
that’s right, if you don’t see it, it’s not there.
the world’s heading for a recession [1, 2, 3, 4, 5, 6, 7, 8] and singapore isn’t? or at least that’s what tharman shanmugaratnam says. is our economy isolated from the U.S. economy or what? oh man, no wonder our ministers deserve their pay hikes, it must be hard on them steering our economy away from recessions. they did such a good job i wouldn’t even be aware there’s a recession, if not for internet media.
“But there will be discomfort on the ground. Unfortunately, the fuel price increase in Malaysia does mean that vegetable, poultry and some other prices will go up. We can’t avoid that. Fortunately, rice prices globally are coming down.”
yes, we should be so thankful that the price of rice is coming down despite the prices of everything shooting up. i bet the rising prices of vegetables, poultry, fuel and other commodities are not as important as the prices of rice. rice is everything, i tell you. i thought the word “discomfort” was a gross understatement. to those who are comfortably employed, the rising prices might make just a slight difference to their spending habits. but imagine those from the low-income brackets, how are they gonna handle the price increases when their budgets are already tight? are they going to feed on plain porridge three meals a day (that is, if they can still afford three meals a day) because the price of rice is coming down?
“But we’re tackling it, and we’re confident of tackling it - both through the government’s measures, the Growth Dividends, the GST Credits, as well as the way in which you see a lot of community initiatives on the ground.”
if i recall correctly, was MM Lee saying something about complacency? now, what’s this then? confidence is one thing and overconfidence is another. i am waiting to hear some solid suggestions on easing our economy out of the recession and long-term solutions to rising consumer prices. i don’t want to hear assurances coming from the government. these assurances are just telling me that they are possibly still in a state of denial and it worries me. does assurances push down consumer prices? will assurances stop the economy from slowing down? will assurances help me get a job when i graduate?
i don’t want to hear about the government giving out $75 twice or thrice in a year so that we can overcome the GST hike or inflation. how on earth are these handouts supposed to see everyone through a recession? community initiatives are just short-term solutions for those who require it. is the community able to endlessly provide help? what if the pool of people who requires help grows faster than what the community can provide for?
time to do something about the recession which is right in your face, dude.
Recent Comments