I am confused. First, they said that the government needs to act quickly to anticipate the global crisis. They even criticized the government for being slow and lacking of strategic actions. But now, they are the ones who delayed the actions by rejecting the Financial Sector Safety Net bill. Oh wait. No, they didn't reject it. They just didn't accept it, and asked the government to submit a new draft. So, it means the current government decree is still valid. Now I am really confused.
One of the reasons for the rejection, as cited by various press reports, was "the Law will give so much power for the Finance Minister and Central Bank governor to deal with the crisis." Wait, isn't that what they are supposed to do -- dealing with the crisis? The opponents also rejected the idea that the Finance Minister is the authority to announce that the country is in a crisis (hence activating the Law). "Like war, it should be announced by the president." Come on...
Honestly, I don't have a clear information on what's going on behind the curtain. It hope it just a matter of lack of communication between the government and the parliament (well, the definition of 'communication' also matter). I hope it's not because it's getting closer to the election and politicians try to capitalize the crisis by... preventing the government from doing well.
Update: Aco's post on the issue in exegesis.
There's probably no mystery at all. With elections coming up, parliament's going to give everything they got to sabotage the current administration's effort to make the economy look better next year and improve SBY's chance for reelection.
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