It’s bifurcation in post-Budget polling today with Newspoll showing deterioration for the Abbott Government despite The Australian’s best efforts to hide it:
Voters have endorsed the Coalition’s second budget as the best in seven years, declaring it good for the economy, and four times more people than last year believe they will be personally better off.
…Based on preference flows from the last election…the ALP has extended its 13-month lead over the government in two-party-preferred terms to be ahead by 53 per cent to 47 per cent.
Meanwhile, at Fairfax, it’s all good for the Government:
The post-budget Fairfax Ipsos poll shows that, while the business community might despair about Tony Abbott and Joe Hockey closing up the reform shop and deciding there wasn’t really much to be seen on the whole debt and deficit emergency, their second budget has honed directly in on the task at hand: rebuilding the Coalition’s base and spending $20 billion to do it.
In the process, the first sign of the government drawing level with Labor has taken the prime minister’s leadership off life support and increased the chances that the Coalition will be emboldened to go earlier rather than later to the polls.
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.
The post-budget Fairfax Ipsos poll shows that, while the business community might despair about Tony Abbott and Joe Hockey closing up the reform shop and deciding there wasn’t really much to be seen on the whole debt and deficit emergency, their second budget has honed directly in on the task at hand: rebuilding the Coalition’s base and spending $20 billion to do it.
