Joo Ho-young: "President Moon Became a King After 4 Years... Even Joseon Kings Couldn't Distribute State Funds Like This"

[Asia Economy Reporter Naju-seok] Joo Ho-young, floor leader of the People Power Party, criticized the meeting between President Moon Jae-in and the Democratic Party leadership, saying, "He has become a 'king' after four years in power."

Joo Ho-young, Floor Leader of the People Power Party Photo by Yonhap News

On the 21st, Floor Leader Joo stated on social media (SNS) regarding President Moon's mention of the 4th disaster relief fund payment and the consideration of a national consolation fund, "Even the kings of Joseon could not distribute state funds to the people so generously."

He said, "On the 8th, President Moon told Hong Nam-ki, Minister of Strategy and Finance, to 'take action to overcome the crisis within the limits of fiscal capacity,'" and added, "What happened in just ten days? The decision to provide a 4th disaster relief fund exceeding 20 trillion won and to give a 'cheer up' consolation fund?who did he consult with?"

Floor Leader Joo pointed out, "Government debt increased by 100 trillion won last year and already by 100 trillion won this year," adding, "The National Pension Fund accumulated since the late 1980s is only about 600 trillion won. At this rate of government spending, will there be any National Pension left for the current 20s and 30s to receive even a single won?"

He described President Moon's governance as 'reckless' and claimed it was due to concerns about his post-retirement situation. Floor Leader Joo said, "There is a 'trauma' behind the president's reckless governance," and criticized, "President Moon has lost touch with reality as he is preoccupied with creating a safety net for his post-retirement."

Regarding President Moon's remark at the meeting on the 19th that it was "the best performance ever by the party-government-Cheong Wa Dae," Floor Leader Joo also criticized, "The president's self-praise, bluff, and empty talk have gone too far."

He said, "The statement that 'the party-government-Cheong Wa Dae are moving fantastically as one body' is a confession that 'there is nothing the owner of Cheong Wa Dae, myself, does not know,'" and added, "It is a declaration that the Blue House will not claim ignorance of illegal acts such as former Environment Minister Kim Eun-kyung, who was legally imprisoned due to the blacklist, and Minister of Trade, Industry and Energy Baek Woon-kyu, who forced economic manipulation of the Wolseong nuclear power plant by threatening 'Do you want to die?' and sent his subordinates to prison."

Regarding President Moon's plan to increase 900,000 jobs, he criticized, "It is the companies that can provide good jobs for our children," and questioned, "How can growth and job creation be possible when the autonomy of the private sector and the dynamism of the market are all destroyed?"

This content was produced with the assistance of AI translation services.