Game on. Turnbull quits Ministry, call for Leadership spill
via Horatio Leafblower:
The voters elected a party and the party elects its leader.
The fact is that Tony Abbott as leader tried to implement the things he promised he wouldn't do; and he didn't implement the things he promised he would.
His style was that of a very effective opposition leader, but he never made the transition to Prime Minister, as a leader of the nation.
Abbott didn't make the grade in the opinion of a great many Australians, and the Liberal party (to their credit) has replaced him with a man than a great many more Australians feel respect or affection for.
As some commentators have noted, it was Abbott, Rudd and Gillard that made Australian politics the brutal blood-bath of the post-Howard years.
I don't believe this is a wonderful clean new beginning but I have more hope for the standard of national debate today than I had at this time on Friday last week.
The voters elected a party and the party elects its leader.
The fact is that Tony Abbott as leader tried to implement the things he promised he wouldn't do; and he didn't implement the things he promised he would.
His style was that of a very effective opposition leader, but he never made the transition to Prime Minister, as a leader of the nation.
Abbott didn't make the grade in the opinion of a great many Australians, and the Liberal party (to their credit) has replaced him with a man than a great many more Australians feel respect or affection for.
As some commentators have noted, it was Abbott, Rudd and Gillard that made Australian politics the brutal blood-bath of the post-Howard years.
I don't believe this is a wonderful clean new beginning but I have more hope for the standard of national debate today than I had at this time on Friday last week.
"The voters elected a party and the party elects its leader." Technically correct, though in the minds of most voters they elected the Abbott Government. Or before that the Rudd or Gilard Governments.
Suggest a goggle search of the term "Abbott government" etc, to see how people generally see the governments they elect.
Its a fair call from we the voters to say we did NOT elect the turnbull government.
"I have more hope for the standard of national debate today than I had at this time on Friday last week."
Well the rats have been flushed out and are in charge now so I expect the leaks and undermining will stop..
The trouble for the rats is they got no-where to hide now..
.
Hmmm... reads like something lifted from an ABC web site. Can Horatio Leafblower give us the link please..
Lifted? No.
Heavily influenced? No doubt!
This individual is now our Prime Minister...
"OPPOSITION Leader Malcolm Turnbull looks set to emerge from his long court case over HIH Insurance with his former employer, the Goldman Sachs merchant bank, making a confidential settlement on his behalf.
The NSW Supreme Court yesterday granted the plaintiff and eight parties being sued, including Goldman Sachs and Mr Turnbull, an extension of time until May 7 to finalise the settlement.
HIH liquidator Tony McGrath filed an action in 2004 against nine defendants -- one of which was later dropped -- seeking to recoup $300 million that HIH spent on buying FAI Insurance in late 1998, plus interest and costs.
HIH collapsed in March 2001 with a deficiency of about $5.3billion, and the FAI purchase ended up costing HIH an estimated $560 million, according to the HIH Royal Commission.
Mr Turnbull, a former investment banker who was chairman of Goldman Sachs Australia in 1998, is named in the suit along with his then deputy, Russel Pillemer, as were senior FAI executives Rodney Adler, Daniel Wilkie and Tim Mainprize.
HIH bought FAI sight unseen in 1999, and it later emerged that FAI's accounts had been improved by measures including the use of financial reinsurance policies in such a way that a looming $50 million loss for the year to June 1998 was converted into an $8.6 million pre-tax profit.
The HIH Royal Commission concluded that the reinsurance policies should have been recorded as loans.
This would have left the $50million loss visible."
Cookies must be enabled. | The Australian
.
"OPPOSITION Leader Malcolm Turnbull looks set to emerge from his long court case over HIH Insurance with his former employer, the Goldman Sachs merchant bank, making a confidential settlement on his behalf.
The NSW Supreme Court yesterday granted the plaintiff and eight parties being sued, including Goldman Sachs and Mr Turnbull, an extension of time until May 7 to finalise the settlement.
HIH liquidator Tony McGrath filed an action in 2004 against nine defendants -- one of which was later dropped -- seeking to recoup $300 million that HIH spent on buying FAI Insurance in late 1998, plus interest and costs.
HIH collapsed in March 2001 with a deficiency of about $5.3billion, and the FAI purchase ended up costing HIH an estimated $560 million, according to the HIH Royal Commission.
Mr Turnbull, a former investment banker who was chairman of Goldman Sachs Australia in 1998, is named in the suit along with his then deputy, Russel Pillemer, as were senior FAI executives Rodney Adler, Daniel Wilkie and Tim Mainprize.
HIH bought FAI sight unseen in 1999, and it later emerged that FAI's accounts had been improved by measures including the use of financial reinsurance policies in such a way that a looming $50 million loss for the year to June 1998 was converted into an $8.6 million pre-tax profit.
The HIH Royal Commission concluded that the reinsurance policies should have been recorded as loans.
This would have left the $50million loss visible."
Cookies must be enabled. | The Australian
.
Last edited by Flying Binghi; 15th Sep 2015 at 07:23.
Join Date: Jul 2015
Location: San Fransisco
Posts: 34
Likes: 0
Received 0 Likes
on
0 Posts
Yeah, sorry Keg, you are correct. Tony Abbott is a very smart guy who was an economic genius. "Stop the boats, Axe the Tax, We are not the Labor Party", that's about the extent of his vision for this country.
A true Statesman, made you proud to wave your Aussie flag. An intellectual giant in fact.
A true Statesman, made you proud to wave your Aussie flag. An intellectual giant in fact.
Join Date: Jan 2012
Location: Brisbane.
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
His belief in climate change was forced upon him. Unlike his belief in a benevolent old friend in the clouds that he talks to on Sundays. That sort of hocus pocus has no place in modern politics.
Good riddance to the Mad Monk.
Good riddance to the Mad Monk.
via Nigel747:
...His belief in climate change was forced upon him...
...His belief in climate change was forced upon him...
.
Join Date: Sep 2003
Location: Back too the hot bits again
Posts: 78
Likes: 0
Received 0 Likes
on
0 Posts
On the bright side at least he can keep Bronwyn company.
his prediction on Mon that he would win the leadership is up there with MH 370 would be found within a week
his prediction on Mon that he would win the leadership is up there with MH 370 would be found within a week
This is the first time a sitting PM has been destroyed through hatred of the government owned media outlet - ABC. Normally a politician (let alone a PM) is brought down through lies and/or gross incompetence. Not so in this case. Tony Abbott was not afforded a seconds grace by the press gallery, the most egregious example (I believe) was when Bill Shorten (accused rapist and stand over man, not wall puncher) waxed lyrical about 'that drowned girl' when the body was in fact a very young boy. Not a question raised, not a comment or statement from any journalist. If Abbott had made such a 'gaffe' it would have been front page/twitter gold. Further, not a mention that but for someone who staked their reputation on preventing same (despite the ABC and Press Gallery loudly proclaiming it impossible) our military would still be pulling bloating toddlers from the ocean in their hundreds. The human cost of Rudd/Gillard was incalculable, the economic cost unbearable, but like watching a good crew in a sim completing a complex task the ease of just that one duty belied the difficulty. Tony Abbott was brought down by doing nothing wrong.
Join Date: Jul 2010
Location: earth
Posts: 99
Likes: 0
Received 0 Likes
on
0 Posts
Abbott was an idiot. He eventually did one too many stupid things to be allowed to continue.
His support of Bronnie was way too far for most of his colleagues and for many the final straw. It was a disaster for the govt. she should have been told to resign or sacked day 1. what she did was egregious and very close to fraudulent and they all knew it. The griping about his support by Liberal senior to junior, esp senior, was epic and in the end brutal. It was over then, he was a dead man walking.
add that to Knighthoods, then knighting Phil the Greek. Medicare, Maternity Leave blah blah blah.
Previous PMs, Howard, Hawke, Keating, Fraser etc had some idea. Tone didn't give the impression he had even the faintest idea. either in policy or dealing with his party room.
The ABC had little to do with his demise V Jet, he was incompetent and damaging to his own party. any and all really damaging stuff was coming internally from his own side to help get rid of him.
His support of Bronnie was way too far for most of his colleagues and for many the final straw. It was a disaster for the govt. she should have been told to resign or sacked day 1. what she did was egregious and very close to fraudulent and they all knew it. The griping about his support by Liberal senior to junior, esp senior, was epic and in the end brutal. It was over then, he was a dead man walking.
add that to Knighthoods, then knighting Phil the Greek. Medicare, Maternity Leave blah blah blah.
Previous PMs, Howard, Hawke, Keating, Fraser etc had some idea. Tone didn't give the impression he had even the faintest idea. either in policy or dealing with his party room.
The ABC had little to do with his demise V Jet, he was incompetent and damaging to his own party. any and all really damaging stuff was coming internally from his own side to help get rid of him.
A Rhodes Scholar who encouraged Bishop to resign? I can't argue with someone who probably thinks Q and A is balanced. One example: Tony Abbott has been (and still is) pilloried for years by the ABC for being misogynist, the infamous wall punching student making headlines. Bill Shorten has been named as a rapist who regularly used illegal drugs without any hint of defamation being suggested from his camp. One girl's life (and she was VERY young and it's hinted there's more) is seriously disturbed but not a single mention in the ABC/Fairfax led Press Gallery? The same people who were all over Rolf Harris? The bias is absolutely extraordinary.
Last edited by V-Jet; 15th Sep 2015 at 14:22.
Abbott's last line to the Australia as PM was
"may God bless this great Commonwealth. Thank you."
A sentiment not at one with those who do not believe in either his or any god, nor acceptable to those who want to Australia to be a republic.
Mickjoebill
"may God bless this great Commonwealth. Thank you."
A sentiment not at one with those who do not believe in either his or any god, nor acceptable to those who want to Australia to be a republic.
Mickjoebill
Modern communications gives almost everyone a vote with ease, we don't need elected representatives as each one of us can represent ourselves.
We don't need our representatives to sit face to face in a parliament, this idea was invented in the days of horse and cart.
Lets be informed and debate the new rail link, the new port, military vs education budgets etc and then vote ourselves.
The notion that policy is either left or right is quaint.
Mickjoebill
We don't need our representatives to sit face to face in a parliament, this idea was invented in the days of horse and cart.
Lets be informed and debate the new rail link, the new port, military vs education budgets etc and then vote ourselves.
The notion that policy is either left or right is quaint.
Mickjoebill
