1/4 Dear economic pundits. There are no technical fixes to the country’s fiscal/economic crisis so please stop giving the public hope with false elixirs. Tell Kenyans the truth. Theres no magic bullet.
2 The radical fiscal adjustment and reforms required for a turnaround, whether funded (e.g by IMF bailout) or unfunded requires political leadership, goodwill, resolve, sacrifices and risk taking that a dysfunctional lame duck government at war with itself is unlikely to muster.
3 Things are going to get worse before they get better—job losses, capricious taxation (e.g turnover tax ), business failures, higher cost of living, until something gives economically(financial crisis or debt default) or politically (revolt or elections).
4 Even with a new, better government, recovery and getting out of the debt quagmire we are in will still take a couple of years. So, we can chose to pray for a Damascus moment in State House, or talk about how to bring about the political change we need.
