and the manpower to make this a reality.

      He also should have done a total restructuring of the public sector department by department working out its function and the skills and man power required.

      Many other things could hv been done but these 10 years were pretty much wasted and we have been left to our own devices as a rudderless ship,,ofcourse it will run aground. We are in dire need of leadership and not someone telling us we are at fault.

      Reply
      • ebaje November 14, 2017 at 3:40 pm

        Says the man who sells imported socks! You can’t make this RH up. Mark Adamson needs to take several seats, a wannabe intellect looking for relevance who few years ago was all over social media promoting a No Tax system of economic management. Now he’s supporting a government and PM that has unleashed an arsenal of tax increases on Bajans sunce 2008.

        Reply
  76. Dwayne Sealy
    Dwayne Sealy November 14, 2017 at 8:29 am

    but not a 300K (duty free) Mercedes S-Class? GTFOH man!

    Reply
  77. andy g November 14, 2017 at 8:30 am

    murda,murda, ninety three blpites respond.wow.But wait a minute ! the dlpites cant say something? lord haveth mercy

    Reply
  78. Elaine Vanhuis
    Elaine Vanhuis November 14, 2017 at 8:48 am

    He is right. Barbados could take a life out of Bermudas book, car control. Not only does it help the economy, it contribute significantly to health. Imagine an Island as little as Barbados with all that pollution coming from cars. We who grew up in Barbados before this materialistic age live, we ate native food in season and we cook. This too contribute to excellent health. Barbados has become instead of little England, little America and that is bad news for a small country that have very few natural resources. Here comes the IMF.

    Reply
  79. DE November 14, 2017 at 8:48 am

    The prime minister of Barbados do not speak to often, but when he speaks, he speak like and under privilege child. All he does is blame very body for their bad management of the country. Here he is now blaming Barbadian for the decline of the foreign reserves. The problem is, the tourism that they boost so much about, that was to help bring back up the foreign reserves has now made a big dip down to the ground, so their expectation has now been shattered, so they have to find a scape goat to blame.
    What a pity.
    I would like to ask the prime minister what he has to say about all the politician that have these oversea bank accounts and make all their purchase in foreign currency.

    Reply
  80. Sonjia Callender-Hoyt
    Sonjia Callender-Hoyt November 14, 2017 at 8:59 am

    Why don’t he blame the non nationals also that is sending home money every week and working, but not paying any taxes..

    Reply
  81. Ali Baba
    Ali Baba November 14, 2017 at 9:07 am

    OH LORD HAVE MERCY..HAHAHAHAHAHA

    Reply
  82. archy perch November 14, 2017 at 9:26 am

    Bajans don’t and cannot face the truth even if it slaps them in the face.Instead of eating local foods, they purchase alot of foreign foolishness, so I agree with he Prime Minister.
    But the qualified lawyer will solve Barbados’s problems very soon, just be patient folks.
    Keep pulling the lion’s tail though.

    Reply
    • roger headley November 14, 2017 at 11:01 am

      ha ha ha ha ha you are stuck in a rut Archy

      Reply
  83. Mackar November 14, 2017 at 9:28 am

    Mr. PM you guilty too you just acquire a upscale car costing over $700,0000. Wasn’t this acquired with the precious FX????

    Reply
    • tedd November 14, 2017 at 5:19 pm

      And Busses that used to be made here by bajans providing an income to families.

      Marcopolo only makes the body just as we did, see the internet. our minibuses made here look no worse than the marcopolo just smaller

      Reply
  84. Judith Howell
    Judith Howell November 14, 2017 at 9:29 am

    Should I comment on that statement, I now finish my devotion. Lord have mercy on us! Amen

    Reply
  85. Leigh November 14, 2017 at 9:43 am

    The Government doesn’t really support manufacturing though and the local products cost more than imported so I don’t understand what he expects us to buy?

    Reply
    • Jennifer November 14, 2017 at 10:38 am

      Start with the sugar, right there in portvale factory. Then they tell a poor person to buy local, buy bajan.

      Reply
      • Jennifer November 14, 2017 at 10:43 am

        Them importing the canes?????? Problem is we do not have any part of the bull, the bull got us instead.

        Reply
    • tedd November 14, 2017 at 5:21 pm

      manufacturing has to be protected as we have high wages, high energy costs and a small market, just look back at how we did it in the 1970s.

      Import substitution

      Reply
  86. Lee November 14, 2017 at 9:50 am

    Every productive unit (including the planet) has its limit. Depending on the resources that are available to it, a country will grow its economy until its dynamism is exhausted and has no substance to draw from. Thenceforward, development will slow down and eventually STOP and REVERSE unless some other value is found that can be exploited. Barbados’ ability to grow further with such an obstinate and uncreative Labour Movement entitlement mentality heralds the end of our experiment in independence. We seem to be in denial that we are living way beyond our means as well as merrily OVERVALUING OUR PRODUCTIVITY !! No one thought Venezuela could sink so rapidly into poverty. Will we only stop our extravagances when the shop shelves are empty?

    Reply
  87. Mervin Phillips
    Mervin Phillips November 14, 2017 at 10:00 am

    Mr stuart Sir you look like you on medication that got you drowsy cause every time you wake up from sleeping you talking idle .when the BLP leave office they leave over two billion dollers in you and thompson hands in reserves more than twenty weeks and now after nine years your minister of finance got it under eight weeks and now you trying to blame a man that driving a twelve hand thousand doller car using up foreign reserves,what sort of reserves buy your million doller benz and your minister of finance range rover,it look like somebody in barbados make the two of those vehicals,it seems like no foreign reserves were used in buying them you should stop blaming the public and blame the worst finance minister the ever had in barbados.

    Reply
    • andy g November 14, 2017 at 10:50 am

      don’t mislead people mervin.this is plain and simple. if you have fifty dollars in the bank and you spent it,then to sell a cow for fifty dollars to put back in the bank,you still out of something.now when this fifty dollars gone and there is nothing to sell ,yuh still in trouble. I think they did very well with that two billion ( if you are right) to clean up the financial burden that the country was placed under by the previous administration. find this strange almost every one seems to forget that burden.

      Reply
      • Jennifer November 14, 2017 at 10:54 am

        ???????? 2 billion. Is this correct?????? Anybody.

        Reply
  88. Mudiwa Cisse
    Mudiwa Cisse November 14, 2017 at 10:06 am

    This man is completely out of touch with reality..Is he serious?

    Reply
  89. Wahid Oldgirliegirl
    Wahid Oldgirliegirl November 14, 2017 at 10:08 am

    Lol

    Reply
  90. Dan Louis
    Dan Louis November 14, 2017 at 10:08 am

    Hate him it like him the guy is correct. Ok this one I give him a A+ grade.

    Reply
  91. Maureen Sho
    Maureen Sho November 14, 2017 at 10:08 am

    Everything in this place expensive. Buy things good price overseas to help yourself and the government tax the little man too much. Small business need a break.

    Reply
  92. Antonio Franklyn
    Antonio Franklyn November 14, 2017 at 10:31 am

    sooooo..taxing bajans aint work…ya gone to plan b which is blame dem? Same cars you tlkin bout is de same cars wanna politicians does be driving. So your same lifestyle is wa draining foreign reserves. Why dis man dont just hush tho? #worstprimeministerthusfar

    Reply
    • andy g November 14, 2017 at 11:18 am

      He said bajan lifestyle.(not your bajan lifestyle) if you all understand the English language , he did not exclude any one.Why then all you critic seeing them vs us.TRUTH IS WE HAVENT SEE THE WORST YET.Trinidad (oil) gone,Guyana (gold ,bauxite) gone,Jamaica (bauxite)gone.We sugar gone long time but we rally for a while .was only a matter of time for us.

      Reply
  93. Ernesta Catlyn November 14, 2017 at 10:58 am

    Wait! stop the Press immediately. That is Mia Mottley dress in a Freundel Stuart costume? He has to be the Opposition Leader or the leader of UPP, BIM, CAT, RAT, SHE etc. He always referencing to the fact that he has a mandate. I am even more worried because I thought he at least understood that mandate.

    MR Freundel Jerome Stuart – news flash – you are the Prime Minister, has been for the last x years and foreign exchange spending and or drainage and or controls is a part of the government’s portfolio. Ask Christopher Sinckler or the Governor of the Central Bank if in doubt

    Reply
    • Jennifer November 14, 2017 at 11:14 am

      Exactly – disoriented numbskulls/dufus. It must be the corns. I tell you it is the education, something was left out.

      Reply
  94. Angus Benn
    Angus Benn November 14, 2017 at 10:59 am

    How long these things was coming to BARBADOS.

    Reply
  95. andy g November 14, 2017 at 11:01 am

    HE said bajan lifestyle, ( not you bajans.)which according to the English language ,even the mps’ are included,so why are you all responding as if it is them vs us…..this one really cause you all to make asses of yourselves.pls try to read and understand

    Reply
  96. Beige Jann November 14, 2017 at 11:19 am

    Freundel you are an Idiot , you can fool all ,some sometimes , not all all de time ! Your days are numbered and instead of making a plan you playing de blame game .
    Now all de extra taxes you collecting on the same cars NOT YOU or YOURS though! Not fancy TAXIS neither ! But working people !
    The rich and Famous bring NUFF US hey ! Dem bulding 10 Million dollar homes and higher ! You getting TaX pun everything ! Where dE MONEY ! lets have an ODDIT OF GOV and Transparency !

    Reply
  97. Buun November 14, 2017 at 11:23 am

    This just tells you, this PM does not care about us! He wants to see us begging and suffering while he drives in a big cars that we paid for and entertain the rich with food and wine. Ok Caesar, you just want to keep the taxpayers refunds and inflect more taxes on the people while your party get 10% pay increases. Go and tell it to the Devil!

    Reply
  98. Michael Walcott
    Michael Walcott November 14, 2017 at 11:48 am

    I am speechless!

    Reply
  99. Ann Thomas November 14, 2017 at 11:50 am

    Yet another verse in the don’t blame me song.

    You are asking Barbadians to take responsibility for everything. It is time you, Mr. Prime Minister, take responsibility for your failed policies and the devastation you and your government has brought on this country.

    Take responsibility Mr. Prime Minister, the buck stops at you.

    Reply
  100. Celestine Duke November 14, 2017 at 12:10 pm

    What about your car you bragged about.Sheesh just shut up.

    Reply
  101. Levi Mayers
    Levi Mayers November 14, 2017 at 12:12 pm

    he is a whole crutch doh!!!! how my lifestyle could be draining foreign reserves when i cannot even afford to spend time stupse ignorant crutch he is.

    Reply
  102. Jennifer November 14, 2017 at 12:24 pm

    In a proper analogy, the prime minister, his cabinet and any future government is on lock down, Especially mental. The said things fundel is talking about is what has this country propped up and there is clearly nothing he can do. Try to stop any of it and he and all will sink too. Double neck rope hang sheep. Then throw in their financial mismanagement and lack of insight to top it all off. They hold no aces and the main poker players know all of this. All of this will one day boil back to that degree mill – the UWI and early “independent” economic formatting going as far back to EWB. All this will now take a rat approach, nibble a little and blow.

    Reply
  103. Angel Maloney
    Angel Maloney November 14, 2017 at 12:27 pm

    This man just better off being silent

    Reply
  104. Chris Jones
    Chris Jones November 14, 2017 at 2:06 pm

    ha ha ha ha ha ha ah aha ha ha ha aha hah waaaaaaaaah! Ma belly. Why he don’t sell he new house???

    Reply
  105. Carlisle norville November 14, 2017 at 2:11 pm

    I am in TOTAL agreement with christ Alleyne statement
    Back to the jucking board & coal pot ,cause according to the very brilliant prime minister ,our standards are too high( when he entertaining he white friends,& returning whites with champagne, wine, & rum & lavish meals, his standards are not high, & when he got his new brand merzadeze ben his standards were not to high ,what amazes me is frundel defraud , thinks that all awe pun a slave plantation, & he is Massa ( fruandel is a BIG let DOWN,
    & i regret that i had place any confidence in him .that ugly black man referring to mia as demond ,he should take a GOOD look in a
    proper mirror & realize the last thing he should be doing is talking about looks ( cause he in got NO good looking features, he look like a real ugly black slave child, he cant tell me nothing, cause i am a handsome man , according to what the ladies tell me.ha haahaaaaa & de last time i check my face in de miror ,i ant only good looking, i got good hair to ,bagan colour girls love that.anyway looking forward to getting rid of these bunch of boys ,that dont know what they are doing.( our day will come )when we all will get some ease from these black boys in white suits

    Reply
  106. Anton Brown
    Anton Brown November 14, 2017 at 3:00 pm

    I can’t wven comment on this utter nonsense. Gine just smdh cause this bout the craziest thing coming out his mouth

    Reply
  107. just wondering November 14, 2017 at 3:29 pm

    I does hear bout these ministers that like to travel overseas every minute too, wid family et al. I wonder what currency dem spending since ya can’t spend Bajan dollars anywhere now but Barbados.

    Reply
  108. Bev Clarke
    Bev Clarke November 14, 2017 at 3:29 pm

    Like purchasing Mercedes Benz? LOL. Wouldn’t a donkey cart do for you?

    Reply
  109. Hellicopter(8P) November 14, 2017 at 3:32 pm

    This is streight foward to the bone. Many Barbadians I found to have left the traditional way of dining, for a fastfood processed style of nurishment! I recognised this during the early nineties when I had returned home to give service to my country. No one wants to soak a pint and a half of whole-peas; make a breadfruit cou-cou, or pulp eddoe pickle. No! as they say that ain’t my kindo’ food! In my village grape-fruits, dried coconuts, sevil sweet oranges and shaddoks were left on the soil for the millipeades! I have just mentioned this to express how I feel about our 3 quarters od a billion dollars in food imports when we can do lots better with a better mentality. Ask any Vincie Baje from my village if they eat the processed imported canned stuff?

    Reply
  110. Tee White November 14, 2017 at 3:32 pm

    The recent reported statements from Minister Donville Inniss, that our country’s economic model is obsolete, from ex-Prime Minister, Owen Arthur, that the era of the welfare state is fast coming to an end and from the Prime Minister that the depletion of the foreign currency reserves is a result of Barbadians’ lavish lifestyles should make all Bajans sit up and take notice.

    It is clear that the economic model which our country has followed over the last 50 years of ‘independence’ is nearing the end of its life and that Bajans will have to get involved in determining what will replace it. The approaching collapse of this model is also proof that turning the economy into a tourism and services economy, organised to meet the economic interests of the local elite and the foreign investors is no way to build a sustainable economy for an independent country.

    To claim that Bajans are living a lavish lifestyle is quite simply untrue. It may be true for the local millionaires and billionaires and the politicians attached to them but it is definitely not true for most Bajans and so this cannot be the cause of the current economic difficulties. Nor can anyone in their right mind claim that Bajans have access to any excessive welfare state. We don’t have an effectively functioning modern hospital and the CEO of QEH recently stated that there is a BD$45 million shortfall in the funding of the hospital; the public transport system is struggling with a recent claim that as few as 80 buses out of the fleet of 320 are able to be on the road on a daily basis; death grants take nearly a year to be received and so on. So it’s disinformation to try to pin the cause of the crisis on the needs of ordinary Bajans, many of which go unmet.

    According to the World Bank, the Gross Domestic Product of our country in 2016 was BD$9.18 billion. That means that through our labour, the working people of Barbados created BD$9.18 billion worth of wealth. The government took BD$2.7 billion or 29% of it in taxes and the other BD$6.4 billion or 71% was shared out between the workers and the owners of the various companies and businesses operating in Barbados. We know from experience that most of that didn’t go to the workers. So the problem isn’t that we are not producing the wealth. The problem is that some people are pocketing most of it and then telling us that we don’t have money. For example, according to the Barbados Government Estimates for 2016-2017 which were tabled in Parliament on 8 March 2016, the gap between the government revenues of BD$2.7 billion and its expenditure of BD$4.4 billion is BD$1.7 billion and the amount we are paying on debt servicing is BD$1.5 billion. So putting a moratorium on debt repayment would practically get rid of the fiscal deficit.

    For too long, ordinary Bajans have allowed others to define our options for us and to do so in a way that benefits them and harms us. We have to intervene in this discussion to secure our interests. If our economy can’t provide us with the necessities of a modern life in 2017, after nearly 400 years of our blood and sweat building this country, then it certainly can’t afford to support millionaires and billionaires, can’t afford concessions to the foreign investors who are buying up our west coast and can’t afford to pay BD$1.5 billion in debt repayment each year. If the government hasn’t got enough money to get the Transport Board buses back on the road and running efficiently, it hasn’t got enough to be making payments to private interests as a result of contracting out of government services.

    Barbados needs an economy which is geared towards meeting our people’s needs, with as many productive sectors as possible, including agriculture and manufacturing. We need research and development units to explore opportunities for diversifying and developing our economy. Measures are needed to bring waste agricultural land into production. We need an investigation of the import sector so we can see if this is the cause of our excessively high cost of living. The tourism sector also needs to be investigated to find out what is happening to the wealth generated in this sector. Money collected by the government to carry out its responsibilities to society has to be accounted for down to the last cent, and those caught with their hands in the till have to make a trip to Dodds.

    Some of us mistakenly believe that we will solve our current economic problem by voting out Freundel and the Dems and putting the BLP in power but unless Bajans organise and empower themselves to take hold of our country, the situation will only continue to get worse.

    Reply
  111. Bev Clarke
    Bev Clarke November 14, 2017 at 3:39 pm

    Errol Barrow’s tears are causing the oceans to overflow.

    Reply
  112. milli watt November 14, 2017 at 3:42 pm

    FRUNS got a point albeit late in the game……I am not surprised by the responses. This crowd going hitch their continued misplaced, credit card financed, live like the Joneses, don’t have enough to send school the children but enough to buy a top up fraud existence on de MOTTLEY CREW my word from wus to wussa stupse. this is a joke of a place and these comments are a testament to that.

    Reply
  113. Vernon Harris
    Vernon Harris November 14, 2017 at 3:50 pm

    Wasn’t the $700, 000.00 plus Mercedes Car for you also a drain on the foreign reserves too?

    Reply
  114. Brenda Baptiste
    Brenda Baptiste November 14, 2017 at 4:20 pm

    He serious? Or he serious?

    Reply
  115. Valerie Knight
    Valerie Knight November 14, 2017 at 4:54 pm

    All them parties for frequent visitors to the island, that money come from the people taxes.How come I never get invited is it because I was born there. The PM and his cronies should stop blaming the opposition, them never printed money and spent it like confetti. Another thing people were better off financially.

    Reply
  116. Breadfruit. November 14, 2017 at 5:09 pm

    Why winnuh cussing D man so?
    He nor any of DEM is not BARBADIAN

    Reply
  117. Monique Kashia
    Monique Kashia November 14, 2017 at 5:19 pm

    Smh…these words are a reflection of what dem really think of bajans and yet there are ppl who will defend dem right down to devaluation..why??, because their grandparents.mothers father’s aunts and uncles voted fuh dem…

    Reply
  118. Andria Eversley
    Andria Eversley November 14, 2017 at 6:13 pm

    Nothing

    Reply
  119. Belfast November 14, 2017 at 6:14 pm

    A new Mercedes . A monument on the Garrison that the taxpayers of this country are yet to be told the final cost. A nuff nuff million dollar BWA headquarters, while its distribution system is in disarray, and the sewerage spilling all over the south coast. A new SSA nuff nuff million dollar HQ, while there is no money to buy new truck and garbage piling up all over the island. The useless exercise of cultivating many acres of wild river tamarind fields.
    $20,000 monthly being paid out to Sagicor for the rental of a building that is yet to be utilised. Million of dollars being paid annually for rental of private office accommodation for some ministries, while allowing abandoning other government building, that could otherwise be repaired.

    Do not blame the Bajans, with their “Electrified homes, Running water, and wall houses.”
    All of these wasteful and extravagant roads lead to you Mr Prime Minister.

    Reply
  120. Belfast November 14, 2017 at 6:19 pm

    The Statue of Errol Barrow should be completely draped in black until this lot is removed from power.

    Reply
  121. Watchman November 14, 2017 at 6:20 pm

    I have noticed that anytime there is a crisis or that a problem raises its head, you hear that it is “society”, “the church, “the schools” or “Barbadians”. Why is it that these politicians never see themselves as the problem or part of it? Why is it that these who pretend to know so much or everything ….. and take the credit if a little success comes, NEVER accept that they are responsible for the problems? Furthermore, why do they always talk about having consultations or Town Hall meetings, then take the credit for suggestions coming from the ordinary Barbadian?

    Reply
  122. Robert Goren November 14, 2017 at 6:23 pm

    Saga Boy & Green Giant………..give me a break………….

    The only people that would readily accept Stuart’s political rhetoric are gullible yard-fowls.

    Businesses cannot trade, import or conduct business using foreign exchange unless such transactions are approved by the Central Bank and by extension…….. government.

    And the last time I checked, the Central Bank was not a private sector entity.

    If government was so concerned about the depletion of foreign reserves and people’s lifestyles, they should put measures in place to curb its usage by banning the importation of certain consumer items.

    Green Giant, while you’re at it, don’t stop at the BLP……….it would also be fair to ask, Grenville Phillips II of Solutions Barbados; Lynette Eastmond of the UPP and Wendell Callender of CAP, what they would do under the circumstances, since the leaders of those “third parties” are also vying to be PM.

    Reply
  123. Robert Goren November 14, 2017 at 6:27 pm

    In other words………… Stuart complaining about foreign reserves and lifestyles, while government has been facilitating consumption by approving the foreign exchange transactions is non sequitur.

    Reply
  124. Lorenzo November 14, 2017 at 6:32 pm

    The PM cannot be serious,we are to blame for the poor economic management by the Government led by him?This is unbelievable,the blame game continues ,nothing is ever their fault.Who is responsible for the 20 downgrades?In any other country ,the Minister of Finance would be fired long ago,even in Barbados under Mr Barrow,Mr Adams or Mr Arthur.He would not have been in the position in the first place.It is time for this Government in office for ten years to take responsibility for their failures and stop looking for excuses or scapegoats.

    Reply
  125. Shawn Gilkes
    Shawn Gilkes November 14, 2017 at 6:38 pm

    I guess that dem realized that cornbeef and biscuits can’t buy people anymore

    Reply
  126. Ronda Brabham
    Ronda Brabham November 14, 2017 at 6:54 pm

    What is he really smoking /drinking??

    Reply
  127. Ralph Greene November 14, 2017 at 7:26 pm

    Mr. Stuart you knew what you signed up for. Plus no example was set by this guvmunt to curb spending nor any creation of alternate industries. Just tax the hell out of people and turn around to blame them.

    Reply
  128. Roverp November 14, 2017 at 7:47 pm

    Seems all this government does is blame people, circumstances and anything else. In their eyes they are the best thing that ever happen to BIM. One of the reasons for the fall in foreign reserves is a tourism leakage rate of 75%. We also have failed to manage TOURISM properly and hence the serious effect upon our lifestyles. We also failed to develop other industries that would bring in FX as well as put much needed money in our treasury. We are living large on lots of government borrowed money for the many failed government projects including Sherbourne, the Gymnasium Kensington Redevelopment the Transport Board, CBC and many more as well as lots of highly ineffective government departments. Many government projects had no ROI as part of the project. We had many poor systems of governance in our civil service that have place lots of square pegs in round holes and hence really POOR MANAGEMENT. Our lifestyle has never been sustainable since we changed it in the 1970’s. We have become a selfish, prideful, arrogant and no very wise people that have made it really tough for future generations. Change is needed but I wonder if we have the wisdom and willingness for such change.

    Reply
  129. Roverp November 14, 2017 at 8:26 pm

    Can Civil servants who have not had a raise in about nine years really be blamed?

    Reply
  130. MARIA Holder November 14, 2017 at 8:37 pm

    PM you need a speech writer because you have no idea how to win friends and influence people. Barrow made those types of comments to a vastly uneducated people. People have been educated and you, Sir are certainly no Barrow

    Reply
  131. MARIA Holder November 14, 2017 at 8:39 pm

    And Sir, if you send back certain persons’ cars that are in the port right now, you might gain some leverage

    Reply
  132. Shari A Lobo
    Shari A Lobo November 14, 2017 at 8:46 pm

    I don’t think the voting public lifestyle is what’s in the auditor generals report!

    #comeONBarbados

    Reply
  133. Keen Observer November 14, 2017 at 8:58 pm

    It is true that many products on our shelves are imported. In addition there are many challenges to our international business sector from countries who would like to see Barbados black listed. Finally, even has sugar faded, tourism can no longer carry this economy especially with fresh markets like Cuba attracting tourist in search of new destination. Lets us not pretend, the more Barbadians on cable TV the more they want. There is nothing wrong with wanting the North American lifestyle as long as we are willing to be productive at work.

    Reply
  134. luther thorne November 14, 2017 at 9:45 pm

    Well lets face it , there is absolutely no justification for giving the DLP another term. None!

    Reply
  135. milli watt November 14, 2017 at 9:53 pm

    this country truly in free fall given the responses……..nothing but carnage when it hit.

    Reply
  136. Saga Boy November 14, 2017 at 10:14 pm

    This is so very depressing. This is clear evidence that there are lots of ignorant bajans on this thread. Many of you exhibit an IQ of below 1000. Your arguments are illogical and purely emotional. Anyone with basic common sense knows that if we had a different lifestyle which was based on consuming more local goods and services we would not have a foreign currency problem. If I were the PM I would cap the number of cars to be imported. I would also introduce a problem on import substitution. I would control the prices of goods offered by the private sector.

    Reply
  137. LiveUp November 14, 2017 at 10:49 pm

    He who knows and know not he knows ….He is a fool shun him !!!!!

    Reply
  138. Darson November 14, 2017 at 11:38 pm

    The Prime Minister is so Right : I do agree the Hotels and restaurants Use most of the Foreign exchange to service the Tourist industry, and that is why I agree with the 8% increase in Tax , but we do not now have A single Soft Drink made in BIM and precious little Else .The truth is this : even when we tried 100% Bajan : 99.9 % of all that went into the production was imported. Salt ,Corn ,oil …
    Maybe this Speech is being Judge in the same way as the Cane Blade Speech .
    I do not believe the foreign Currencies are getting to to the Banks and is being Siphoned off in hope the Dollar Devalue so those holding it will have a windfall should it Happen ,But Not On DLP watch, so bring it back in .

    Reply
  139. Solutions Barbados November 15, 2017 at 8:12 am

    The foreign reserves keep falling not because of imports so much, but because the government is paying back foreign loans in US dollars out of the foreign reserves. They keep borrowing money from foreign institutions which must be repaid in US dollars. These loans are not to finance cars or food or clothes, they are to finance unnecessary government projects. If government was able to get it’s expenditure in line with it’s income and stop borrowing money to finance the deficit, the foreign reserves would stabilize. This method of managing this country’s financial affairs must STOP!! If they keep operating this way, we will soon be without gas and electricity when we have no money left in the foreign reserve to pay for fuel and food.

    Reply
  140. David Hall November 17, 2017 at 10:59 am

    I have never heard less ‘useless’ comments; is Mr Stuart the Prime Minister is or isn’t he. He just needs to resign. he is clueless about just about everything.

    Reply
  141. Foster November 19, 2017 at 1:45 pm

    Importers want to have their cake and eat it too. If persons would declare the correct amounts of foreign exchange that they remit overseas to purchase goods then the taxes collected would increase the tax take and they would not be the need to levy additional taxes. Will integrity legislation help with persons integrity

    Reply
  142. Alan Winter November 19, 2017 at 8:55 pm

    Barbados is UNBELIEVEABLY EXPENSIVE !! Computers are extortionate compared to the UK and USA. Car batteries cost £30 in the UK and over $350 plus here. Pure Greed upping the cost of goods here.

    The MPs on UNBELIEVABLE salaries for a small island. And do little for the people. Road tax DOUBLED and not one road properly fixed. All the developed nations, including Jamaica have decent roads, no potholes because they enforce SAFETY laws.

    Its disgusting all they focus on is MONEY and now blaming Bajans when the citizens dont have a say in what YOU import. You even importing things that can be made, grown and manufactured here. Bloody clowns got Barbados how it is NOT the citizens.

    I always thought this system was a joke, he really trying to frustrate people !!

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *