Wednesday, November 15, 2006

Khairy's Posterior Speaks

You know what? I'll confess to the fact that when I first heard of a Khairy Jamaluddin and what he was "achieving" behind the scenes with Pak Lah, I was mightily impressed and was in awe of what he may be able to achieve for the country. He was intelligent, he speaks the reformist agenda and I believed that we had a young progressive leader with great potential in the making.

Oooh... you cannot imagine how my heart breaks each time he spews his racially-biased rhetoric, and manipulates statistics and half-truths for political mileage within UMNO. And he is doing that with increasing frequency. To think that I was naive enough to believe that Khairy had the interest of the nation at heart.

Deputy Prime Minister, Datuk Seri Najib Abdul Razak and Parliamentary Secretary for Foreign Affairs, Datuk Ahmad Shabery Cheek have both confirmed that the NEP is a Never Ending Policy. Now, Khairy, the UMNO Youth Deputy Leader not only wants to have it extended indefinitely, but also to raise the targets for equity achievement by Bumiputeras to 70% from the current 30%! And this was supported by the UMNO Youth Leader and Minister of Education, Datuk Seri Hishammuddin Hussein.

Is he mad? Or has he lost all abilities to interpret statistical tables?

Based on the 9th Malaysia Plan published tables, which itself is in dispute, as at 2004 based on par value:
  • Bumiputeras own 18.9%
  • Non-Bumiputeras own 40.6%
  • Nominee Companies own 8.0%
  • Foreigners own 32.5%
Hence, assuming that foreigners continue to be more welcomed as investors in the country, more so than the country's non-bumiputeras, by seeking a 70% ownership for bumiputeras, Khairy Jamaluddin is effectively asking for the non-bumiputera community to transfer ALL equity assets to to bumiputeras! The end result will be:
  • Bumiputeras own 70%
  • Non-Bumiputeras own 0%
  • Nominee Companies own 0%
  • Foreigners own 30%
I'd like to think that despite having transformed himself into a Malay ultra, the above isn't what he had intended. But his statement clearly demonstrates either his lack of ability in interpreting statistics, or worse, his mischievious and irresponsible attempt to manipulate half-truths to remake himself as a communal hero.

Either way, Khairy's posterior has spoken.
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