Wednesday, August 26, 2015

Stock market rout - impact on the general election

Will the stock market rout help the PAP in the general election? Will the voters vote PAP for an experienced government to steer the economy during the challenging times ahead?

My view. The stock market rout will add to the woes of the ordinary people who are now struggling with uncertain jobs, high cost of living, over crowding and a stressful lives. It will now impact more businesses who will now find it a struggle to stay profitable. There will be more retrenchment. More people will feel the pain.

But voting is on 9 September, before the pain comes in. Will people vote PAP for a steady hand in government? It is still too early for gauge the collapse of the stock market in their voting preference.

On balance, I think that the stock market rout will not have any serious impact on the voting pattern. The negative factors that impact their daily lives will continue to be a prominent factor. It will be bad for the PAP.

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