Mr. Hubert Ingraham, Bahamas Prime Minister is on a roll.
In hockey terms he recently had a hat trick (scored three goals in one game) while commenting to the press.
First, he indicated that The Bahamas and Cuba are not ideological soul mates and as such we should not have opened an embassy in Cuba, when a representative office was sufficient.
Second, he stated emphatically that Petrocaribe, a fuel on credit scheme by Hugo Chavez in Venezuela, is a joke and The Bahamas should never consider being a part of it. As The Nassau Institute pointed out, Petrocaribe was/is pure folly, that would double this country’s national debt in just a few years.
And, third but by no means least, he has ruled out a government purchase of the Royal Oasis hotel in Freeport, Grand Bahama, reminding the press of the Government’s miserable failure when it owned hotels in the past.
To suggest the government return to the failed socialist policies of the past by purchasing hotels, as one politician did recently is, well, dumb at best.
And to top it off, Mr. Ingraham has acknowledged the unintended consequences of raising taxes on luxury goods.
So kudos to Mr. Ingraham. Maybe the government is beginning to understand the economic benefits of smaller government on the entire population?