![\"\"](\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/02\/fred.jpg\" "\\"fred\\"")
Beleaguered Minister of Foreign Affairs Fred Mitchell this week lamented the plight of Bahamians who have a lot of money and no where to invest it.<\/p>\nBeleaguered Minister of Foreign Affairs Fred Mitchell this week lamented the plight of Bahamians who have a lot of money and no where to invest it.<\/p>\n
People like web shop boss Sebas Bastian, who Mr Mitchell used as an example, saying that the young CEO of Island Luck is being stifled economically in his own country.<\/p>\n
“You have a young entrepreneur like Sebas Bastian and they have huge amounts of capital in their own country, and their own country will not allow them a legitimate opportunity to invest their monies to grow their wealth,” he said.<\/p>\n
“And this [is] a new generation of Bahamians. We have to fix that, Mr. Speaker.”<\/p>\n
Mitchell is apparently too daft to relaize that Mr Bastian’s wealth appears to have came from the proceeds of crime… illegal gambling.<\/p>\n
This would be like saying cocaine dealers have no where to invest their money.\u00a0 Poor babies.<\/p>\n
Mitchell also questioned why successful Bahamians like Robert Sands of Baha Mar and another veteran hotelier, Russell Miller, were not in charge at hotels in The Bahamas.<\/p>\n
Ya mussy jokin Fred!<\/p>\n
Mr Izmerlian and his Chinese backers have nearly $3\u00a0 billion invested in Baha Mar.\u00a0 They can hire whomever the hell they want to run their company, whether that person is a Bahamian or not.<\/p>\n
And Mr Mitchell should get down on his knees every night and thank God that Mr Izmerlian decided to invest that $3 billion in The Bahamas.<\/p>\n
Work Permit Policy<\/strong><\/p>\n Alas, Dred Fred also dismissed concerns from the business community that the government’s work permit policy will deter foreign investment.<\/p>\n He said local businessmen were “rowing in the press, saying investors are going to be scared coming to The Bahamas”.<\/p>\n Mitchell said this is not true.\u00a0 Investors that have spoken to the media say it is true.<\/p>\n Who ya gonna believe?<\/p>\n And, on Tuesday, Minister of State for Investments Khaalis Rolle conceded that the policy will “certainly” scare away foreign investors.<\/p>\n Rolle said foreign workers are needed in areas where Bahamians cannot meet the labor demand.<\/p>\n Mr Mitchell is a Harvard educated lawyer.\u00a0 He needs to start acting like one and stop pandering to the xenophobes that are ruining this country.<\/p>\n","protected":false},"excerpt":{"rendered":" Mr Mitchell is a Harvard educated lawyer. He needs to start acting like one and stop pandering to the xenophobes that are ruining this country.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[153,93,31,137,41,156],"class_list":["post-35261","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-business-2","tag-corruption","tag-crime","tag-gambling","tag-immigration","tag-stupidity"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/35261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=35261"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/35261\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=35261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=35261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=35261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}