Investors of all stripes make mistakes from time to time.
It’s just the nature of being human in a world of many unknowns.
Mrs Kamla Persad-Bissessar has once again withheld her Opposition’s support for the passage of the FATCA legislation. It seems as though the Government can never do enough to satisfy the Opposition in this debate. Dr Rowley has bowed to the demand by Kamla Persad-Bissessar for a Joint Select Committee (JSC) but this maybe in vain.
The far-fetched letter written by Opposition Leader Kamla Persad-Bissessar to United States President Donald Trump on FATCA is clear evidence that the opposition does not want to support the FATCA legislation.
The privilege that Mrs Persad-Bissessar holds in situations like these as Opposition Leader when a three fifths majority is needed in the Parliament, can make or break legislative agendas.
Giving the impression in the public domain that her side is willing to support the legislation now seems to be nothing but a tease of her power. The power of the position of Opposition Leader has been demonstrated as the Government is now trying to avoid a possible request for a third extension.
The Opposition’s reasoning for requesting more time at the JSC stage appeared to be a mountain of delay tactics.
The public is still uncertain as to what the Opposition is really trying to achieve by continuously delaying their support for the bill. Should this type of behaviour continue, the public will witness a very unproductive five-year parliamentary term.
We need more time, we have not seen all the documents, the Opposition was not given sufficient notice before the sitting of the JSC, and similar stories were advanced for the opposition withholding their support at the most recent debate. The constant delays and apparent teasing with regard to the passing of this bill only points to a unwillingness to truly support the global FATCA legislation.
The citizens of this country are not blind nor are they dumb. We would like Mrs Kamla-Persad Bissessar to stop teasing, delaying and attempting to circumvent our country’s global obligations and vote for the legislation next Thursday so that we can all put this issue to rest and move on.
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