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Posted by Libertas:
In three international recessions, two minor (1991 Gulf War, 2000 dot.com bubble) and the latest, longest and deepest one since the Great Depression, Nationalist governments kept the economy growing, creating jobs and reducing unemployment.
In contrast, Labour in the 1980s kept Malta in deep recession long after the international recession had ended in 1983. Labour managed to reduce unemployment from a persistently high 10% (registered unemployed; that’s 4% now in Malta) only in the last few weeks before the 1987 election employing upwards of 8,000 people in government departments and companies.
In good international times too, Labour manages to ruin our economy. In the 1970s, Labour hid high unemployment in labour corps and military corps. And in 1997-98, in benign economic times and with oil at just 12 dollars a barrel, they managed to increase unemployment.
Vote Labour, get no labour.
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The western world, including the dysfunctional Italy, was going through a strong boom during the 80s. This boom around the western world (except for Malta, USSR and the Eastern bloc) is reflected through all the symbols of the 80s such as fashion, music, cars, movies, and TV.
Suffice is to say that the US produced two popular TV shows, Dallas and Dynasty, that reflected the wealth that was splashed around during those years.
We missed the opportunities here because Malta was led by amateur morons and inept individuals at the time. Can you imagine Malta’s GDP today if the PN built the economy on the momentum that existed in other countries, rather than starting from scratch in 1987?
These idiots were ready to steal the opportunities provided by EU membership in 2003 / 2004, and are eager to do the same again now.
How I remember those desperate times. Labour are useless and a blot on our economic history.