ScoMo rising!!!

[brian ross]

'Go to an early election; get smashed': NSW Liberal's advice to Morrison

[Rorschach]

Oh I get it you are doing a Turnbull with the site.
Seeing how many stupid pronouncements you can post and get away with

Do you honestly think the Liberals should be taking advice from LW Progressives?

Oh... of course you do

[Neferti]

'Go to an early election; get smashed': NSW Liberal's advice to Morrison

The Faux Fax lot?

[cods]

'Go to an early election; get smashed': NSW Liberal's advice to Morrison

The Faux Fax lot?

let the wankers wank nef.....you know how childish they are dont forget they even brought kruddy back in sheer desperation.....

and he managed the worst primary vote they had ever had...

Morrison doesnt seem to me to be a quitter.... who knows come the election he may even win back Wentworth... and we can all send brian a big fat middle finger....

[brian ross]

Morrison doesnt seem to me to be a quitter.... who knows come the election he may even win back Wentworth... and we can all send brian a big fat middle finger....

How terribly, terribly American of you Cods. I thought at least you would have given me a traditional English salute...

[Black Orchid]

I would consider the middle finger more Australian than anything.

[LEFTWINGER supreme]

Rising to the realisation that he probably won't make it as PM to election

[sprintcyclist]

There is absolutely no doubt that global financial markets want the Liberal Party to select Scott Morrison as prime minister.

On Thursday, an overseas investment bank opined in a note to clients that as prime minister Morrison would be received "positively by the markets and see some recovery in the Australian dollar and risk [appetite]".

"Morrison is a solid Treasurer, business friendly, and has put the budget back on track to surplus," the investment bank continued.

"For markets, he would likely be preferred as Prime Minister to Dutton, who has signalled some dubious and populist policy ideas…[like] dropping the GST on electricity bills, using the revenue from the failure of the large company tax cuts for lower income, and large cuts to immigration."


"ScoMo", as he signs off his emails, has always been the dark-horse. While he does not seek acclaim for his accomplishments, the fact is that ScoMo literally "stopped the boats" as immigration minister and has shocked investors around the world with extraordinary outperformance via the budget as Treasurer, saving Australia's AAA credit rating in the process.

In 2017, CBA forecast that the AAA rating would be lost while credit rating agency Standard & Poor's derided ScoMo's budget as having no hope of hitting its forecast of a surplus in 2020-21.

And yet over the first 11 months of the 2018 financial year ScoMo pushed the budget into a technical surplus—years ahead of schedule—on two of its three core measures (the fiscal balance and net operating balance).

It is almost certain that the budget will officially move into surplus at some point over the current financial year on a rolling 12 month basis, which nobody (except this column) expected.

As a consequence, the Australian Office of Financial Management has started warning investors to prepare for a world in which the stock of commonwealth government bonds actually starts shrinking again as ScoMo pays back the debt.

If the Liberal Party can move on from the present dramas and delay the election for as long as possible, the political salience of a budget surplus coupled with a booming economy and record employment growth should gain traction.

And while the polls put the race at a statistically insignificant difference between the two main parties, the Coalition has yet to unleash a tsunami of election advertising attacking Labor's proposals to remove negative gearing on investment properties, eliminate the capital gains tax discount, and deny retirees cash rebates on their franking credits.

After dispensing with its proposal for broad-based corporate tax cuts, which have been assumed in the current budget projections, the Coalition has liberated a revenue neutral war-chest with which to bequeath more income tax cuts for all Australians.

I personally find the business of politics distasteful, and try to minimise the time I have to allocate to thinking about it.
Put more bluntly, politicians tend to be highly narcissistic and myopic individuals. But in my dealings with Morrison, he has struck me as genuinely different.

Unlike most of his peers, Morrison always under-promises and over-delivers, as he has done in the treasury and immigration portfolios.

He's consistently smashed his own budget forecasts for revenue and spending despite every man and their dog claiming his assumptions were wildly optimistic.

An interesting counter-factual is that we used to hear endless criticisms of Joe Hockey. And yet this harping has disappeared on Morrison's watch.

Morrison is also a real grinder, outworking most politicians I've come across. And, finally, he's seriously smart, but this intelligence is crucially leavened with a pragmatic overlay.

His innovative big bank tax, which for the first time priced the implicit government guarantee that artificially lowers the price of money for the major banks, was a terrific example of this practical creativity.

I remember one meeting where an incredibly complex set of financial structuring relationships was outlined to Morrison and his advisers.
The Treasurer instinctively started sketching a flow-chart as this was being explained, and it perfectly described the concepts diagrammatically. The experts on the other side of the table were left speechless by its lucidity.

In May 2018, I wrote that Morrison had delivered what should be "an election-winning budget", which has been turbo-charged by the decision to drop the corporate tax cuts.

I concluded that Morrison's "accomplishments and rising public faith in his ability to deliver on promises in an understated way create the foundations for the Treasurer to one day argue that he is prime ministerial material".

This day has arrived sooner than anyone anticipated.

https://www.afr.com/news/politics/elect ... 823-h14dwn

[sprintcyclist]

There is absolutely no doubt that global financial markets want the Liberal Party to select Scott Morrison as prime minister.

On Thursday, an overseas investment bank opined in a note to clients that as prime minister Morrison would be received "positively by the markets and see some recovery in the Australian dollar and risk [appetite]".

"Morrison is a solid Treasurer, business friendly, and has put the budget back on track to surplus," the investment bank continued.

"For markets, he would likely be preferred as Prime Minister to Dutton, who has signalled some dubious and populist policy ideas…[like] dropping the GST on electricity bills, using the revenue from the failure of the large company tax cuts for lower income, and large cuts to immigration."


"ScoMo", as he signs off his emails, has always been the dark-horse. While he does not seek acclaim for his accomplishments, the fact is that ScoMo literally "stopped the boats" as immigration minister and has shocked investors around the world with extraordinary outperformance via the budget as Treasurer, saving Australia's AAA credit rating in the process.

In 2017, CBA forecast that the AAA rating would be lost while credit rating agency Standard & Poor's derided ScoMo's budget as having no hope of hitting its forecast of a surplus in 2020-21.

And yet over the first 11 months of the 2018 financial year ScoMo pushed the budget into a technical surplus—years ahead of schedule—on two of its three core measures (the fiscal balance and net operating balance).

It is almost certain that the budget will officially move into surplus at some point over the current financial year on a rolling 12 month basis, which nobody (except this column) expected.

As a consequence, the Australian Office of Financial Management has started warning investors to prepare for a world in which the stock of commonwealth government bonds actually starts shrinking again as ScoMo pays back the debt.

If the Liberal Party can move on from the present dramas and delay the election for as long as possible, the political salience of a budget surplus coupled with a booming economy and record employment growth should gain traction.

And while the polls put the race at a statistically insignificant difference between the two main parties, the Coalition has yet to unleash a tsunami of election advertising attacking Labor's proposals to remove negative gearing on investment properties, eliminate the capital gains tax discount, and deny retirees cash rebates on their franking credits.

After dispensing with its proposal for broad-based corporate tax cuts, which have been assumed in the current budget projections, the Coalition has liberated a revenue neutral war-chest with which to bequeath more income tax cuts for all Australians.

I personally find the business of politics distasteful, and try to minimise the time I have to allocate to thinking about it.
Put more bluntly, politicians tend to be highly narcissistic and myopic individuals. But in my dealings with Morrison, he has struck me as genuinely different.

Unlike most of his peers, Morrison always under-promises and over-delivers, as he has done in the treasury and immigration portfolios.

He's consistently smashed his own budget forecasts for revenue and spending despite every man and their dog claiming his assumptions were wildly optimistic.

An interesting counter-factual is that we used to hear endless criticisms of Joe Hockey. And yet this harping has disappeared on Morrison's watch.

Morrison is also a real grinder, outworking most politicians I've come across. And, finally, he's seriously smart, but this intelligence is crucially leavened with a pragmatic overlay.

His innovative big bank tax, which for the first time priced the implicit government guarantee that artificially lowers the price of money for the major banks, was a terrific example of this practical creativity.

I remember one meeting where an incredibly complex set of financial structuring relationships was outlined to Morrison and his advisers.
The Treasurer instinctively started sketching a flow-chart as this was being explained, and it perfectly described the concepts diagrammatically. The experts on the other side of the table were left speechless by its lucidity.

In May 2018, I wrote that Morrison had delivered what should be "an election-winning budget", which has been turbo-charged by the decision to drop the corporate tax cuts.

I concluded that Morrison's "accomplishments and rising public faith in his ability to deliver on promises in an understated way create the foundations for the Treasurer to one day argue that he is prime ministerial material".

This day has arrived sooner than anyone anticipated.

https://www.afr.com/news/politics/elect ... 823-h14dwn

[cods]

Morrison need to tell TURNCOAT he aint going to BALI...

grow a pair scotty..... we dont want him representing aussies that he has turned his back on..

if he goes I will lose a clot of respect for scomo.