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Thursday, October 07, 2004

Costello in Opposition Leadership Bid

The treasury has announced that the ALP tax policy will cost $500 million less than the ALP estimated. Costello said there was a $700m black hole. Now let me see if I can add this up (abacus whirring). Econoguru Prince Charles was only out by $1.2 billion! So not only do all major economists think Howard is having a tug over interest rates, his own treasurer has buggered up policy costings. Surely Costello can't be this incompetent? He is the best treasurer we have ever had isn't he? Methinks this is part of a last minute bid to lose the election to get the lib leadership, saddle the ALP with an economic crapout in the next term, and ride into power in 2007.

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