SG, I might be young and unwise, but memory is sharp.
I seam to remember the 2001 election being about immigration and post 9/11, whereas the GST issue happened a few years before that and was followed by several tax cuts and commencement of the first homeowners grant - a great way for howard to prop up the economy, however the ongoing effects are a massive house bubble in Australia.
Back to ESG, I just find it very interesting how she will clean up the RSPT mess. Clearly she aint going to delay because the market wants certainty right now! So she has to negotiate and produce a result, right now!
What result is going to make the miners happy and not run adds against her in a very soon to be called election when the opposition is offering a no tax policy.
I just think the 'result' is going to be a hard one to produce.
I thought most of her support base she could swing would be on ETS/carbon pricing anyway. That is a far bigger stimulant for ESG I think.
Oh well. More time in the penalty box for holders until this crap is sorted out. SF
ESG Price at posting:
81.5¢ Sentiment: Buy Disclosure: Held
