…and to hapus Umno, we’ll start with Najib. He personifies and encapsulates all that is hated about Umno: a bunch of whoring Malaiyoos, busy lining their pockets instead of governing, and fascist to boot. We will do it to Umno even if the Chinese have to do it alone. Other Malays, other bumis and the Indians can do what they want, or join us or not join us. Any which way, we have made up our minds. We are finished with Najib.
Mahathir Mohamad is wrong on point of economic fact and wrong again on point of his logicism. He says,
So, Mr. President of the MCA, stop trying to make any criticism of Najib’s borrowings from China as a racial issue to gain the support of the Malaysian Chinese. It is not racial. It is national.
The MCA has no support left to be gained from the Chinese Malaysian; even MCA rank and file members support the movement against the excesses of Umno. If Najib (or the MCA) can gain political mileage out of China, it is tough to square with the words of the Chinese ambassador who has warned Umno: threaten and hurt the Chinese, China “will not sit by idle.” It has not occurred to Mahathir, China has now additional munitions, more than MYR 100 bn worth, to put Najib away in a box.
Mahathir also says:
Giving the contract to a foreign company means the money will flow out of the country. This is not healthy for any country.
Where did Mahathir learn his economics? At more than 90 years old, he still hasn’t mastered even the most elementary macroeconomic laws: Capital gains and losses is not a zero-sum endeavor. If it were, Malaysia should shut down the stock exchange, where capital outflows on any single month beat the years of contracts added up from Najib’s China deals. He should have shut down the Central Bank as well and turn the country into a hermit kingdom like North Korea or Myanmar, after which he has no need to fear money outflows.
Mahathir lies: it is out of spite of Najib and not ‘love of country’ — patriotism supposedly — when he picks on the MCA to put down an Umno political opponent.
Fuck you, Old Horse. You’re down to your old, tired, racist tricks. They don’t work any more and are completely counter productive.