The fall of PAP has been underway for some time and this can be confirmed by its need to amend the Constitution.
Desperate times call for desperate measures.
Although a racist EP threatens national unity and racial harmony, for its survival sake, PAP really has no choice.
Should a PAP-unfriendly candidate be elected president and demands proper disclosure of more than $500 billion in investments using our CPF and reserves, all hell will break loose for PAP.
Why would any government conceal material information which belongs in the public domain – for decades? To protect citizens whom the PAP must have assumed are idiots, incapable of understanding Investment 101?
The racist EP allows PAP to protect PAP elites who are totally dependent on taxpayers for their survival. Should PAP go, thousands of er… leeches will not survive another day.
Till today, Temasek has made numerous ridiculous return claims unsupported by proper disclosure. Were state assets transferred at lelong prices for Temasek to subsequently claim a high rate of return after divestment/unrealised profits?
Over decades, there are thousands of unanswered questions. :( Nothing wrong at all with the management of our CPF and reserves? Really?
PAP has been forced to take its biggest gamble by amending the Constitution: It’s now double or quits.
Without the racist EP, is there any alternative to ‘elect’ a PAP-friendly president who is willing to remain silent on the management of CPF monies and state reserves?
With proper disclosure of investments by GIC and Temasek, will PAP survive another day?