[stephenkhoo]

DPM Tharman must be quite right that we might be heading for a recession or slower growth in Singapore whether or not it will be long term and how long the period is the question. The next question is, what happens to those who are retrenched during the recession and even if the economy recovers will they be able to compete with younger working adults at lower cost and cheaper workers from overseas seeking work here? Many times we hear floodgates opened for migrants seeking work here and even the running presidential candidate Tan Cheng Bock motto was Singaporeans first. It is important to remember that Singapore's success today was not through fluke or rich in resources but we had 3 generations of hardworking immigrants who settled down here and weathered through war, riots, crisis after crisis and we became a nation of diverse race and religion which is something we must hold on to for our future!

I still believe there is hope for Singapore despite the gloom or controversy over Casino etc, to be fair we don't live in a perfect world and there will never be a perfect government. To compare I think our government has done well in terms of basic amenities for the general population which many countries until today are still finding it a challenge, of course you can argue Singapore is an island and other countries are many times ours but it does not take a mathematician to know which country will recovery quickly after a long recession