Tuesday, May 21, 2019

Good!  Liberals take back Wentworth from far-Left Lesbian Kerryn Phelps.

She had campaigned on a climate change platform and vowed to stop the Adani coal mine as well as other new coal projects. Seat is now back in the conservative column, where it had been for decades. 

There were accusations during the campaign that both Phelps and Sharma were Jewish.  In fact Phelps is of British ancestry and Sharma has Indian ancestry.  The bigots seem to have missed that the PM’s principal adviser was Yaron Finkelstein, a most unambiguous name

Scott Morrison and the Coalition have claimed a majority victory in the Federal Election, winning at least 76 seats after Dave Sharma re-claimed Wentworth for the Liberals.

Independent Dr Kerryn Phelps is expected to concede defeat in the eastern Sydney seat on Monday afternoon. Dr Phelps became the member for Wentworth in October after winning a by-election triggered by the resignation of Malcolm Turnbull.

The Liberals will win in Bass in Tasmania, according to the ABC's election analyst Antony Green, and claimed Wentworth in Sydney back from Dr Kerryn Phelps on Monday morning.

The two results would give them the required 76 seats to command a majority.

The government could also win in Chisholm in Victoria, but that is currently too close to call.


North Queensland MP Bob Katter reveals how anti-coal extremists of the Left blew their chances in six must-win Queensland seats

Losing the whole of Queensland North of Brisbane was an amazing loss.  And there was no doubt why:  Leftist opposition to new coal mines.  Had they won those seats they would be in government now

Bob Katter has launched a blistering attack against Deputy Opposition Leader Tanya Plibersek, claiming her comments cost Labor the 'unloseable' election.

The maverick MP said the potential future leader of the Labor party was out of touch with Queensland voters, and that her stance against coal mines alienated constituents in the regions.

'Tanya Plibersek ran amok,' the MP for the seat of Kennedy in north Queensland told Sky News.

'She was out there denigrating the coal industry and saying it will phase out. To say that on the eve of an election in which there are six marginal seats in north Queensland in the coal belt is absolutely disastrous.'

The seats in question include Home Affairs Minister Peter Dutton's northern Brisbane seat of Dickson and the Townsville-based seat of Herbert.

George Christensen is expected to return to his marginal seat of Dawson while the Coalition also managed to retain the seats of Flynn, Capricornia and Leichhardt.

'The ALP were certain on the polls to take all six seats, but she and a bunch of loud mouthed extremists that have an immense amount of power in the Labor movement... they blew it to smithereens,' Mr Katter said. 

Ms Plibersek has been vocal in her opposition to the Adani coal mine in Queensland.

She previously said Australians 'can't rely on an Indian mining company to bring jobs to central and north Queensland'.

She also said she was sceptical Adani would bring as many jobs to the region as it had promised, and believed backers may have underestimated the impact it could have on the environment.

Labor was accused of alienating their core electorate with policies that were too progressive and divisive on climate change and negative gearing.

Older Australians in particular appeared to turn on Labor over the controversial plan to scrap franking credits for self-funded retirees.

Labor's climate change policy and stance on Adani was at odds with many voters who wanted the new coal mine, which has promised to provide hundreds of jobs in regions struggling against drought and high levels of unemployment.

Liberal Senator Arthur Sinodinos said the result could be partially explained by those opposing the Adani project being seen as anti-jobs.

'Adani became about jobs. It became emblematic of 'we want jobs' and the Bob Brown caravan which went up there to talk about stopping Adani had locals thinking, 'hang on, you are not going to tell us how to live',' he said.

Tax cuts and ministry changes will be Mr Morrison's agenda as the nation awaits the final results of the federal election.

Prime Minister Scott Morrison looks likely to win 77 seats, allowing him to appoint a Speaker and govern in majority.

Out of three close seats listed on the Australian Electoral Commission website on Monday, the Liberals were on track to win Chisholm in Victoria and Bass in Tasmania, with Labor holding the NSW seat of Macquarie.

If the current count trends continue, this will give the Liberals 77 seats in the 151-seat House of Representatives, with Labor on 68 and six crossbenchers.


New-look Senate to benefit Morrison government

As counting continues after Saturday’s election, it appears the Liberal-National coalition will need the backing of five out of six conservative crossbenchers to get its legislation through parliament.

The coalition’s Senate numbers could rise from 31 to 34 out of 76 seats.

Three familiar faces look likely to re-join the Senate after being knocked out by the dual citizenship debacle that plagued the previous parliament.

Labor’s Katy Gallagher, One Nation’s Malcolm Roberts in Queensland and Jacqui Lambie in Tasmania are set to be returned to the red chamber.

Ten sitting senators are on the way out, including Lisa Singh and Gavin Marshall (Labor), Ian Macdonald, Jim Molan, Lucy Gichuhi (Liberals), Steve Martin (Nationals), Peter Georgiou (One Nation), Derryn Hinch (Justice Party), Fraser Anning (Conservative Nationals) and Duncan Spender (Liberal Democrats).

Centre Alliance’s Skye Kakoschke-Moore, who left parliament in the dual — citizenship scandal, also failed to win back her seat in South Australia. The Greens appear to have won a Senate seat in every state, keeping the minor party’s numbers at nine.

The current non-Greens crossbench is expected to be cut from 10 to six. Labor won a net 13 seats.

Tens of millions of dollars Clive Palmer spent advertising his United Australia Party don’t seem to have paid off, failing to translate into winning any seats. In Tasmania, the Liberals and Labor look set to hold two seats each and Greens incumbent Nick McKim to return.

The coalition is likely to retain three seats in both NSW and Victoria and Labor another two, with the Greens probably taking the final seat in each state. It’s a similar story in South Australia, where the major parties will take two seats each and the Greens’ Sarah Hanson-Young will hold on, with the final seat probably also going to the Liberals.

And in the two territories, ACT and NT, the status quo will prevail with Labor and the Liberals taking one seat each.


Local share market surges after Scott Morrison election win

Investors have to know a good influence from a bad one

The Coalition’s surprise election win has given local stocks a healthy shot in the arm, sending the Australian share market surging to a fresh 11-year high.

Bill Shorten and his proposed changes to negative gearing, capital gains tax and franking credits had been perceived on the market as detrimental.

Many had assumed the Labor Party would win and had taken a defensive position anticipating the effects of sweeping policy reforms, CMC Markets chief market strategist Michael McCarthy said.

“Whether or not it’s true, generally investors believe that the economy will serve better under a conservative government,” he told news.com.au.

“But the most important factor is that muted changes to franking credits will not come through.

“The banks are one of the key sources of frank dividends, as opposed to unfranked, and they were under real pressure as we led into the election.

“Now that those changes are off the table, investors are piling back into the highly franked dividends that the banks offer.”

Scott Morrison’s pitch to leave property and taxing policy alone sent banking stocks soaring on Monday morning, with the four major lenders all jumping more than 5 per cent.

In the first 15 minutes of trading, ANZ was up 6.15 per cent at $27.44, Commonwealth Bank was up 5.45 per cent to $76.80, NAB was up 6.77 per cent to $25.54, and Westpac was up 7.99 per cent to $27.44.

Mr McCarthy said the re-election of the Coalition is a real change from what the market was preparing for, which will provide steady confidence for investors for period to come.

“It was conventional wisdom that Labor would form government and so a lot of the policies that had been announced were somewhat priced,” he said.

“Investors weren’t putting the full weight of those potential policy changes into the market because there were always concerns that the senate would prove a difficult beast to negotiate.

“But there was certainly some defensive positioning ahead of the election so this could lead to a rerating.”

The Coalition’s plans to leave trailing commissions for mortgage brokers in place, despite the royal commission’s final report pushing for it to be scrapped, was a boost for those institutions.

Mortgage Choice surged more than 16 per cent.


 Posted by John J. Ray (M.A.; Ph.D.).    For a daily critique of Leftist activities,  see DISSECTING LEFTISM.  To keep up with attacks on free speech see Tongue Tied. Also, don't forget your daily roundup  of pro-environment but anti-Greenie  news and commentary at GREENIE WATCH .  Email me  here

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