Stuff and nonsense. You’ve swallowed that one hook, line and sinker, haven’t you! It shows how effective the pan-blue propaganda has been.
In fact, the economy is probably in a healthier condition and the outlook much rosier than it would have been if the transfer of power had never taken place. The loss of jobs in Taiwan is primarily due to the relocation of labor-intensive industries to China, which is not at all a bad thing for Taiwan, but a necessary part of the maturing and upgrading of this economy. Even at its peak of 5%, the unemployment rate was very low by global standards, and effective government measures are already reducing it very effectively. The weakening of economic growth and the one year of recession were primarily due to external factors, especially the global economic slowdown and slump in the global IT industry. Under government policy established before the DPP came to power, Taiwan had become over-reliant on industries that were badly affected by this slump, so Taiwan couldn’t but be severely affected by these matters that were totally beyond their control. This would have happened whichever party was in power.
Although the DPP was short of experienced policy-making technocrats when they first came to power, and did not perform as well as many would have hoped, they have learnt quickly and have been doing a better and better job, especially in the last couple of years, when their policies and efforts can hardly be faulted. If the pan-blue forces in the Legislative Yuan had worked in the country’s best interests rather than opposing and blocking sensible and much-needed leglslation merely for the sake of opposition, the government would have been able to achieve a great deal more.
I have much higher hopes for the economy if Chen remains in power than if Lien and Soong take over. Many in the business community, both local and foreign, now hold exactly the same view.