I think its no big news to anyone, that USA has been suffering one of its worst economic downturn since the time of Depression back in 1929. While our Malaysia politicians can tell us otherwise, that we are not all that badly affect, yadaa, yadaa, yadaa...even I, an ignorant fool that is completely clueless about stock markets and wat nots...knows that as long as we depend on international trade which deals in US Dollars, we will definitely not be spared from the effects of this economic tsunami...that's for sure...
One would have thought that with USA slipping into recession, Singapore too...our politicians would have buckled up and unite for once, to evaluate the current market, and how to ride through this storm...but NNNOOOooooooo...our politicians still have the energy to call each other 'bastards' live on telly...and fighting for the UMNO president and vice president post...squabbling about 30% Malay bumiputra special rights under the New Economic Policy...and multi-lingual road-signs...
Yea, real neat, I tell ya...
Even private sectors have started practicing cost-cutting measures...less new recruits, retrenchment even...lower operating and transporting cost, no entertainment, less bonus, etc...why, even I have stopped going to fast food restaurants for my usual treats...no more massages...no more book-shopping...I mean, it doesn't take an economist to know that financial crisis as serious as this would not improve overnight...
At times like these, one would look to our politicians for leadership, direction and assurance...which in my country, I am afraid to confess...is extremely lacking...even to the point, that all they can say is "We are not affected by the economic downturn of USA"...I would say its a load of bull...
So far, I've been following the newspapers through and through...looking out for news that our politicians are actually preparing the nation for the economic crisis that will only get worse through year 2009...
And guess what our politicians are REALLY well-prepared for???
“I would like to assure the public that the authorities are well prepared should there be floods,” - Prime Minister-to-be, Najib Abdul Razak...(bold, mine)
Real classic...
Report here...
One would have thought that with USA slipping into recession, Singapore too...our politicians would have buckled up and unite for once, to evaluate the current market, and how to ride through this storm...but NNNOOOooooooo...our politicians still have the energy to call each other 'bastards' live on telly...and fighting for the UMNO president and vice president post...squabbling about 30% Malay bumiputra special rights under the New Economic Policy...and multi-lingual road-signs...
Yea, real neat, I tell ya...
Even private sectors have started practicing cost-cutting measures...less new recruits, retrenchment even...lower operating and transporting cost, no entertainment, less bonus, etc...why, even I have stopped going to fast food restaurants for my usual treats...no more massages...no more book-shopping...I mean, it doesn't take an economist to know that financial crisis as serious as this would not improve overnight...
At times like these, one would look to our politicians for leadership, direction and assurance...which in my country, I am afraid to confess...is extremely lacking...even to the point, that all they can say is "We are not affected by the economic downturn of USA"...I would say its a load of bull...
So far, I've been following the newspapers through and through...looking out for news that our politicians are actually preparing the nation for the economic crisis that will only get worse through year 2009...
And guess what our politicians are REALLY well-prepared for???
“I would like to assure the public that the authorities are well prepared should there be floods,” - Prime Minister-to-be, Najib Abdul Razak...(bold, mine)
Real classic...
Report here...
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