Category

Australian Economy

30
Apr
2017
0

Short Time Span for Replacement of Turnbull, McCitrick on Paris Agreement, Australian Defence Against Nuclear Missiles

Trump’s agreement to meet with Turnbull this coming week (an appointment which appears to have taken longer than expected) provides an opportunity to confirm the importance of the US alliance in the context of celebrating the vital role played by the US in the defeat of the Japanese in the Coral Sea battle 75 years ago in 1942 (see press release on meeting). It also means Turnbull will obtain more photo-ops. He will doubtless also attempt to convey to the Australian electorate that his meeting with Trump reflects another acknowledgment by him of the view of right-wingers.
24
Apr
2017
0

Slight Improvement in Newspoll, March for Science

Today’s Newspoll has improved the Coalition’s polling from 47/53 to 48/52 on a TPP basis but this still leaves it in an unwinnable position and, as Crowe points out, there is no improvement in the primary vote of 36 (Labor 35). Further, as Andrew Bolt argues, unless the continued division between Turnbull and Abbott is overcome the Coalition is unlikely to restore its polling to a winnable position. Bolt’s solution is for Turnbull to go. Note also that, while ticking the citizen tests, Bolt seeks a more meaningful approach by attacking the groups which portray an incorrect picture of Australia (see attachments).
18
Apr
2017
0

Controlling Islamic Extremism & Handling N Korea

As mentioned in yesterday’s Commentary, the publication in The Australian of reports on the treatment of wives by Muslim men prompted me to circulate a Gatehouse report on various incidents involving Muslims in March in the UK. I also sent a letter to The Australian suggesting “the wives issue” raised a question about allowing the continued operation of Hitzb ut-Tahrir in Australia. That letter is below with two others on the issue, albeit one of which suggests that it would be discriminatory to point the finger at any particular group, including Muslims, which uses violence against women.
8
Apr
2017
0

Turnbull’s Polling & Policies

The lead up to the Budget (on Tues 9 May) is normally pretty quiet except for advance leaks by the government on what we might expect – or not. So far the main possibility being foreshadowed is action to reduce housing “affordability”, which sounds like a worrying move by a government which should be reducing expenditure. But as it happens, some other issues have emerged since Parliament had the break after two weeks in Canberra.
4
Apr
2017
0

Turnbull’s Polling & Developments in Climate Policy

The Newspoll published yesterday showed a return of the Coalition to the rating of 47/53 after the upward blip to 48/52 in mid March. Turnbull’s net satisfaction rate continued to slide, now to the worst since becoming PM, while Shorten’s rose to be a fraction above Turnbull’s (the graph below tells a story in itself). The only poll now favouring Turnbull is the Better PM one but even there his rating fell while Shorten’s improved to 32/41. As The Australian’s Political Editor has pointed out, “The message is that voters are in no mood to reward Turnbull for making progress on his old agenda. Why should they, if they think he is heading in the wrong direction? For any other prime minister, the solution would be a bold new direction on a social or economic issue, but this is fraught with danger for Turnbull … The alarms are sounding for the entire Coalition, not just the Prime Minister. Turnbull cannot win from making incremental progress alone. He will have to do something far more dramatic”.
27
Feb
2017
0

Turnbull Must Go

Today’s Newspoll shows that, despite Turnbull’s very recent decision to start attacking Shorten more aggressively, the Coalition’s polling has dropped a further percentage point (to 45/55 on a TPP) and Turnbull’s personal polling has dropped sharply to 29/59 satisfied compared with 33/54 last time. This has occurred after Shorten was not only unable to state the estimated cost of Labor’s 50% target for renewable energy but also announced that he would try to reverse the decision by Fair Work Australia to slightly reduce penalty rates even though he had previously supported a review when he was minister under Labor! With Labor on the back foot, the Coalition’s polling ought to have improved.
9
Feb
2017
0

Bolt on Turnbull, Interpreting Bernardi, Costello at HRN

For the second day in a row Turnbull has “savaged” Shorten in Parliament – and outside it. The savaging included an accusation about the benefit to Shorten arising from “managing” one of the deals done by the union he led before he became an MP and Labor’s leader, as outlined in the Heydon Royal Commission. The opportunity for the government to use those investigations has so far been largely neglected and the attack on Shorten presumably reflects a number of recent unfavourable developments, such as the drop in Coalition polling to 46/54 on a TPP, the resignation from the Liberal Party of Senator Bernardi, and the apparent success of Trump in effecting major changes in policy in the US (one of which was even quite favourably regarded in a poll here).
2
Feb
2017
0

Turnbull, Shorten & Trump

Turnbull’s address to the National Press Club was supposed to set out his policy agenda for 2017. Perhaps the first thing to note is that his text made no mention at all of the election of Trump as the new President of the US and the possible need for Australia to change some of its policies as the result of the major changes being implemented by Trump. This was surprising if only because of the importance of the US as a world power and our alliance with this country. But also because Trump appears to be reversing many of the major policies pursued by Obama, some of which have implications for Australia’s.
16
Nov
2016
0

Criticism of IMF Report Justified, Important to Maximise Use of Coal as Energy Source

I have no doubt that Terry McCrann does not want to be labelled a spokesman for Donald T. But after his conclusion yesterday that, in the wake of what he described as “the Trump-quake”, Turnbull now has a last chance to pull his socks up, Terry has again pursued one of Trump’s favourite targets viz international institutions. On this occasion it is the International Monetary Fund and the report by its “mission” to Australia to report on the Australian economy and the economic policy being pursued by the Turnbull government.
27
Sep
2016
0

Ken Henry on Budget Problem, Aleppo Highlights US Failures Under Obama, Ban Muslim Migrants?

The Weekend Australian ran as the lead report an interview by Paul Kelly with former Treasury Secretary, Ken Henry, who is now Chairman of the National Bank. Henry said that more needs to be done to reduce the budget deficit instead of talking about it (see Ken Henry on Budget Deficit). This provided an opportunity to point out that the “times have changed” since Henry was the TS and advised Rudd to go for broke: indeed the advice to Rudd was, at best, highly questionable if not wrong (see my letter below). The Australian is to be congratulated for continuing its helpful advocacy today partly through publishing a swag of supporting letters and partly by having its Canberra Bureau Chief, Phillip Hudson, pen a separate article (see Everyone to blame for our budget spiral of hopelessness). Hudson points out that one of the problems is that “ Neither Labor or the Coalition, on their current trajectory, ­promise a surplus before the next election. Morrison hopes for one in 2020-21. Labor went to the last election with a plan that would leave the budget $16bn worse off over the next four years before making everything tickety-boo within a decade. These scenarios are based on Australia continuing on its growth path of the past 25 years. What happens if something goes wrong?”