Kalb-Baladi

Saturday, March 17, 2007

Mubarak tells you to stop complaining

The Egyptian President Hosni Mubarak said in an interview today that:

Complaints about rising prices are all over the world. We are not standing idly by and we have clear programs for development, modernization and increasing investments and creating new job ooportunities. Unemployment is not rising and wages are gradually increasing.


Ho can this be true if unemployment rates went up from 8.1 per cent in 1999, to 10.3 per cent in 2004, to 11.2 per cent in 2005 and reached 11.9 per cent in 2006 and investment rate in Egypt is one of the lowest rates in the world?

I guess he knows better, so we should just shut up and stop complaining about unemployment and inflation.

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