Hopelessness has no limits – Prime Minister wants to win next election…

A regular commercial poll testing voters’ opinion of the government is wrenching in its conclusion:

6% said government has done good work

60% said they were dissatisfied with present government

The Centre Party has seen their voter support fall from 21.1% to 15.7% in the latest gallup on party support.

The present government has 37.9% of voter support, which is hardly a mandate for big reforms.

The present PM has now said he wants to continue to being PM after the next election. He may really believe that his government has implemented really good reforms, but so far lots of effort has been put into weak planning and very little has been implemented.

The above polls, however, are clear evidence that he has little chance of getting anywhere winning the next election. 

Just look at the big economic figures:

  1. The only thing that has saved the government’s neck is the myth that they has got the economy growing again! However it has been caused by strong growth in European and in the USA that has caused buoyant exports, something which is not a result of any government action! 
  2. The European Central Bank has also been buying huge amounts of government and corporate bonds to keep interest rates artificially low. This is like pissing in your pants in winter to keep warm. When interest rates rise there will be huge losses. It is not impossible to believe that interest rates will rise by 2% or 3%. that will easily cause a 10% fall in short-term bond prices, and much more in long-term bond prices. The European Central Bank has purchased almost €2 500 000 000 000 (€2.5 trillion) that is equal to some €7000 for each Eurozone citizen, and a mere 10% loss will equal €250 billion. This sum is equal to around twice the EU’s budget! Guess who will be asked to cover this loss of almost €500 million that is Finland’s share?
  3. The current Finnish rate of employment is around 71%. This is the total number of working people aged between 16 years and 64 years divided by total number in the work force. The government has been aiming for 72% while the Swedish rate is 85%. Aiming low is an easy way to say that progress has been made.
  4. The Ministry of Finance has said that the increase in Finland’s public debt is still increasing and will continue to increase. The increase in debt has not been stopped, just slowed somewhat. The same source says that the governments deficit will continue to be around 2.5% of the GDP – it is currently around €% of GDP.
  5. The proposed healthcare reform will cost money and not “save €3 billion”. These extra costs will come in the form of IT costs, and very little will be saved with a “more efficient private healthcare sector”. It is a fact that the private sector is lobbying hard to increase the payments from the government to their shareholders’ pockets for the care they provide. Doctors and nurses working in the private sector are earning more than public sector doctors and nurses. Only this week your correspondent heard a doctor saying that he was ordered by a director of the company he works for to increase shoulder and knee operations by a large sum of money!
  6. Greece has also no intention of repaying its debt – that is a given fact and we will not see what is owned Finland – over €5 billion including what we have lost with low interest rates – this can be called “Katainen’s great deal” – he was the PM here when they made this great investment decision and he now has a cushy job at the EU.

Adding all of this up is hardly peanuts as most commentators would say, except if you are a politician fighting for your job!

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