muso wrote on Apr 30
th, 2012 at 9:05am:
We need an early election because the current situation is untenable. The current government stance is anti-business, and we need to restore confidence to the economy, although the dollar needs to drop another 10 cents against the greenback to make any impact domestically.
Environmental issues are important, but right now, we need to restore some stability, and I think the Libs have the ability to do that. If they can sort out their leadership issues, then that will also help. The Libs will find it difficult to dismantle the renewable energy legislation, which they themselves brought in. There are too many industry interests at stake here, even with carbon trading.
The Australian market is crawling right now and it shouldn't be. The Dow is over 13,000 again, and the All Ords are stuck at 4400. It should be over 5000. We had all the right conditions for a rapid recovery, but that isn't happening. Now I tend to agree with PN that the long term outlook is grim, but if we don't restore confidence soon, we'll miss the last boat.
I don't think we need an early election, in fact I believe phony tony would stuff the economy beyond repair,and Hockey does not seem capable enough to run the economy,while Abbott is not smart enough.
What I do think is that Gillard's leadership is terminal, she should stand down to save some face. In my opinion,Smith,Crean and Carr would all be much more credible PMs than Abbott, they should have the opportunity to prove that before the government is tossed out.