Countdown to Do-nothing Malcolm exit?

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Via the AFR:

With the Coalition now trailing Labor in 28 successive fortnightly Newspolls under Mr Turnbull’s leadership, the Prime Minister will contend he has delivered on other promises he made at the time which included restoring business confidence and economic leadership.

Mr Abbott said on Monday that it was up to Mr Turnbull to explain why the metric of 30 negative Newspolls that was used to get rid of him in 2015 should not also apply to his successor.

“It was the Prime Minister who set this test and, I guess if he fails the test, it will be the Prime Minister who will have to explain why the test was right for one and not right for the other,” Mr Abbott told 2GB radio.

That’s as hollow as the man given how little Do-nothing has achieved but it still appears there is little appetite for change.

Meanwhile, Australia worst premier by some distance is also sliding away, via The Australian:

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Gladys Berejiklian’s Coalition government has surrendered its lead over Labor a year out from a state election, raising the ­serious risk of a hung parliament, as ­voters continue to drift to minor parties and dissatisfaction with the NSW Premier’s performance rises.

A Newspoll, conducted exclusively for The Australian, finds the Liberal-Nationals Coalition deadlocked with Labor in two-party-preferred terms, compared with the 51-49 lead the government held in the previous poll a year ago.

The Coalition’s primary vote fell two points to 38 per cent in the past 12 months, while Labor has remained steady on 34 per cent compared with the previous Newspoll taken shortly after Mike Baird’s resignation and Ms Berejiklian taking over.

Governments will continue to turn over until somebody wakes up and explains the post-mining boom adjustment, as well as offering a plan to fix it.

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.