The latest monthly ACNielsen poll has produced an encouraging debut performance for new Liberal leader Malcolm Turnbull, with the Coalition leading Labor on the primary vote 42 per cent to 41 per cent. However, Labor maintains a 52-48 lead after preferences. Kevin Rudd leads Turnbull as preferred leader 56 per cent to 33 per cent. The poll also finds 33 per cent believe Peter Costello should quit politics against 29 per cent who think he should stay. Last month’s ACNielsen poll had Labor leading 55-45, from primary votes of 43 per cent and 39 per cent.
There are rumours of an early Newspoll this evening, so stay tuned.
UPDATE: Newspoll says 55-45, down only marginally from 56-44 last fortnight. Labor is down two points on the primary vote to 42 per cent and the Coalition up one to 38 per cent. Kevin Rudd’s personal ratings are continuing their long-term move southwards: this time his approval rating is down four points to 50 per cent, while his disapproval is up five points to 37 per cent. Consistent with the Galaxy poll, Rudd heads Turnbull as preferred leader 54 per cent to 24 per cent, after leading Brendan Nelson 62 per cent to 16 per cent a fortnight ago. No straightforward approval rating for Turnbull at this stage, but he has scored a remarkable 74 per cent on being “decisive and strong”, the flip-side of his much vaunted arrogance.
UPDATE 2: New shadow cabinet announced. Main changes: Julie Bishop in treasury, Helen Coonan in foreign affairs, Christopher Pyne in education, Andrew Robb in “a new portfolio covering infrastructure, COAG and an emissions trading scheme” and Joe Hockey in finance. No-brainer: Bronwyn Bishop dropped.




663 Comments
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Turnbull off on a tangent, waxing lyrical on the Pakistan bombing. So far he’s spoken twice as long a Rudd.
First question from Turnbull (and I paraphrase):
Q. “Will Rudd meet with Turnbull to discuss bi-partisanship on the global financial process?”
A. “Pass the Budget.”
Short selling is not corrupt, that is like saying people who buy shares to push up the price is corrupt. Short selling does provide additional way to invest and give more liquidity to the market
Unfortunitely, there are so many people with margin loans atm that if the value of a shares falls, margin calls forces these people to sell the shares, which drives the prices lower, causing other margin calls. Short selling can cause a snowball effect of making money for the short seller at the expense of the margin loan holders
This is not a left or right policy, it is just caused by really greedy people, who have no regards for other people
GP, your original statement was also that it was no more risky than any other trading practice, which was shown to be utterly false. Just quit while you are behind and stop trying to talk on something you clearly know very little about.
glen @ 185
It would be a good thing if it lasts, but I bet it doesn’t. There is another round of right wing nonsense to be had yet, Mitchin and the Abbot will see to that.
It would be interesting to know how unsettling is the presence of Costello. He sat waiting for Nelson to stuff up, and now does likewise to Turnbull. He reminds me of a Cheshire Cat: he’s all but gone; only the smirk lingers as a spooky force.
Because accountants mark assets to market, short trading is a very dangerous practice in a bear market and very worth while in a bull market.
Bishop’s first question as shadow treasurer was to Rudd. (it was an easy one… but geez, oh for a PJK to put this rabble on the shadow bench in its place.)
No 203
Dario, I am entitled to talk on anything I wish until William says otherwise.
If you don’t mind making a bigger fool of yourself of course…
That’s all good an well GP, but don’t you get embarrassed sometimes?
Please do, because it’s funny!
It would be lovely if Swan sat down and ceased his bumbling diatribe.
No 210
I recognised I was wrong when I said the risk with short selling was the same as any other stock market risk. I don’t believe my other contentions were factually incorrect.
If others want to contend that the practice is corrupt, please make an argument. Don’t attempt to shut down the debate because you think capitalism is evil.
Has someone got a link to the HOR question time?
I’ve got that many links now I have trouble finding anything.
http://webcast.aph.gov.au/livebroadcasting/mediaplayer.aspx?mediaURL=http://webcast.aph.gov.au/livebroadcasting/asx2/hms1v_100K.asx&CaptionFile=d:\inetpub\wwwroot\livebroadcasting\caption1.txt&CaptionTitle=&type=1
link:
http://webcast.aph.gov.au/livebroadcasting/
Thanks Grog.
If tax is legalized theft, and execution is legalized murder, then short selling is legalized corruption.
Brilliant!
Albanese dubs Turnbull “The Merchant Of Venice”.
ROTFL.
No 218
Do describe the moral turpitude involved in short selling.
#219, BB, that almost brought the House down. Yes, that tag will dog Bully from now on.
Did GP actually say this? I hope not.
220
Pardon me while I Google “turpitude”.
Which particular character in the Merchant of Venice would Turnbull be? Launcelot Gobbo?
Shylock?
224 Very, very good TP
No 222
Tax is legalised theft.
Regrettably so. I think he must have been on the turpitudes at the time, though.
The Fibs media cheer squad hasn’t stopped their campaigning since before the election. They have been at it with a vengence ever since pretending they didn’t really lose at all. yet still we have the 10 point gap in polls. So the question is what will happen to the polls when Labor go into campaign mode themselves before next election?
Still swiggin’, apparently.
Please don’t rise to the bait on GP’s “taxation is theft” silliness. He is just tr*lling because he likes being considered a naughty boy.
No 231
LOL Adam. The reality is that your best refutation was the theory of social contracts. A theory! Dear oh dear.
HAHAHAHHAHAHAHA
Why don’t you provide a logical argument to back up your case. You seem willing to demand arguments from others (213), why don’t you hold yourself to your own standards?
The silver tailed Merchant of Venice. It might stick.
The danger is that he might try. This will be designed to take attention from the absolute pasting that The Merchant Of Venice is getting in QT. Haven’t heard a peep out of him since that delightful put-down.
Antony Albanese…. all is forgiven.
Yeah Adam, GP isn’t convinced by theories, for example, the Theory of Evolution and the Theory of Relativity are wrong according to GP because they are only theories.
GP doesn’t realise that the best arguments for liberalism are also based on the social contract theory going back to Kant (people are ends not means).
234 – Bill Leak might have fun with it
No 233
I already did in previous threads. There’s no need to repeat them in light of your abject indolence.
While watching QT on Sky the news headlines are sliding across the bottom of the screen. One headline the results of a poll. Given that there were two polls out today, guess which one they left out and guess what areas of the poll they did mention they concentrated on.
It appears that Glen Milne was on the “turpitudes” last night too.
Today’s effort is nothing but a “cut & paste” of stuff that he has written over the past fortnight.
I didn’t provide a link because it is not worth reading but can be found on the Oz online.
One headline the results of a poll – should read “One headline HAS the results of a poll
Oh OK, you have no argument. I guessed as much.
Can we move on please.
The Opposition are copping it in Senate QT too.
Yes please William.
That record is badly worn by now after the needly got stuck in the same grove for so long.
That’s rich, coming from Google Boy. The world’s biggest financial crisis and he didn’t know what selling short meant.
Joe Hockey, asks a trick question onwhich will come first as a result of a fall in govt. revenue due to the financial crisis: slower growth or loss of jobs.
Hit into the parking lot for 6 by Rudd, who explains that loss of government revenues as a result of slower growth is due to…. boom-tish!… slower growth.
Has The MOV introduced Brendas pensioners bill yet?
Could come in handy if they want to move into the Middle Eastern wheat market.
http://www.abc.net.au/news/stories/2008/09/22/2370582.htm?section=justin
No 246
I knew what it meant. Did you?
Only after you googled it GP
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