It’s the Economy that Matters

In 1992, Carville, a strategist in Bill Clinton’s campaign for Presidential elections, used the phrase “IT’S THE ECONOMY, STUPID” against the then incumbent George H. W. Bush. It was primarily used to highlight the unguided policies of Bush which were more focused on the military combat than on the restructuring of the economy. The same is the case with Pakistan. The policies of the incumbent government are misguided and require redirection towards restructuring the economy. The recent history has witnessed a new low in the politics of Pakistan wherein blame game, names calling, and body shaming have become the constants. The government is not doing enough to fix the economy. The economy of the country was already under stress when Covid-19 wreaked havoc on it. The current figures of the economy sketch an abysmal picture that needs a complete overhaul. The trade deficit has ballooned around 97 percent which shows the incapacity of the policies to deal with the economic conditions. The government has always taken credits for shrinking the trade deficit which was an air-filled balloon claim and got burst with the rise in imports. The recent import of vaccinations, machinery, wheat, Soya bean, Mobiles, petroleum, and other materials … Continue reading It’s the Economy that Matters