after this GST going to be increased to 10% ar ???
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$20.5b Resilience Package
- Thread starter Rakyat
- Start date
This is definitely a great move and plans from our great PAP government to help Singapore to pull through this crisis. We should be glad that we have a great capable teams of PAP government members to lead Singapore to future success.
Only know how to kao peh kao bu. Please give your parents a longer life for goodness sake
A: I give you an egg.
B: Why the egg so small?
A: I don't think I should give you an egg.
B: nb, why aren't you giving me any egg?
A: I give you a big egg.
B: You give me a big egg also no point.
A: I give you many eggs.
B: You should have fuckin done that long ago.
A: I give you these eggs.
B: Excuse me, these eggs are supposed to be mine, not yours.
A: I give you this tasty egg.
B: eh Hello, how come inside got a bone?
They stole our chicken. Get your points right please.
You can't said stole. Our great PAP government is doing a great job over the years. They have accumulated vast sums of reserves for Singapore to use during rainy days like this current crisis.
They have been taking and taking and taking....., until many Sporeans have chosen to leave Spore.
They have left Sporeans with little for savings. In this rainy days you can't even touch your own CPF.
In economics, there's a reason why economies slow down, and then become worse when the government of that country does too little, or does nothing, until its too late.
And some will suffer if their rescue plans, like TARP, ends up ineffectual because of the lack of transparency and thus a lack of honesty and trust, which led to banks taking money from the government for no official reason, and then not lending them out to fellow banks, and companies; instead some of these taxpayers money went for the expenses of spa trips and executive pay-raises.
In this example, the crisis became from really bad, to really worse when Lehman Brothers was allowed to fail on September 15th 2008. That was the day it struck home that US had been in a real recession- not a mental one- and with that, all other markets fell, and the malaise started.
And while others started to pass legislation, bills designed to create an immediate stimulus package consisting of tax rebates, infrastructure rebuilding and building and others, and then restoring trust and confidence in the system by addressing the accountability issue, what has our government done?
In some of their actions, it was merely reactive, done after other countries in the region have done. Some were of no consequence, because no action was taken. The majority of the actions were empty pep talk, consisting of the same old cliches we heard in the 90s during the financial crisis and then after the tech bust early in the decade. And now we know the consequences of empty talk- looking at the -12% shrinkage of the Singapore economy in the last quarter proves that this government has long lost its ability in the economical front.
That's why we need more opposition MPs in Parliament and more grassroots movement for more openess and transparency in government from the ground up. If not, this current state of rule will only make our chances of being exposed to the next recession- if and when it comes- even larger.
And some will suffer if their rescue plans, like TARP, ends up ineffectual because of the lack of transparency and thus a lack of honesty and trust, which led to banks taking money from the government for no official reason, and then not lending them out to fellow banks, and companies; instead some of these taxpayers money went for the expenses of spa trips and executive pay-raises.
In this example, the crisis became from really bad, to really worse when Lehman Brothers was allowed to fail on September 15th 2008. That was the day it struck home that US had been in a real recession- not a mental one- and with that, all other markets fell, and the malaise started.
And while others started to pass legislation, bills designed to create an immediate stimulus package consisting of tax rebates, infrastructure rebuilding and building and others, and then restoring trust and confidence in the system by addressing the accountability issue, what has our government done?
In some of their actions, it was merely reactive, done after other countries in the region have done. Some were of no consequence, because no action was taken. The majority of the actions were empty pep talk, consisting of the same old cliches we heard in the 90s during the financial crisis and then after the tech bust early in the decade. And now we know the consequences of empty talk- looking at the -12% shrinkage of the Singapore economy in the last quarter proves that this government has long lost its ability in the economical front.
That's why we need more opposition MPs in Parliament and more grassroots movement for more openess and transparency in government from the ground up. If not, this current state of rule will only make our chances of being exposed to the next recession- if and when it comes- even larger.
Reaction to the budget, very simple.
In the morning, STI was up 30 points.
At the close, it was up about 3 points
Tomorrow, after everything digested, we will see
if the budget is interpreted as good for the economy.
In the morning, STI was up 30 points.
At the close, it was up about 3 points
Tomorrow, after everything digested, we will see
if the budget is interpreted as good for the economy.
I can give you a better guarantee that the billions thrown will get stuck in the bank accounts of Sinkies super ministers and their wifes.
Odd millions will get stuck to their running dogs who might want to go for French cooking courses.
Nothing but insults will trickle down to Muthu, Ah Send or Mohammad.
The only guarantee for better life for Singaporeans will be to
VOTE OUT LKY AND EVERYONE OF HIS STINKING RUNNING DOGS
The whole system of the govt is a total screw up. They still use the concept of " King pass down order and everyone follows". That is an age old- before internet age system of govt, it can be consider the caveman age.
The Israelis are different, they have very similar situation that sinkieland is in. Hong kong too.
It is the people who get the economy moving and not the govt. If the useless PAP keep on having his control on unnecessary things like the media and add in more unnecessary rules just for their selfish ego and notion of holding on to power.
They are going to pull the country down and everyone gonna suffer.
Many talented and smart Singaporeans has left and that is exactly that they are smart and talented that they are able to see what is actually happened.
what the fuck? suck so much blood out of the people and that is all they can give back.....peanuts!!!!
i dun give a fuck shit about what they doing for the biz...all i want to know how much money they giving out so that i can go geyland and kio kway....enough for tarma or how many shots???
Do you read your own words after posting?
you souind so like those north korean zombie commies that has no life.
Political dude 1: Yo dude whatcha gonna do man now the dough's all fried?
Political dude 2: Chill man, Papa Cool gonna stay cool and watch what those Yanks, Brits and Japs gonna do 1st!
Political dude 1: Wait up man, let me get on Google and see what da Big Hos are up to. Hey man, those Yanks, Brits and Japs are throwing dough to make da economy flow man.
Political dude 2: They be throwing dough at da peeps but I be smarter. I be throwing pictures of dough at ma peeps. Those Hos know sh|t anyways.
Political dude 1: Yo man that's brilliant!
Political dude : That's why I'm da King of you Hos!
Political dude 2: Chill man, Papa Cool gonna stay cool and watch what those Yanks, Brits and Japs gonna do 1st!
Political dude 1: Wait up man, let me get on Google and see what da Big Hos are up to. Hey man, those Yanks, Brits and Japs are throwing dough to make da economy flow man.
Political dude 2: They be throwing dough at da peeps but I be smarter. I be throwing pictures of dough at ma peeps. Those Hos know sh|t anyways.
Political dude 1: Yo man that's brilliant!
Political dude : That's why I'm da King of you Hos!
Lucky I am not Finance Minister, man! I don't have to tell the peasants that we lost all the money.
Oh I see. 3rd world people act like this.
the pap have always claim to be superior in all ways.. and justify their obscencely high salaries in the same way.. so sinkees expect the pap to perform beyond the "lesser mortals" and not get singapore economy into a recession...
Spores 'managed' economy is something like the communist system. All those state owned companies with political members in charge. Look what happened to those communist countries
Such a system cannot respond to changes like the crisis we now face.
"Throw in money to save our economy liao you all still not happy complain, later don't give you all angbaos ah. Hei hei hei hei hei.. "
I quote Denzuko1: Actually the whole point of the Budget is " I am taking less from you this year, be happy about it!"
That's what I thot too! Behind all the complicated schemes, one wonders where the $20.5billion will be "spent" on since one of the schemes centres on taking less from the people or companies!
What Resilience Package!
That's what I thot too! Behind all the complicated schemes, one wonders where the $20.5billion will be "spent" on since one of the schemes centres on taking less from the people or companies!
What Resilience Package!
Actually, is Singapore the only country in recession?
Japan, USA, China, South Korea, Hong Kong, United Kingdom, they are in recession. Retrenchment is imminent.
As for many other countries, they are not in the black too.
There wasn't much retrenchment because their unemployment rate is already very high.
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