WHEN the Jamaica Labour Party took office in September 2007 the Jamaican economy was in free-fall decline with ponzi schemes, like Cash Plus and Olint, running amok, completely unregulated by the State, and giving vulnerable citizens a false sense of financial security.
The worst global recession the world had experienced in over 80 years then snuck up on the Jamaica Labour Party in September 2008 and placed the Jamaican economy in a more perilous state. Thankfully, the Administration of the day weathered that horrible storm, despite pro-PNP media and the PNP’s alleged ally, the Jamaica Teachers’ Association, blaming the JLP for the economic hard times then prevailing. There were no riots in the streets, and real wages improved for the average civil servant, particularly the teachers and police force rank-and-file members.
The Jamaican dollar remained stable at an average rate of US$1 to $86.00 for some two years, crime was cut significantly in the JLP’s last year in office, and the middle class, while destroyed in the 1990s by the PNP’s abysmal high interest rate policies, had some hope of at least remaining the middle class with the lower classes having a glimmer of hope to become the middle class.
Warren's Blog 
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