Taiwan Election News All Good

So much for surprises and close races, the election in Taiwan went according to script.

Taiwan's opposition candidate cruised to victory in the presidential election Saturday, promising to expand economic ties with China while protecting the island from being swallowed up politically by its giant communist neighbor.

Fireworks lit up the sky over Ma Ying-jeou's headquarters, and cheering supporters put up victory posters before the former Taipei mayor climbed on stage and declared victory.

This bit is just impressive.

Ma won 58 percent of the votes compared to 41.5 percent for his challenger, according to the Central Election Commission. Turnout was 76 percent, the commission said.

Imagine if 76% of all registered US voters took part in US presidential elections. 76% is simply astounding, Saturday was a good day for Democracy.

The markets will likely react positively to this news. If you follow the RoC markets, they have been booming with gradual improvements in economic relations between China and Taiwan.

Additionally, both ballet referendums calling on the government to work for the island's entry into the United Nations failed. Looks like the only fireworks are those celebrating Ma's victory, as it should be.