On early election clap trap

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From Fairfax:

During a morning television blitz on Wednesday, Mr Abbott also denied his big spending budget was a primer for an early election, insisting the next poll would be held around the “middle of next year”.

Australia’s 2 million small businesses won a $5.5 billion bonanza in Tuesday’s federal budget, including the ability to claim an unlimited number of tax deductions for buying cars and machinery valued at less than $20,000 each.

Also from Fairfax:

“I think the government would be very unwise to have an early election,” he said.

“That’s my free advice. I haven’t been asked.

“It’s a matter for the Prime Minister but I don’t see a particular double dissolution trigger in this.

“There’s no earthly reason in my view to have an early election.

“A double dissolution does not solve the senate problem. It potentially aggravates the senate problem.

“You don’t solve it at all. My hope is the government goes its full term.”

Seems good advice to me. Perhaps I’m wrong but I don’t think that the budget will change much and Tony Abbott ought to enjoy the time he has left.

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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.