Monday, November 05, 2007

Breaking the Bankers

First it was, Stanley O'Neil, head of Merrill Lynch and today it's Charles Prince, head of the world's largest bank - the CitiGroup. Both have resigned due the billions of dollars lost to lending money to people who can't afford to pay it back, plunging the US housing market into crisis.

This could not have come at a better time for John Howard, and is possibly his rabbit out of the hat. If (and more likely when) the interest rate rise happens this week, no doubt Howard will argue that the world economy is on the impending doom track, and who best to drive this train out of the tunnel of darkness but the Liberal party. He'll quote the USA mortgage crisis and possibly the resignation of these CEOs and more than likely he'll use the W word - no, not "Wabbit", but "World Recession". Wanker.

And another thing....
The polling is a bit all over the place recently. Interestingly, the last 3 Galaxy polls are consistent in their prediction on a Maxine McKew victory in Bennelong. But the latest Newspoll suggest that the Coalition is winning the ground on key marginals.

No one seems to be talking about the mobile phone factor. Polls are conducted via telephoning on land lines. Now the Lib's took a leaf out of the Republican book by trying to knock people off the electoral roll (some 140,000 voters have been knocked off because AEC workers visited their addresses and they no longer lived there) and by passing new laws closing the rolls early. The early rolls backfired somewhat with the campaign by radio station Triple J and by campaign group GetUp! to enroll young voters. Ten percent more young people are on the roll compared to last time.

So, I am hoping, that as young voters are more likely to vote for Kevin07, and not have a landline, the polls are slightly skewed to the Coalition - giving Labor and even bigger lead!!!!

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