FOR IMMEDIATE RELEASE
Hon. Michael Pintard, M.P. : Davis Out Of His Depth On The Economy
If you want to know just how bad the Davis Administration has been for the economy, just read their own reports.
The disastrous labour survey report clearly shows that the unemployment rate increased by 50 percent, from 7.2% to 10.8%. One in 3 Bahamian workers is only able to secure part-time work.
On defense, the Prime Minister spoke a whole lot of nonsense yesterday. First, he blamed the stats on the season we’re in. In reality, the related report covered surveys done in January to March of this year, the high season for tourism, when demand for labour is arguably at its highest.
Then, he claimed the massive jump in the unemployment rate was caused by the fact that more people entered the job market.
Does he read his own reports, or is he just gaslighting us again?
The Labour Survey Report by the BNSI indicated that the number of employed Bahamians fell by more than 5,500 workers from the third quarter of last year to the first quarter of this year. In other words, the economy lost approximately 5,500 jobs during that period. Even as the labour force increased, there were simply fewer jobs available according to the official government statistics.
Here’s the cold truth that the Prime Minister won’t admit: while he and his co-pilot Chester have been catching flights around the world, our economy has stopped working for average Bahamians.
Monthly stopover tourism numbers have been steadily declining for over a year, since July of 2024.
It’s becoming harder to secure a good-paying job in The Bahamas
We didn’t get the surplus he promised for April, no matter how many times he says “it wasn’t me.”
We have no idea how much his “off the book” loans—dressed up as Public Private Partnerships—are costing the Bahamian people.
The cost of living continues to rise, while basic utilities and essential services are inconsistent and unreliable.
Almost everything is more expensive than it was four years ago—especially on essential items, which were VAT-free when they took charge.
The Davis/Cooper economy is nothing to brag about.
The good news? It ain’t long now.