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The fight’s got a way to go

June 10, 2010

After all the tough talk of no compromise, it appears KRUDD is starting down his usual policy path of flamboyant hyperbole followed by a “subtle” combination of backflip and bribe. The latest installment is a $2 billion bribe to Western Australia for infrastructure in exchange for the RSPT. Terrific! Ruin the mining industry in exchange for a few roads.

As Terry McCrann points out, if this is the best he can do then this fight ain’t over!

KEVIN Rudd’s trek to Perth with his bizarre bribe, and trailing his cabinet caravan behind him, was not a good idea and an even worse look. The assorted cabinet members looked all-too like stunned and rather meek turkeys voting for an early Christmas.

The bribe was crude and unconvincing enough . . . More substantively, here was the prime minister proposing to cripple the WA economy, and seeming to think that throwing a few baubles across the Nullarbor would both mute the realisation of and offset the very real disaster here was the prime minister proposing to cripple the WA economy, and seeming to think that throwing a few baubles across the Nullarbor would both mute the realisation of and offset the very real disaster.

Cripple the WA economy? Surely not.

After all our prime nerd has economic modelling that proves, proves, that seizing mining assets with no compensation and imposing punitive taxes would increase investment in mining by 4-5 per cent and boost jobs by 7 per cent.

It’s obvious isn’t it? Apart from the fact that this sort of modelling is never wrong — look how the Treasury gets its budget forecasts dead right every year. Well, at least within a reasonable margin of error of like 100-200 per cent.

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