The Australian reports the second Newspoll since the election has produced an even weaker result for the Coalition than the first four weeks ago, with Labor’s two-party lead out from 56-44 to 57-43. Labor’s primary vote is steady at 37%, with the Coalition down two to 31% – their equal worst result in Newspoll history, matching the third poll under the Rudd government in February-March 2008 – with the Greens up one to 13%, One Nation up one to 7% (their strongest result in three years) and the United Australia Party steady on 2%.
Anthony Albanese is steady on 61% approval and up three on disapproval to 29%, while Peter Dutton is down two on approval to 35% and up two on disapproval to 43%. Albanese’s lead as preferred prime minister has widened from 59-25 to 61-22. The poll was conducted Wednesday to Saturday from a sample of 1505.
The crossbench should have representation on this committee. Shoebridge is right.
Late Riser,
The economics commentators who have spoken objectively this afternoon, even Chris Richardson, have stated that Australians are sitting on a wealth of savings and those adversely affected will mainly be those who took on large loans at the top of the market and at historic low interest rates, thinking they would last through to 2024, as the Governor of the Reserve Bank told them.
WeWantPaul says:
Tuesday, September 6, 2022 at 3:23 pm
Anyone, if your work will only allow you to run 32 bit excel, what is the best way to speed up power query?
It’s just like SQL make sure you have the indexes to do the data look ups you want to do.
https://www.howtoexcel.org/power-query-tips-and-tricks/
Rex Douglas @ #601 Tuesday, September 6th, 2022 – 5:12 pm
So he doesn’t even know what the outcome will be but he’s put out a derogatory Tweet anyway and you’ve reproduced it here, unquestioningly.
Figures.
Dr Doolittle
I think you’re fundamentally misunderstanding Thorpe.
She doesn’t ‘do’ reasonable discussions. She doesn’t WANT to negotiate.
You could tick every box she asked you to tick and she’d just add more boxes.
If she was capable of being reasoned with, Bandt would have a lot easier time of it. As it is, he’s accepted (by and large) that it’s her way or the highway, and that she’ll walk out of the Greens at the first sign that they’re not doing what she wants them to do.
Dr D
Bandt keeps saying that the Greens support the Statement.
They don’t.
The first element in the Statement is the Voice.
The Greens have announced that that is ‘…a complete waste of money.’
The two statements do not compute.
As for Labor wedging the Greens on the Voice… a sick joke. It is the Greens who have wedged themselves using multiple positions.
The Greens don’t need Labor to rescue themselves from their mess.
They can fix their problems by doing what they say they are doing- supporting the Statement.
Can you believe this guy!?!
LIGHTS ON BUT NOBODY’S HOME
“There’s talk in our country of rationing or of lights going out like we’ve seen in Germany … That’s essentially a picture to the future of what is going to happen here.”
Guardian Australia
Opposition Leader Peter Dutton makes a ludicrous suggestion about energy. No one is talking about rationing, though shortfalls are expected, mostly due to the former Coalition government’s slow uptake on renewables.
(The Monthly)
Morrison level arrogance from Labor.
zoomster @ #605 Tuesday, September 6th, 2022 – 5:16 pm
Exactly. The only thing that would finally tick all her boxes is when Australia was handed back to the ‘Sovereign’ inhabitants, Indigenous Australians.
The Greens cannot be trusted on national security matters. Shoebridge is compromised on this. When elected he announced that his intention was to make trouble. Apart from that the Greens want to gut the ADF.
Rex Douglas @ #608 Tuesday, September 6th, 2022 – 5:18 pm
You don’t do facts, do you, Rex Douglas? Simply simplistic, misleading polemic from your favoured mouthpieces.
“WeWantPaul says:
Tuesday, September 6, 2022 at 3:23 pm
Anyone, if your work will only allow you to run 32 bit excel, what is the best way to speed up power query?
It’s just like SQL make sure you have the indexes to do the data look ups you want to do.
https://www.howtoexcel.org/power-query-tips-and-tricks/”
Thank you.
C@tmomma says:
Tuesday, September 6, 2022 at 5:12 pm
Late Riser,
The economics commentators who have spoken objectively this afternoon, even Chris Richardson, have stated that Australians are sitting on a wealth of savings and those adversely affected will mainly be those who took on large loans at the top of the market and at historic low interest rates, thinking they would last through to 2024, as the Governor of the Reserve Bank told them
________________________
And who are those likely to be affected? Those who used their savings to get into the housing market, this is nasty situation between the aspirationals being squeezed and the rest sitting on their savings nest egg.
Maybe an adult from the Teals? Wilkie would be a good choice.
Caveat emptor.
C@tmomma @ #602 Tuesday, September 6th, 2022 – 5:12 pm
Yeah. I heard similar. Thanks. And it’s good. But I’d be interested in knowing how many people “took on large loans at the top of the market and at historic low interest rates”, and who don’t have savings built up. I haven’t read anyone explicitly considering the issue. You’ve got to know the potential exists so you can go looking for the data that you need to to evaluate it.
As each day passes I get more and more concerned with this fed Labor Govt and it’s Morrison-like marketing that falls short on outcomes.
Lambie knows more about national security than Shoebridge. She is also commited to national security.
Dr Fumbles Mcstupid @ #613 Tuesday, September 6th, 2022 – 5:21 pm
Who encouraged and facilitated it? The Morrison government.
Rex Douglas @ #617 Tuesday, September 6th, 2022 – 5:27 pm
So what. It’s exactly what I expected from you, Rex Douglas.
People make good and bad investments all the time.
Socializing the risks of on-market house purchases is just another form of middle class welfare.
Cat at 4.42 pm
Socrates pointed out 6 weeks or so ago that the government could regulate Qantas, e.g. by setting minimum conditions for employing its staff. There would certainly be some head of power in the Constitution suitable for this. Qantas obviously can’t go offshore.
Late Riser says:
Tuesday, September 6, 2022 at 5:05 pm
Our family lived through the GFC in the USA, one effect of which was houses repossessed and sold with people ending up still owing money on loans even after they no longer had a house. It was quite a problem for a while. (And cash was king.) I believe Australia largely escaped the full effect of the GFC, so perhaps Australians aren’t as sensitised to this potential problem. But it has me wondering about the dual effect of raising interest rates while house prices fall. House prices in capital cities are down 3.8 percent for the year while interest rates have risen 2.25% since May.
“At some point a growing number of people won’t be able to service their loans and those houses will need to be sold to pay the outstanding loan, driving down prices further. I have no idea how ugly it could get, but should we be concerned?”
———————————————————————————————
My inexpert opinion is that given that generally speaking folk are still spending and savings buffers are in reasonable shape is that the majority of mortgage holders will be ok as long as mortgage interest rates don’t grow much above about 6%. Of similar concern for some I think is that zombie companies are soon going to be exposed and a typical cyclical collapse will occur.
Those who are caught in the pincer of both these elements will be in real trouble but proportionally I suspect that number is not large. I notice mortgage default rates are currently very low at 0.8% which is encouraging. It should also be remembered that house prices have risen ridiculously over the past two years so a correction is neither surprising nor more broadly a bad thing except for the minority (as always).
BW:
Oh, some absolutely cannot afford it, no doubt about that. There are others in that income percentile who can justify the expense, especially if it’s something that only happens two or three times a decade. I’m one of them.
My point isn’t that all poor people can afford plane tickets, it’s that not all people who fly are wealthy. Some people spend years saving for the privilege.
Asha
This gets me back to my original point: not subsiding people to emit CO2.
Dr Doolittle @ #622 Tuesday, September 6th, 2022 – 5:31 pm
In the post Neo Liberal economic era it would be a risky move for a government to completely take on an airline, especially as I would imagine that a private company, such as Virgin, would seize the opportunity to aggressively undercut the government to take away market share. Which they could afford to do. The government, having to be a model employer, would likely see travelers go to the cheaper option.
I think the best option is for the government to do as Senator Sheldon and Minister Bourke have outlined, and implement Multi Employer Bargaining, so as to facilitate the sort of wages and conditions that will keep the workforce getting a fair day’s pay for a fair day’s work, without having to take on the day to day running of a business.
I feel for those struggling with mortgages at the moment, but – frankly – the housing bubble has been on the verge of bursting for years now. If you buy anything when the market is at an all-time high, you have to accept the risk that it will fall again. You can’t just assume interest rates will stay the same forever. The economy doesn’t work like that.
Thr Crossbench is threatening to sink multi- employer bargaining..
Boerwar @ #628 Tuesday, September 6th, 2022 – 5:48 pm
Showing their true colours.
Jonathan Pie on Boris Johnson.
https://youtu.be/FDAg8mhUrKY
David Rowe
Re housing bubbles, what happened in the US was at scale. Tent cities appeared or grew, with the unsurprising issues such as sanitation, schooling, vigilantism. Memories bias perception. Perhaps it won’t be an issue in Australia.
Thanks c@t for Jonathan Pie. I’ll leave watching it for after, to better enjoy it. (Cooking dinner)
Warren Buffett always advised never investing in airlines. The government shouldn’t be getting into airports either.
When will federal parliament select an inteligents cvomity chair strange all the other parliament comities are in place dutons off to a bad start
Q: As each day passes I get more and more concerned with this fed Labor Govt and it’s Morrison-like marketing that falls short on outcomes.
They have been in for just over 3 months…..the enormous challenges of this country will take many, many years to fix and get real outcomes. This type of childish, short term politicking is what makes long-term planning so hard.
The 06/09
Solomon Islands Prime Minister Manasseh Sogavare has launched an extraordinary attack against Australia, blasting the Albanese government’s offer to help pay for the nation’s elections as “an assault on our parliamentary democracy”.
_____________________
So much for the reset.
Rex, I can only admire the mental gymnastics that makes possible the Vic Labor government free of any fault but the Federal Labor government ‘Morrison like’.
nath @ #639 Tuesday, September 6th, 2022 – 6:08 pm
That’s an unfair attack which you should withdraw given I’ve been the biggest critic here of Tim Pallas’ obsession with PPP’s and his terrible EV tax.
Rex Douglas says:
That’s an unfair attack which you should withdraw given I’ve been the biggest critic here of Tim Pallas’ obsession with PPP’s and his terrible EV tax.
__________
Well I haven’t seen that tbh, but you cannot say you are not the most enthusiastic promoter of the Andrews Government on here.
nath @ #641 Tuesday, September 6th, 2022 – 6:22 pm
Sorry for calling it as I see it.
You blame any shortcomings on ‘ministers’. As if Andrews is secreted, Monarch like, from the decisions of his Cabinet.
You have even failed to show any curiosity over serious allegations about Andrews and Crown Casino.
Albo, from the same faction as Dan, is not accorded the same C@t like fealty.
I have also missed Rex’s ferocious ongoing attacks on Tim Pallas.
Rex Douglas says:
Tuesday, September 6, 2022 at 5:27 pm
As each day passes I get more and more concerned with this fed Labor Govt and it’s Morrison-like marketing that falls short on outcomes.
中华人民共和国
Rex, if you are reading, Taylormade seems to have gotten ahold of your profile and seems to be posting his usuals.
‘Sussan Ley
@sussanley
·
7m
It won’t be easy under Kermit the Froganese ‘
Well, there we go.
The killer line has been found!
nath @ #642 Tuesday, September 6th, 2022 – 6:27 pm
Please don’t display your ignorance about my position so openly, nath. It doesn’t help your rep.
I disagreed openly here with a position of the government just last week wrt Child Care. Obviously you missed it. Or are ignoring it for the sake of your lame argument.
And I’ll disagree with any position Labor takes if I feel like it in the future, what’s more.
zoomster @ #645 Tuesday, September 6th, 2022 – 6:31 pm
Because adult Opposition. 😐
test.
nath @ #643 Tuesday, September 6th, 2022 – 6:27 pm
Our Govt’s aren’t dictatorships.
I’ll blame ministers for poor outcomes re their portfolio’s.
I’ll also blame the PM/Premier for the dumb things they say eg. Albo saying he won’t leave people behind when the Govt has abandoned those starving and destitute left on jobseeker to sleep in their cars.
LOL Taylormade