Wednesday, August 04, 2004

Pessimism Overstated

I guess I shouldn't be too quick to change my view.

On further reflection the FTA will go ahead, it's just that now it's not going to happen until after the election. Until the election it will be used as a stick to whack the other side with. The sides are in their corners now and neither is going to blink.

Thought: Howard can defer the election until next year. From Howard's perspective would it be worth holding off the election until after Jan 1 2005, when the deal is due to come into force? Then he could truly bash Labor with it. For him this would have the added bonus of making Howard Australia's second longest serving Prime Minister (passing Bob Hawke in December).

You heard it here first. (NB: The problem with this theory is that interest rates are likely to rise)

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