Malcolm Turnbull fails to deliver on promise to offer economic leadership
February 8, 2016 12:00am
Andrew Bolt: Herald Sun

LIBERAL MPs are losing confidence in Malcolm Turnbull, and no wonder.He has broken the big promise he made five months ago.

Malcolm Turnbull and Scott Morrison during Question Time in Parliament.
“Prime Minister (Tony Abbott) has not been capable in providing the economic leadership our nation needs,” he thundered when he knifed Abbott last September.
“We need a style of leadership that explains those challenges … and sets out the course of action we believe we should take and makes a case for it. We need advocacy, not slogans.”
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But in the seven months since, Turnbull has failed to deliver.
Where is his “economic leadership”?
His “advocacy
Is Turnbull going to raise the GST to 15 per cent or not?
Is he going to cut more spending?
Raise taxes overall?
Reform workplace laws?

No one knows.
Until last week, it seemed Turnbull would indeed raise the GST and use some of that extra money to cut taxes, as Treasurer Scott Morrison repeatedly hinted.
But on Friday, he seemed to get cold feet, publicly wondering whether raising the GST “justifies the trouble and expense”.
It’s odd that he ever thought it was, and not just because many Liberal MPs fear they’d lose their seats to a Labor scare campaign.
Other Liberals accuse him of dodging the real challenge — to cut bloated government spending.Remarkably, both Labor’s greatest treasurer, Paul Keating, and the Liberals’ greatest treasurer, Peter Costello, each warned against lazily increasing the GST to give the Government another $33 billion to blow.
Keating noted the world now paid much less for our exports and we “cannot pretend we can go on spending as though nothing has happened”.
“Trim our spending and not accommodate more of it by ever more taxation.”
Costello said the same: the Government was deep in debt and spending must be cut: “There will always be the suspicion that tax changes have more to do with grabbing money than improving incentive and efficiency.”

Yet Turnbull has floundered about for five months and has now led the Liberals into a trap.
He must either go ahead with a GST rise, and risk getting smashed, or retreat and look clueless.
Worse, a retreat would embarrass and anger the ambitious Morrison, who has led the charge on raising the GST — and helped make Turnbull PM.
Meanwhile, our debt keeps climbing — but which party dares tell you it will slash spending.
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Opinion and Commentary : Brendan Power

Comment by Brendan Power





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