Clive assumes power

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From the Brisbane Times:

Prime Minister Tony Abbott faces three years of horse trading to get his legislation through the Senate following a Western Australian poll that featured a swing of about 5 per cent against both major parties.

The Greens’ Scott Ludlam and the Palmer United Party’s Dio Wang will head to Canberra, while the Coalition looks set to claim three Senate seats and Labor just one.

…With 68 per cent of the vote counted on Sunday, election analyst Antony Green predicted the Liberals’ David Johnston, Michaelia Cash and Linda Reynolds would secure three Senate seats, Labor’s Joe Bullock would claim one, while Senator Ludlam and Mr Wang would get places, too.

Carbon and mining taxes are dead and only Clive knows what other madness is now headed our way.

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.