7
November
2008
November
2008
Still Denying it
“Senior Minister Goh Chok Tong, urging those with the means to continue spending, or the economy ‘will really go into a recession’ ” - Straits Times 07 Nov 08
So what do you call contraction for 9 out of the last 12 months?
Talk about shifting the blame, so if we ” really go into a recession” . It’ll be our fault because we do not spend enough, ok? It’s nothing to do with a government induced housing bubble or the global financial crisis, that we’re not sheltered from.
