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International / Thailand Community

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    Chavalit?? Is this the best they have??

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    Admin
    Admin

    Posts : 73
    Join date : 2010-07-31
    Location : Thailand

    Chavalit?? Is this the best they have??

    Post by Admin on 12th August 2010, 12:36 pm

    Pheu Thai to push for Chavalit as next PM

    The Pheu Thai Party will, at the upcoming poll, campaign for its party chairman Chavalit Yongchaiyudh as the next prime minister, party spokesman Prompong Nopparit said on Wednesday.

    Prompong was speaking after Chavalit paid a visit on Tuesday to his Nakhon Phanom constituents, pledging to contest the race for the position of prime minister in a second term. Chavalit served briefly in 1997 before resigning to take responsibility for the financial crisis. Evil or Very Mad
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    WTF

    Posts : 163
    Join date : 2010-08-06
    Location : Thailand

    Chavalit is an utter failure, always was..

    Post by WTF on 12th August 2010, 12:53 pm

    Admin wrote:Pheu Thai to push for Chavalit as next PM

    The Pheu Thai Party will, at the upcoming poll, campaign for its party chairman Chavalit Yongchaiyudh as the next prime minister, party spokesman Prompong Nopparit said on Wednesday.

    Prompong was speaking after Chavalit paid a visit on Tuesday to his Nakhon Phanom constituents, pledging to contest the race for the position of prime minister in a second term. Chavalit served briefly in 1997 before resigning to take responsibility for the financial crisis. Evil or Very Mad

    Right if this is the best they have look at this.

    Chavalit’s government responded to sustained attacks on the Thai baht
    and the consequent depletion of the country’s currency reserves by unpegging the
    national currency from its fixed, 25 baht for $1 exchange rate. In one year, the baht lost
    over half of its value, chasing foreign investors out of the country and destroying some of
    the wealth built during the expansion of the previous 15 years. The banking sector
    collapsed. Companies that had accumulated significant foreign debt went bankrupt. Eight
    hundred thousand people lost their jobs as the unemployment rate grew three-fold. The
    stock market lost 75 percent of its value. The GDP shrank by 10 percent. And three
    million more people were now poor.

    Oh lest I forget the many people who committed suicide, one even jumped of the 10th floor of the SET building to make his point.

    Thank you, not him please

    affraid affraid

      Current date/time is 24th October 2018, 3:07 am