Shorten surges in Newspoll

Advertisement

From The Australian:

Bill Shorten’s standing with ­voters has jumped to a 12-month high, underpinning Labor’s election-winning lead in Newspoll as Malcolm Turnbull’s support has continued to tumble. The latest Newspoll, taken ­exclusively for The Australian, shows that after the first two weeks of the election campaign the government has been unable to claw back Labor’s two-party-preferred lead of 51 per cent to the ­Coalition’s 49 per cent. And the massive approval ­enjoyed by the Prime Minister in the early months after he replaced Tony Abbott last September has been wiped out, with Mr Turnbull’s net satisfaction rating now the same as for the Opposition Leader, at -12 points. With six weeks to go until polling day, the Newspoll represents a two-party swing against the government of 4.5 per cent. If ­repeated on election day with a uniform swing, it would suggest about 23 Coalition seats would be lost and Mr Shorten would lead a Labor government with a narrow majority.

Hoocoodanode that killing negative gearing would be so popular!

Over the weekend IPSOS told a similar story but had the headline results at 50/50. ReachTEL was similar. Peter Hartcher summed it up:

Tony Abbott endorsed the government’s re-election this week with the words: “This is my legacy, this is Malcolm Turnbull’s legacy, this is our legacy, and that’s why it’s so important that we re-elect a Coalition government on July 2.”

It cost Turnbull a very great deal to earn that endorsement. To keep Abbott’s policies intact, Turnbull had to surrender some of his own. To keep faith with his party’s conservative elements, he broke faith with much that the Australian people expected from him.

In earning those 28 words of approval, Turnbull lost the approval of 3.25 million voters over the past six months, based on the fall in his approval rating in the Fairfax Ipsos poll.

Advertisement

Hoocoodanode that betraying your every principle could be so damaging?

Hello doom loop.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.