Snap election looms

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From Domainfax:

Malcolm Turnbull’s ascendant Coalition government is moving closer to calling an early election, even as strategists warn of a backlash from voters that could cost it 10 or more seats.

The negative voter reaction is considered “containable” and is being factored in to considerations, with private polling suggesting voters will stick with Mr Turnbull, even if they mark the Coalition down for backing away from now-unaffordable promises of significant tax cuts and fast budget repair.

Fairfax Media has spoken to senior ministers and party strategists who all confirmed an early poll and a double dissolution election, which must be called no later than May 11 and held no later than July 16, was increasingly likely.

Looks like they’ve realised that the lies are slipping with the economy. My sources in the Australian Public Service have been given an alert to clear the decks lest the caretaker period arrives…

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.