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Economic incapacitation: Netanyahu fled the struggle against the cost of living - voila! money


Highlights: Netanyahu returned from the US and took advantage of the incident on the eve of Yom Kippur to deepen the rift. He has long been incapacitated in the economic sphere, writes Uri Sela. Netanyahu fled the struggle against the cost of living - voila! money, he says. Sela: It would have been better for it to use it for more important social goals, such as peace with Saudi Arabia and reforming the yeshiva system. He adds that for Netanyahu's partners in ultra-Orthodox yeshivas, the price of living is not a story – there the billions flow.

Netanyahu returned from the United States and, while selling us peace on paper, did not miss the opportunity to further deepen the rift among the people. And what about the struggle against the cost of living? There we suffer and the ultra-Orthodox celebrate

He returned from the US and took advantage of the incident on the eve of Yom Kippur to deepen the rift further, and mainly so that we would not notice that in the economic sphere he has long been incapacitated/image processing, Uri Sela, Tomer Neuberg/Flash 90, Jonathan Zindel/Flash 90

Even the diplomatic visit to the United States, which ended on the eve of Yom Kippur, was far from the escape room of the prime minister, who was chased by the protests overseas.

The Saudi painkiller has been shown to be effective, but not for long. Tourism Minister Haim Katz visited Saudi Arabia this week, and some claimed it was another sign of normalization. But for some reason, Bank Leumi chairman Samer Haj Yahya's business visit to Saudi Arabia a year ago was forgotten, perhaps because he did it without much noise.

If normalization breaks out, and we hope it does, it will be mainly "economic peace," as the Saudis are trying to market it, while demanding from Israel the return not in shekels but in nuclear. By the way of payments, meanwhile the media published statements made by dubious French businessman Arnaud Mimran against Netanyahu.

The Frenchman's claims, secretly recorded from prison, of supplying gifts were denied, but Netanyahu's connection to Mimran and photographs in his crowded company were also present.

Now imagine for a moment what would happen if a tenth of the harsh allegations were published against Ehud Barak, Benny Gantz or Yair Lapid, but when it comes to Netanyahu, what is another luxury watch or hotel accommodation for the upper echelon?

It is not for nothing that Netanyahu and his emissaries inflated the incident at Dizengoff Square on the eve of Yom Kippur. The Mimran affair, which may yet be investigated, has been suppressed from the agenda.

But apart from deepening the rift, peace with Saudi Arabia and reform, what about "life itself"? This is a trite issue known as the cost of living, an arena from which he has apparently already become incapacitated. After all, for his partners in ultra-Orthodox yeshivas, the cost of living is not a story – there the billions flow.

What do you do there with the money? Funding to associations and farmers in Bnei Brak, under the auspices of Moshe Gafni - the man on the chip - in order to obtain an exemption from military service for yeshiva students. But what to do when there is no need for funding because the exemption arrangement exists only on paper?

The eye-catching of gas prices. Hold the price per liter by force under 7 shekels, using money that is not in the cash register / ShutterStock

Why is this similar? That an insurance company sponsor an advanced lockbreaker course and after the theft will compensate the apartment owners. It's as simple as that. The problem is that the funding this time comes at the expense of the Education Ministry's development budget, and all the sophistication of the Ministry of Finance's budget department will not help.

Let us return to the sad reality of people from the community who not only do not make ends meet, but barely start it. Consumer goods giant Diplomat will raise the price of a series of products, following the surge in the dollar exchange rate, which soared following the reform. Diplomat is not alone, other importers are also on the way. Only in the meantime, Netanyahu hasn't come or called.

Moreover, over the weekend it was again decided not to increase the price of gasoline despite the increase in the dollar exchange rate and global gasoline prices. A liter of gasoline costs NIS 6.94 thanks to a massive subsidy of the price by more than NIS 7 billion, only the price, God forbid, will not cross the NIS <> mark.

Is this really a war on inflation or the cost of living that Smotrich claims? Not at all. This is a job in the eyes because the subsidy has no budget source (so do senior Finance Ministry officials!) and with all due respect to the drivers (myself included), it would have been better to use it for much more important social goals.

  • More on the subject:
  • Benjamin Netanyahu
  • Arno Mimran
  • Saudi arabia
  • Fuel price
  • Cost of Living

Source: walla

All business articles on 2023-09-30

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