Do-nothing Malcolm polls crater

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From The Australian today:

Voter satisfaction with Malcolm Turnbull’s performance as Prime Minister has sunk below 30 per cent for the first time, as Labor chalked up its third successive Newspoll lead of 52 to 48 per cent.

The latest Newspoll, taken ­exclusively for The Australian, ­reveals Mr Turnbull’s satisfaction rating of 29 per cent is now lower than Tony Abbott’s measure of 30 per cent when he was toppled as leader in September last year.

And Mr Turnbull’s standing as the preferred prime minister has also been cut to his lowest mark since seizing the top job. It has been sliced by three points to 42 per cent. While he maintains a lead over Bill Shorten on 32 per cent, it is the closest margin ­between the leaders on this ­measure.

The poll of 1673 people was taken from last Thursday to Sunday as Mr Turnbull and Mr ­Abbott contradicted each other on the floor of parliament over guns and presented rival reform plans at Saturday’s NSW Liberal Party conference. Mr Turnbull yesterday described his relationship with Mr Abbott as “cordial”.

Two-party preferred:


And the Highway to Hell:


Hoocoodanode that doing nothing but supporting specufestors at every turn could be so bad for your popularity? From Domainfax:

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Liberal senator Arthur Sinodinos has refused to rule out a return to power for Tony Abbott.

On the ABC’s Q&A on Monday night, Mr Sinodinos – a key confidante of Malcolm Turnbull – said “bitter experience” had taught him that anything can happen.

He said that the Liberal party was moving on to the younger generation, and he “wouldn’t put money” on Mr Abbott’s return.

“But I’m always careful in these things,” Mr Sinodinos said. “Because in life, I’ve learnt, in politics, it’s the thing you least expect that can come back.”

Of course it’s possible. All Tony has to do is keep destabilising as Malcolm’s polls collapse and it’s a self-fulfilling prophecy.

It’s inevitable.

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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.