The Coalition has received a rather earth-shattering wake-up call as we mark the Labor party’s first twelve months in office.
According to the latest Newspoll survey, Labor now leads the Opposition by 59 per cent to 41 per cent on a two-party preferred basis.
This represents the Coalition’s worst performance since June, and its second-lowest support since the election. Read more »
It’s been a shocker of a week for Malcolm Turnbull. Read more »
That’s a bit of irony, by the way! But I was interested to see Crikey come out with this:
But you get the sense Turnbull also gets worried whenever he’s out of the headlines for any length of time. In politics, sometimes a low profile can be useful. Sometimes it’s best to let attention focus on your opponents. But Turnbull may not have worked that out yet.
Read more »
Picking up on Reserve Bank governor Glenn Stevens’ remarks about “borrowing to invest” and not being afraid of a deficit if there are good policy outcomes to be had, eight prominent economists (including a couple of blogging ones) have written an open letter to Kevin Rudd making suggestions for a further fiscal stimulus under three headings of policy - Superannuation flexibility, Building the nation and Preparing for climate change. Read more »
No doubt because Malcolm Turnbull has demonstrated his stunning grasp of economics yet again by claiming that the Commonwealth budget going into deficit is some sort of yardstick of economic failure, there’s been an immense amount of commentary on Kevin Rudd and Wayne Swan’s willingness to utter the word “deficit”. The latest instalment in the saga is documented by Peter Martin here - Rudd’s conceded that Australia may have to sustain a “temporary deficit”. Read more »
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