The Cabinet on Wednesday should give serious consideration as to why the RM3 billion economic stimulus has been such a flop that it has failed to shore up market confidence, or as a market dealer has succintly pinpointed the problem: The missing ingredient is confidence.
The most urgent problem facing the country is how to restore market and investor confidence.
As a first step, the RM3 billion economic stimulus package should be regularised by way of presentation to Parliament in the form of a mini-budget bill as a first step to restore public confidence.
In showing utter contempt for Parliament in announcing the mini-budget inside the Parliament building but not in the Parliament chamber, when it should be first presented, debated and approved by Members of Parliament, Mahathir should be referred to the Committee of Privileges for a gross breach of parliamentary privileges of the Dewan Rakyat.
How can the government expect to restore market and investor confidence when the Executive continues to be so high-handed showing utter contempt for the parliamentary conventions, rules, laws and the Constitution?
The government must face up to the fact that public confidence in the accountability, efficiency and integrity of government has reached an all-time low in the nation's history, and this is why the most important element in the new crisis economic package must be to restore confidence to able to rally united national support behind the government.
Two major measures the government must take to restore market and investor