NO wonder the PLD wants to shut down the press!

Ladies and gentelmen posters of DT,

I thought I would share this email I got from one of the esteemed members of this website!

"From: juanpabloduarte To: josean
!
Send date: 17 September 2009, 2:49 PM
im sick of you and your negative comments show oyur face you dirty haitian so i can out you out of oyur misery. just know im watching you real closely"

You see what I mean, Trujillo was killed but not Trujillismo!

Racism, the implement of the ignorant.

Dominicans alone are responsible for this disaster. Don’t you remember all the chest beating about DR being ‘Teflon’? Well they kept spending like things were OK, now they have their hands out like a bunch of homeless bums.

I have come to believe that the followers of Lie-onel Fernandez are like cult members, ala Jim Jones in Guyana, they will drink any Kool-Aid they are given.

I can’t understand how otherwise intelligent people still give this charlatan and his corrupt cronies the benefit of the doubt. He spits in the countries face tells them it’s raining and the blindly accept it.

This should make a great doctoral dissertation on how so manypeople suspend rational judgment to believe in fantasies.

wait until the 3rd quarter stats come in! downturns are cumulative, unless met with stern medicine. the only thing this government has done is to kill the economy with deadweight loss from taxation and special assessments. did you know that if you buy a case of beer for 750 pesos, the government adds another 600, plus the itbis? so, they collect more than the cost of the product? how can an economy function with that kind of thinking?

dread,

What do you think should be the real exchange rate between the peso and the dollar at the moment?

two years ago, i said that by February of this year, it would be 41 to one. well, as i usually am, i was wrong. the governor of the central bank has managed to manipulate the currency to keep it at this level. too many misguided policies have been in place. extremely high interest rates to attract "hot money" well, you buy high, you must sell high. so, interest rates on loans for business are out of reach for many, and debilitating for others. the economy has never been open enough, but been monopolised by stale, traditional players with hyphenated last names, who control the game with last century's tactics. importers, instead of producers. guys who make money selling things other people make. leeches.lazy bums. the picture is bleak. but don't tell some guys. they think we are kicking every body's ass in the hemisphere, especially since we have a Metro.

I don't think they can keep the lid on this pressure cooker much longer.

So to all the resident economists here....
What is the solution other than reduce spendiing and raise taxes?

That's a hard nut to crack ,walnut !

This report only gives the fall in revenue collected,,it does not say anything about expenditure or borrowings and you may see that although the heading says a fall in the 2nd Quarter , the first sentence says first half .
In relation to the comment from Josean,I can not see how this press release has anything to do with press freedom but as usual there is much detail left unsaid .
In relation to dreadlocks, I am not sure how he thinks the central bank manipulates the currency ..it would be interesting to know how. Interest rates have always been high in the DR but remember in the early 2000's were over 35%, compared to the 8 to 12 % now ..
In a free market economy and in free trading zones there will be much importing and exporting of goods and if the Domincan producers can produce better and cheaper goods , then I am sure Dominicans would prefer to buy those goods to imported goods , but , although I think things are changing slowly , at present Dominican produce is often dearer.

I have recently returned from a conference in London and while there, I ate beautiful bananas imported from Jamaica ..try buying good platanos maduros here in the DR at Jumbo or national and the fruit is often bad quality (vertes are ok ) . The DR has great problems with quality control and management of any industry and until this is fixed, imports will always be popular .
I wish more Dominicans who have gained experience in overseas countries in the consumer markets would return home and improve things here.

simple, Ricardolito; controlling the supply. as to quality control; you are on the money. the solution, i have preached too often, starts with import substitution. go to Price Smart and see all the rows of tilapia fillets imported from China. jeezus, man; tilapia farming is as old as dirt in many small caribbean islands. oh..i forget. we would be lowering our standards to seek help in such matters from countries that are smaller than Bonao. after all, we have a subway.

Ricardolito, remember i was talking about the rate of exchange, not the interest rate. and, walnut, raise taxes on what? liquor? cigarettes? gambling proceeds? excise? can they stand any more taxation?

Yes,Yes raise taxes and lower the cost of riding the metro. I swear we get more stupid every passing day. Christ I sit in Austin,TX with 24/7 Lights and any amount of drugs that I wish.