You really have to
give it to
Lee Kuan Yew.
All he needs to say
is no credible opposition
and you find Swingaboreans
parroting him,
"I would like to see
opposition in parliament
but how to vote for
opposition?
No credible opposition
available"
They all tell me.
Let's take a closer look.
Early this year,
the government bought
Shin Corp in Thailand,
which ultimately resulted
in Thai PM Thaksin Shinawatra
stepping down
as the Thai public
took to the streets
for Thaksin not paying taxes
from that personal windfall sale
to the Singapore government.
Haha, and Singapore government
dare talk about credibility.
Anyway,
the Shin Corp stock
have lost 40%
of its value,
or S$2.5 billion
in about 3 months.
Hmm, how credible.
I remember,
when DBS bought
Dao Heng Bank in HK,
everyone said
it was over valued
but our credible government
said it was "fairly valued".
5 years later,
these credible guys
wrote of S$1.1 billion
in Dao Heng Bank.
The credible government
semi-conductor business,
Chartered Semi-conductor
have lost over S$1.7 billion
in the last 5 years,
and over 90%
of its stock value.
Any fund manager
would have been fired,
but not Ho Ching.
These credible guys
bought 62% of Global Crossing
and lost close to S$1 billion
in the last two years.
Fuck credibility.
They say
you pay peanuts
you get monkeys.
We pay millions
and we get donkeys.
You don't even need to pay a monkey
a million dollar ministerial salary,
for the monkey to lose
billions of tax payers money.
I can bet you,
the monkey will do
a whole lot better
than your million dollar
minister too.
If this is credibility,
I'd take no credible opposition
anytime.
Just how much worse
can they get?
