No political capital left
In one GE, the PAP has practically spent every cent of its political capital to ride back to Parliament, but with only 60% of popular votes. Many ministers in GRCs managed less than 60% of the votes. They pulled through not on their own merits, for many there were none, but on the goodwill of the party built over the decades. It is quite clear that whatever political capital there was, all has been expended in this election. And comes 2016, there will be nothing left to fall back on. The last 10 years of arrogance, aloofness and unpopular policies that were not well received would be in the track record as deficits. Also by then, the party cannot think of depending on the goodwill of LKY to give them a lift. What a coincidence that both the party and LKY would be spent force then. 2016 will be a defining year, to determine if PAP will still be in power or in the opposition. And it has to rebuild its tarnished reputation and political capital from this very moment. This GE it only has a margin of 20% majority vote which means a 10% swing will become a make or break result. This is how precarious its position is now. The ground sentiment favouring the PAP has shifted and leaving only a few hard core believers in the camp. With more than 30% already entrenched in the opposition camp, with probably another 10% gone, there is barely 10% left of swing votes to convince. What makes matter worst is that the core of PAP supporters will be adopting a wait and see approach. Many no longer believe in the party wholesale like before. They have become more wary of a self serving party, and unless the party can prove otherwise, their votes cannot be taken for granted. The fortune of the PAP has changed, in just a short few days. Amazing indeed! The invincibility, the diehard believers that would simply vote for the party, will be no diehards anymore. There is a flutter in their hearts. The talk of another 10 or 15 years is now looking like wishful thinking. 2016 is going to be a new ball game and the electorate will have little emotional attachments to the PAP. The brand has lost its glamour and devotees. And with the pressure for more disclosure on how much the ministers are really getting mounts, the lack of transparency, to come clean, will bear heavily on the little trust that is left on the party.