Peter Martin reports that Australian consumer confidence is soaring and that even Coalition voters are now pleased with the way the economy is travelling.
Coalition voters have been consistently negative in their views about the economy since just after the election of the Rudd Labor government in November 2007…
This month they jumped well into positive territory for the first time since early 2008 with optimists outweighing pessimists by a margin of 12 per cent.
So I thought it would be an appropriate time to revisit how and why Rudd was elected. Hopefully it puts paid to the myth that one side is a better economic manager than the other.
It is a modified version of what I wrote late 2007 when the Federal election was won
And the Winner is…
The Bruce-Page government won another term in 1928, but in 1929 Bruce, frustrated by a series of bitter industrial disputes, introduced legislation to dismantle the federal system of industrial arbitration. Hughes led a group of backbenchers who voted against the bill and brought the government down. At the subsequent election Labor won a landslide victory and Bruce lost his own seat – the only Australian Prime Minister to suffer such a fate.
The Malcolm Mackerras View.
In the early to mid 1970s, the leader of the Liberal Party of Australia Billy Snedden’s approval rate was only 25% where the support for the Liberal Party was 58%, Malcolm Fraser eventually took over the leadership and subsequently won the next election. Recently Beazley’s approval rating was as low as 18% and subsequently Kevin Rudd took over.
History repeats itself.