Mr Lee, the prime minister, was quick to point to the "by-election" effect.
As a recent report by ING points out, Indonesian stocks rose in the run-up to all of the past three elections, turbulent and turgid ones alike.The one country that might not profit from this pre-election effect is the Philippines.
HOW might the elections effect European economic policies?
State officials said Wednesday that the deal would remain intact and that the election outcome had no effect on the city.
Combined with the widespread understanding that most votes in most states simply have virtually no chance of affecting the outcome of the presidential election, the effect is to erode our collective belief that our most important political office is actually chosen democratically.
Democratic strategists who just weeks ago were gloomy about their November prospects say the corporate issue is a way to nationalize the election, in effect, giving dozens of Democratic congressional candidates a single issue to use against the Republicans.
Major portions of that law, which was subsequently validated by the US Supreme Court and was a major issue in the 2012 presidential election, took effect on Tuesday.
But in the general election this effect was comparatively minor.
Such is the bitterness over the lack of action by the NSW state executive and the Baird's decision to put off the reforms, that the grassroots members' "strike" could linger past the state election and effect the re-election chances of the federal government, despite Abbott's stated support for the reforms.
As Fairfax's chief political reporter, Mark Kenny, described of the Queensland election, "Its effect was to awaken Liberals from their compliant torpor towards a new realisation that their collective decline is structural rather than presentational, and that it will not go away".
