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"...public opinion deserves to be respected as well as despised" G.W.F. Hegel, 'Philosophy of Right'

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October 16, 2004

Peter Costello, the federal Treasurer, has a new Cassandra role to play, now that the federal election has been sown up and the LNP has retained its hold on the levers of power.


More here. Friday's Australian Financial Review (p. 4) revealed that the Prime Minister, "John Howard, had opted to announce all of the $6 billion in spending promises that had been proposed by the Liberal Party campaign office, rather than just one or two, as was expected in the campaign launch."

The Treasurer's new sour, prophetic note means that it is time to rollback some of the campaign promises. Hence the new messages sent through the old leak/drip feed media network. These said that the PM drifted off message and that he panicked so badly that he went on a massive spending spree, thereby undermining the coalition's economic management creditionals.

So the struggle begins.

Speaking of factions, the social liberals in the Liberal Party of South Australia seem to be continuing to lose ground to the conservatives. So the conservative's control over the Liberal Party increases. Does that mean Tony Abbott succeeds John Howard rather than Peter Costello?

| Posted by Gary Sauer-Thompson at 12:07 AM | | Comments (0)