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Budget speech offers sympathy for Annie,–but not much more

Andy Warhol once said in the future everyone would be famous for 15 minutes.Annie Young certainly had her moment in the spotlight yesterday arguably for all the wrong reasons.Ms Young is the owner of True Reflections, a Hamilton store selling everything from incense and greetings cards to stuffed toys and Bob Marley CDs.But she won’t be for much longer, according to Premier Paula Cox, who detailed in her Budget statement how Ms Young’s “homey place full of books and curios” is about to close its doors for the last time at the end of this month.“Another victim of our soft economy,” lamented the Premier, adding that she mentioned Ms Young “for no reason other than to put a face on the hardship that plays out in our community every day”.The Finance Minister wasn’t exaggerating: there really was no other reason to mention her, as it turned out.The anecdote certainly wasn’t followed with any pledge by Government to do anything to help retailers who have literally reached the end of the road like Ms Young; no bright horizon, no bailout.Instead, the reward for offering what Ms Cox called “very much the Bermuda-at-your-service brand of salesmanship and hospitality” seems to be, well, a failed business, in the end.“It’s unlikely that we can inject money into these situations,” said Ms Cox. “We don’t have spare funds.”So that’s that then, as far as Ms Young is concerned and presumably others like her.It must be difficult, one suspects, for them to fully embrace Ms Cox’s stirring remarks at the start of her statement.“Gloomy political and economic news ... has a way of stirring up apathy, born of the belief that such events are outside of our control,” she said. “Let me stress that this Government will not allow Bermuda to settle for the role of victim of this or any other recession.“We have been elected because of our ability to govern this wonderful country of ours and we can and will lead it out of the grip of these present difficulties.”Presumably Ms Young and co, soon to be among the “about five percent” of the workforce who are unemployed, were listening with bated breath yesterday to hear how.But it turned out detail was the one thing the Budget statement was short on.It had plenty of gloom, certainly, a couple of quotes from US presidents and several snappy phrases.We know, for example, that Government is “resetting the dial” and “recalibrating our economic targets”; that it believes in “work-fare rather than welfare”; and that we can expect “more red carpet, less red tape”.What we didn’t hear was much on how Bermuda’s social ills will be tackled, as less money is spent on education (ten percent reduction), police (11 percent drop) and welfare (four percent less for Financial Assistance).Nor was there much said about the huge overspends in recent years on capital projects; just a pledge to have “project audits” in future to “ensure value for money”.Whether the millions of dollars overspent in recent years on developments such as the TCD building and the second pier at Dockyard could have helped local businesses about to go bust was left for taxpayers to surmise.The Premier closed her Budget statement with a line from JFK about how the time to repair your roof is when the sun is shining.“What he didn’t say was that if you wait too long for it to stop raining, a leaky roof will the least of your problems,” she added. “Rain or shine, now is the time to fix our roof.”Try telling that to Annie Young. Seems hers may be broken beyond repair.