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  1. #1
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    Default From Today's DR1 News.....

    From Today's DR1 Daily News:

    Leonel says crisis is lack of ethics
    In La Romana, President Leonel Fernandez said that the financial problems that the world is experiencing are the result of a profound crisis of "ethical values in the markets and the rottenness of the system." As he presented the conclusions of the two-day "Emerging Global Financial Order: A Regional Perspective" seminar, held in Casa de Campo over the weekend, President Fernandez said that this crisis of ethical values is seen in the speculation in the futures markets and in the deregulation and lack of supervision in the markets. According to El Nuevo Diario, he argued that another proof of this is that auditing firms and risk assessment agencies were complicit in the fraud and manipulation of the markets. He said that this situation should never have occurred, and we will have to pay a high price because the planet will have an increased number of poor, unemployed and disoriented people.
    As reported by El Nuevo Diario, the President said "Only greed, desire to accumulate wealth has been able to bring the world to this situation. For that, the return to ethical values is fundamental, to know that the markets do generate wealth, but they also are destined to satisfy the needs of society."
    He said that in order to achieve a proper balance that permits the effective working of our societies, the "invisible hand of the State" is needed in coordination with the invisible hand of the markets.
    The President suggested that 2009 would be very difficult for the world's economies, but he said that an optimistic point of view would say that a slow and gradual recovery would begin and the problems would be overcome by 2010.
    At the same time the President warned the greater structural crisis related to the United States internal debt could become evident in the near future as a "credit card crisis," takes place, making things all the worse.
    The President maintained that a new paradigm has to be sought, all the while discussing a capitalism that is in intensive care that requires new alternatives that combine the political with the economical and social needs.




    Is the irony not lost here? Fascinating that Fernandez, in his position, would make such comments. Fernandez speaking on ethical values?

    The same as Morales Troncoso talking religion at the UN and Fernandez saying the troubles of the DR's inability to fight drugs is because the US won't help in the policing efforts.


    I was going to post in the Clown Bin, actually I might just do that.....


    Out stealing like a Dominican, just like Fernandez taught me....







    Mr. Lu

  2. #2
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    yep, just wondering if he's the skillett or the kettle.

  3. #3
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    For how long have you been living here in the DR Mr. Lu??? It sure doesn't seem like much....(8+ years)

  4. #4
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    Quote Originally Posted by ExtremeR View Post
    For how long have you been living here in the DR Mr. Lu??? It sure doesn't seem like much....(8+ years)
    I don't think it matters How Long one has been living here ExtremeR, some of us will never be able to get used to the Dominican ability to lay the blame off on someone else.

    Without wishing to appear disrespectful to my hosts (I have many good Dominican friends & will continue to seek Dominican friendships) I recognise that the Dominican ability to deny any form of failure/wrong doing, is only surpassed by their ability to pass responsibility of any shortcomings on to someone else because of ....... 'whatever they consider the best excuse at the time'!

    The Dominican saying "No Problem" does NOT mean it will not be difficult for me to overcome this slight inconvenience, it means ........ "Don't bring your problems to my doorstep - I can't handle blame, responsibility & problems & IF it is found to be my fault, I will turn that into blaming someone else!!"

    Recognising this, I still prefer their way of living to the British way of life in general terms!! Even this RAIN is better than British RAIN!! ~ Grahame.

  5. #5
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    Who writes Leonel's speeches? Can't he do better than a yahoo type summary of the world financial situation? I mean there are plenty of well written, sharply analysed pieces out there on this subject. This is the best he could do?

  6. #6
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    A true politician! He said a lot without saying anything.

  7. #7
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    Pimping for a UN-style job, so he needs to ~sound~ like them.

  8. #8
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    Quote Originally Posted by BushBaby View Post
    I don't think it matters How Long one has been living here ExtremeR, some of us will never be able to get used to the Dominican ability to lay the blame off on someone else.

    Without wishing to appear disrespectful to my hosts (I have many good Dominican friends & will continue to seek Dominican friendships) I recognise that the Dominican ability to deny any form of failure/wrong doing, is only surpassed by their ability to pass responsibility of any shortcomings on to someone else because of ....... 'whatever they consider the best excuse at the time'!

    The Dominican saying "No Problem" does NOT mean it will not be difficult for me to overcome this slight inconvenience, it means ........ "Don't bring your problems to my doorstep - I can't handle blame, responsibility & problems & IF it is found to be my fault, I will turn that into blaming someone else!!"

    Recognising this, I still prefer their way of living to the British way of life in general terms!! Even this RAIN is better than British RAIN!! ~ Grahame.
    My point is that Mr. Lu has some kind of vendetta against Leonel Fernandez, he portraits Leonel like if he is the Trujillo version 2.0 and try to blame most of the the DR problems to him, he obviously hasnīt lived in the Balaguer years where freedom of speech was questionable, would commit fraud in every election possible (in 1990 is was pretty clear that Juan Bosch won) and the economy was pretty closed to the world, reporting sometimes very slim growth and some years even negative growth.

    In 2000 people forgot that and had the same feeling that Mr. Lu has right now and voted for Hipolito Mejia and the PRD, the consequences of that decision made by the Dominican people still are lingering due to the disastrous administration led by Hipolito Mejia and his incompetent cabinet.

    If you compare Leonel with politicians of developed countries where the infraestructure is set to stop clientelism in order to reach Power, well then yes he may be bad, but compared of what the DR have had to go through this last years Leonel is by far the best thing that has happened to this country.

    In his 1st term there was a steady increase in economy growth every year and added to the infrastructure of the city by building the Elevados and Tunnels, obras which were harshed criticized at their time and now we woulndīt want to imagine what the transit would be without them.

    Of course Leonel has a share of bad things, (or his Cabinet..) but when you weight things out the good outweights the bad.

  9. #9
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    I have actually grown to respect more and more what Leonel has tried to do, however, it is really throwing salt in the wounds trying to speak with moral authority given that Leonel can't seem to reform the Customs house nor it's opulent wages and gifts the government gives to it's mostly useless and unaccountable politicians. Has anyone ever tried to call them to complain? Beers are on me if you can even find the phone number in the phone book.

  10. #10
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    Quote Originally Posted by cobraboy View Post
    Pimping for a UN-style job, so he needs to ~sound~ like them.
    The forum is yours. Please speak so the infidels may understand you. This is exactly what Fernandez is doing. He is preparing for his real career. He is gone far beyond the DR. He is now preparing his legacy and his ability to land a high level job outside the DR, in an international capacity, will be the icing on his cake.






    Mr. Lu

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