Showing posts with label Frank Smith. Show all posts
Showing posts with label Frank Smith. Show all posts

Tuesday, July 6, 2010

Tension in the Progressive Liberal Party (PLP) over the Public Accounts Committee (PAC) of the House of Assembly failure to meet regularly

Senior PLPs butt heads
By JUAN McCARTNEY ~ Guardian Senior Reporter ~ juan@nasguard.com:


Tension has erupted in the Progressive Liberal Party over the Public Accounts Committee (PAC) of the House of Assembly's failure to meet regularly and shed light on how the Ingraham administration is spending the public's finances, The Nassau Guardian has learned.

The party's national chairman Bradley Roberts has reportedly criticized the party members for not taking the job seriously.

He reportedly believes opposition members — who hold the majority on the committee — are missing key opportunities to hold the government's feet to the fire as it relates to public spending.

The PAC is responsible for auditing government accounts and ensuring that money designated for public spending is being properly managed.

The Nassau Guardian understands that Roberts has threatened to take on this issue at the PLP's National General Council's next meeting.

The Guardian also understands that former chairman Glenys Hanna-Martin has taken exception to the criticism levied by Roberts on this matter.

Chief Clerk Maurice Tynes said the PAC is obligated to report to the House of Assembly at the end of every parliamentary session. He noted that Parliament was prorogued earlier this year, however, the group did not present a report.

PAC, which is chaired by Bain and Grants Town MP Dr. Bernard Nottage, has reportedly not met since the new team was appointed.

Other members of the PAC include Fox Hill MP Fred Mitchell, St. Thomas More MP Frank Smith, South Abaco MP Edison Key and Pineridge MP Kwasi Thompson.

Smith said last night the committee has not met "in a little while" and he could not say when it will meet again.

It is reportedly Roberts' contention that the opposition is missing key opportunities to expose any shortcomings that may exist related to the public purse and how money is being disbursed.

Roberts said last night he had no comment on the matter. Nottage could not be reached.

The Guardian understands that several other issues have caused contention among the upper echelon of the party. Recently memos were circulated within the party by its top brass to parliamentary members warning them to bring their public disclosure filings up to date, according to inside sources. The party has also recently expressed internal concern that PLP leader Perry Christie failed to spend the $200,000 allotted for MPs to spend in their constituencies in the 2007/2008 and 2008/2009 budgets.

The tension comes as the PLP seeks to get a jump on the upcoming elections.

The PLP has recently named several candidates that it proposes to run in the upcoming elections.

July 6, 2010

thenassauguardian

Wednesday, June 9, 2010

It's all Prime Minister Ingraham's fault!

tribune242 editorial:


THERE ARE those in the PLP who are loath to believe that the necessity for the austerity Budget now under debate in the House of Assembly is the direct result of a world economic collapse - caused by human greed that got out of hand and, following the laws of nature, exploded.

No one heeded the Bible's advise to make certain to keep storehouses full during the seven fat years so that when the seven lean years of famine followed, a people would not perish. The world was giddy with success as the bubble continued to expand. Although there were signs that it could take no more pressure, no one -- except a handful of sceptics -- would concede that it would burst, certainly not as quickly and as dramatically as it did. And so no national leader -- Prime Minister Ingraham included -- was prepared. The Bahamas' continued success depended on the United States, which, to all appearances, was moving ahead with a fair wind in her sails.

The sudden collapse of the unregulated US banks started to bring the house down as every world bank scrambled for safe shelter.

Everyone -- Prime Minister Ingraham included -- had to decide how best to trim the nation's sails and fight to get the ship of state back on even keel.

Although the calamity was slowly creeping up on us, the final collapse came almost overnight as the world's economy started to go down like ten pins in a bowling alley.

Recently Greece crumbled and had to be bailed out by the eurozone countries and the IMF. It was hoped that a short reprieve would give her a chance to catch her financial breath. However, her people, unprepared for such dire news, took to the streets, creating even more confusion. Civil servants were striking in Spain because their salaries had been cut five per cent across the board. Note, although there is a freeze on salaries and promotions in the Bahamas' civil service, no one has lost his job. In other countries, the civil service was the first to be jettisoned.

The fight is now on to save the euro as the United States fears what a European monetary collapse could mean to its own future. No country is exempt from the shock -- except, of course, according to the PLP, Prime Minister Ingraham, whose lack of foresight is the cause of the Bahamas' calamity.

We were particularly surprised to hear St Thomas More MP Frank Smith (PLP) say in the House last week:

"Nowhere in this Budget does the Prime Minister accept any responsibility for having in anyway contributed to the mess in which the country finds itself. This Budget seeks to convince us that everything negative is due to 'global economic forces.' That lack of truth makes the Budget fundamentally dishonest. And, Mr. Speaker, if we are to accomplish any positive goals there is no greater need than for honesty from our Prime Minister."

The reason we are surprised to hear these words from Mr Smith is because his father-in-law, Franklyn Wilson, chairman of the Sunshine Group of Companies, certainly knows what an international economic downturn can mean to a single business in the Bahamas.

After much fanfare and an investment of some $35 million in construction on his company's Cotton Bay resort at Eleuthera, it was on July 22, 2008 that Mr Wilson had to admit that the whole project had been placed in a "holding pattern." The reason: It would be "unwise" at that time to build and open a Bahamas-based hotel due to the "global economic malaise."

In common with multiple other mixed-use resort projects throughout the Bahamas, said Mr Wilson, Cotton Bay had felt the full impact of the US economic downturn, in particular the financial system's credit/liquidity crunch.

This, he said, had made it almost impossible for any remaining purchasers of real estate in these developments to either obtain debt financing for their acquisition, or at the right interest rates.

No one suggested that Mr Wilson had made foolish business decisions to force the "holding pattern." Everyone accepted that it was a situation beyond his control, a situation -- like the present one -- that was off our shores. Maybe, Mr Smith should have a chat with his father-in-law to understand how we are really one big global family, which when one fails in a big way, the others suffer. However, I am told that Mr Wilson was himself heard to be almost repeating word for word what his son-in-law had said in the House. Maybe it would be a good time for him to sit down and have some quiet reflection with himself.

Of course, Mr Smith and his comrades, are blaming it all on what they call Mr Ingraham's "stop, review and cancel" policy of projects that they were dealing with -- but had not completed -- before they were voted out of office. If they had such faith in those projects then they should have seen them through. If they had not been so indecisive, and circumscribed by so many committees and so much talk, when Mr Ingraham took over the administration there would have been nothing for him to stop, review or cancel.

Mr Smith says that each and every day the PLP is preparing itself to bring a change of government. If their five years in power -- and these unfinished contracts, which Mr Ingraham wisely stopped, reviewed and in some cases cancelled -- are indicative of what this country can look forward to, then our advise is that the PLP should step aside. Their five years of poor performance has already been five years too many.

June 09, 2010

tribune242 editorial