Online poll: Majority optimistic about economy

More than 62 percent of the respondents to the most recent caymancompass.com online poll are somewhat optimistic or very optimistic that the Cayman Islands will have a prosperous economy in 2015. 

Of the 482 total respondents to the online poll that ran over two weeks during the holiday period, the largest segment – 202 people or 41.9 percent – said they were somewhat optimistic for a prosperous 2015. 

“Simply, the U.S. economy is on the upswing and our economy depends on the fruits of the U.S.A.,” said one person. “And are finally exercising financial prudence, albeit due to the financial framework governing Cayman Islands Government spending limits.” 

“Somewhat optimistic, if politricks and opportunists don’t mess it up,” said someone else. 

“As long as the government and police crack down on crime,” said another person. 

“It really depends on the world economies and at least one of the local major projects starting,”commented one respondent. 

“Tourist numbers seem to be increasing, gas prices have dropped a bit, and the unemployment rate is down slightly,” said another. 

“A rising (worldwide, mainly USA economic) tide lifts all boats, such that even our inept politicians can’t mess it up much – even with the still overly bloated civil service and wasteful politricks like the Nation Building Fund, the Gasboy (scandal), unnecessary/self-inflicted lawsuits, etc,” said someone else. 

The second largest segment of respondents – 99 people or 20.5 percent – said they were very optimistic of a prosperous economy in Cayman in 2015. 

“For the first time in a long time, I’m optimistic that Cayman is going to go through another prosperous time, at least as long as the crime rate doesn’t go completely out of control,” said one person. “It’s not just light at the end of the tunnel now – I think we’ve come out the other end of that long, dark tunnel.” 

“Some local companies will really benefit from the easing of U.S. relations with Cuba,” said someone else. “This is a huge opportunity for the future of the Cayman Islands to reestablish trade links with this nation to take advantage of the significantly cheaper food stuffs goods and services.” 

“I believe that the PPM will really reconnect with Caymanians and understand who we are and where we came from and are taking the path to the best way forward, remembering that Caymanians built Cayman,” said another person. 

Another 81 people – 16.8 percent – said they were somewhat pessimistic about Cayman’s chances for a prosperous economy in 2015. 

“Everything is too expensive and the island has too much crime,” said one person. “Unless prices drop and crime is lowered… tourism will drop.” 

“If the Cayman Islands does have a prosperous economy in 2015, no doubt it will be mostly the rich investors,” said another. “In my opinion, most average indigenous Caymanians will still be without some of the best jobs and still struggling to survive and pay their bills.” 

“Too many people, too many cars, too much crime,” said someone else. 

“We are still spending more than we earn and the society is still an ‘entitlement society’ if you are a born Caymanian,” said one person. 

“Those behind FATCA are determined to bring a whole new wave of ‘I told you so’ international headlines to confirm the antiquated characterizations of tax havens,” said someone else. 

“For the rich it always gets better, for the not rich… well they just be getting harder times,” commented another person. 

Seventy-three respondents – 15.2 percent – said they were very pessimistic that Cayman would have a prosperous 2015. 

“Due mostly to increase in crime,” said one person. 

“Government is looking out for the rich and not the poor,” said someone else. 

“The economy is built on driftwood, the country runs on driftwood, the only hard working honest people are driftwood,” said another person, referring to Cabinet Minister Osbourne Bodden’s slur toward his foreign-born chief secretary. 

“If I don’t find two years income in the next three months, the bank is going to foreclose on my mortgage,” said one respondent. “The economy on this island is broken.” 

Twenty-seven respondents – 5.6 percent – responded “not sure” to the question. 

“With normal relations opening up between Cuba and the U.S., this could impact tourism,” said one person.“Too much crime going on,” said another. 

“Too many matters are still pending and the U.K. it isn’t helping things with its fiscal demands,” said someone else. 

Next week’s poll question  

How often do you eat what you consider “fast food”? [explain why in comments]  

Every day 

Two or three times a week 

Two or three times a month 

Two or three times a year 

Never 

To participate in this poll, 
visit www,caymancompass.com 
starting Jan. 12. 

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CayCompass.com poll results
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