ScoMo: Nothing changes

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Scott Morrison sets his course for doom at the AFR:

With independent Kerryn Phelps holding a modest lead over Liberal candidate Dave Sharma, who was closing the gap on Sunday, the Prime Minister pre-empted rumblings from both factions about the need for a policy response to a primary swing against the Liberal Party of more than 19 per cent.

“This is not about going one way or the other way, to the left or the right. We are in the sensible centre right of Australian politics,” he said. “That is where the Liberal Party has always been, the sensible centre right. That is who we are standing with.”

As Australia faces the prospect of a second hung Parliament this decade, Liberal moderates expressed caution about sheeting the entire result to the leadership coup.

Unprecedented doom it is. It is no bad thing to see the Property Council thrown from power and the earth salted around 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.