The Abbottalypse returns

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From Phil Coorey, choppergate has undermined the PM:

With Parliament to resume next week, Coalition MPs say while emotions are not near the level they reached in February, morale was once again “pretty poor”.

“People are getting nervous, the muttering has started again,” said one powerbroker.

After that self-described “near-death experience”, it was reported that Ms Abbott told colleagues he needed a good six months to start turning things around.

“You could hardly argue things are much better,” one Liberal said on Thursday.

Can’t do it too soon, Libs. The election is shaping very badly:

  • the economy is going to sour quickly next year as the capex cliff, fading construction boom and car industry closure combine, and
  • the captain’s call strategy of fighting the election on the basis of negative gearing reform lies, super reform lies, Budget reform lies, carbon reform lies and over-egging ISIS is not going to cut it. Worse, the Kingslayer has neutralised boats as an issue.

Through his captain’s calls, Abbott has vacated the key policy territory that will determine the election as national challenges mount, giving Labor a free hand.

If the man is inept then giving him more time only does more damage.

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.