Town councils
It was reported that PAP- controlled town councils
lose a total of S$16m.
Is it really such a big deal?
After all, it is just 0.8% of the total amount of
investible funds (S$2b).
If we were to use Temasek Holdings as a benchmark,
the PAP- controlled town councils have in fact put in a credible
performance!
For Temasek Holdings, the amount of losses-
unrealised- in absolute terms is in billions! While the amount of
losses- unrealised- in absolute terms is more than 1%!
The combined losses of the PAP- controlled town
councils is only enough for 16 firework shows- assuming S$1m per
show, while the losses- unrealised- by Temasek Holdings will be
enough for quite a few years!
When Temasek Holdings lose such a big amount of
money, Singaporeans didn't 'cry father, cry mother' like hell, but
when the PAP- controlled town councils lose S$16m, Singaporeans
instantly 'cry father, cry mother' like hell!
It is as if there are a lot of vacancies for 'filial
sons' and 'filial daughters'!
If we were to use the opposition- controlled town
councils as a benchmark, then obviously, we are betting on John
McCain- instead of Barack Obama- becoming the US
president!
The performance of the PAP- controlled town councils
is obviously mediocre!