PAP's economic plan of last 10 yrs was like drinking from punchbowl

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An honorable member of the Coffee Shop Has Just Posted the Following:

nstant noodle type fast to cook good to eat but leaves you with long term devastation and rot. Here are the main initiatives see for yourself the loner term effects.

1. Casino & gaming industry. Crime, family destruction, just yesterday a man broke into his neighbors home to steal $20K to gamble. This one like opium

2. FT Policy. Brute force method of labor force expansive. People over time slowly understand the harm it caused to singaporean. Initially it was just overcrowding later they experience work place discrimination, depressed income, structural unemployment and there wil be many negative effects for yrs to come. This one is the steriods. Inject to get bulk but damage your internal organs.

3. Consumer credit explosive. Deregulation of lending market. This one is an emerging problem. Some still haven't woken up to it. The pap in wanting to grow the banking sector liberalised consumer credit to allow banks to grow its credit cards and unsecured lending. All this despite the mess and pain such banking practices caused in US.
http://www.channelnewsasia.com/news/...or/871964.html
This one is the alcohol in punchbowl.

Right now we see a whole host of problems emerging including rising poverty, working poor, high household debt. Without longer term farsighted initiatives, the pap has left a large gap in our economic development. While the numbers and trend still look good from the opiates, steriods, the price paid by the people will ultimate outweigh the short term gains.


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