This morning’s editorial on “Smart Growth” was a painful read. Especially when we look at what is happening with the issue of opportunity for Bahamians. In it’s zeal to “create jobs” the government has side stepped the challenge of creating opportunity for the persons they claim they believe in. Anyone can create jobs, it is a simple process. A group can come into the Bahamas and sell an idea to the government, and if they do a good job of selling the government “gives” them some land and concessions. They then use that “package” to approach the local banks in which Bahamians have money saved and make use of that money to “create jobs” for Bahamians. This is a bit simplistic, but the government seems to be more interested creating opportunity for investors, when they would be further ahead if they spent more time creating opportunities for Bahamians.
They should strive with all diligence to keep out the monster of unbelief, but the current practices are sowing seeds of discontent. We need investors but only in the sense that they align themselves with what is required for this particular people grouping to remain peculiar in the ways of what we have agreed to as Bahamian; but since our “negotiators” define our identity in terms that are politically expedient, it is dishonouring to the people that they claim to believe in, and if they continue will eventually come to a place where this “unconditional love” the Bahamian people have for the PLP is played out. It is no secret that if the PLP was judged by the same yardstick we use to judge the FNM, the PLP would be extinct by now. As an aside, almost everything that that the Prime Minister and his entourages are opening, inspecting or touring, they met in place on May 7th, 2012.
Foreign direct investment as it is currently practiced is like a weed or drug for leaders who do not want to do the hard work of creating opportunity and it is a pernicious weed that we can never entirely remove from the soil, but we must aim at its root with zeal and perseverance. It is also harmful in the sense that it deceives leaders into thinking that they are really doing something for the people they are leading.
I must commend those Bahamians who are creating opportunities for other Bahamians and not just jobs. The issue was also touched on at the recent crime forum. Some would want us to believe that poverty creates crime, but the truth be told, it is the lack of opportunity that creates poverty. We should remember that in 1967 no one was really concerned about job creation, Bahamians had too many jobs. When the change came in that era, we saw the creation of opportunity. Even white Bahamians who had been under the thumb of the old regime saw their fortunes improve under the “new regime”. The material successes experienced by this particular group after 1967 would make an informative documentary on the extraordinary events that happen when opportunity and preparation intersect. One of the problems the present administration will have to deal with immediately is that the word has gone out all over the investment world is that they are into “job creation”; and investors see this as a “free lunch” scenario. The government must take on the responsibility of creating opportunity to find out who the serious investors are, inside and outside the country. Their lack of due diligence has resulted in escalating real estate prices, because some “investors” have become tenants and landlords who impact the local real estate market and hotel market by having very lucrative side businesses; not so much in Nassau; but the “private dwelling accommodating” and land speculation that is rampant in the Family Islands can be likened to the old ball and chain.
“Opportunity” is a wind that blows everywhere, and a community such as ours may not feel that wind if we allow structures to continue that stifle or block the flowing of those breezes. Perhaps there are constructs that have to be broken down or minimized, so that those of us who pay the bills for the overall financial and social infrastructure in the country can benefit. If something goes wrong the investors will always have a place to run to, but we who really want to live here, may not have that option. Those who lead and those who say they want to live here, should keep that in mind.
August 28, 2013

Job creation is a function of economic confidence and not government stimulus which creates false economic perceptions.. When the economic outlook is negative, businesses undertake cost-cutting measures to reduce fixed costs, the largest usually being marginal labor.. Just the opposite happens when the economic outlook turns positive.. Business anticipate increased aggregate demand for their goods and services by expanding investment in labor, plant and inventories in response to the potential upsurge in economic growth..
Yes, the Bahamian government can directly employ more people in the public sector, but this results in an increased cost liability paid by the overburdened taxpayers.. At best, this is a form of “disguised unemployment” which adds little if any productivity to the overall economy.. What government should do is to create an economic climate to foster investment and economic growth.. It is time for the Bahamian government to adopt a ‘New Direction” in its economic policies and programs.. Out with the old failed policies and in with the new..
What is NOT needed is the ongoing failed economic stimulus policies pursued by the United States over the past seven years.. Trillions of dollars have been spend with limited results at best.. Record levels of combined unemployment and dropouts, an estimated 24 million, have raised the nation’s welfare rolls to unsustainable levels.. Today there are forty-seven million Americans on Food Stamps and the number is expanding by 25,000 per week in this fraud filled program.. Some observers point to the fact that GDP is expanding, but this is mostly public sector deficit spending and not private sector growth, the backbone of the American economy.. With little if any constructive change coming forth, the economic future of the United States is dim at best.. The new norm is limited growth, increased inflation and 7.5 percent being the new measure for full employment.. Debt, Deficits and Dollar Decline are destroying this once economic giant..