Punggol East By-Election coming ? MP steps down

[MR06]

raysusan:

I am wondering why aim saga is not mentioned during the rally?

With more opp I believe more cans of worms will be open up

It might had been crafted into a nail, it will be the last nail to seal the coffin.

[3Boys]

Sun_2010:

3Boys:

Heck, I voted opposition last time.

When was your yahoo thingy? I had heard a discussion back in 1998 about priority for wedded couples with children for HDB flats, so it's been floating around in ether for over 2 decades.

You are right that the PAP has deviated from its strategic directions. In my view, that has a lot to do with Singaporeans having less of a stomach to deal with tough policies.

There are 2 parts to what the government needs to do.

1) Grow the economy and tax base and make money for the country.

2) Spend that money to help its citizens have a better life.

In order to do 2), we first need to do 1). And the PAP g'ment is pretty good at 1), but less good at 2).

What's in the WP manifesto?

2), 2), 2).......mostly.

Show me some more of 1), how you make the tough trade offs, maybe they'd have more cred. Speak publicly about how you will RAISE the tax base, tell it to your supporters, we will raise GST, we will raise income tax. You will have my vote tomorrow, WP, instantly.

Am I entrenched? Sorta, in that I am wedded to fiscal responsibility, to 1) before 2).

Which is why I am dismissive of manifestos that have spend spend spend mostly. I reiterate any Ah Pek can cook up a spend policy, and I have heard many more creative ones that have been bandied about.

So the WP take credit for coming out first with a spend idea? Well, did they suggest a way to make the money in the first place? The PAP bears the brunt of the brickbats due to tough economic policy, and the WP wins credit for spending it?

Funny, isn't it?

:goodpost:
Quite the one-man army 3B ?

I'll soldier on

My kids also know how to spend money what....they spend all their time thinking about how to. New iPad, long holidays, remote control cars, plenty of creative ideas.

Me and DW need to consider how to make the money in the first place, that where we spend our energies.

Very easy to ride on the coat tails of a strong economy, hor? Get credit for creativity some more, what's not to like?

Edit: reply to your other post, we are certainly getting more populist, and it such a dangerous thing. The PAP are still trying to find that new equilibrium of successful disciplined economic policy with social policies. What they really needed was for MP to have kept his pants on. :mad:

[3Boys]

MR06:

raysusan:

I am wondering why aim saga is not mentioned during the rally?

With more opp I believe more cans of worms will be open up

It might had been crafted into a nail, it will be the last nail to seal the coffin.

Because the WP are complicit and they know its not a big deal. I'll bet you it gets minimum airtime this bye election.

[Irrelevant]

3Boys:

Heck, I voted opposition last time.

Me too. Just like kamon, when I think about the lack of checks and balances and the potential abuses of power, the logical conclusion is to have more opposition in the parliament.

3Boys:

What's in the WP manifesto?

2), 2), 2).......mostly.

My sentiments exactly! Not just WP, any other party is guilty of the same. Unfortunately, the impact of having more opposition appears to be a race to the bottom, i.e. the opposition and ruling party will out-compete each other to \"buy\" more votes.

Do I vote for higher taxes and more largesse?

[sinoboy]

3Boys:

sinoboy:

[quote=\"3Boys\"]

Please read my post again. The poorer off MUST be looked after. But what is the more effective way of spending the precious dollars? Subsidise public transport for all, including the bank CEO on his way from his Orchard Road condo to his office in Raffles City? Or charge a recoverable rate in fares, affordable to the majority, but GIVE money back to the poor that will cover the fares and MORE?

Let the incumbent worry about that. Meanwhile GIC and Tamasak doing a good job buying up banks and Olum.

You confuse sovereign fund performance with economic policy.[/quote]Don't shoot me down just like that lah. Since you seem to know the difference, do you think our CPF money is involved or not huh?

[MR06]

3Boys:

MR06:

[quote=\"raysusan\"]I am wondering why aim saga is not mentioned during the rally?

With more opp I believe more cans of worms will be open up

It might had been crafted into a nail, it will be the last nail to seal the coffin.

Because the WP are complicit and they know its not a big deal. I'll bet you it gets minimum airtime this bye election.[/quote]Let's see how it pan out.

[Irrelevant]

sinoboy:

Don't shoot me down just like that lah. Since you seem to know the difference, do you think our CPF money is involved or not huh?

If you are keen to understand, pray tell us why you think CPF money is somehow involved?

[Way2GO]

3Boys:

MR06:

[quote=\"raysusan\"]I am wondering why aim saga is not mentioned during the rally?

With more opp I believe more cans of worms will be open up

It might had been crafted into a nail, it will be the last nail to seal the coffin.

Because the WP are complicit and they know its not a big deal. I'll bet you it gets minimum airtime this bye election.[/quote]Complicit in wat way?
Whilst I tend to concur at dis point of d campaign with d view dat AIMgate may not get any airtime in dis BE, it is not for d reason u mentioned.
It is a BIG deal for it raises questions n doubts as to whether it is an isolated case or d practice is extensive.

[3Boys]

sinoboy:

3Boys:

[quote=\"sinoboy\"]

Let the incumbent worry about that. Meanwhile GIC and Tamasak doing a good job buying up banks and Olum.

You confuse sovereign fund performance with economic policy.

Don't shoot me down just like that lah. Since you seem to know the difference, do you think our CPF money is involved or not huh?[/quote]You are distracting from my original reply to the post on MRT fares.

Anyhow.....

You go to work, to earn a living. That's the economic policy, to keep our country productive.

Now with the savings, you want to get more returns on the cash, you invest it, in stocks, bonds, treasury bills, property. Thats the role of the sovereign funds.

With all investments, you will have a balance of lower yield lower risk instruments, and higher risk higher yield instruments. Higher risk means some of those things will go bust. It's the same be it you an individual investor, an investment banker at Morgan Stanley, or a sovereign fund manager for Dubai or Brunei or Singapore. And I don't see that our guys at GiC or Temasek are smarter or better than those at Morgan Stanley or Brunei or Dubai.

They will have their good days and their bad days. The thing that matters is their long term overall performance.

Is CPF money involved? I should hope so! Why would I want to miss out? Most pension funds get into investments in one way or another, unless you are satisfied with 0.5% interest rate in savings account.

[3Boys]

Way2GO:

3Boys:

[quote=\"MR06\"]

It might had been crafted into a nail, it will be the last nail to seal the coffin.

Because the WP are complicit and they know its not a big deal. I'll bet you it gets minimum airtime this bye election.

Complicit in wat way?
Whilst I tend to concur at dis point of d campaign with d view dat AIMgate may not get any airtime in dis BE, it is not for d reason u mentioned.
It is a BIG deal for it raises questions n doubts as to whether it is an isolated case or d practice is extensive.[/quote]W2G, I have covered at great length on this in the other thread. I don't get the sense that WP think this is a big deal at all.