The primary difference between the two political parties in Cayman is that one is clearly better at managing the economy than the other. Here is the evidence:
Everyone knows that our country has been in a recession for the past several years; however, the headlines of the 1 February Caymanian Compass clearly confirms that our economy is finally on the right track towards recovery.
Air arrivals were up by 4.1 per cent in 2012 – the highest in 11 years. Cruise arrivals were also up, with an increase of 7.6 per cent over 2011. We are actually now spending 35 per cent less on the Department of Tourism and the results have been the best they’ve been in 12 years.
And the economic picture even gets better. Property sales are up, three new hotels are being considered for development; expenses for the public service are lower than expected and revenues are higher than expected; and major developments like the East End hospital project and Cayman Enterprise City are well under way.
Even the Compass’s Editorial of February 1st had to commend that “positive things are starting to happen; our country is on the right track toward recovery and economic success”.
But who really deserves the credit for this turn around? Politicians often get the blame when things go wrong; however, if we are truly being fair they should also get the credit when things go right. While there are those who will never admit it – Mckeeva Bush is the person who deserves the credit for engineering this economic turnaround. Minster Cline Glidden cannot claim the credit for this success because although he was a member of UDP he was actually a back bencher during this period and not a minster.
Despite all of the usual political rhetoric and mudslinging that will come during this election season, let’s give credit where credit is due. Running a country in the current global economic environment is no easy task. Anyone can hold the helm when the sea is calm; but the ultimate measure of a man is not where he stands in moments of comfort, but where he stands at times of challenge and controversy.
We all know that the primary reason our country was in a financial mess was because the PPM government engaged in a wanton spending spree between 2005 and 2009. But now that the UDP has turned the country’s finances in the right direction, even hardline PPM supporters and the usual “Mckeeva Haters” will have to reluctantly admit that the UDP is better at managing the economy than the PPM.
The facts speak for themselves.
Sherry Ann Smith