Of the total loans, Bt500 billion will be earmarked for mega projects under the jurisdiction of the Bhum Jai Thai Party. The remaining Bt300 billion will be shared by the Democrat and the Chart Thai Pattana parties.
How's that for a way to break through parliamentary logjams? Just give the money to the parties themselves, they'll find ways of spending it. The full story is here and for the pointer I thank Air Genius Gary Leff.
when are you going to publish the blog on the kindle?
What would Ron Paul do with his $1.47 billion? Buy gold?
“To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble” –Krugman (2002)
http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html
Everybody’s borrowing money and decreasing the amount of available credit. How is this going to help?
The news is pretty unclear, but I guess that the projects will be implemented by the ministries, controlled by these parties, not by the parties themselves…
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