Comments on: The $20b CPRS amendments with no budget impact http://www.crikey.com.au/2009/10/21/the-20b-cprs-amendments-with-no-budget-impact/ now with extra source Sun, 12 Feb 2012 00:58:05 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Tom McLoughlin http://www.crikey.com.au/2009/10/21/the-20b-cprs-amendments-with-no-budget-impact/#comment-42256 Tom McLoughlin Wed, 21 Oct 2009 08:17:23 +0000 http://www.crikey.com.au/2009/10/21/the-20b-cprs-amendments-with-no-budget-impact/#comment-42256 I think we can assume that the Govt from the heights of their polling will stone wall the Coalition on level of specificity in the CPRS via undefined regulations. Once passed they can judge the vagaries of 'events dear boy, events' and turn up or down the carbon price as they prefer, as well as renewable energy investment. A bit like altering the mixture in a carburetor flow of oxygen and fuel. The ALP can do the legislation by negotiation or DD either way it's going to be a brute political transaction given those polls, and the sustainability of same. How sustainable are the high polls? Well if the economy continues an upswing then the Opposition can shout as loud as they like it's a tax, farmers will be rooned (aka cows won't fart anymore), the lights will go out, the illegals whirlwind will swamp us, but the audience won't really be listening, unless there is pain to make it credible. And given the commodity driven cushion for years to roll, there isn't that kind of pain around. This in turn will put more pressure on Turnbull to try another high risk tactic, and he doesn't have any strikes left. I think we can assume that the Govt from the heights of their polling will stone wall the Coalition on level of specificity in the CPRS via undefined regulations. Once passed they can judge the vagaries of ‘events dear boy, events’ and turn up or down the carbon price as they prefer, as well as renewable energy investment. A bit like altering the mixture in a carburetor flow of oxygen and fuel.

The ALP can do the legislation by negotiation or DD either way it’s going to be a brute political transaction given those polls, and the sustainability of same.

How sustainable are the high polls? Well if the economy continues an upswing then the Opposition can shout as loud as they like it’s a tax, farmers will be rooned (aka cows won’t fart anymore), the lights will go out, the illegals whirlwind will swamp us, but the audience won’t really be listening, unless there is pain to make it credible.

And given the commodity driven cushion for years to roll, there isn’t that kind of pain around. This in turn will put more pressure on Turnbull to try another high risk tactic, and he doesn’t have any strikes left.

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