Hot sauce for King Bhumibol

26 December 2007 By Martin Hutchinson

After December 23 s election, supporters of deposed leader Thaksin should be able to form a government. That would bring back fiscal policies of free market economics and broadening growth to rural areas. When democracy produces a result this sensible, the King must revere it.

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The People Power Party, one of the successors to Thaksin Shinawatra's banned Thai Rak Thai party, won about 232 seats out of 480 in December 23's Thai elections. The principal opposition Democrat party won 165 seats and the proopposition Chart Thai party 37. Other parties formed as successors to Thai Rak Thai won an additional 41 seats.

Thailand's real gross domestic product grew 4.8% in 2006 and is expected to grow 4.3% in 2007, after growth rates over 6% in 20035. 2007's growth has been driven by an 11% rise in public spending while private investment has fallen for the first time since 2002.

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