WP continues to sleep and idle while PAP siphons Billion$ out of the country.

[skponggol]

.......

Whether the money is in foreign reserve or budget, US$4b of ‘peanuts’ still come from and still belong to the taxpayers. And they have every right to demand Transparency and Accountability on its usage.


Vichy WP eunuchs are stubbornly refusing to questionand challenge the PAP regime on the whereabout of that US$4b ‘peanuts’ either inside or outside the parliament but happily deferring them to unelected judge and unelected lawyers to decide on how to use Singapore budget and foreign reserve.


Is this the kind of “First World Parliament” the Vichy WP eunuchs have been smoking around ?


Like PAP, Vichy WP has a lot of trust and support for the judicial system but so little faith and respect in their so-called “First World Parliament” and the voters.


白蓝两党, 原是天涯同路人!


Again, Vichy WP eunuchs should stop giving lousy rotten excuse that they are unable to ask any questions in parliament because they spend too much time running the town council. How many of them are full-timer, part-timer or ‘semi-retiree?’(whatever that may mean)…….No time to talk about taxpayers’ hard-earned US$4b ‘peanuts” but have time to talk about bird-singings and cock-droppings???


Vichy WP eunuchs should wake up their ideas and stop TCSS in their ‘First World Parliament”.

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[wwabbit]

The whereabouts of the $4B has been stated several times already. The MAS and MOF have been transparent and accountable if you have actually read the press release regarding the loan. It is obvious that you have not read the press release since you got most of the facts of the loan wrong.

All this goes to show why it is important to do research properly first before bringing stuff up in parliament. Fortunately the Worker's Party is smart enough not to bring up this non-issue just because some random forum ranter wants to troll about it.

 

[skponggol]

The whereabouts of the $4B has been stated several times already. The MAS and MOF have been transparent and accountable if you have actually read the press release regarding the loan. It is obvious that you have not read the press release since you got most of the facts of the loan wrong.

.......

So this is Vichy WP political position: every press release by the PAP regime is considered “Transparent” and “Accountable”. There is no need for any discussion and debate in their so-called “First World Parliament”.


So this is what Vichy WP “Transparency” and “Accountablity” is all about…..


No wonder these “Co-Drivers”, or rather Co-Passengers who are happily idling and sleepingzzzzzzzzz at the back of the car, are always so quiet and obedient in “First World Parliament”.


When the PAP regime gives press release that HDB BTO flats are affordable and resale prices are stabilizing in parliament, that’s is also considered “Transparent” and “Accountable” …………No wonder the 8 Vichy WP eunuchs did not query and challenge the PAP on this big fat lie.


Indeed, Singapore press is the most “Transparent” and “Accountable” in the world. That is,according to the Vichy WP who also have greater faith and respect in the judicial system than the “First World Parliament” and voters.


白蓝两党, 原是天涯同路人!

......

 

[skponggol]

The whereabouts of the $4B has been stated several times already. The MAS and MOF have been transparent and accountable if you have actually read the press release regarding the loan. It is obvious that you have not read the press release since you got most of the facts of the loan wrong.

All this goes to show why it is important to do research properly first before bringing stuff up in parliament. Fortunately the Worker's Party is smart enough not to bring up this non-issue just because some random forum ranter wants to troll about it.

.....

Btw, you seems to show a lot of faith and trust in Singapore judicial system and the media. Are you really, really an Opposition supporter or an unconscious PAP supporter?


白蓝两党, 原是天涯同路人!

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[gz0707]

I have been looking at the 2006 Peter Schiff videos (Nov 2006 Peter Schiff Mortgage Bankers Speech - YouTube) and I feel sick. The same situation is happening here and when the crash comes, many people will go bankrupt.

Here's why.
1) The uncontrolled property inflation which is bubble will burst and many people actually cannot afford the loan payments. Some have taken 0 down and full loans, hoping to flip or profit off the higher prices when they sell. with a recession and bubble burst, many will be out of homes in negative equity and slipping in tent city once they become bankrupt.
2) Same for car prices. MIW refuses to bring down the prices via the COE component. This results in 2 situation - firstly lower income people cannot afford cars, or have to take huge loans for a 100k car. When the bubble bursts, together with the property, the car will become negative equity. On the other side, rich foreigners are buying luxury brands at the cost of local consumers and businesses.
3) COE impact of local business - they will now become more inefficient due to older vans breaking down or eliminate delivery altogether due to transport costs - this is already happening. Try buying any electronics and asking for delivery - the cost will be quoted separately. The COE cost has now been passed onto consumers and the money is in their pocket.
4) Rich foreigners - the profits coming from property flips have resulted in higher disposable income to spend on more expensive real estate, luxury cars, electronics etc etc. Singapore, like the US, is a mostly goods importing country, so all the money made is now creating jobs for foreigner countries like China. Although Singapore may not be the largest customer of a specific Chinese industry, money is still flowing out.
5) GIC/TH - don't need to explain this. when the investments tank, all the CPF monies will disappear. enough said.

My guess is, the perfect storm will come from several fronts; property crash, recession and loss of jobs which also lead to crash in the automobile industry. In effect they have created big government and huge corporations at the expense of entrepreneurial companies which could have created new jobs if they had been more successful.

 

[steffychun]

You think Goh Meng Seng would have done a better job than all the WP MPs?