Reflections on the Miracle of Democracy at Work in the Greatest Nation on Earth

ACNielsen: 52-48; Newspoll: 55-45

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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  1. 201
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:07 pm | Permalink

    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.”

  2. 202
    dovif
    Posted Monday, September 22, 2008 at 2:12 pm | Permalink

    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

  3. 203
    Dario
    Posted Monday, September 22, 2008 at 2:12 pm | Permalink

    And if you did some cursory reading, you’d note that short trading isn’t corrupt. There are benefits to it. Even the financial regulator in the UK recognised as much. It is only problematic, generally, in a bear market and the regulators have thus taken appropriate action.

    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.

  4. 204
    fredn
    Posted Monday, September 22, 2008 at 2:14 pm | Permalink

    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.

  5. 205
    Cuppa
    Posted Monday, September 22, 2008 at 2:16 pm | Permalink

    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.

  6. 206
    fredn
    Posted Monday, September 22, 2008 at 2:18 pm | Permalink

    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.

  7. 207
    Posted Monday, September 22, 2008 at 2:22 pm | Permalink

    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.)

  8. 208
    Generic Person
    Posted Monday, September 22, 2008 at 2:22 pm | Permalink

    No 203

    Dario, I am entitled to talk on anything I wish until William says otherwise.

  9. 209
    Dario
    Posted Monday, September 22, 2008 at 2:24 pm | Permalink

    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…

  10. 210
    Posted Monday, September 22, 2008 at 2:25 pm | Permalink

    That’s all good an well GP, but don’t you get embarrassed sometimes?

  11. 211
    ShowsOn
    Posted Monday, September 22, 2008 at 2:25 pm | Permalink

    Dario, I am entitled to talk on anything I wish until William says otherwise.

    Please do, because it’s funny!

  12. 212
    Generic Person
    Posted Monday, September 22, 2008 at 2:28 pm | Permalink

    It would be lovely if Swan sat down and ceased his bumbling diatribe.

  13. 213
    Generic Person
    Posted Monday, September 22, 2008 at 2:31 pm | Permalink

    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.

  14. 214
    scorpio
    Posted Monday, September 22, 2008 at 2:32 pm | Permalink

    Has someone got a link to the HOR question time?

    I’ve got that many links now I have trouble finding anything.

  15. 215
    Generic Person
    Posted Monday, September 22, 2008 at 2:32 pm | Permalink

    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

  16. 216
    Posted Monday, September 22, 2008 at 2:33 pm | Permalink

    link:
    http://webcast.aph.gov.au/livebroadcasting/

  17. 217
    scorpio
    Posted Monday, September 22, 2008 at 2:34 pm | Permalink

    Thanks Grog.

  18. 218
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:39 pm | Permalink

    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.

    If tax is legalized theft, and execution is legalized murder, then short selling is legalized corruption.

  19. 219
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:40 pm | Permalink

    Brilliant!

    Albanese dubs Turnbull “The Merchant Of Venice”.

    ROTFL.

  20. 220
    Generic Person
    Posted Monday, September 22, 2008 at 2:42 pm | Permalink

    No 218

    Do describe the moral turpitude involved in short selling.

  21. 221
    The Finnigans
    Posted Monday, September 22, 2008 at 2:43 pm | Permalink

    #219, BB, that almost brought the House down. Yes, that tag will dog Bully from now on.

  22. 222
    ShowsOn
    Posted Monday, September 22, 2008 at 2:44 pm | Permalink

    If tax is legalized theft

    Did GP actually say this? I hope not.

  23. 223
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:44 pm | Permalink

    220

    Pardon me while I Google “turpitude”.

  24. 224
    Posted Monday, September 22, 2008 at 2:46 pm | Permalink

    Which particular character in the Merchant of Venice would Turnbull be? Launcelot Gobbo?

  25. 225
    ShowsOn
    Posted Monday, September 22, 2008 at 2:47 pm | Permalink

    Which particular character in the Merchant of Venice would Turnbull be? Launcelot Gobbo?

    Shylock?

  26. 226
    Posted Monday, September 22, 2008 at 2:48 pm | Permalink

    224 Very, very good TP

  27. 227
    Generic Person
    Posted Monday, September 22, 2008 at 2:48 pm | Permalink

    No 222

    Tax is legalised theft.

  28. 228
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:49 pm | Permalink

    Did GP actually say this? I hope not.

    Regrettably so. I think he must have been on the turpitudes at the time, though.

  29. 229
    vera
    Posted Monday, September 22, 2008 at 2:49 pm | Permalink

    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?

  30. 230
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:50 pm | Permalink

    Still swiggin’, apparently.

  31. 231
    Posted Monday, September 22, 2008 at 2:50 pm | Permalink

    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.

  32. 232
    Generic Person
    Posted Monday, September 22, 2008 at 2:51 pm | Permalink

    No 231

    LOL Adam. The reality is that your best refutation was the theory of social contracts. A theory! Dear oh dear.

  33. 233
    ShowsOn
    Posted Monday, September 22, 2008 at 2:51 pm | Permalink

    Tax is legalised theft.

    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?

  34. 234
    Posted Monday, September 22, 2008 at 2:53 pm | Permalink

    The silver tailed Merchant of Venice. It might stick.

  35. 235
    Bushfire Bill
    Posted Monday, September 22, 2008 at 2:54 pm | Permalink

    Why don’t you provide a logical argument to back up your case.

    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.

  36. 236
    ShowsOn
    Posted Monday, September 22, 2008 at 2:55 pm | Permalink

    LOL Adam. The reality is that your best refutation was the theory of social contracts. A theory! Dear oh dear.

    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).

  37. 237
    Posted Monday, September 22, 2008 at 2:55 pm | Permalink

    234 – Bill Leak might have fun with it

  38. 238
    Generic Person
    Posted Monday, September 22, 2008 at 2:55 pm | Permalink

    No 233

    I already did in previous threads. There’s no need to repeat them in light of your abject indolence.

  39. 239
    Gary Bruce
    Posted Monday, September 22, 2008 at 2:56 pm | Permalink

    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.

  40. 240
    scorpio
    Posted Monday, September 22, 2008 at 2:56 pm | Permalink

    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.

  41. 241
    Gary Bruce
    Posted Monday, September 22, 2008 at 2:57 pm | Permalink

    One headline the results of a poll – should read “One headline HAS the results of a poll

  42. 242
    ShowsOn
    Posted Monday, September 22, 2008 at 2:57 pm | Permalink

    I already did in previous threads. There’s no need to repeat them in light of your abject indolence.

    Oh OK, you have no argument. I guessed as much.

  43. 243
    Posted Monday, September 22, 2008 at 2:59 pm | Permalink

    Can we move on please.

  44. 244
    scorpio
    Posted Monday, September 22, 2008 at 2:59 pm | Permalink

    The Opposition are copping it in Senate QT too.

  45. 245
    scorpio
    Posted Monday, September 22, 2008 at 3:01 pm | Permalink

    Can we move on please.

    Yes please William.

    That record is badly worn by now after the needly got stuck in the same grove for so long.

  46. 246
    Bushfire Bill
    Posted Monday, September 22, 2008 at 3:01 pm | Permalink

    ...your abject indolence.

    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.

  47. 247
    vera
    Posted Monday, September 22, 2008 at 3:02 pm | Permalink

    Has The MOV introduced Brendas pensioners bill yet?

  48. 248
    scorpio
    Posted Monday, September 22, 2008 at 3:04 pm | Permalink

    Former deputy prime minister Mark Vaile has joined the board of Virgin Blue as a non-executive director.

    The budget airline says the appointment will add a new dimension of experience to the board as it expands regionally and internationally.

    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

  49. 249
    Generic Person
    Posted Monday, September 22, 2008 at 3:05 pm | Permalink

    No 246

    I knew what it meant. Did you?

  50. 250
    Dario
    Posted Monday, September 22, 2008 at 3:10 pm | Permalink

    I knew what it meant

    Only after you googled it GP

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