Those who think the government has an economic policy will struggle to find one in this Budget. Indeed anyone who thinks there was an economic problem to apply it to will have trouble finding that too. Despite all the talk of the ‘cancer’ of inflation, Swan’s expectation that inflation will fall back to 3% next year is even more benign than the RBA which expects it to happen a year later. Read more »
It would seem on the surface that the Liberal leadership has descended into fantasy with talk that the politically astute former Treasurer could be a serious contender only six months after having turned it down when offered it on a plate. Read more »
There is starting to be some fairly tortured analysis doing the rounds in the press in the run up to next Tuesday’s Budget. The basic argument seems to be the same: Swan faces some tough decisions in the Budget and will have to do some careful juggling if he is to balance the highly complex demands of Australia’s current economic position. Read more »
Nature might abhor a vacuum but that doesn't mean she can necessarily fill it, and Nelson is living proof. Rumours that Nelson could be replaced are not coming to the surface because the alternatives are any more credible than they were five months ago when he was elected, but as a gut reaction to the political bankruptcy that Nelson has helped to bring to the open since then.
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To get a feel for how the political landscape has changed since Rudd’s apology speech, you only have to compare his confident performance on Thursday’s Lateline with that on The 7.30 Report a week earlier. Read more »
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