Chidambaram refusal to contest election is a blunt admission of his role in economic debacle of India

Chidambaram refusal to contest election is  blunt admission of his role in economic debacle of India

BJP leader and former Finance Minister Yashwant Sinha war of words over P Chidambaram has cited the dismal state of the economy as the reason for not contesting this year's general election by Chidambaram.

Yashwant Sinha was justified in blaming,"Not contesting polls is Chidambaram's no-trust against himself". But the bigger embarrassment lies with P Chidambaram due to his inability in offering a satisfactory reply to latest salvo list of 18 questions posted to him by Yashwant Sinha.

Mr Chidambaram had derided as "puerile" , this list of 18 questions posted to him by the BJP leader and described him as a "distant memory', and tried in vain to defend his decision not to contest this year's election by saying, "I have categorically denied I am retiring from politics. I am not contesting elections because I want to do other things in life." ( INDIA HONEST regrets , why this thought did not stuck Cidambarm four years back.)

The Finance Minister took umbrage at Mr Sinha calling him a "spoiler" for the economy and had unleashed an "economic fact sheet" to defend his government's economic policies and switching fast gear to changing the topic by launching a fierce attack on the BJP's prime ministerial candidate Narendra Modi.

Chidambaram said,"Modi has deep character flaws",one most repeated gimmick used by his party by alleging that the BJP candidate is a divisive leader who fuels communal tension.This of course is a nasty tactics by a finance minster to avoid answering economic debacle of UPA2.

Chidambaram lost his wit merged with his cool on Modi, who as a Chief Minister of Gujarat, is often credited with overseeing twelve years of Gujarat's fastest growth, when he said, "His brand of capitalism is crony capitalism," .

INDIA HONEST hoped , it would have been better if the Harvard-trained finance minister Chidambaram along with Congress' economist Prime Minister, had sensed the consequence of the economic malaise at least four years earlier and opted to resign then, India would have been saved from this worst economic peril , not seen in last three decades.

"Out of Box Steps" of Intelligent , Economist , Finance Minister Chidambaram ?

More Brilliant Ideas of the Decade : "8 to 8 Shut Down" by the intelligent economist  Finance Minister Mr. P.Chidambaram as follows :

The ( huge fiscal deficit led bankrupt ) government is also going to launch a massive campaign by huge spending on ads through the current ‘Bharat Nirman’ campaign for which he said, "Budget for ads is always there", and this huge spending ads will also be used for urging people to avoid spending ( what a stupid contrasting proposition ? ). The push by ads will include mass media campaigns, street plays and hoardings at all ATMs.

When  Mr. Chidambaram was asked. won’t this ad campaign cost money ?, Mr. Chidambaram seriously joked, “We always have provisions for ads no matter how bad is the state of economy. Did you miss the ads on 20th August or the current ‘Bharat Nirman’ campaign? Budget for ads is always there,” thus surprisingly disclosing the fact that all this was a "Rahul Gandhi Experiment", as Rahul Gandhi is behind this ‘Out of the box’ thinking to arrest the slide of rupee.

Opposition Bharatiya Janata Party spokesperson Shahnawaz Hussain reacted sharply to the government's quick-fix solution to deal with the fuel crisis, as he said, "What is a petrol pump, this government will close the country. Won't the people fill their car fuel tanks in the morning?"

It is an earnest question everyone making, "If the Manmohan Singh government has run out of ideas to tackle the economic mess,and making such stupid suggestion in order to save their skin from the rebuke they will be expecting to make by making steep raise in prices of petroleum products to manage huge increase in budgeted subsidy bill. The bigger question is what was rational of presenting this huge 1.25 lakh crore subsidy linked Food Security Bill at this moment and at this difficult juncture ? Is not it playing with fire as regards to economic realities , just to play cheap vote bank politics ? 

It is a fact that the renowned economist prime minister, finance minister and other wise men are trapped in the juggernaut of vote politics of Madam Sonia, forced to keep aside the interest of India and its people. They should take suggestions from the opposition parties by surrendering and work jointly to come out of this mess.