Pheu Thai, Democrats To Cross Swords

[webfact]

Pheu Thai, Democrats to cross swords
The Nation

BANGKOK: -- The Pheu Thai Party and the opposition Democrat Party have ramped up their preparations for this Thursday and Friday's House debate on the Bt2-trillion borrowing bill for massive infrastructure projects.

Pheu Thai has reportedly readied details about how the Democrat-led government spent money obtained through two huge foreign loans to use as counterattacks to the expected grilling from the Democrat MPs, 40 of whom have been assigned to comb through the details of the bill and pick it apart.

Pheu Thai has set up a war room for the borrowing bill debate. Finance Minister Kittiratt Na-Ranong, Transport Minister Chadchart Sittipunt and PM's Office Minister Varathep Ratanakorn have been designated as key speakers to respond to the opposition's attacks.

Manning the war room will be senior Pheu Thai MPs and such other key figures as party secretary-general Phumtham Wechayachai, Chaturon Chaisang, Sompong Amornwiwat, Noppadol Pattama, Education Minister Phongthep Thepkanjana, Chusak Sirinil and former prime minister Somchai Wongsawat. Government whip leader Amnuay Klangpa said the scrutiny should last no more than two days, as designated.

Facebook has emerged as a front in the borrowing battle, with Prime Minister Yingluck Shinawatra's official page promoting the mega-projects while highlighting their benefits, including lower logistics costs, growth in gross domestic product as well as boosting Thailand's competitiveness and connectivity with neighbours.

Democrat MP and former finance minister Korn Chatikavanij took to his Facebook page to vow attacks on the sources of the loans, particularly how the Bt2 trillion loans would be obtained through special legislation instead of the normal budgetary process.

The government has said the borrowing bill would be promulgated as an act through the same procedures as the budget. The bill has 19 articles covering the sources of loans, the spending plans and payment conditions, as well as a 268-page appendix detailing around 100 projects.

Secretary-General to the PM Suranand Vejjajiva has defended the bill, saying that a check mechanism comprising three key state agencies would be set up to monitor the implementation, progress and transparency of payments.


-- The Nation 2013-03-26

[bigbamboo]

The PT war room indeed! Korn and AV will wipe the floor with that bunch of toy soldiers.

Should be quite a bloodbath.

[AleG]

So Yingluck will be a no-show again, typical.

They should explain to her that posting stuff on her Facebook page is not the same as attending parliament.

[chainarong]

This is not a good idea, borrowing 2tn Bht, the PTP point out that the opposition borrowed large amounts when in power , are PTP borrowing from the same institution"s and at the same terms, I think not.

[GrantSmith]

"Secretary-General to the PM Suranand Vejjajiva has defended the bill, saying that a check mechanism comprising three key state agencies would be set up to monitor the implementation, progress and transparency of payments."

Hahaha hilarious... Set up to ensure everyone gets their cut...

[Pimay1]

"Secretary-General to the PM Suranand Vejjajiva has defended the bill, saying that a check mechanism comprising three key state agencies would be set up to monitor the implementation, progress and transparency of payments."

Hahaha hilarious... Set up to ensure everyone gets their cut...

Foxes.....hen house.

[Bagwan]

Forget the sword fighting. Go for hand grenades. I'll help to clear up afterwards.

[moe666]

The easy solution would be to give Big T the entire treasury of Thailand and then tell him to take a hike, but I think not enough

[Nowhereman60]

If it is up to the Democrat Party we would be living in the stone age. They have done nothing while in office to improve the country just like G3. It's about time something is being done to help improve the roads and rail system in this country. Leave it to the Democrat Party and we will have nothing but fixing up the old roads year after year and calling it progress. You think if the Democrat Party was in office there would be no corruption. Of course not, it's here to stay for a long, long time.

Edited March 26, 2013 by Nowhereman60

[muttley]

This is not a good idea, borrowing 2tn Bht, the PTP point out that the opposition borrowed large amounts when in power , are PTP borrowing from the same institution"s and at the same terms, I think not.

It's a very good idea if you want to stimulate growth.

People seem to forget Korn and Abhisits borrowing of 1.43 Trillion Baht in 2009. Despite a projected increase of the the GDP to National Debt Ratio of 60% (the Democrats are currently whining about the projected PTP ratio of 50% would you believe) Abhisit said that these figures would have no impact on the country’s economic stability.

"He said that most financial sources for the Investing from Strength to Strength project would come from local sources, so the Government would not burden the country with more external debt" (http://thailand.prd.go.th/view_news.php?id=4404&a=2)

Well it looks like that lie will come to the surface in the next day or so:

Pheu Thai has reportedly readied details about how the Democrat-led government spent money obtained through two huge foreign loans

[Payboy]

Pheu Thai, Democrats To Cross Swords

That analogy is a bit off considering at least one side just has empty scabbards.

[siampolee]

Muttley,

The growth seems somewhat stunted according to comments made by the Comptroller General.

Could you explain please to we lesser mortals just how the inability to settle accounts now falling due are going to lead to a stimulation of economic growth ?

[muttley]

Muttley,

The growth seems somewhat stunted according to comments made by the Comptroller General.

Could you explain please to we lesser mortals just how the inability to settle accounts now falling due are going to lead to a stimulation of economic growth ?

If you're not aware that the two budgets are seperate and independant of each other I find it hard to believe that I could educate you on economic growth stimulation. Try google.

[Nickymaster]

Ah, Thaksin's personal assistant and lawyer Noppadol Pattama is also in the PT war room. The guy that made a statement last week claiming that Thaksin didn't have any shares in PTT. Oh yes, he earlier also said that Thaksin never used Robert Amsterdam to lobby for him. In other words, Noppadol is a proven liar.

It must be very important for the Shins to push this trough. Even Thaksin's brainchild, the amnesty law, is put on hold for it.

Christmas might be coming early for the Shins.

Edited March 26, 2013 by Nickymaster

[Nickymaster]

Thailand is lucky to have a strong opposition like the Dem Party. Immagine if a corrupt party like the PT/Thaksin Party would have little opposition. Thailand would be like Cambodia or Zimbabwe. The rich would get richer and the poor would get poorer.

[rubl]

Since you did it, why can't we? Since your plans were faulty why cant we have some of our own?

"If you're not aware that the two budgets are seperate and independant of each other ..."
translation: the two loans we handle completely separate and therefor they do not interfere with each other. Only part still to be worked on is transparently looking through the fact of the single source which needs to repay the loans. That's the Country of Thailand or more precisely us poor taxpayers :-(

[Locationthailand]

This is not a good idea, borrowing 2tn Bht, the PTP point out that the opposition borrowed large amounts when in power , are PTP borrowing from the same institution"s and at the same terms, I think not.

It's a very good idea if you want to stimulate growth.

People seem to forget Korn and Abhisits borrowing of 1.43 Trillion Baht in 2009. Despite a projected increase of the the GDP to National Debt Ratio of 60% (the Democrats are currently whining about the projected PTP ratio of 50% would you believe) Abhisit said that these figures would have no impact on the country’s economic stability.

"He said that most financial sources for the Investing from Strength to Strength project would come from local sources, so the Government would not burden the country with more external debt" (http://thailand.prd.go.th/view_news.php?id=4404&a=2)

Well it looks like that lie will come to the surface in the next day or so:

>>Pheu Thai has reportedly readied details about how the Democrat-led government spent money obtained through two huge foreign loans

But you forget things were on track and growth was occurring, however it kinda went off the rails when a bunch of socialist farmers and friends took over the city, shooting at civilians and finally setting it ablaze. These things tend to screw up growth... stunt the prospects of fiscal responsibility or hamper accounting to cover loans, thus you can dis the previous loans under the previous govt as much as you like, but don't be sorry about educating us mere mortals. Being benign as part of this tumour is so much fun.

[khunken]

This is not a good idea, borrowing 2tn Bht, the PTP point out that the opposition borrowed large amounts when in power , are PTP borrowing from the same institution"s and at the same terms, I think not.

It's a very good idea if you want to stimulate growth.

People seem to forget Korn and Abhisits borrowing of 1.43 Trillion Baht in 2009. Despite a projected increase of the the GDP to National Debt Ratio of 60% (the Democrats are currently whining about the projected PTP ratio of 50% would you believe) Abhisit said that these figures would have no impact on the country’s economic stability.

"He said that most financial sources for the Investing from Strength to Strength project would come from local sources, so the Government would not burden the country with more external debt" (http://thailand.prd.go.th/view_news.php?id=4404&a=2)

Well it looks like that lie will come to the surface in the next day or so:

>Pheu Thai has reportedly readied details about how the Democrat-led government spent money obtained through two huge foreign loans

This is not the first time that you have posted these half-truths.

The Dems included the FIDF B1.14Tn in their calculations - transparently.

All the PTP budget percentages are artificially reduced since they swept the FIDF amount under the (BOT) carpet.

I support a government taking out loans to improve a, quite frankly, snail-rail network. That is about time.

But all this hot air about high-speed trains is a white elephant concept that needs a lot of explaining (feasibility results etc) to half-way justify it. Also, the completion dates just emphasise the lack of anything realistic about the whole 'idea'.

Sorry, forgot that the lunch boxes are sorted out.

[waza]

So Yingluck will be a no-show again, typical.

They should explain to her that posting stuff on her Facebook page is not the same as attending parliament.

Sorry AleG but Yingluck doesnt even post on her facebook page...........

Apart from Oak's fan page, the Pheu Thai Party has another team led by Chayika Wongnapachan, Yaowaret Shinawatra's daughter, to manage Yingluck Shinawatra's Facebook page by posting all positive information about the prime minister. http://www.nationmultimedia.com/politics/The-growing-influence-of-social-media-30193981.html

[theajarn]

So Pweh Thai's excuse for stealing money is "You stole money too!". Excellent reasoning.

[smutcakes]

This is not a good idea, borrowing 2tn Bht, the PTP point out that the opposition borrowed large amounts when in power , are PTP borrowing from the same institution"s and at the same terms, I think not.

Can you tell us who the Democrats borrowed off and what the terms were, equally what are the PTP terms? which make you