Tuesday, September 16, 2008

Old Line "Corrupt" New Line: "Stupid"

Q: How is the Taiwan Stock Market like a Bathyscaphe? A: Because they both plumb the depths while threatening to implode! Yes, that one's mine, and I think I should get extra points for using the word bathyscaphe in a joke. But even as our stock market wipes out paper value faster than the ghost money burner at Lungshan Temple in Taipei, the Blue media is up to the task of assigning blame -- to Ma Ying-jeou.

KNN -- that's K as in Kuomintang, not K as in Klingon -- offers up another Blue media roasting of Ma Ying-jeou, who is being pretty regularly roasted in the media of whatever color. To wit:

Indeed, President Ma should be grateful. A crisis of governance has exploded during his first 100 days. He still has three years and over 200 days to make corrections.....

In retrospect, President Ma's plight may be the direct result of his career path. It has simply been too smooth, too easy. Apart from being indicted over the Top Executives’ Discretionary Fund Case, he has never experienced a major setback in his entire political career. He never experienced the pain Chiang Ching-kuo suffered during his exile in the Soviet Union. He never experienced the nail-biting factional clashes of the KMT Lee Teng-hui must have gone through. He never experienced the repeated election setbacks as Chen Shui-bian. He was quite young when he gained favor with Chiang Ching-kuo. He had little administrative experience at the ministerial level. Despite his lack of party experience, he was made KMT Deputy Secretary-General. During the intense struggles between the mainstream and non-mainstream factions, he deftly kept his head down. He was subsequently drafted by popular acclaim to run for Taipei Mayor. Ma Ying-jeou has never developed any irreconcilable enmities within the Blue Camp. Nor can he find any opponents who are his match in the Green Camp. Only when this darling of the masses ascended to the highest office were his character defects and personal limitations exposed, one after another.

No one will deny that President Ma is a man of moderate character, who seldom speaks ill of others, and who is uncorrupt. That much we know. He is not a President likely to embezzle money and transfer it overseas. He is not a President likely to engage in empty boasting on pirate radio stations after he commits a crime. He does not have a First Lady who lusts after power and money. That said, a good President must be more than just a good person. We cannot simply turn the affairs of the nation over to a person who is elected as the model of those who have merits or have done good things.

.....................

Who among those in high office does not want to be loved by the people? Who does not want to be proud of his political achievements? Who does not want a place in history? But as the famed German sociologist Max Weber put it, politics is a calling. Ruling a nation is hardly as easy as Ma Ying-jeou imagines. A few more photo ops of you jogging and selling moon cakes are hardly going to convince people you are doing your duty as President. The people have limited patience for a President who constantly makes apologies. President Ma must not waste any more time with public relations, in an attempt to repair his image. He and his team must engage in a little more self-introspection. What President Ma needs is a little less show, and a little more go.

Fortunately this is his first year. He can still save the day. Eventually, however, he will run out of chances. We can't believe that years from now President Ma will want people to remember him and reluctantly sigh, saying, "He was a good man, but a stupid President."

There's lots to talk about here, but I'd like to point out that the China Times conception of the Presidency is that it "rules the nation." Not leads it. Big diff.

More interesting is contemplating exactly what the Blue media hopes to accomplish by hacking on Ma in this way? To save the party from its President? It's not our fault! We didn't realize he was so stoopid! It's not our policy, it's our president!" The new conventional wisdom promulgated by the chattering classes is that Ma is stupid. Unprepared. Naive.

Meanwhile Typhoon Sinlaku highlighted the real problem when it laid waste to a major bridge between Taichung and Miaoli county, which collapsed even as the police were trying to close it. Three cars made it onto the bridge before the police could act. One poor driver was on his cellphone at the moment the car was deposited to its doom below. Six people are missing.

The collapsed bridge does not point the finger at Ma, but at the organization he is serving as a very convenient scapegoat for: the legislature. The bridge was apparently due for maintenance but then funds were slow coming out of the KMT-controlled legislature during the Chen years. Then there was the problem of illegal gravel digging, which wrecks riverbeds and threatens the structures that span them. And of course, Taiwan's local governments are broke.

From my perspective, the problem isn't Ma, but the legislature, which appears to lack leadership in areas vital to the nation's progress. And beyond that, there's the construction-industrial state that is constantly investing in spraying concrete all over the landscape in new projects, but not putting money into the less sexy act of maintaining and improving what is already in existence. The media spotlight needs to leave Ma, who, after all, is at the mercy of economic forces beyond anyone's control, and to illuminate other problems in Taiwan's governance....

9 comments:

Anonymous said...

走了一個壞總統
來了一個笨"區長"
台灣人的悲哀啦>"<

Anonymous said...

First, if you look at Taiwan's budget last few years (passed), Taiwan is already in the red big time. Since President's office made up the budget, in my opinion, I still don't think you can blame on legislator ALONE.

As I predicted that Taidex has hit and gone pass 6000 mark. This is actually good news because, in theory, it will finally get rid of the abnormalities or excesses in the Taiwan economic system.

Btw, having the government bailing out of stock market is the stupidest idea I have ever heard, even for a liberal like me.

Anonymous said...

Taiwan's stock market tumbled for the second day Tuesday to its lowest point in nearly three years, tracking Wall Street's overnight plunge over the U.S. financial woes.

The Weighted Price Index of the Taiwan stock market fell 295.86 points, or 4.89 percent, to close at 5,756.59 points.

http://money.cnn.com/news/newsfeeds/articles/apwire/8c5b4e1876c06a1a2373a4b2e0a3f0ce.htm

Anonymous said...

If AIG blows tomorrow we are all in deep shit....I am getting very worried about this. This could even be the event that puts the final nail in the coffin of free Taiwan.

Karl at MarketTicker has the best perspective on the market fallout.

KMT matters are trivial at this point.

Anonymous said...

That's a crazy editorial. I don't know what planet's Taiwan they live in but Ma doesn't apologize for shit. Ever. Even now, there has been a complete lack of responsibility for all the missteps of this mess of a presidency. How can people get tired of Ma apologizing when he hasn't started yet?

Anonymous said...

http://media.www.thespartandaily.com/media/storage/paper852/news/2008/09/16/Opinion/South.Ossetia.Dreams.And.Conflicts.In.The.Caucasus-3433062.shtml

China is a multi-ethnic state with little multiculturalism

http://www.canada.com/vancouversun/news/editorial/story.html?id=c4ac0717-3d32-4235-873d-c17afbd82622

Anonymous said...

People will vote for the other party if he sucks being President, which so far has been true. If voting doesn't work, perhaps someone will cap him.

I live in Australia, and everyday I look at Taiwanese news, hes been nothing but ignorant and bears no responsibility for his job. He is the head of state, top dog, yet he does nothing. Some president we have......some president.

Michael Turton said...

First, if you look at Taiwan's budget last few years (passed), Taiwan is already in the red big time. Since President's office made up the budget, in my opinion, I still don't think you can blame on legislator ALONE.

Well, certainly not all the blame. But the media doesn't really seem to be talking about our dysfunctional legislature at all. Nothing stops the legislature from getting out there and doing something. Shit, if I were Wang JP and wanted to be Preznit someday, I'd be pushing legislation through and upstaging Ma at every turn...

reeb, I'm terrified of the AIG situation as well. All this was totally avoidable.

Michael

Tommy said...

"if I were Wang JP and wanted to be Preznit someday, I'd be pushing legislation through and upstaging Ma at every turn..."

This has been on my mind... not just Wang. If the public opinion really reaches dangerous proportions for Ma, I don't think it would be far-fetched to imagine someone putting him to a vote of confidence. And what better way to put someone even more hard-line in office than to sacrifice Ma? Imagine it... Ma fails a public vote of confidence, the KMT-dominated legislature says that it has been critical all along, so "bends" to public opinion by ensuring Ma receives a vote of no confidence in the legislature too. Wang is billed as the "reasonable choice" and becomes the next president early (and isn't this what the old guard wanted in the first place)? Or would it be Hau?

This way, the KMT can claim credit for Ma if things happen to go better later through no help of his own, and can claim credit for supporting the wishes of Taiwan's people if things take a turn for the worse.

As for AIG, if they fail, it will be the whole world, not just Taiwan, that suffers. I don't think that that in itself will be the nail in the coffin. All of Asia is starting to realise that it IS still linked to Western economies. HK's stock market plunged over 1,000 points yesterday alone, and today's papers were all gloom and doom. As for China, they may be shooting themselves in the foot by supporting economic growth when their growth is way too fast for the current situation. Imagine catastrophic inflation later on in the world's fastest developing economy (it could happen). We are all in for it big time.