Australian (ASX) Stock Market Forum

Tony Abbott for PM

Not really
I wonder how long it will take for the Abbott disappointment to set in should he win. All those voters told what he will do, but since half of it is a 180 degree turn from other stuff he's said, it's hard to really get an idea of what will happen. I suppose it will depend on who squeals loudest and gets the greatest support from the MSM.
.

Abbott is pragmatic and will do what's best, unlike Labor who have only served up Latham, Gillard and Rudd in recent times, what a bunch of no hopers..........and at our expense to boot.:rolleyes:
 
Abbott is pragmatic and will do what's best, unlike Labor who have only served up Latham, Gillard and Rudd in recent times, what a bunch of no hopers..........and at our expense to boot.:rolleyes:

Absolutely, well said, Burnsie.
Bring on Sept 7th
 
Abbott leads, women switch off Rudd

The coalition's election lead over Labor has stretched to six percentage points, according to a new poll, in an apparent confirmation of Prime Minister Kevin Rudd's underdog claims.
The poll of 2,908 people conducted by ReachTEL for the Seven Network on Saturday afternoon gives the coalition a 53-47 per cent two-party lead over Labor
It's the biggest gap since Mr Rudd reclaimed the top job in June.
The ALP's primary vote has fallen by more than half a point to 36.9 per cent, while the coalition has jumped 1.2 to 46.9 per cent, according to the poll.
Meanwhile, Opposition Leader Tony Abbott now enjoys a six percentage point lead as preferred prime minister with 53 per cent over Mr Rudd's 47 per cent.
Mr Abbott could have female voters to thank for the lift - women now favour Mr Abbott over Mr Rudd by 51 percentage points to 49.
http://news.ninemsn.com.au/national/2013/08/10/18/45/abbott-leads-women-switch-off-rudd-poll
 
I couldn't access that link, Calliope. Could you copy and paste the relevant parts or provide a different link?
Was there another question which said "If an election were to be held today who would you vote for?"

I'm asking because Radio National several times during Breakfast said the latest Newspoll showed Labor's primary vote down to 35%.
 
I couldn't access that link, Calliope. Could you copy and paste the relevant parts or provide a different link?
Was there another question which said "If an election were to be held today who would you vote for?"

I'm asking because Radio National several times during Breakfast said the latest Newspoll showed Labor's primary vote down to 35%.

Sorry link didn't work.

Rudd and Labor are going backwards in the election campaign as the Coalition's primary vote continues to climb and Tony Abbott's personal approval rises.

While the Prime Minister remains the nation's preferred leader, the Opposition Leader has significantly narrowed the gap as preferred prime minister since the election campaign began from 14 points to nine points.

Labor's primary vote is at its lowest - and dissatisfaction with the Prime Minister at its highest - since Mr Rudd returned to the party leadership six weeks ago.

According to the latest Newspoll, conducted exclusively for The Australian on the weekend, the Coalition's primary vote support of 46 per cent, up two percentage points in the past week, is at a three-month high. Labor's 35 per cent, down two points since the beginning of the formal campaign last week, is back to where it was when Mr Rudd removed Julia Gillard as leader. The Greens' primary vote continues to oscillate between 9 per cent and 11 per cent.

Based on preference flows at the 2010 election, the two-party-preferred vote is steady on a winning lead for the Coalition of 52 per cent to Labor's 48 per cent.

The Newspoll survey also showed that 54 per cent of voters expect the Coalition to win the election while 26 per cent think Labor will win.
 
Tony Abbott on Rudd's note cheating..


"The problem with the Prime Minister last night was not that he was reading from notes, it was more that the notes weren't worth reading, that was the problem last night."


Nice one Tony.
 
Tony Abbott on Rudd's note cheating..


"The problem with the Prime Minister last night was not that he was reading from notes, it was more that the notes weren't worth reading, that was the problem last night."


Nice one Tony.
+ 1. Yes Abbott did well with that response rather than start jumping up and down and calling Rudd a cheat. He blamed his staff for not telling him about the rules. OMG.

The Australian had Abbott a clear winner last night and he did it without notes. Good on him.

Abbott did not let Rudd get away with his usual lies and spin.

http://www.theaustralian.com.au/opi...n-rudd-in-debate/story-e6frg76f-1226695148862
 
Tony Abbott on Rudd's note cheating..


"The problem with the Prime Minister last night was not that he was reading from notes, it was more that the notes weren't worth reading, that was the problem last night."


Nice one Tony.

A good quote dutchie.

So true.

gg
 
Tony Abbott was weak in last night's debate when it came to the detail of the Coalition's budget bottom line, but I suspect he's keeping the Coalition's cards close to his chest for as long as he can to keep Labor guessing.

Those cards were a little too close to the chest for a period last week when the Coalition suggested that the electorate could do the sums. It was a prudent move when they backed down from that one.
 
Very interesting response from Christopher Pyne in relation to the GST on Q&A tonight.

Even though a tax review under the Coalition would include the GST, he stated there would be no change to the GST under an Abbott Government.

Is this the John Howard 1996 never-ever tactic revisited or has there been a deal done between Tony Abbott and Malcolm Turnbull at some point during the next term should the Coalition win office.

Otherwise it's resembled an episode of children squabbling.
 
Very interesting response from Christopher Pyne in relation to the GST on Q&A tonight.

Even though a tax review under the Coalition would include the GST, he stated there would be no change to the GST under an Abbott Government.

Is this the John Howard 1996 never-ever tactic revisited or has there been a deal done between Tony Abbott and Malcolm Turnbull at some point during the next term should the Coalition win office.

Otherwise it's resembled an episode of children squabbling.

If GST is to change, presumably with other offsetting tax changes, I would think it would be taken to the next election. If the libs did a Gillard they might be a one term government.

Most parties want longevity and won't do what Gillard did with her carbon tax. Clearly labor are trying to scare monger over GST as it seems they have little else to offer.
 
It is a furfie, an attempted distraction and a steaming pile of cow dung all rolled into one.

http://taxreview.treasury.gov.au/co.../publications/papers/report/section_10-06.htm

Box 10.5: Administration of the GST base
Clauses 32‑36 of the Intergovernmental Agreement on the Reform of Commonwealth‑State Financial Relations set out the administration arrangements applying to the GST. Any change to the rate or the base of the GST must be unanimously agreed by the Australian government and all the States. Purely administrative changes only require the majority support of the Australian government and the States.
 
Interesting analysis on macrobusiness yesterday regarding the potential budget black hole for Tony. Seems a bit more realistic that Labors $70B

A number of points are immediately obvious.

Tony Abbott is promising almost as much in nominal tax cuts as John Howard did in 2007. $26 billion now versus $34 billion then. Those tax cuts have since been seen as a wild election splash. As we move into the post-miming boom era, what should these be seen as?

If we remove vague items such as dams and carbon adjustments, the Coalition could plausibly meet a commitment to spend less than Labor without having to make huge further cuts but has little chance of producing a lower deficit than Labor owing to its pledged tax cuts.

The Coalition has to find a lot or savings if it doesn’t want to blow the budget. If we take out the environment and water policies, it’s still $25 billion in savings needed and that’s before we get to further very likely revenue write downs next year as Treasury forecasts prove optimistic once more.

Given this last point, this is a budget platform that more resembles a stimulus package.
In those terms, is it useful? The tax cuts will do little in the short term. If scrapping the carbon price lowers electricity prices then it will be very stimulatory. But I am doubtful. Most of the price rises are unrelated to the carbon price and generators know expensive change is coming anyway so they will keep the fatter margins. I would.

The company tax cut is better long term but won’t do much for demand in the short term. The mining tax cut won’t boost mining since they’re not paying it anyway and their problems are more related to commodity prices. On a rough calculation, the FBT change, PHI reform and dams/infrastructure spending are equivalent to about 0.2-0.3% of GDP per annum.

As it currently stands, the Coalition budget is a few good long term supply-side reforms mixed with politically-driven short term cost-of-living and stimulus measures (that will cost more in the long term). It amounts to a recipe for a generously expanding public deficit largely spent upon repeat revenue items instead of the one-off productivity investment that we need to carry us over the mining investment cliff.


I'm not exactly sure why selling Medibank Private is a cost saving? I thought it actually makes a profit each year? Selling an asset shouldn't affect the budget bottom line??
 

Attachments

  • coal budget.JPG
    coal budget.JPG
    68.4 KB · Views: 202
Interesting analysis on macrobusiness yesterday regarding the potential budget black hole for Tony. Seems a bit more realistic that Labors $70B
That table's not complete. The Coalition for example has also announced savings in superannuation. The start up date for TA's PPLS has also not been announced.

Until all the Coalition's policies and costings are released, it's somewhat discussion in a vacuum. This is obviously a risk the Coalition is prepared to take at this stage of the campaign.
 
Top