Singapore Democrats, 9 Feb 2009, Chee Soon Juan
In what has become a landmark speech Minister Mentor pointed out in July 2007 that, thanks to his party, the economy was headed skywards: Tourism, consumer confidence, job creation, inflow of wealth, etc were all at an all time high. Not only was the economy going great guns, social development was apparently also doing swimmingly.
In fact things were so rosy then that Mr Lee couldn't hide his excitement: "If there are no wars or oil crises, this golden period can stretch out over many years."
Barely one, let alone many, later Singapore's economy started to go into a tailspin – and, might it be pointed out, there were no wars or oil crises.
In other words, the MM's prediction was spectacularly wrong – not that there is anything surprising with that, Mr Lee had been wildly off the mark many times before...
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