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As long as he and his papee goons reduce their million dollar salary, life would be back to normal!!!! Right!!!
Excerpts from SM Goh’s speech (in bold):
“If all of us go into a power save mode, then the economy will really go into a recession! This is what economists called the Paradox of Thrift.”
Our take: WOW, when Singapore’s economy grow, the credit goes to the PAP which prompty raise their salaries. When Singapore goes into recession, the fault lies with Singaporeans for not spending enough ! Remember how the blame for Mas Selamat’s escape is conveniently shifted to Singaporeans - because we are too complacent !
“Singaporeans are being complacent when they believe that the Government will take care of all security matters” (MM Lee Kuan Yew on Mas Selamat’s escape, 5 April 2008, Straits Times)
“If you have sufficient savings and can afford to spend, you should continue to spend on life’s little pleasures.”
Our take: Previously, the PAP has been exhorting us to cut down on our spending all the while and now SM Goh asks us to spend. Or have he forgotten what his colleage Lim Hng Kiang said in November last year:
“First, the CPI measures average changes in prices across all households. Whether there is an increase in the cost of living for a particular household depends on that household’s spending patterns. Switching to cheaper products can reduce the cost of living despite a rise in the CPI” (Lim Hng Kiang urging Singaporeans to switch to ‘cheaper’ products to cope with rising cost of living, 14 November 2007, Straits Times)
Watch video of SM's full speech here:
http://wayangparty.com/2008/11/06/s...-spend-or-our-economy-will-go-into-recession/