Quote:
Originally Posted by StrontiumDog
Try to be honest.
Sure, heres some 'Honest for Dummies' then-
https://teakdoor.com/Gallery/albums/u...ndi_th66ex.jpg
This is a chart of
Real (
Google it:rolleyes:) GDP growth in Thailand from 2000 - 2009 inclusive.
Thaksin was in office 9 February 2001 – 19 September 2006
The chart is from a site called Indexmundi.com-
Thailand - GDP - real growth rate - Historical Data Graphs per Year
From where did you concoct the fact his tenure was during a period of "unprecedented economic growth'? PAD propaganda :rofl:- it is clearly nonsense.
As the graph clearly shows, 2000 and 2001 the Thai economy was weak.
Asia in general, Thailand in particular, was still suffering from the effects of the Asian financial crisis- which it in fact precipitated. During this crisis, the bht devalued by over 50% to the USD, and the SET lost around 70% of it's value. There was a massive exodus if expats from Thailand, and from the city back to the moo ban- as millions were thrown into unemployment. Basically, Thaksin took over during the aftermath of the economic collapse, and with Thailand still very much suffering from a crisis of confidence, massive debt and massive unemployment. His Keynesian stimulus package was a success on many levels (not least for me because I was managing an Asian fund). Interesting days.
Feel free to check this for yourself. The IMF had to bail out Thailand- and the debt was actually paid back four years early, in 2003 from memory. Guess who was PM then?
You are certainly entitled to your own opinions, but not your own facts. I am sure you can find plenty of things of substance to criticise your preferred hate figure without concocting them, or naively swallowing Bangkok manufactured propaganda which, speaking as one who was there at the time, is in several cases nothing short of lies.
If you believe the nonsensical, manufactured 'yellow' stuff now, Thailand under Thaksin was a grim place, and heading towards financial collapse. Actually, the opposite is the case- the difference in business optimism approaching the mid 00's was the polar opposite of the late 90's & early 00's. Check any indicators you want during this period- currency, stock market, employment growth, repayment of debt etc, they were all very good. That seems to have evaporated around 2005, as the PAD protests geared up, and Thai economic growth slowed.
It is really quite amazing what people will believe, or agree to believe, to support their political view.