Dr. Omar Davies is forever defending his record as minister of finance. However, his defence appears to be out of touch with reality. His 'facts' do not ring true.

Elected to a safe People's National Party seat - Southern St Andrew, and selected to 'save' us from financial deterioration, Dr Davies presided over the worst financial meltdown in the nation's history. The result? Foreign banks got the 'goodies' and the Jamaican people received more foreign-bank ownership and billions of dollars in debt.

Recently, he stated that the United States' (US) bank financial rescue model was similar to his 'ruined plan'. Well, that is not true. Banks that received financial assistance must reimburse those loans. In other banks like Citigroup, the federal government is a major shareholder - thus, when the stock price increase in the future, the American people win. Also, Dr Davies, US banks remain solidly American.

economic growth

In terms of economic growth, under his stewardship, that terminology became extinct. Year after year, he and the former prime minister gave economic growth projections that did not materialise. Dr Davies' priority was to enable a PNP fifth-term victory, not to improve the people's quality of life.

What was the US-JA exchange rate when Dr Davies was 'crowned' minister of finance?

Dr Davies is delusional about his record. However, the evidence speaks for itself. Truth stands on its own merits.

I am, etc.,

MICHAEL BROWN

miguelbro@yahoo.com

Washington, DC