why why why did you take my words out of context?
is it that difficult to take my post in full and read all of it,
and understand it as it is written? why do you exagerate my words
again and again to reverse the flow of gravity or the turn the
economy around?
why can you not accept that my post just means a big country
like USA can affect the economy more than Singapore? Is this
statement wrong?
Even if I were to quote the entire passage with the key words in
it, what did you intend to convey from the intended unspoken
ideas that remained mysteriously fettered in your mind ?
The following exchanges on Page 2 will remind you
of your replies given and my response -
both colored in blue for the past replies, while my present
reply is black.
Page 2 : 28 Nov '08, 1.49 PM
like i posted, if a country is
powerful, it can still affect the economy. an example will be
US.
but to think that Singapore
can be that powerful... not very likely.
How does a country that is
powerful still affect the economy ? In what manner ? Are you
suggesting that a powerful country can even defy the gravity pull
of the forces in a market economy ?
What kind of example are you
expecting anyone to draw from the first inconclusive statement that
you have made ?
Singapore has been seen to
be a very powerful entity both financially and militarily despite
its size - when compared to her immediate
neighbors.
Which country do you
wish Singapore to be compared with in terms of power
?
Is it realistic to do so - given
the size and resource that Singapore has to work in ?
Page 2 : 29 Nov '08, 10.11AM
my example is quite simple, but
was somehow skewed by you. big country can affect the economy by getting
a 700 billion bailout. good enough example for you? it cannot defy
gravity, which is your words, not mine. my words was affect the
economy. Singapore obviously cannot match the 700 billion
bailouts..
Was your example so simple when it
was inconclusive in the statement made ?
like i posted, if a country is
powerful, it can still affect the economy. an example will be
US.
but to think that Singapore
can be that powerful... not very likely.
Now that you have clarified your
statement that a "big country can affect the economy by getting
a 700 billion bailout" - you have at least been
encouraged to give a clearer explanation to what
was stuck in your mind, which you seem to be unable to
express in simple ways, and resulted in your thoughts
being skewed by your inconclusive statement.
Not so clever to blame others for
skewing an incomprehensible simple statement.
Do you seriously think that the
700 billion bailout will turn the US economy around - by this
amount alone ?
Big countries are like small
countries - economic fundamentals need to be managed at the right
time and with the right dose of direct or indirect governmental
supervision.
Many reviews have
already stated that the present situation in the USA is
due to the complete removal of regulations that allowed the
Financial System to run amok by creating all kinds of financial
programs.
The present US Government was
at fault for the false assumption that pump priming home ownership
program alone will help to boost the US economy, without any
consideration that proper long term job permanence
is required to support the repaymemnt to the freely
available loans.
Towards this end, the US
Government had removed regulations and allowed banks to
offer loans to all and sundry - which the banks eagerly
accepted to meet bottom line performance demands without
considering the recoverable status of the loans.
As matters stand, the 700 billion
bailout was not sufficient, as the recent concluded studies made by
the US Congress stated that another 500 billion is
required; while Obama and his new team has stated that
structural changes will need to be made to the way the USA is being
"managed".
Big country alone may not
necessarily be "financially" powerful - if by big country you will
mean population size or even in terms of territorial square
kilometers.
For the USA, her territorial
or population size has nothing to do with her wealth,
as her wealth is due largely to her political system and
the acceptane of a political ideology by both major
political parties that support the liberties of the
individual.
In terms of population size, the
USA is smaller than China; and in terms of territorial size, the
USA is smaller than Russia.
Yet it has more then trillions of
dollar in private wealth within the USA - even as the country and
the government is deep in debt.
Can Singapore be realistically
compared to any country given the politial ideology that shackle
Singaporeans ?
How was your statement taken out
of context ?
As I have mentioned in my response on 29 Nov '08, 10.11AM -
spending the 700 billion alone does not necessarily turn the
economy around - as seen in the present situation when the US
Congress had demanded that a further 500 billion is needed.
This amount does not include the additional demands made by the
Automobile Industry which made a joint appeal for financial credit
support; and also the appeal by Citibank for a bailout.
How can you say that - "big country can affect the economy by getting
a 700 billion bailout" ?
Am I supposed to swallow this based on your say so when current
events do not support your position ?