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This retard Lim Swee Say is now equating a serious situation like this recession to a football game. And he wants us to be cheaper and better than our competitor. How cheap can we go with all these foreigners coming in already? How about making our govt cheaper and better too? This chorbolan retarded NTUC chief got slammed real hard by this blogger. Why are ministers paid millions to talk stupid?
http://amortal.wordpress.com/2009/02/23/labourer-chief-plays-football-with-depression/
Labourer Chief Plays Football With Depression
I have never failed to be amazed by what our extra ordinary Labourer Chief can do with his mouth. We must all give it to him. He just have that gift of the gap. It seems that he can really turn serious issues into light-hearted jokes of all kinds anytime anywhere. The memory of his “mouse who can bark” is still very fresh in my mind.
Now, he wants all of us to play football with him and go on the offensive to fight against a stronger team in this coming Recession Depression?
And he wants us to be cheaper and better. Are we not already allowing foreign “talents” to depress our wages to an unsustainable level for the locals? Don’t we ever forget that cheaper things are NEVER better but lousier? Quality products such as a Rolls Royce or a Rolex are never cheaper. They are damned expensive! But they last for a very long time not only in name but also in value. And he wants us to go down the same road of self-degradation that we have been doing for the last two decades?
If he really means what he says, how about we start with cheaper ministers and top civil servants first? Let the President, MM, SM, PM and all senior Ministers work for just $100,000 this year? I am not asking you to work for $1 like our late Mr Lim Kim San . But for $100,000 instead of your $3.8 million to $2.5 million. I am sure you can survive on $9000 p.m. Don’t forget, you also have your MP allowance of $13,500 pm intact. That means you will have $22,500 pm. Much better than many of us. Oh, yes, I almost forgot. You guys also have sideline incomes from directorships, chairmanship, consultancy and what nots, right? I am sure those sideline incomes are quite substantial too. So, possible to walk your talk? I am sure you can. It’s a matter of mind over money. It’s only a matter of whether you guys want to do it or not. This is what I call “sacrificing for your country”. Like what Obama has said, “Yes, you can!” Now prove it!
He also says there is no easy way out. Who is asking for an easy way out? Where has he got that idea from? Is the gahmen not thinking of the easy way out when it draws on our Reserves? Is NTUC, whose business organisations are still making huge profits at this time, not taking the easy way out when its MPs fought so hard in the Parliament for a piece of the cake from the Jobs Credit Scheme, which is an obvious no-string attached handouts to employers?
And he says easy way out may not be seeing the daylight but headlights of a coming train. What does he mean by that? What was he trying to say? What was he implying? Is he suggesting to people to jump the MRT tracks? Now that is serious. Not a joke any more. Hey, don’t any how say things ah, ministar with nothing to do without portfolio.
He assumed that the future is not bleak just because several SMEs are still projecting growth and investing for their future. He could be thinking of his own NTUC FairPrice, Income, Comfort-Delgro, etc. that are still making huge profits because of their dominance (and perhaps monopoly) in local businesses of such nature.
In the same tripatite forum, Tharman had said that the average annual returns for the last 20 years (up to March 2008) was 19% for Temasek and 7.8% for GIC. But what he failed to add was that whatever returns made over the last 20 years have been totally wiped out by the massive losses incurred from April to Dec 2008. The figures for losses incurred as announced during the last Parliamentary sessions were 31% or $58 billion for Temasek (should be more by now) and 41% for GIC (exact amount not given but could be in the region of $200 billion according to one estimate).
In the same session, the PM, like his father, again tells us to take a long term view. What long term view? Ten, twenty or thirty years down the road of uncertainty? What happens if there is a war, say in 10 years’ time, and we need that money urgently to finance the war? Are we not gambling with the lives of our people?
Even if the money is not for now, it does not mean that one can be so reckless to gamble it away now. Come September-October 2009, when the Subprime Crisis Cycle goes to its lowest depth, as have been projected by experts, I dare not guess how much more losses Temasek and GIC will add to their already huge losses. Still talking of long term view? It is better to pull out and cut loss NOW! May be we are already so deep into the shit pot that we are not able to even pull it out now, correct?
Can you guys remember the advertisement of that hardcore gambler trying to con his own daughter of her little savings in her little piggy bank?
“Just one more time. Trust me. I will win it all back for you!”
I hope we are not in that position. If leaders are still talking like that, we seriously need Divine Intervention to help us now, really.
One confirmation of my assessment that GE2009 will be held in March is the hint given by the PM during that tripartite session:
The last GE2006 was called slightly after the tripartite forum was held that year.
http://amortal.wordpress.com/2009/02/23/labourer-chief-plays-football-with-depression/
Labourer Chief Plays Football With Depression
I have never failed to be amazed by what our extra ordinary Labourer Chief can do with his mouth. We must all give it to him. He just have that gift of the gap. It seems that he can really turn serious issues into light-hearted jokes of all kinds anytime anywhere. The memory of his “mouse who can bark” is still very fresh in my mind.
Now, he wants all of us to play football with him and go on the offensive to fight against a stronger team in this coming Recession Depression?
And he wants us to be cheaper and better. Are we not already allowing foreign “talents” to depress our wages to an unsustainable level for the locals? Don’t we ever forget that cheaper things are NEVER better but lousier? Quality products such as a Rolls Royce or a Rolex are never cheaper. They are damned expensive! But they last for a very long time not only in name but also in value. And he wants us to go down the same road of self-degradation that we have been doing for the last two decades?
If he really means what he says, how about we start with cheaper ministers and top civil servants first? Let the President, MM, SM, PM and all senior Ministers work for just $100,000 this year? I am not asking you to work for $1 like our late Mr Lim Kim San . But for $100,000 instead of your $3.8 million to $2.5 million. I am sure you can survive on $9000 p.m. Don’t forget, you also have your MP allowance of $13,500 pm intact. That means you will have $22,500 pm. Much better than many of us. Oh, yes, I almost forgot. You guys also have sideline incomes from directorships, chairmanship, consultancy and what nots, right? I am sure those sideline incomes are quite substantial too. So, possible to walk your talk? I am sure you can. It’s a matter of mind over money. It’s only a matter of whether you guys want to do it or not. This is what I call “sacrificing for your country”. Like what Obama has said, “Yes, you can!” Now prove it!
He also says there is no easy way out. Who is asking for an easy way out? Where has he got that idea from? Is the gahmen not thinking of the easy way out when it draws on our Reserves? Is NTUC, whose business organisations are still making huge profits at this time, not taking the easy way out when its MPs fought so hard in the Parliament for a piece of the cake from the Jobs Credit Scheme, which is an obvious no-string attached handouts to employers?
And he says easy way out may not be seeing the daylight but headlights of a coming train. What does he mean by that? What was he trying to say? What was he implying? Is he suggesting to people to jump the MRT tracks? Now that is serious. Not a joke any more. Hey, don’t any how say things ah, ministar with nothing to do without portfolio.
He assumed that the future is not bleak just because several SMEs are still projecting growth and investing for their future. He could be thinking of his own NTUC FairPrice, Income, Comfort-Delgro, etc. that are still making huge profits because of their dominance (and perhaps monopoly) in local businesses of such nature.
In the same tripatite forum, Tharman had said that the average annual returns for the last 20 years (up to March 2008) was 19% for Temasek and 7.8% for GIC. But what he failed to add was that whatever returns made over the last 20 years have been totally wiped out by the massive losses incurred from April to Dec 2008. The figures for losses incurred as announced during the last Parliamentary sessions were 31% or $58 billion for Temasek (should be more by now) and 41% for GIC (exact amount not given but could be in the region of $200 billion according to one estimate).
In the same session, the PM, like his father, again tells us to take a long term view. What long term view? Ten, twenty or thirty years down the road of uncertainty? What happens if there is a war, say in 10 years’ time, and we need that money urgently to finance the war? Are we not gambling with the lives of our people?
Even if the money is not for now, it does not mean that one can be so reckless to gamble it away now. Come September-October 2009, when the Subprime Crisis Cycle goes to its lowest depth, as have been projected by experts, I dare not guess how much more losses Temasek and GIC will add to their already huge losses. Still talking of long term view? It is better to pull out and cut loss NOW! May be we are already so deep into the shit pot that we are not able to even pull it out now, correct?
Can you guys remember the advertisement of that hardcore gambler trying to con his own daughter of her little savings in her little piggy bank?
“Just one more time. Trust me. I will win it all back for you!”
I hope we are not in that position. If leaders are still talking like that, we seriously need Divine Intervention to help us now, really.
One confirmation of my assessment that GE2009 will be held in March is the hint given by the PM during that tripartite session:
The last GE2006 was called slightly after the tripartite forum was held that year.
====================================================
Fighting recession is like playing football, says Labour chief
By Cheryl Lim/Valarie Tan,Channel NewsAsia | Posted: 22 February 2009 2209 hrs
SINGAPORE: Ministers and unionists have said fighting the recession is like playing a football match against a stronger team.
Speaking at the Singapore Tripartism Forum on Sunday, they said Singaporeans will have to go on the offensive and play to win.
Labour chief Lim Swee Say said Singapore should aim to be cheaper and better than its competitors with the help of the SPUR programme and other measures from the resilience package.
He also warned against trying to find convenient solutions to the present crisis. “When you try to find the easy way out, try to look for early lights coming, chances are these lights aren’t daylight, but the headlights of an oncoming train.”
But the situation is not all bleak.
Finance Minister Tharman Shanmugaratnam said several medium-sized companies are projecting strong growth in the upcoming months, with others planning more investment for the future.
They may come from different sectors, but on the job-saving initiatives in this year’s Budget, most of the unionists and employers at the forum were on the same page.
On investments, Mr Tharman said the average annual returns for Temasek and GIC investments over the 20 years to 31 March 2008 were 19 percent and 7.8 percent respectively, in nominal US dollar terms.
The issue came up during a question from a business leader.
Prime Minister Lee Hsien Loong called these figures “very respectable numbers.”
“Some years it will go down, some years it will go up more. But on average it’s not bad. And we have to take a long-term view because this is not money for now, this is money for many years ahead. If you look at a long-term basis, on the overall, on the way the government has managed the money, we haven’t done badly,” he said.
Some gave positive feedback on the changes made.
“My company ISK has benefited some one million (dollars) from the overall package,” said one participant.
Others continued to ask for more help. “What other measures can the government consider to stimulate the economy as well as create more jobs?” asked a participant.
A few even offered suggestions on how to better the system. “We should start thinking of promoting values instead of just results,” said a participant.
On the topic of Singapore’s General Election which is due by 2012, Prime Minister Lee said: “When it comes, you will know.”
But he added that the 2006 elections were called slightly after the tripartite forum was held that year. - CNA/ir/de
Fighting recession is like playing football, says Labour chief
By Cheryl Lim/Valarie Tan,Channel NewsAsia | Posted: 22 February 2009 2209 hrs
SINGAPORE: Ministers and unionists have said fighting the recession is like playing a football match against a stronger team.
Speaking at the Singapore Tripartism Forum on Sunday, they said Singaporeans will have to go on the offensive and play to win.
Labour chief Lim Swee Say said Singapore should aim to be cheaper and better than its competitors with the help of the SPUR programme and other measures from the resilience package.
He also warned against trying to find convenient solutions to the present crisis. “When you try to find the easy way out, try to look for early lights coming, chances are these lights aren’t daylight, but the headlights of an oncoming train.”
But the situation is not all bleak.
Finance Minister Tharman Shanmugaratnam said several medium-sized companies are projecting strong growth in the upcoming months, with others planning more investment for the future.
They may come from different sectors, but on the job-saving initiatives in this year’s Budget, most of the unionists and employers at the forum were on the same page.
On investments, Mr Tharman said the average annual returns for Temasek and GIC investments over the 20 years to 31 March 2008 were 19 percent and 7.8 percent respectively, in nominal US dollar terms.
The issue came up during a question from a business leader.
Prime Minister Lee Hsien Loong called these figures “very respectable numbers.”
“Some years it will go down, some years it will go up more. But on average it’s not bad. And we have to take a long-term view because this is not money for now, this is money for many years ahead. If you look at a long-term basis, on the overall, on the way the government has managed the money, we haven’t done badly,” he said.
Some gave positive feedback on the changes made.
“My company ISK has benefited some one million (dollars) from the overall package,” said one participant.
Others continued to ask for more help. “What other measures can the government consider to stimulate the economy as well as create more jobs?” asked a participant.
A few even offered suggestions on how to better the system. “We should start thinking of promoting values instead of just results,” said a participant.
On the topic of Singapore’s General Election which is due by 2012, Prime Minister Lee said: “When it comes, you will know.”
But he added that the 2006 elections were called slightly after the tripartite forum was held that year. - CNA/ir/de
