Blog Archives

Foreign Investment and the Coalition With the National Party

Foreign investment has been in the media a lot recently. Increased talk about foreign investment as part of the Australian political discourse has amped up over the last few years in particular with reports of particularly Chinese-based companies buying up farmland, chiefly across New South Wales. It’s prompted raised concerns from some in Australian politics. The interesting thing is that most of the questioning of foreign investment in Australia, again mostly in relation to farmland has come from the conservative side of politics. What is not so surprising  is that most of the scepticism around foreigners buying up and investing in our country from the right side of politics has come from the National Party, the party traditionally of the farmers.

But what is very interesting about this and different from previous times is the willingness of the National Party’s major coalition partner, the Liberal Party to indulge the National’s in the debate with a proposal to examine more deeply, at a lower threshold, more of the proposed investments of companies from outside of Australia.

There’s been much mixed messaging from the Coalition, from National Party Senator Barnaby Joyce openly questioning the appropriateness of too much foreign investment at any opportunity, to Tony Abbott in China appearing to talk down to China about their investing in Australia whilst overseas as a guest in their country. Then just in the last week or so we had Joe Hockey and Tony Abbott both talking down the prospects of a change in foreign investment rules and scrutiny by the Foreign Investment Review Board.

Then today, flanked by Joe Hockey and Leader of the Nationals, Warren Truss, Opposition Leader Tony Abbott announced a discussion paper which flags a lowering of the purchase price of agricultural land and businesses at which the Foreign Investment Review Board will examine purchases.

The paper proposes that the FIRB look at purchases of agricultural land valued at over $15 million dollars and purchases by foreign companies of agriculture businesses valued at $53 million. This is way down from the current threshold at which injections of funds of $214 million and over are examined by the review board.

The change in policy has copped criticism from both sides of politics, with the ALP jumping at the chance to have a dig at the party of the free market for wanting to lower the scrutiny threshold.

But there’s also been criticism from their own side of politics, with not just conflicting words in the lead-up to today’s decision from Liberal and National Party politicians, but also from former Coalition MP Peter Reith who launched an attack on Twitter today. Mr Reith in comments today on social media said that the move was “crazy, stupid politics.”

Reith also said that the decision “is just a quick fix to satisfy the Nats, but which will come back to bite the national interest”. Peter Reith, in saying this is not far from the truth, perhaps even spot on with his comments.

The Nationals, in an incoming Coalition Government, which now appears a certainty, would have much higher influence within the joint party-room than they do at present in the current parliament. So this announcement today can easily be seen as a move to placate the National Party ahead of the next election. Tony Abbott and the Opposition leadership undoubtedly realise there will be much more competition of ideas and much more competitive and vigorous debate from two contradictory standpoints within the Coalition caucus.

But what about the decision itself and what Tony Abbott says it will mean for the future of foreign investment in Australia?

Well, for his part Mr Abbott says he wants to “make it absolutely crystal clear that the Coalition unambiguously supports foreign investment in Australia.” Further, he says “we need it, we want it, it is essential for our continued national prosperity.” He also said, “what’s very important though is that the public have confidence that the foreign investment we need and want is in Australia’s national interest.”

Well, it seems pretty ambiguous the level of support there is on one side of the Coalition for further foreign investment in Australia. The Liberal Party are undoubtedly all for it, with the current level of examination likely deemed more than sufficient, perhaps too much for a number in the Liberal and National Party room. But the National Party, particularly given the words of its loudest member, Senator Barnaby Joyce, is certainly far from sure about people from overseas investing in Australia.

The Coalition for its part says that the move is all about increased “scrutiny” of foreign investment decisions as they relate to agricultural land. But this standpoint, is actually to be taken as read and believed, has unintended consequences at best.

If it’s just about a ramped up level of scrutiny in foreign investment and every investment decision that applies to this lower threshold is given the tick of approval, then there’s just unnecessary bureaucracy and red tape for inevitable decisions.

But more likely, with the same “national interest” test applying, albeit at a lower monetary level, then smaller purchase decisions, much smaller ones in fact, will be denied if the national interest test requirements are not met.

Could this and other recent decisions and thought bubbles or proposals of a similar protectionist nature be a sign of things to come?

This Next Election Who Are You Dissatisfied With the Least?

Politics at the federal level in this country is at a low ebb, no doubt about that. That’s not to say that Australian politics has been or ever will be as popular as MasterChef. But politics under this 43rd parliament and the first minority government since wartime. These woes for politics certainly have a lot to do with broken promises and relentless aggression.

The lack of desire for the leaders of both sides of politics, despite the clear election winning position of the Abbott-led Coalition means, in terms of the Prime Ministership means it will not be the usual “who do you trust”, with trust so clearly lacking in politicians, but “who do you trust the most”.

More interestingly, in terms of party leadership it looks more and more certain every day that the equation will be “who are you dissatisfied with the least?”

Now of course in Australia we don’t elect our Prime Minister directly, the political party that takes government does that for us and as such, it doesn’t particularly matter what the electorate think so much of a leader, they’re almost always from a very safe seat for their own party. But when it’s close in the vote that’s a clearly different story with the leadership position all the more important. Ordinarily it can be expected that the choice of and performance of leader does have an impact of some repute on which party voters choose at the ballot box.

At the next election, it’s basically certain, pretty much lock it in Eddie, that the Coalition will win with Tony Abbott becoming the next Prime Minister of Australia and the Liberal and National Party coalition seizing the government benches.

In terms of voter dissatisfaction with the leaders, Newspoll has seen the Prime Minister languishing at levels of unhappiness with her performance in the Labor leadership at around 60% or thereabouts for many months.

The news regarding this same measure for Tony Abbott, despite being very competitive, even ahead at times in the preferred Prime Minister stakes is not a whole lot better with dissatisfaction in his performance as leader of the Coalition at levels consistently in the mid to high 50s on percentage terms.

Consistent Nielsen poll results show very high levels (over 50%) of voter dissatisfaction with the performance of both leaders. The last four Nielsen poll results show Prime Minister Gillard not having moved from a level of dissatisfaction in her performance of 59-60%. Again, that’s more than half saying they are not happy with the way things have gone.

Again in the Nielsen poll results over the same period Tony Abbott enjoys (though that’s quite the oxymoron because the results are still extremely poor) a lower level of unhappiness with his performance than that which the Prime Minister has experienced. For those same four Nielsen polls, Mr Abbott has seen a dissatisfaction level which has moved between the low 50s to the mid-to-high 50s, that’s again over 50% who aren’t too pleased with his performance as leader of the Opposition.

We are likely to see these trends continue until the next election with voters not particularly liking either leader in terms of their performance. But after all, in our two party system we ultimately pick between two political parties and at the next election, the voter disdain at the performance of the Opposition Leader will not count for much when such a large swing is on the cards. All in all it will surely be a case of who do you despise the least.

Turnbull Appearance on Q&A Again Launches the Twitter Derp

There’s just something about Malcolm Turnbull going on Q&A, pretty much anything publicly other than talking on broadband and communications that results in the unleashing of unmitigated derp from both sides of the political spectrum. Combine this with a predictable recipe of asylum seekers and marriage equality, with a bit of a healthy and thoughtful discussion on the arts and at least some of the chaos and stupidity was held back.

You see, the situation is quite strange when it comes to Malcolm Turnbull being a part of the public debate on a broader range of issues than his present shadow portfolio.

Pretty much everyone on the moderate left at times profess some kind of what they say and act like is undying love for Mr Turnbull when he isn’t so much in the spotlight, or more rightly when he might well be saying something that they tend to agree with, like on climate change, after last night somewhat on the arts and also to a large extent on marriage equality.

There are even people on the left who shout “Malcolm for PM” but would surely recoil from that belief were there a Liberal Party government in power, even with Turnbull at its head.

And so it goes that there was all of that fake, ‘soft’ love from the left for Malc0lm Turnbull that would surely diminish again among this demographic were he to return as leader.

Some too may profess a love for Malcolm Turnbull now but forget they used to decry his substantial wealth, self-made no less, undoubtedly much of it to do with people in this country seeming to despise entrepreneurialism and success and yes that tall poppy bashing syndrome definitely rings true.

There are those however, somewhere around the centre that would and do accept Malcolm Turnbull as a sensible and at least relatively balanced choice for leader of a Liberal Party that more and more lacks the ideology in its name. Turnbull is one of the few you’d consider to be a liberal in the modern Liberal Party or at the very least, someone with strong liberal tendencies.

Then you get started on what the right of the party, though more often the more right wing supporters of the Liberal Party think of the man and that’s where things start to get just a little misguided.

Those on the right of him decry him for sticking up for markets, for advocating that for the most part, the market is by far the best response to a range of things, notably climate change, though the electoral reality with this is that the idea of a market response has lost after having prevailed just years ago.

Then comes the socially progressive stance of the former Liberal Party leader, particularly on marriage equality, which closely behind his climate change stance attracts the most ire from Liberal Party supporters. He wants a conscience vote on the matter, said so some time ago, a conscience vote being a long-term stance of the party on controversial matters.

Mr Turnbull also over the weekend backed calls for a compromise of a nationally backed civil unions scheme which will be seen by many on the right of the party again as too far even though it is just a compromise position, though some on both the left and right will not see it that way.

The Twitter response last night mirrored the public thoughts on Turnbull with some soft backing and the next minute complete disavowal of all Turnbull believes in from the left and the occasional outright condemnation, simply because he’s a member of the “evil” Liberal Party.

Of course then, at the same time from the right was the complete disavowal of all he’s ever said even though the vast majority, if not all, is fully aligned with what the Liberal Party is supposed to stand for.

The reality of the situation is that Malcolm Turnbull on social issues lies somewhere around the political centre without being radically progressive but still being open to social progress that can’t be delivered by markets.

On economic issues Turnbull is clearly of the right so that clearly makes Turnbull centre-right overall which should at least in reality give comfort to the knocker’s on his own side of the spectrum but it does not.

Stay tuned for much of the same before, during and after the next installment of Q&A featuring Malcolm Turnbull, complete with predictable leadership comments masquerading as questions and the “you have him, no you take him” fight between right and left which is sure to spawn more of the most lovely derpiest derp.

When Old Friends Collide and Don’t Let Sleeping Dogs Lie

Peter Costello and Michael Kroger, probably the two biggest names in the Liberal Party in Victoria are now two former friends who have managed to cause a temporary rift in the Liberal Party the day after Tony Abbott’s budget reply. The largely behind-the-scenes falling out, in a somewhat dramatic and at least fairly unexpected manner emerged this morning in a radio interview with one of the protagonists, Mr Kroger.

We know that Peter Costello never got along with John Howard in a personal sense, famously never sharing a meal together at the Prime Minister’s residence in the entire time that Mr Howard was Prime Minister. So stories between and involving them were never a surprise, with the occasional breakout in basically muffled hostilities that were rarely, until the later Howard years, aired in public.

But this story is different. This is about a man, whom Michael Kroger (and probably many in the general public) sees as full of ego, a man that holds a grudge and just bloody well needs to get over it for the good of the parliamentary party and to simply heal old wounds.

But above all else, this is about, as Kroger alleges, the constant sniping at the leadership of Tony Abbott by the former Treasurer and could’ve/would’ve been Prime Minister. The claims of seeking a return to parliament should really be taking a backseat.

Why should the claims of Mr Costello wanting to make a return to the parliament not be seen as the main game in this whole debate? Well, simply because they have not, regardless of the level of truth to the allegations, come to fruition. Costello has not announced his intention to return to the parliament and indeed denied it in a statement released today on his website. When something doesn’t come to fruition why treat allegations that it was going to as the focus of attention?

What is relevant are the potshots being taken at the current leader by the former Treasurer Peter Costello. In the long run that probably won’t change much and evidently hasn’t given the consistently strong poll standings for the Coalition led by Tony Abbott.

But like it or not, the events of today are at least a minor ruction which must not continue to develop.

Michael Kroger has to accept some of the blame for the temporary public ugliness that has escalated today. At the very least, until recent days the idea of Peter Costello being around in the public discourse, whether in parliament or allegedly talking about a return to Canberra was so slim as to be completely non-existent.

If the reported outcome of a return to parliament didn’t transpire and as it turns out, it hasn’t, then why the need to air the dirty laundry in such a loud and public way? It could be that it was thought that bringing the matter to the public would terminate the matter in a prompt way and cause Mr Costello untold embarrassment. Maybe the matter threatened to explode? We’ll never know.

Peter Costello must though indeed cease for the good of the party from any future attempt at undermining the position of a leader who has for a long time maintained an election-winning lead. Of less importance is a reconciliation between Costello and Howard and even Downer who has also attracted barbs from Mr Costello.

What we do know now is that two friends are no longer and Peter Costello has not signalled a return to the parliament and that’s where it should be left, but it probably won’t be and may play out for a few more days yet in the media, even though the issue appears to have been exhausted.

Question Time Ahead of Time

Today marks the last day of budget week from the hallowed halls (yes, a stretch at times I know) and is set to be another full-on day in Australian politics where the predictable has of late been met with just as much unpredictability. The budget is now out and the government in a flutter trying to sell it in order to gain back the key constituencies they have managed to shed like fur and the Coalition are trying to shoot holes in it. But the week hasn’t been all about the budget, the Craig Thomson and Peter Slipper issues continue to hang around like that guy you don’t really like but are too afraid to say “bugger off”. Oh and then there’s also the carbon tax and the Minerals Resource Rent Tax.

In the last hour and ten minutes (or thereabouts) of Question Time for the week the Coalition will likely focus on a combination of budget items, the carbon and/or mining tax and quite possibly the allegations surrounding Peter Slipper, though that is far from certain given that the Speaker issue has in a way been mollified with Mr Slipper standing aside.

It is also much the same case with the pursuit by the Liberal Party of Craig Thomson, the temporarily Independent, but still unashamedly Labor MP who is also facing allegations of wrongdoing after being under investigation for over 3 years. The matter was rather spectacularly and completely unexpectedly brought to a head during a motion to force the Member for Dobell to make a statement to the House of Representatives, giving him the ability to use parliamentary privilege to tell his side of the story.

The motion failed, but the Member for Dobell leapt up toward the end of the motion to inform the parliament that he would, in the next sitting week make a full statement to the House on the allegations against him that were investigated by Fair Work Australia. This will probably mean that the Coalition will at least hold back the dogs on the matter, but perhaps not call them off completely.

The Gillard Government will be continuing to try to sell the budget, both for its social spending and for its purported surplus, even though the latter claim is incredibly dubious, especially given the small number of the projected surplus, $1.5 billion dollars.

As always the tantrums and name-calling are set to continue, after all it wouldn’t be Question Time without them would it? The tolerance of the Deputy Speaker seems low and Standing Order 94a may well get a good workout.

As always, it starts at 2pm AEST tomorrow and you can catch it on television, the radio or your computer, but don’t expect to win too many friends if you choose to view it somewhere public.

More Bad Reading For Gillard Labor

It has become a regular event for some months to see consistently bad poll results for the federal ALP, lagging behind the Coalition, with the occasional uptick sparking hopes among Labor circles that it might lead to a long-term trend toward taking a poll lead on a two-party-preferred basis. For Labor of late that hasn’t been the case, with the polls hovering around the same low mark and even in recent weeks, getting even lower and this week’s Essential Poll fits in with that trend downward.

The primary vote for the Liberal and National Party in the latest Essential Poll remains unchanged from last week, with Coalition support sitting on 50%. By the same measure, the survey has the ALP primary vote on a grand total of 29%, well below the so-called “death zone” and two percentage points down on last week’s primary vote numbers of 31%

On a two-party-preferred basis, the Coalition has a commanding lead in the polls, sitting on 58% versus 42% for the ALP, a result in itself just above the primary vote “death zone”. The 2PP vote count for Labor is 1 down on last week’s count which had the two sides at 57% to 43% respectively.

In somewhat of a double-edged positive/negative, Essential asked respondents how they thought the Australian economy was travelling compared to other countries.

A total of 66% of those surveyed stated that the Australian economy was performing better when measured against those of other nations as opposed to just 15% who said that the economy is worse than those overseas.

This indicates that even though many think the economy is performing better, there are still worries for Australians when they think of the economic performance of the nation. This appears to correspond with a further question asked by Essential Media which shows that 46% of those asked think that the economy will get worse over the next 12 months as opposed to just 23% who think it will get better.

In the same questionnaire, Essential Media also asked which party respondents thought would best manage another Global Financial Crisis, with 42% saying that the Coalition would manage the economy better during another GFC and just 25% indicating that the ALP were capable of managing the economy better than the Opposition.

The Coalition have tended to be referred to by voters as better economic managers, but these results, combined with the continued historically low poll numbers, staying around the same dreadful mark will continue to cause great worry for the ALP.

Bounce, Bounce, Come On Bounce

The latest Newspoll continues to outline the grim and growing reality facing the Australian Labor Party, that barring a major fiasco tainting the Opposition, their hopes for winning the next election, due in 2013 are sinking further and further past the already toxic level it appears they have reached. The commentariat, including those that often are sympathetic toward an ALP Government seem to have roundly deserted praising and supporting the party in the press. This has been particularly the case since the events of the weekend when Craig Thomson and the Speaker of the House of Representatives, Peter Slipper, both facing allegations of wrongdoing, were encouraged to appear to ostracise themselves.

The primary vote for the Coalition in the latest Newspoll has hit over 50% of the votes on offer if the polls are to be believed to indicate and mirror electoral reality exactly, now sitting at 51%. The Labor primary vote in the Newspoll released overnight now sits on 27%, close to half that of the Abbott-led Coalition and well into the electoral “death zone”.

In two-party-preferred terms the results could barely get any worse for the Gillard Government, with the 2PP vote now being 59% for the Liberal and National Party Opposition compared to 41% for the government, a result in itself which barely sees the government outside the zone for electoral disaster on two-party terms.

Even in the measure where the Prime Minister could draw at least some form of optimism if not for the hopes of the party, but for her leadership as compared with that of Tony Abott for the Liberal Party provides less cause for optimism. In the preferred Prime Minister stakes, Prime Minister Gillard has dropped 3% to sit on 36%  as opposed to Opposition Leader Tony Abbott who now sits on 41%, a 5 percentage point lead.

Surely the ALP will be saying internally to the polls to “bounce, bounce, come on bounce”, particularly after the budget is delivered on May 8th and after the announcement yesterday that the NDIS, which is projected to help over 400,000 families will commence a year earlier at 4 “launch sites” across Autralia, initially helping 10,000 Australians, but with a “tough budget” supposed to occur, that will likely not turn into a political reality.

The Palmer Intervention

Today, to the amazement, but apparently to many on social media not shock, the billionaire mining magnate Clive Palmer announced at a press conference this morning that he would be seeking preselection for the seat currently held by the Gillard Government Treasurer, Wayne Swan. Many are treating it as gospel that Mr Palmer will be the one to take on Mr Swan in the Queensland electorate of Lilley, despite the fact that he has just self-nominated for the preselection race.

Those in the commentariat who have already conceded that any other LNP member who is standing, or will put themselves up for the party nomination would do well to remember a recent precedent that was set in recent history within the party.

Prior to the 2010 federal election the senior federal MP Peter Dutton, now Shadow Minister for Health and Ageing stood for preselection in the safe LNP electorate of McPherson after the retirement of Margaret May, doing so after his electorate of Dickson saw redistribution turn his seat won from Cheryl Kernot of the ALP, into a notional Labor division.

Despite his standing within the party, including his position and the support of the Liberal Party leader at the time and former Prime Minister John Howard as well as that of the retiring representative of McPherson, the senior Liberal lost the campaign to local businesswoman Karen Andrews.

Clive Palmer too, is considered a prominent LNP member and voice, albeit for different reasons to Mr Dutton. The mining billionaire Clive Palmer is the biggest single donor to the LNP, having given more then $3 million to the LNP. That sum has, rightly or wrongly led to complaints of Palmer “buying the party” and/or “buying influence” within the party.

Today, despite that supposed influence, the response from within the party at the federal level to the announcement has at best been lukewarm, with Liberal Party MPs probably cautious after the recent comments from Mr Palmer about the Greens and a supposed CIA link.

Like the McPherson example, the LNP in Lilley may well and probably should go for a grassroots, local candidate for the electorate, as opposed to a non-local. Yes, the margin is slim, sitting at only 3.18%, well within reach of a Liberal Party Opposition that seems all but poised to take government at the next election, whether it be in 2013 or sooner. It has been held by the Liberal Party before, as recently as 1996-1998.

The LNP, especially in an electoral division like Lilley, with a mix of middle and working class voters, would do best to have a candidate not just from the area but that whose background best fits the needs and aspirations of the voters in the electorate north of the Brisbane River.

But alas, again a warning. This is just an announcement of candidacy for preselection, it is far from a fait accompli that the colourful character Clive Palmer will be the candidate  for Lilley at the next federal ballot. Precedent stands in the way of a certain Palmer candidacy and there are still processes that need to be gone through before anyone can say, “I told you so” or  otherwise.

 

My Kind of Liberalism/Liberal Conservatism is Mixed with a Bit of Big Government

I would like to take the chance today to outline in a broad sense the kind of liberalism/liberal conservatism that I identify with personally and how that translates into my thoughts in different policy areas, be they economic or social.I fully expect to lose a number of followers in the hours after this post gets out as people discover that I am not quite as conservative as I thought I once was.

On economic policy I would consider myself to be strongly of the economic conservative faith, believing that, for the most part, government spending should be kept to a minimum. I also believe in trying to avoid deficit spending, a key facet of fiscal conservatism as well as lower taxes and deregulation of the economy.

In saying this, I do not believe that all government spending is evil and should be avoided, there are some areas where government should be spending, particularly in the area of providing public goods making me also by definition a fan of the theory of economic liberalism.

Although both of these theories argue for limited government intervention in economic decision making and regulation, I do believe it is a political reality that there is and needs to be some level of limited regulation in the economy that provides some kind of protection to the individual. In saying this I, do not believe that regulation needs to be drastically added to, on the contrary, I think in many areas that regulations can and should be eased.

On social issues I consider myself to be a bit of a mixed bag again, combining some social conservatism with social liberalism, though I think that the latter is the predominate issue in my thoughts on social policy.

I firmly believe as social conservatives do, that the family is one of the most important institutions that exist in society along with the courts and other bodies that have long been a foundation of western society and our beliefs.

Where I differ with social conservatives  and where my social liberalism comes in is a firm belief in basic human rights, including freedom of speech, that have for a long time been an important and essential consideration in policy and political discussion.

While I believe that the family is an essential institution, I do not believe, like many social conservatives seem to, that the family is under threat from gay marriage. It is a ridiculous claim in my view, to assert that the family would be impacted in a detrimental way if same sex marriage were to become law in Australia. The family will continue to exist after this inevitable change is made and in any case is more under threat from the incredibly high levels of divorce in many western nations.

There are also areas of social policy where I would also consider myself at times to be a fan of a big government approach. The biggest of those would be disability policy.

I am a firm supporter of the Gillard Government policy of a National Disability Insurance Scheme (NDIS) providing that it allows individuals to exercise their own free choice of which particular service or services they need to or choose to access which is best suited to their own individual needs and is not overly influenced by any healthcare practitioner or government regulation.

I also believe that the government needs to step in to strictly regulate areas which impede equality of access for people with a disability that destroy the ability of those of us with a physical or intellectual impairment from participating fully in the day to day activities that any “able bod” is fully able to enjoy at any given time.

For me this means strict accessibility provisions imposed upon both government and private institutions to, wherever possible provide all reasonable access for people of different physical abilities in everyday life. This means widespread accessible transport, buildings and housing.

I therefore think, as I have stated before, that principles of ‘universal design’ ought to be mandated by government, to provide the 1 in 5 Australian’s with a disability and the rapidly ageing population ready access to new dwellings built to these strict construction guidelines.

Furthermore, guidelines for accessibility to buildings need to be much stricter than they are at present and both local and state governments need to stoke up the courage to deal with this important area.

On transport, I believe that all transport  provided by local or state government should be accessible for people whether they are in a wheelchair, on crutches or have a slight physical impairment. No particular group in the community should have to organise for a particular form of transport to be made available to them because they happen to have been born with a condition impacting their ability to move around freely.

On transport infrastructure, where possible, I believe that all possible efforts should be made to transform all possible facilities related to public transport into disability friendly ones. I concede that there is a possibility that, because of the surrounds of some particular transport infrastructure, that because of topography, accessibility may be an almost complete hindrance to accessibility.

Also on social policy, I believe in some form of freedom of movement and therefore am against the fear that conservatives seem to have toward asylum seekers. This by no means indicates that I think people movements should be completely unfettered, they should not. We do need as a nation to discourage, wherever possible the unsafe journeys that people fleeing persecution continue to make.

So let the accusations of me being a “leftie” begin to fly as they inevitably will after this becomes public knowledge, I’m prepared for it. But the simple fact is that I am in wide, almost complete agreement and most of my thoughts completely consistent with the principles which underpin liberal philosophy and that of the Liberal Party which also embraces conservative political ideas. So bring it on.

Where to Next for the Member for Griffith?

Kevin Rudd has now resigned as Foreign Minister to become again the Member for Griffith but the story is far from a conclusion and his resignation speech left more questions than answers. Basically his speech left open two possibilities, a challenge from the back bench in the near future or his complete resignation from the parliament.

In his speech from Washington the outgoing Foreign Minister said that he would be consulting his family upon his return to Brisbane sometime on Friday. This statement leaves open the possibility that he may quit the parliament, forcing a by-election. As I said in a post earlier today, this could see Griffith go to the Liberal Party in a by election, making political life all the more tenuous for Labor, like it was just a few short months ago.

In that very same sentence in the speech from Kevin Rudd, he also indicated that he would consult his parliamentary colleagues in the coming days as to his future as well. This could mean one of two things: one that he is seeking to mount a challenge or challenges from the back bench where he will be even more free to cause discontent within the party or, as I just outlined, these consultations may lead to him deciding to quit the parliament. If he did decide to quit parliament, this would be extraordinary from someone whom many see as having an insurmountable amount of ego.

There was one final element of the speech pointing to a possible challenge, when Mr Rudd spoke about the party needing to decide who was best placed to defeat Tony Abbott at the next election. Tellingly, the person best placed to defeat Tony Abbott at the next election, according to polls for a long time, is one K Rudd.

The only sure thing is that this saga will continue until at least Monday or Tuesday, with Friday, Saturday and Sunday turning out to be must watch days in Australian politics. However, my money is on the fun not being over yet and I wouldn’t mind betting a Keating style tilt at the leadership being a possibility now. Only time will tell.