21 September, 2020

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President Made His Own Government Ungovernable; We, The People Are The Biggest Losers! 

By Hema Senanayake

Hema Senanayake

Now, the forecasted GDP growth is less than 4% which is well below the expectation. The country is in a severe debt crisis which led to an unstable domestic currency, the rupee. What was required was to correct the matrix of macroeconomic fundamentals which would have justified the roll-over of foreign loans to get over with the imminent crisis. It’s true Ranil Wickremesinghe did not do it but careful intervention might have made him to work towards that goal because he was the Prime Minister who legitimately commands the confidence of the majority in the parliament. But president sacked him and put the smooth functioning of the government into chaos. 

President knows well that Mahinda does not command the confidence of the majority of legislators legitimately. Perhaps the president or Mahinda at one point might have thought that Mahinda can get the support of the majority of legislators not legitimately but by making a bunch of crooks to switch party loyalty. What moral uprightness exists in this kind of thinking by a Head of State and the Government? Due to this very fact, even if Mahinda did swear-in as the Prime Minister, before the eyes of the public he has no legitimacy to hold the high office of Prime Minister. Truth has more power and the general public sense it than politicians think. Accordingly, the country will be ungovernable under Mahinda’s premiership. 

Now assume, upon the convention of the Parliament that Ranil Wickremesinghe would have proved that he would still command the majority of parliamentarians and win back the premiership again, still he will find it difficult to form a new cabinet and to keep a good working relationship with President Sirisena. 

Practically, at the end. President Sirisena made the country ungovernable either with Mahinda, or Ranil or any other UNP leader as the Prime Minister. This status quo will sure to continue until the next election. We, the people will have to pay a lot of economic cost in near future. Our debt burden, domestic and foreign, might go up significantly. Rupee will destabilize further. Investors will reluctant to invest. Tourism industry will be badly hit.  

Like Ranil, Mahinda is not good at handling the economy. The country needs unusual and unprecedented economic reforms including the acquisition of new tools for monetary and fiscal policy management.

Instead, Mahinda, as far as I know believe in microeconomic maneuvers (business level decisions) when comes to economic governance. As I understand, one entrepreneur has promised him to bring in about 70 million dollars in each month so that he might think that will ease the depreciative pressure on the rupee. Any inward transfer of USD is good. But the economy is a bigger system. That is why I insist that matrix of macroeconomic fundamentals be put right so that rest of the things would be just details. 

Ranil also did the same thing. One stock broker who is an operative in a few international financial markets, told Ranil that he would list and trade Sri Lanka’s sovereign (rupee) bonds in international financial markets. The effect of it would be the purchase of rupee bonds in dollars or euro by foreign investors, so that inflow of foreign currencies might increase. So, Ranil appointed that man namely, Arjuna Mahendran as the Governor of the Central Bank without thinking or not knowing that Sri Lanka cannot do it while having a depreciating currency resulted from increasing current account deficit. I guess, Ranil never asked him what he would do differently to put the macroeconomic fundamentals right. The result was that he messed up the very fundamentals which he himself must have taken care of.   

Sri Lanka is a very unfortunate country. Party loyalty and power-hungry politicians has been ruining this country. However, citizenship involves certain duties to one’s own country. At this moment I feel it is the duty to defeat the effort of the bunch of crooked politicians and their masters. First and foremost, the country needs a discipline including the President. 

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Latest comments

  • 5
    0

    They behave in their interest not in the country or people ..
    Shame on them all ..
    What do they reach for next generation..?

    • 0
      0

      It is time for people to govern this country. Both UNP anD SLFP destroyed this nation ungovernable and people should take over the control of this land. People should not decide on People and their promises. We now know they are not for the people. They are just for power. Power greediness makes them to behave like brutal animals. The next election should not be about political party or political leadership. None of the political leaders who served at least once in the President or Prime Minister should not eligible for contesting elections and they should not serve not more than five years. The judiciary should be the highest institution who should implement a desciplinary mechnism to monitor and maintain the descipline of those elected members to the posts.

  • 2
    0

    As long as there are fools present (Over 90% of SL population), corrupt, undisciplined, greedy and unsuitable politicians get to the top. For their own advantage, our country is blessed with so many fools. You don’t need college education to distinguish between honest and corrupt politicians. A bit of common sense (very uncommon, sadly) would do the trick.

  • 5
    0

    A article with full of relevant facts. The last para is the most appropriate to Sri Lanka’s political system which still the public have not realised. Sri Lanka will never come out of this situation until the General Public get to know this.

    Ravindra Ekanayake

  • 7
    0

    Well written with facts and true details but Sinhalese never learn.

    Gramasevaka or Gamarala has no knowledge and calibre to manage or govern anything.

    Sirisena is the only person who has forgotten the basic teaching of the Buddha, even though he vocalizes and verbalizes about ethics what the Buddha taught.

    Sirisena wasted precious time of UN assembly the day heads of state assemble to celebrate Nelson Mendela.
    Sirisena SHAME ON YOU.

    Because of UNP, Muslim and Tamil voters Sirisena became a president but this ungrateful creature completely forgot it.

    What goes around what comes around……

    • 2
      0

      I voted for Sirisena and I’m now disgusted with the man. I agree with all the derogatory things said about him, and he deserves it all, because what he is now doing he could easily have desisted from.
      .
      One plea that I have made before, may I make of you as well. Please don’t ridicule him as a gamarala. First, it is wrong. Secondly, it is foolish. We’ve got to remake our country, and we can’t do that if we alienate all the rural folk who live (and vote) in this country.

      • 1
        0

        Remember Sirisena’s First Speech as President?
        He promised to look after the Rajapakses!
        Now they are holding Him to His promise!

  • 1
    0

    Mr Senanayake

    I agree with you totally when you say that as citizens, we have to defeat a bunch of crooked politicians & their masters but the billion dollar question is how? Among the current politicians, I cannot think of anyone with a track record of integrity & principals, the majority being uneducated yobs & thugs, while the so called educated are also self serving opportunists. The average voter is blinded by political hype of nationalism, a thousand year culture & grossly misinterpreted Buddhist values, while others are in denial, accepting the myth of a western backed Christian conspiracy to destabilise the country. The reason being, presumably, sheer jealousy of a small country becoming the miracle of Asia?

    To some, the JVP is the only alternative but before AKD & his bunch gets my vote, I expect a public apology from the leaders for the violence, intimidation, destruction of public property & the murder of innocent citizens during their reign of terror. However, despite their moral high ground on corruption, I don’t think any in the party have refused the blatantly unfair perk of duty free vehicles, paid for by the tax payers.

    If, as you say, to defeat this bunch of corrupt politicians, the country needs a leader in the form of Emanuel Macron of France, an educated political novice with integrity (not a ‘make the country great’ Donald Trump) who will have the guts to bring in reforms like abolishing duty free vehicle permits (instead a single, suitable vehicle maintained & owned by the Gov. for the tenure in office), cancelling the army of body guards (after all this is peace time) & subsidised expenses, reducing the number of Ministries & appointing professionals as Ministers, not necessarily politicians, answerable to the PM with the progress & achievements of the Ministries, including expenditure, available to public scrutiny. Any takers?

  • 2
    0

    The vast difference between a ruling class person and a —– !

    But as the local government elections showed, the UNP has lost the momentum and the Central Bank/Perpetual Treasury matter was and still fresh in the minds of the people and for that, they have turned against R.W. Ravi K’s antiques and his wealth was another factor. The free imports of luxury cars and other goods while the ordinary folk had to wait in long lines for trains and buses, put-up with striking d=GMOA, students, garbage on the streets etc was something that the voters of all levels utterly resented. But nothing was done to address these.

    My advise: cease or introduce a moratorium on the imports of all vehicles for a term, completely end by law the “tax free” allowances to all. Consider like-wise the import of unwanted high value goods and limit them on the basis of the CIF price. Do what a deperate Dr. N.M.Perera did in 1970: DEMONITIZE.

    Go all out to increase agricultural production, dairy and cattle. You cannot do this by allowing wild monkeys and wild boar invade farms and properties and without culling dairy animals after their useful period is ended. Provide assistance to the coconut, rubber and tea industry to the same level as was there during the 1980s and before.

    Best wishes and may God bless Sri Lanka!

  • 0
    3

    There should be no room for less popular parties to come to power using cat’s paw president.

    The concept of common candidate must be banned & grouping of political parties (sandhana making) must be stopped prior to elections.

    Parties, that can’t stay alone for elections must be banned.

    Parties with racial/religious identity must be banned.

    It’s as a matter of fact, a conspiracy to keep MR, the most popular behind & putting MS, a person with low profile to president that paved the way for weak RW to overshadow the head of the state.

    Genuine people expect MPs to make MR the qualified person to be the PM, as required by the president on 5th November.

  • 2
    0

    Sri Lanka rupee tumbling further and further – rerecord 177 to USD.
    Shows the international confidence in the current political and economic chaos.
    This a no confidence vote by the IC on the so called new PM

    • 2
      0

      Absolutely spot-on Mema Senanayake!
      .
      Sirisena has done the unthinkable – the one unique way to crash-land Governance for good!
      .
      Neither MR, nor Ranil nor, more importantly, Sirisena himself can provide any effective leadership at this point. Time for a complete overhauling from ground up.

      Sri Lanka seems to know a sure fire way to go from the proverbial “frying pan to the fire,” again and again and again. Sincerely hope they don’t find a new bottom to go to!

  • 2
    0

    What options are we really left with now ?

    As long as most of us tend to look at this melodrama being enacted by MS/RW & MR through Blue/Green or even Cyan lenses we cannot expect to see a light at the end of this Political Tunnel.It seems being in Politics is only a means to being in power at any cost whilst enjoying the perks that come along with.Political expediency has now become a Honorable cause in this country.

    It is very unclear to most of us as to how this Drama will finally end.Having enjoyed a type of Democracy for almost 10 years of rule we should not have any illusions of what to expect if MR emerges victorious.If on the other hand RW becomes the victor what is there for us to rejoice other than perhaps the sanctity of the constitution has been safeguarded at least for the moment.

    RW notwithstanding his 40 odd years of political “experience”has not in anyway made any significant contribution to this Nation and as a Leader has failed over and over.Always surrounded with few selected inept cronies he has not got the common touch that is needed to win the heart of the Nation.The time has come for him to pack up his Bags and retire from politics once and for all.WE shall not miss him.

    Regardless of what happens in the next few days when Parliament is convened let the supporters of the Grand Old Party have the courage to elect a new leader ,for they have nothing to lose since they have not gained anything under RW all these years.

    As for MS the adjective “despicable” should suffice

  • 0
    0

    It Looks lot of advertising and propaganda money is spent. I heard, CPA is payng Sterling Pound 50 per article, and some others may be paying Rs 5000 per article,. what president did was very right. Now, Ranil is caught bloody handed.

    • 0
      0

      God bless the country when there are idiots who will give three cheers to
      their ultra corrupt masters. Now the master robbers will start collecting their loot. Cheer up JD. There next job will be to annihilate any opposition . I believe that you have forgotten Lasantha.

  • 0
    0

    This is one of the best articles I have seen about the situation in Sri Lanka, I hope the academics , business men and women come forward to take the reigns of the country. It is important that it is communicated to the people who are getting sick of old politicians. No point in debating about the legality of what has happened. What has happened has dome irreparable damage to our country..
    Keep writing Hema

  • 0
    0

    This is one of the best articles I have seen about the situation in Sri Lanka, I hope the academics , business men and women come forward to take the reigns of the country. It is important that it is communicated to the people who are getting sick of old politicians. No point in debating about the legality of what has happened. What has happened has dome irreparable damage to our country..
    Keep writing Hema

  • 0
    0

    JD
    It is strange that Colombo Telegraphthat was banned during MARA-GOTA days is giving room to articles written with shit, like yours.

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