EDITORIAL: Ma Ying-jeou¡¦s
ego gone wild
What is President Ma Ying-jeou¡¦s (°¨^¤E) real agenda? Is he actually trying to
ruin the country? If he does plan to bankrupt Taiwan, or erode the nation¡¦s
competitive edge to the point that it has no chance on the international stage,
he is doing a pretty good job of it.
The ¡§Teflon president¡¨ was voted into power with a large majority in 2008, and
won with a convincing lead in his re-election earlier this year, so it is
surprising to see just months later that even his friends are abandoning him,
while some legislators from his own Chinese Nationalist Party (KMT) are refusing
to go along with his unpopular policies.
Given the unpopularity of a number of his recent moves and the turbulence they
are causing in Taiwanese society, even stalwart allies such as Foxconn chairman
Terry Gou (³¢¥x»Ê), Taiwan¡¦s richest man, who campaigned on Ma¡¦s behalf, are one
after the other stepping out to implore Ma to listen to reason and halt some of
his damaging economic policies. In this case, Gou was referring to the Ma
administration¡¦s plan to impose a capital gains tax on securities transactions,
a proposal that had an immediate effect on the TAIEX, causing stocks to plummet
and trading volume to diminish just as the world¡¦s economy seems to be grinding
to a halt.
Another highly unpopular policy was the Ma administration¡¦s decision to allow
fuel and electricity price increases, a policy that created a knock-on effect,
leading to overall inflation of consumer goods prices in Taiwan. Again, he could
not have chosen a worse time to implement this policy. The world¡¦s economy is a
shambles, China¡¦s GDP growth is slowing to its most anemic rate in years, Europe
is falling apart, Japan is saddled with enormous debts and the US is barely
inching along.
This was not the time to reward political allies by allowing them to raise
prices, or initiate economic experiments that could hobble the nation¡¦s economy
if they go wrong.
Then there is the ever-emotional issue of US beef imports. Ma is having a hard
time even getting legislators from the KMT, a party that he chairs, to follow
his commands and vote for an amendment that would effectively relax a ban on
beef imports containing the controversial livestock feed additive ractopamine.
For health, economic and political reasons, a wide swath of the public opposes
lifting this ban. However, Ma wants to go ahead with it anyway, even threatening
to use an executive order if the legislature cannot pass the amendment.
All these unpopular issues have had a major toll on both the Ma administration
and the public at large. However, what is even worse is the political energy
that is being wasted on these dead-end policies that could be put to much better
use shoring up the nation¡¦s economy, fixing its flooding problems, getting rid
of waste in the healthcare system and addressing long-standing problems in
education. Like any country, Taiwan has its fair share of problems, and they
need to be addressed by smart politicians with the willpower to do something to
fix them.
However, it seems that Ma would rather have the public concentrate on his own
personal, man-made problems. If anything, this is the clearest sign that Ma¡¦s
ego is out of control.
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