PAPsmearer
You are critical about his PAP affiliations, work & etc... = that's reasonable
But you're also making very personal attacks
I've actually met Mr Yeo on more than one occasion and he doesn't fit the description of the "asshole" that you make him out to be
So I'm wondering if you had any actual contact with a man you're so quick to attack
I don't need to have met Hitler or Stalin to label them sick bastards. That's because their "work" has been well documented. Can you apply the same logic to your personal attacks on George Yeo?
Oh and BTW I've met LKY and he came across as an arrogant prick.
How about you answer my other questions:
like when did GIC post $100 billion losses
How did you MEASURE that decline in living standards in Singapore etc.
rgds
I see, so just because u met George Yeo a few times, and he appears to be a nice chap, and that means he is not an asshole? Yet more of your idiotic logic. people say Hitler was a very personable person too.
“It was because her husband is a foreigner and from the ‘western world’ that the ‘western world’ has come to support Aung San Suu Kyi and have failed to recognise the rule of the military”. U know who said these words? George Yeo, while visiting Myanmar. Apparently, this ASSHOLE thinks that military junta rule is ok in Burma. This is his personal comments, and not from any PAP affiliation. Unless, he was told by his boss to say those words.
From the Facebook exchange between Chee SJ and G Yeo.
“The salary ranges include a discretionary component decided by the PM which is confidential,” said Mr Yeo in response to Dr Chee’s question on how much Mr Yeo himself is being paid.
Dr Chee replied: “First you say that ministers’ salaries are in the public domain. Then you say that there is a discretionary component that is confidential. However you put it, the bottom-line is that ministers’ salaries are secret. I don’t understand why you keep insisting that they are in the public domain.”Well, if George Yeo is not an asshole, and different from the rest of the PAP assholes, than he should just come out and say what his salary is.
This guy has been a leech on the public teat for decades. First, the public paid for all his higher education thru the SAF. 6 years of his so call career with the SAF was spend oversseas studying in various schools. At the very most, he spend actually no more than 9-10 years actually in uniform. He is not a pilot, yet he became Brigadier-general in the Air Force. If he is honest with himself, he will admit that his rank was attained not because of some innate ability (he can see that his counterparts of the same rank in other country's air forces have spend decades attaining a BG rank and have thousands of flying hours in fast jets, and real combat experience etc.) but because he is on the PAP treadmill to political office. Every single dollar he has made, every single benefit he has received has been taxpayer paid. Simply put, he is an asshole.
As to your question about the $100 billion in losses by the GIC, below is an excerpt from the SDP website
A paper on The Gulf SWFs put out in Jan 2009 by The Council on Foreign Relations, Centre For Geoeconomic Studies, lays out the situation in stark relief. Abu Dhabi Investment Council (-40%), Kuwait Investment Authority (-36%), Qatar Investment Authority (-41%), Saudi Arabian Monetary Agency (-12%), Norwegian Government Pension Fund (-30%), all data for the year ended Dec 2008.
SAMA escaped with -12% because only 20% of its portfolio is directed towards equities, the remainder is heavily concentrated in both dollars and the fixed income market. The other SWFs did what GIC did and plunged headfirst into the equity/property investment mêlée, including the Lehman poisoned chalice.
Now, is it reasonable to believe that GIC did any better than its contemporaries and lost only $50 billion SGD? That's 9% of a 550 billion pot, a far better performance than every single one of the SWFs! C'mon, it's utter bollocks and they know it.
Closer to the truth would be a figure somewhere between 30% and the 41% ejaculated by a flustered Lim Hwee Hua, Senior Minister for Finance, in Parliament when questioned by Sylvia Lim. Let's do some simple arithmetic, folks. At 30%, GIC has blown $165 billion SGD; at 41% it is in the hole for a staggering $225 billion SGD! Long term investment? They'll have to wait till the cows come home to recover that size of investment loss.
According to World Bank figures, the nation's 2007 GDP was about USD$230 billion — so, close to an entire year's GDP has gone missing thanks to GIC's good work. Our budget estimated expenditure for FY2008 was $57.6 billion SGD, coincidentally awfully near to what Temasek alone has admitted to losing in only 6 months. Or, to put it another way, we spent twice as much and got half what we paid for.