January 2009
Why there mustn't be an election this year
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A week ago, I was speaking with a journalist in a major newspaper –- quite a senior person too –- and one thing he/she said struck me: Watch out for a general election in the middle of this year.
It's not something I consider impossible, but the certainty with which that view was expressed took me by surprise. A while later, I wondered, and I wished I had asked, whether this was the individual's own view or something that was an open secret in the newsroom. I suspect these things aren't private opinions, but something that comes out of an office consensus, based on tidbits of information journalists get in the course of their work.
As many Singaporeans would know, a general election is not normally due until the end of 2011, when the five-year term of the current Parliament, elected in 2006, runs out. Although elected in May 2006, the current Parliament didn't sit until November 2006, and since there can be a delay between the end of one Parliament and the holding of an election for the next, it is even be possible for the next election to be pushed all the way to early 2012.
Why would anyone even contemplate holding an election this year? That's assuming there is any truth at all to what I heard, and really, at this stage it is no more than a "a little bird told me" kind of story. I cannot stress this enough.
Obviously, the economy is the key. Bad news is pouring in from all sides and everywhere. The World Bank expects global trade to decline 2.1 per cent in 2009, the first contraction in 26 years. Toyota says it is suspending production for 18 days to bring inventory in line with lowered sales. Woolworths in the UK went belly up. Even Shenzhen reported tens of thousands of enterprises closing as demand evaporated. Chinese migrant workers are going home early for the Spring Festival because there's no work to keep them occupied.
Closer to home, the Ministry of Trade and Industry, 2 January 2009, issued a statement outlining its view of prospects: It "expects the Singapore economy to grow between –2.0 per cent and 1.0 per cent in 2009." Just two months earlier, the ministry had said it was expecting the lower end of the range to be minus 1.0 per cent. That is now out of date.
The fourth quarter's flash results make dire reading. "Advance estimates show that Gross Domestic Product (GDP) in the fourth quarter contracted by 2.6 per cent over the same period in 2007," the ministry said. This was an intensification of a trend seen in the third quarter, which was 0.3 per cent down from a year earlier.
Comparing fourth quarter 2008 with third quarter 2008, real GDP fell 12.5 per cent on a seasonally-adjusted basis. The third quarter GDP itself had shrunk 5.4 per cent from the second. We're skidding down, down, down.
If indeed 2009's GDP contracts 2.0 per cent, it will be the worst year since 2001, when it returned a negative 2.4 percent.
But 2001 was also the year in which the People's Action Party (PAP) obtained an ahistoric 75 per cent of the vote in a general election. Analysts have generally ascribed this to a "flight to safety" behaviour among voters, when confronted with economic anxiety.
If the journalist's view is correct, might the PAP be thinking of an encore?
But what is the point of going for 75 per cent? Wasn't the 66.6 per cent that the PAP got in the 2006 election good enough? It gave then 82 of 84 elected seats. The opposition only managed to win two single-member constituencies, the same as in 2001.
No doubt, if an election is held, the PAP would say they need a strong mandate to make the necessary decisions to take Singapore out of a recession. And it will be all rubbish. They already have a strong mandate, and they have never flinched from taking tough decisions even when they had much slimmer majorities (think: early 1960s).
Behind such rhetoric, one can easily see that the only possible motivation is that of eliminating the opposition altogether, seizing an opportunity to crush and demoralise all of them, and monopolise power for the next generation. Calling a vote would reveal all their undemocratic instincts. This at a time when the city-state is faced with far bigger issues.
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There is one other possibility that might argue for an early general election: It would be too risky to wait till 2011 or 2012. That might be the case if the economic crystal-ball gazers see a prolonged downturn, with widespread layoffs and no quick recovery, resulting in Singaporeans conceivably poorer by 2011 than they are now.
As I have argued before, one of the biggest dangers that the PAP faces is the loss of its legitimacy when its economic credentials are shown to be suspect. A prolonged period of economic distress presents such a danger. A failure to deliver ever-rising prosperity is their Achilles Heel.
If an election is called, and it is not due to greed for power, but instead due to this reading of our economic future, then it is really bad news indeed. That somewhere in the economic war room, our government leaders have no confidence that Singapore will remount its growth curve in one or two years, and that the pain will last all the way to next election year at least.
So, while I'm all for the fun of an election, I really hope my journalist friend is wrong. There are no good reasons for holding a poll. Only two horribly bad ones.
© Yawning Bread