Wednesday, January 30, 2008

Timing, timing, timing

I'm going on a two-eek Chinese New Year leave and looking forward to spending the hols with family. However, for the past few days, I was asked not about my holiday plans but rather if I have heard that the general elections will be held soon. Very very soon... I was told.

I said NO WAY. It was logical to say no. It cannot be held now or anytime soon. It will be signing the ruling coalitions death order if they were to have it in the next few months.

Sentiments among the common folks don't seem to be in favour of the ruling government. People are feeling the pinch economically and there are heaps of unresolved issues. We have just had a few major street demos in the last few months. Feeling of anger and frustration is still burning. Not now.

The houses of political parties are still in a mess. Not the right time to go into battle.

Then again, it's CNY month - the most important time of the year for the Chinese. To turn the festive season into political fanfare would be detrimental. Whatmore, if the Chinese have to be resentful of the government for not doing enough for the economy (or raising their economic status), CNY is the worse time - when they will feel the pain most. It is the time for the Chinese to spend, not for what is needed, but on what others think they should have - it's customary thing. A festival steep in traditions. And this year, traders are already complaining about slow sales.

The economic fundamentals may be positive but there are not enough cash in people's pocket. Who is to blame? Who else.......

Arghh, let me enjoy my Chinese New Year!!!!!!! In peace....

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