The Abbott reply to the Budget has cut the ribbon on a four month election campaign but if the Opposition leader can maintain the strong, “I look like a grown up” image he delivered in Parliament last night, then Labor’s worst nightmares of a complete rout on September 14 could actually happen.
On Wall Street
In case the importance of the Coalition’s comeback to the Budget offering of the Gillard Government is not a prime concern, Wall Street was down marginally after some loose talk from a Federal Reserve president, who suggested quantitative easing could soon be tapered and even ended this year. However, all of this is predicated on unemployment coming down markedly. The size of the fall — the Dow off 0.28 per cent and the S&P 500 down 0.5 per cent — indicates the market was not too spooked at the prospect.
Now let’s get back to Abbott and get prepared for media madness, as he is accused of depriving low income Aussies and their school kids.
Let me give you a quick summary:
Most of these promises are appealing to the voters Tony is chasing — the aspirational middle class, small business, big business and all of those Australians who might think the Gillard Government is either dysfunctional, incompetent or has lost its way.
Labor has a philosophical challenge. It is true enough to left-leaning supporters but their right-wing former supporters are bewildered at their spectacular failures, such as asylum seekers, budget finances and the loss of the likes of Simon Crean and Martin Ferguson from the Government’s management team.
All the Government can do is paint Abbott as the mean, wealthy-loving Liberal, who will demolish the happy and better life created by the Rudd-Gillard teams. You can see this as fact or irony depending on the way you see life.
On your mark, get set, go!
My objective view is that Abbott delivered the best speech I’ve seen him do — he’s been practicing — but most importantly, he did look like a grown up and someone who might be able to do a better job. And that’s all Opposition leaders have to do as generally Government’s lose elections.
Let the election campaign, the insults, the lies and the dirty tricks begin. I wonder what or who will replace a rampaging Mark Latham with a Channel Nine microphone? Who knows, Mark might be in training for a comeback — no, not as a politician, but as a media maelstrom!
Important information:This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.
Click here to subscribe to the Switzer TV channel on YouTube and keep up to date with all of our shows.