March 20, 2012
The Gillard Government is hardly adrift or marooned in the sense of its capacity to pass legislation. It is actually is being very successful at doing this. Gillard has now passed the second of the three agenda items she promised to fix when she assumed the prime ministership nearly two years ago.
Yet the tendency in the mainstream media is interpret the country through our leaders. The argument---if there is one ---goes something like this. Gillard is unliked by ordinary Australians. She has a credibility problem. Her speeches are flat and dull. Therefore Labor is increasingly on the nose. Most voters oppose key policies. That is why the Opposition would win an election hands down. Australia is a conservative nation.
The hard reality is that Australia's economic fortunes and well being primarily depend on the sustained demand for commodities from the major five Asian countries (China, India, Indonesia, Japan and Korea) not on Gillard's personality or lack of it.
Unless there is continual economic growth in the economies of the US and the developed world and therefore the Asian countries, then the demand for Australian mineral resources will fall. Australia's economic growth will then flatten.