70sen?

This grandiose plan sounds much better than the one time subsidy payment.... Can the nation sustain the subsidy for long? Anwar must have in place plans to drive the economy and not just to tide over the current inflationary pressure.

If the price were to be reduced by 70sen, that would mean we would be paying RM2.00/ liter. Top it up with the subsidy that some of us have received.... we are paying RM1.30-RM1.60sen depending on our usage! WOW! So now what? Will the bus drivers reduce their charges? Will the wan-tan mee manufacturer right down to the hawker reduce their goods? Will companies cut down on petrol allowances that they have painstakingly ammended? Then 70sen reduction doesn't really sound like a good idea after all but it would be welcomed in the short term as we would be able to cut our fuel expenditure by a couple of hundred a month... well at least for me.. :).

While Anwar convincingly argued that the reduction will not further burden or channel funds from other development into subsidies, I would be more willing to hear about those savings to be channeled into various other developments for the people. While we can argue till the cows come home that the 78sen increase have done a lot of damage to our pockets but looking at the bigger picture, many have coped decently well and that the country is not subsidizing the foreigners as much as before which is a good thing. Now, the trick is to channel all those savings back into the system for the people.

More scholarships, more universities, more hospitals and better public transportation to start with isn't a bad idea for BN. If only they do all those than to be looking for the extra million here and there to fund their grand plan of being the who's who in UMNO.