Mr Morrison’s golden rule

It’s not exactly good news as in things will only get better from here on in, but it is pleasing to see the Treasurer finally figuring out what has to be done to make things work. The headline says it all: Morrison to cut company taxes; income taxes to wait years. I wonder how hard he had to fight our good news Prime Minister to get this policy up.

Salary earners will have to wait some years for an income tax cut after Treasurer Scott Morrison confirmed on Thursday that company tax cuts will be his priority in the federal budget.

After indicating on Tuesday that the government had ditched plans for the income tax cuts it has been pledging for several months, Mr Morrison told Parliament the best way to fund income tax cuts was through economic growth. And the best way to drive economic growth was by reducing the 30 per cent company tax rate.

“We understand the burdens faced by people who are paying higher and higher rates of income tax. We understand that and we understand the best way to deal with that … [is to] grow the economy so you can grow revenues to support those changes,” he said.

“That’s the way you do it and that’s what this government is seeking to do. We’ll focus our changes on things that will drive investment, as we’ve considered many tax measures over the course of the past six months.”

Mr Morrison said the “golden rule” was to choose tax changes that would drive jobs and growth. “These are the benchmarks we set against the tax measures of this government,” he said.

This has always been the political answer to the years of Labor waste and mismanagement. If the country really wants all that free stuff, they will have to pay for it. And if the Budget is used to underscore the lesson of first the effort and then reward, we will be all the better for it. Let Labor become the party of the magic pudding and free lunch. Let the Libs finally turn themselves back into the party that reminds everyone there is no such thing.

Commentators are insulated from the ramifications of failure

The Ruling Class Is King George III which has as its sub-head, “The 2016 cycle has seen an utter collapse of the established order of things”, wherein we find this very pertinent remark:

Politics is a business often insulated from the ramifications of failure. Like an ESPN commentator who is always wrong, the commentariat and the consultant class are not penalized for making mistakes with the frequency of people who pick stocks or games in Vegas. But the mistakes made this cycle are going to resonate because they reveal how distant the ruling class was from the people – that they might as well be separated by an ocean.

If you are someone who lives in and among the elite, ask yourself if you know anyone legitimately supporting the two leading candidates for the Republican nomination – people who think Donald Trump is a good leader, or that Ted Cruz is a good man. If the answer is no, re-examine whether the knowledge you bring to this race is accurate, or skewed by the bubble that surrounds you, which kept suggesting all the way to the end that Jeb Bush, Scott Walker, or Marco Rubio could happen. Because they are not going to happen.

Of course, if you know me, you know someone who supports Trump. And I, as it happens, know one other who supports Trump. But we are very hard to find among the highly educated, I can tell you that. A Trump majority would occur in almost no media organisation in the world and on virtually no university campus, even restricting the ballot to those who teach. So if not us, then who is it, and why are we so cut off from what others think?

The ability to persuade is the most important part of the politician’s trade

I never know until the election whether I am in Melbourne Ports or Goldstein since I live on the cusp and, like the German border with Poland, it keeps moving back and forth. But what I do know is that one of the advantages Labor has over the Coalition is that the selection stream for getting to the top largely travels through the union movement. And among the many things that are learned by being a union official is how to address a crowd. There is always in every workplace someone who is a natural born agitator, but only some of these have political sense and even after that, only some of these have an ability to speak persuasively in public. It is these who rise to the top of the ALP. The policy packages they offer may be maximally damaging to the country, but they certainly can sell. Think Bob Hawke as the archetype.

On the Coalition side, there are few places for a candidate to hone their thoughts or learn the ability to speak in the face of opposition before they make it into Parliament. There are fewer opportunities to be tested in a real showdown, with ideological knives out and values on the line. It has always been a disadvantage to the right side of politics, and not just in Australia, that it does not develop the kinds of speakers that are so common on the left. Which is all preamble to the post by Andrew Bolt the other day on The Liberals need warriors, not worriers, where he begins his post with words I understand only too well:

The Liberals lack MPs who not only understand Liberal values but have the guts and skill to argue for them publicly. It needs MPs who can hold their own against the ABC and the largely Leftist media, and rally the public to their cause. How many MPs do you know like that?

The final three seeking the Liberal nomination in Goldstein are down to three.

The weekend preselection for Andrew Robb’s electorate of Goldstein is set to go down to the wire, with international relations expert and local favourite Denis Dragovic running neck-and-neck with high-profile former human rights commissioner Tim Wilson. Liberal insiders tip the preferences of a third candidate, party blue-blood and lawyer Georgina Downer, as crucial in the race.

You should read the post to see who stands for what and who might be ready for the ideological confrontations that will take place over issues that are not even on the horizon. Here I will only emphasise that among the high-level pre-requisites ought to be an ability to take up these various issues in a way that will get the message across. Tim Wilson and Georgina Downer are proven in this very tough field. To quote Andrew again:

The Liberals need public champions. It’s no good being a lion in the preselection room but a mouse in the ABC studio. And that is why I’m so puzzled. I mean no disrespect to Dragovic, but in all my years of public debate I have never come across his name before. He is unknown to me as a champion of Liberal values. And when I now go through his few articles in the media – almost exclusively on Islam, terrorism and the Middle East – I can understand why he has made so little impression.

Making an impression in the wider world by being a tough in-fighter in the hand-to-hand battles of Parliament and the media are what is needed. Without that, you are a mere foot soldier Parliamentary spectator, where others must take up the battles on your behalf. We will see by Monday who my neighbours here in the blue-ribbon Liberal seat of Goldstein have chosen.

Maybe they need smarter negotiators

Let me juxtapose. First:

WORLD ORDER AT RISK?
Dems sound alarm against Trump…
Dangerous and unprecedented threat…
Obama increasingly involved in campaign…
Privately Tells Donors to Unite Behind Hillary…
Kremlin Condemns Video for ‘Demonizing’ Russia…
How to cope with anxiety caused by campaign…
ROGER STONE: HOW GOP ELITE PLAN TO ROB TRUMP…
Secret meet…
KURTZ: WHY CAN’T MEDIA STOP HIM?
DONALD DOWN UNDER…
MAG: Phenomenon could go global…
SOROS ACTIVISTS PLOT ‘LARGEST PROTESTS OF CENTURY’…
Illegal Immigration Activists Plan Rallies…
GOOGLE Maps May Be Helping Illegals Avoid Border Control…
Checkpoints mapped out…

And then there is this:

USA trade deficit highest in seven years…

Where it says:

The deficit for the entire year rose to $484.1 billion, up 24.3 percent from a 2014 imbalance of $389.5 billion.

Not that it matters, of course, but you never know when some politician might try to exploit this kind of number.

V for Victory

trump v for victory
churchill v for victory

 

 

 

 

 

 

I was going to give Donald a day off but came across this article from The Daily Telegraph on Drudge of all places, under the heading Trump Down Under. The same zombie Murdoch press that has brought us Malcolm as PM is using its resources to oppose Trump for President. I actually noticed the moment in the press conference yesterday when Trump held his two fingers up which was actually a gesture of no significance. But it did occur to me that if you were the sort of media organisation that liked to run anti-Trump stories, and of course if you were either in England or Australia since the gesture has no negative meaning in North America, then there it was. But then again, there it was when Churchill was doing the same during the war.

No, not an effects test

Who needed more proof that Malcolm is to the left of the Greens without the slightest evidence he has idea how an economy works or ought to work? Here is something that I spent a good deal of time fighting off when I was working for business, and this was on behalf of the Chamber of Commerce where 90% of it members were small business. This is from Andrew Bolt.

Malcolm Turnbull yesterday triggered a rift with the nation’s peak business group by announcing the introduction of an “effects test” to competition law, allowing small operators to sue larger companies for behaviour that diminishes competition, even if their conduct was not intended to have that effect.

How is that for utter stupidity! You have a supposedly pro-business provision that is universally opposed by business who, you may be sure, know what is good and bad for themselves. I’m sure some small business know-nothing somewhere can be trotted out to say that having a larger competitor charging lower prices is harming their profitability, and no doubt it is. But if we are going to make it illegal to charge a lower price than someone else, the ACCC will never run out of work, as the forces of competition are dulled by one of the most stupid anti-market pieces of legislation you are ever likely to see. Seriously, what evidence is there that Malcolm understands a single thing of importance to Australia’s future? You should go to Andrew’s post to see the comments by Terry McCrann and Stephen Bartholomeusz.

What happens when the smartest man who has ever lived becomes president

The first of the Trump anti-Hillary ads and it’s on foreign policy where a very large part of the battle for the presidency will be fought. After the last seven years and by then it will be eight, it will undoubtedly be time for a change, and Obama’s former Secretary of State, the woman who oversaw the disaster in Libya and much else, will definitely not bring that change.

It’s hard to imagine how bad Obama’s foreign policy has been. Here in this article by Niall Ferguson we get some of it but hardly even here the full horror of its incompetence and arrogant stupidity. It’s from The Atlantic and titled, Barack Obama’s Revolution in Foreign Policy. The first para sets the scene:

It is a criticism I have heard from more than one person who has worked with President Obama: that he regards himself as the smartest person in the room—any room. Jeffrey Goldberg’s fascinating article reveals that this is a considerable understatement. The president seems to think he is the smartest person in the world, perhaps ever.

And after traipsing through Obama’s deep thoughts on foreign policy, this is where we end.

If you think you are smarter than every foreign-policy expert in the room, any room, then it is tempting to make up your own grand strategy. That is what Obama has done, to an extent that even his critics underestimate. There is no “Obama doctrine”; rather, we see here a full-blown revolution in American foreign policy. And this revolution can be summed up as follows: The foes shall become friends, and the friends foes. . . .

If the arc of history is in fact bending toward Islamic extremism, sectarian conflict, networks of terrorism, and regional nuclear-arms races, then the 44th president will turn out to have been rather less smart than the foreign-policy establishment he so loftily disdains.

A lot of people will die as these forces work themselves out. Some new balance will eventually be established, but the likelihood that it will be anything like what the rest of us would like is very unlikely indeed.

It could be worse, it could be a lot worse

Trump took a big step towards the nomination today in winning Florida and other states. This is by Victor Davis Hanson, Time to Calm Down about Trump. It’s more than that. It is time that the Republican Party took him in and gave him their kindness and attention. The sub-head makes the point:

Trump is crude and politically clueless, but no more so than the Clintons, Sanders — or Obama

I will merely add that working for the Chamber of Commerce I met many like him. They knew everything, and when you have a billion dollars and a boat that’s bigger than my house, it’s not hard to think that way. But I also always knew how wary they were of me. My job was to make their vague capitalist notions fit into a wider economic and social narrative. Few of those at the top of a business conglomerate would have been able to carry on a conversation at Treasury or with the Fair Work Commission. That is what I did. And we were the most free market, anti-Keynesian operation in the whole of employer politics.

Trump is at the top of the league as a business strategist, and has a number of ideas that are sound and others which are not. But his core message works for me. He would have been the perfect Chairman of my Economics Committee. He won’t be a perfect president, but he will be better than any of the others who have sought the nomination on either side. Here is some sound advice from VDH:

I agree that it is disturbing that Trump does not grasp the nature of the nuclear triad, but so far he has not, as has Vice President Biden, claimed that a President FDR went on television in 1929 or, as has President Obama, that the Falklands are better known as the Maldives. His Trump vodka and steaks and eponymous schlock are a window into his narcissistic soul and his lack of concern with integrity; but I’ll say more about the size of his ego when he says he can cool the planet and lower the seas, and that he is the one we’ve all been waiting for — accompanied by Latin mottos and faux-Greek columns. Trump has no team to speak of. Is that because the ego-driven Trump fancies himself a genius in the manner of “I think I’m a better speechwriter than my speechwriters. I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.” . . .

Trump is hardly, by current standards, beyond the pale, much less that he is aberrant in U.S. presidential-campaign history. He is or is not as uncouth as Barack Obama, who has mocked the disabled, the wealthy, typical white people, the religious, and the purported clingers, and has compared opponents to Iranian theocrats and said that George W. Bush was “unpatriotic” — all as relish to wrecking America’s health-care system, doubling the national debt, setting race relations back six decades, politicizing federal bureaucracies, ignoring federal law, and leaving the Middle East in shambles and our enemies on the ascendant.

For those who point to Hillary Clinton as a more sober and judicious alternative, they might ask themselves whether the Trump financial shenanigans are on par with the quid pro quo Clinton Foundation scams, or whether the Trump companies are a bigger mess than Hillary’s resets. True, a historical precedent could be set in the current campaign, but that would be if Hillary Clinton was the first presidential candidate indicted before the election, given that all her serial explanations about illegally using a private server to send and receive various classified information have only led to updated and further misleading backtracking, and will continue to do so until she is either charged or, for political reasons, exonerated.

In politics, like war, you go with the army you have.