Budget Doubts Enhanced, Threats to Trump
Both main sides continue to debate the second budget of the Turnbull government, with the most interesting development being the view expressed by Albanese that Labor should welcome the Coalition’s budget measures! But there is no indication from most Commentators that initial views have changed and that an improvement in the Coalition’s polling is likely to occur. In fact, doubts about the achievement of estimated budget outcomes have increased following the publication of a much lower growth in wages than assumed in the 2017-18 Budget estimates (1.9% cf 2.5%), a further fall in consumer confidence (the sixth successive occasion when pessimists have outweighed optimists), and a warning from credit agency S&P that while it kept Australia’s credit rating at AAA it also warned that it is at risk of a downside over the next two years. The improvement in the latest employment survey may help if it is sustained. But doubts continue about the survey’s reliability.
Turnbull & Trump
As we get closer to the resumption of Parliament on Tuesday 7 Feb, many have increasingly wondered what issues the Turnbull government will prioritise in the New Year and how it will react to the new Trump government in the US. In today’s Herald Sun (see below), Terry McCrann suggests that Turnbull has offered few indications of the policies he intends to pursue actively and gives the impression that he is ill prepared to handle the new policies which Trump has indicated he intends to pursue in the US. This confirms, McCrann says, what he said back last April when he wrote that “Turnbull was a complete dud”. Perhaps Turnbull will make his position clearer in his promised major address on February 1.
Renewable Energy; Hiatus Continues; Islamism under Obama and Brennan
My previous Commentary on 18 Jan drew attention to the quite wide differences in the increase in global land temperature since 1979 between official government agencies and the satellite operated by the University of Alabama. I indicated that there should be no significant difference between the official agencies and the satellite increases and suggested that the higher increase published by the official agencies reflected significant errors by them. The comparative figures indicated that these errors could amount to 0.4C of the total increase of about 0.8C accepted by the IPCC et al since 1900. I noted also that the “natural” increase during the Pacific Decadal Oscillation from the late 1970s to around 2000 was about 0.4C and that, taking account also of errors, this means there could well have been little or no increase in global land temperature since 1900 due to human activity.
Update on Islamism & Govt Responses
Since sending my Commentary last Tuesday, I have experienced a swelling in my left knee which put me out of action temporarily. The good news (sic) on Islamism and deterrent policies is that there has been no repetition of the Paris type attacks. However, Christmas has been officially banned in Burundi and effectively banned in many other areas with only limited defence emerging from religious and political leaders. There is much to be done to preserve western beliefs.