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It still doesn't change the fact that in the middle of a 'budget emergency' the RBA received $8.8 billion it didn't need, or ask for. Here's the full quote, from SMH ?The current government has decided to move quickly to the desired level of capital to make sure the bank's balance sheet is...

It's politics, yes. But it's not good economic management.

No it wasn't. The RBA reserves were lower in 2010/11, and no injection was required then. The RBA requested that no dividend be taken from it at the moment. Hockey chose instead to inject $8.8 billion, and take dividends in the future. Put money in now, increase the deficit, blame Labor...

They've stopped the boats, as promised. Tick. The repeal of a couple of taxes is hardly a major achievement. Legislation is added and repealed every sitting day. I can't imagine John Howard saying, 'we had a good year because we repealed some legislation.' They haven't reduced spending or...

Agree. If they think he can save their jobs, they will find a way to support him. Not sure about that. Hockey gave $9 billion to the RBA that the RBA didn't want or need, for purely political purposes. Abbott has his hobby horses, like the $245m school chaplains plan. Abbott has cut things...

http://www.theage.com.au/comment/budget-wont-slow-government-spending-20140517-zreek.html Government spending is going up, not down. And this was BEFORE all the backdowns on spending cuts (Universities, Medicare etc) Not to mention the $8.8 BILLION Hockey gave to the Reserve Bank. Money...

Because he'll lead them to a massive defeat??

I think the 'knightmare' might be the straw that broke the camel's back. It wouldn't matter if it was his first gaffe in his 15 odd months as PM, but it isn't. Opinion polls suggest Abbott is on the nose with voters, and Liberal would lose an election if it was held this weekend. Backbenchers...