Shareswatch Australia

Australian stock market investing, ASX charts, analysis & market forecasts.

Shareswatch Australia header image 2

Farewell Rudd, Gillard takes power and the palace coup.

June 27th, 2010 · Greg Atkinson · 25 Comments

Amazingly Kevin Rudd is no longer the Prime Minister of Australia and lost his position without a single vote being cast. Does this mean the days of the Government borrowing and wasting money are over or is Julia Gillard going to be an even bigger spender than Rudd? What a week, and worst of all Wayne Swan is representing Australia at the G-20 meeting in Toronto in Canada!

So swift was the removal of Rudd that the website of the G-20 Toronto Summit still has him listed as attending as of today. Not even the internet it seems can keep up with the swift and ruthless actions of the ALP party machine and union bosses.

As readers of this blog will know, I was not a fan of Kev07 and was critical of his leadership style and spin back when most people in Australia and majority of those in the media thought he was the political chosen one.

But despite my numerous rants against Rudd and the Government I never suggested he should be sacked or removed outside of the election process. What I expect to happen in a healthy democracy is that the voters of the nation will be given the opportunity to elect a new government and Prime Minster at the time of the next federal election.

What we have just witnessed in Australia is the removal of the elected Prime Minister by a small group of ALP factional bosses and union leaders because they feared they may lose power if Rudd lost the election.

So Rudd was removed to protect the power and influence of a small group faceless people behind the scenes. If the Australian public are not outraged by this then they need to have their brains checked. Rudd may have seen a dramatic fall in his personal approval but who gave these people the right to decide when a Prime Minister should be removed?

By the way, the changes in the Opposition Leadership cannot be compared to the removal of an elected Prime Minister. The people of Australia don’t elect Opposition Leaders and the Opposition Party doesn’t govern the nation. Anyone who compares the changes in Opposition Leaders with the removal of Rudd is a twit. End of story.

Gillard has political blood on her hands just as much as as the other conspirators who worked behind the scene to remove Rudd. She could have remained loyal and decided not to challenge Rudd. If she had done this then the palace coup would not have taken place. But she decided, as did Brutus, to pursue power and self interest over loyalty.

Let’s be honest, Gillard saw the chance to be Australia’s first female Prime Minister and was prepared to step on Rudd’s political corpse to get the top job. She will of course try to hide that fact over the next weeks and months by telling us she acted because of her concern over the way the country was heading. But she was part of the team on the bridge guiding the good ship SS Australia so what she says make little sense.

During Rudd’s reign she was intimately involved with formulating all major Government policies and for her to say now that the Government had lost it’s way means she also lost her way. Or wasn’t she part of the cabinet over the last few years.

Gillard has staunchly defended Government policies and ridiculed the Opposition for challenging them. So the question is this: was Gillard lying when she defended the actions of the Government or is she lying now about the Government having lost it’s way? I don’t recall her talking about the Government being adrift even just three months ago, so when did she has this sudden change of heart?

I suspect this happened when she saw the poll numbers and realized Rudd could be removed from the top job.

But sorry I forgot, she was the Deputy Prime Minister with portfolios covering education and industrial relations but nothing that happened over the last few years seems to even be remotely related to her. It was all Rudd’s fault!

Gillard is more likely to be a spender than a fiscal conservative so she is less likely to balance the budget than Rudd was. So watch you wallets and expect some more money being tossed at a variety of grand sounding government programs. (like the Building Education Revolution for example)

But don’t expect most of the media to be asking any tough questions. Already people like David Koch are talking about what an impressive start Gillard has made as Prime Minister. Excuse me for asking, but what exactly has she done so far apart from holding a press conference to try and explain why she toppled her leader?

Then of course we are getting bombarded with the first female Prime Minister new stories which means nothing to me. I don’t really care if the Prime Minister fell from Mars and has three heads, as long as he/she/it was elected and is doing a good job. If anyone votes for someone just because they are male/female or an alien then we should be able to shred their vote.

All of us should be outraged by what has happened. At the very least we should see it as a sign that the Government is weak and driven by poll numbers. This means that they will never take a position that is unpopular but in the interest of Australia’s long term future. This should scare people.

The Resources Super Profits Tax (RSPT) was bad policy and should have been thought through more, but if Rudd wanted to make a stand on this then the voters would have decided the issue at the next election, as Tony Abbott had clearly stated that the Opposition would scrap the RSPT if elected.

Remember the same union leaders who worked to removed Rudd publicly said that they supported the RSPT. But now that they have removed Rudd, Gillard is talking about making compromises regarding this tax.

So which is it, is the RSPT a good idea as suggested by union leaders like Paul Howes or not? If not, or if it needed major changes, why didn’t they speak up about this earlier? Why didn’t Gillard suggest changes to the policy before it was announced? After all she was involved in it’s development.

So the union leaders put the knife in Rudd’s back for standing up for the RSPT which is a policy they also strongly support..well at least they said so. But who knows with these guys? Basically what they stand for is themselves and their power base, that’s about it.

Amazingly Gillard, who was largely responsible for the Building Education Revolution (BER) mess seems to have managed to doge any responsibility for this wasteful vote buying exercise. It seems her Teflon coating might be better than Rudd’s.

But the BER does explain why many of the union bosses like her. Again this should make people wary because Gillard owes them something. She might pretend she is above factional party politics but this is what has put her into the top job and can also remove her from that job if she gets out of line.

This latest political saga also highlights just how pathetic the mainstream media generally are. Back during the Australia 2020 Summit they showered praise on Rudd and barely questioned anything he did. But when they sense blood in the water they went in for the kill, but have barely laid a glove on Swan, Gillard and Tanner. Once again, it’s was all Rudd fault again which is Gillard line and the media are toeing the line.

The Rudd Government did lose it’s way but we can’t put the blame all down to Kevin Rudd. If Rudd failed so did Swan, Gillard and Tanner but is seems the only one amongst them with any honour is Lindsay Tanner who has effectively fallen on his political sword.

Then we have the other non-performers in the Government like Roxon, Conroy and Garrett to mention just a few, but I guess they will be happy for Rudd to take all the blame even for their own mistakes and blunders.

Finally I am tired of reading stories about how tough politics is or how rough it has been for Rudd. Soldiering in Afghanistan is tough, being a politician or press gallery reporter isn’t. At the end of the day Rudd still has a job and an overly generous pension and range of perks for the rest of his life. Most of us don’t enjoy the same taxpayers funded parachute when we hit tough times.

So farewell Rudd, it’s be interesting. Just remember not to yell at flight attendants now, we mortals can be arrested for such things!

25 responses so far ↓

  • 1 Futureproof // Jun 28, 2010 at 1:32 pm

    So Kevin07 what was that famous quip of yours to Sol Trujillo..adios amigo!!! What goes around comes around..ha ha!!

  • 2 Greg Atkinson // Jun 29, 2010 at 10:02 am

    I wonder if Rudd will write a book and give his side of the story? Can he really keep his cool while so many ALP personalities are throwing verbal grenades at him?

  • 3 Ned S // Jun 29, 2010 at 1:37 pm

    He can call the book “Et tu, Jasper ac Abby?” perhaps? πŸ™‚

  • 4 Tom Mangan // Jul 1, 2010 at 4:46 pm

    The more we hear about “getting back on track” and nothing actually changing except the occupants of the deck chairs, the more we know it was all about the polls. What a disgrace! Nevertheless, let’s not get lost in fantasies about how the people elected Rudd. They may have thought they did, just like they think the G-G is our head of state, but in both matters they’re, well, wrong. The people only get to elect their local member, about whom they usually know and care nothing. They cast their vote on the basis of family trad or advertising campaigns of the sort that used to persuade them to smoke this brand rather than that brand. The elected members then obey their party organisation’s diktat and choose a leader, who presents her/himself to the G-G who agrees – or not – to appoint that person as the Queen’s PM. That’s the system we chose to stick with in the republic referendum. The PM is dead – long live the Queen. Australia, you’re living in it!

  • 5 Senator13 // Jul 4, 2010 at 5:10 pm

    Pretty rich of all these Rudd ministers coming out now saying that they never supported all of these policies of Rudd.

    They sat silent for two years while these policies wrecked Australia and put us into debt and now all of a sudden they are against them.

    They are all exactly the same people in exactly the same positions. Nothing has changed. They are still all talk and will do or say anything to get reelected. Even if it means killing off their own leaders.

    Just look at NSW – now it is happening on a nation wide level.

  • 6 Ned S // Jul 4, 2010 at 5:48 pm

    As I just posted elsewhere re human beings tending to be a bit flexible re their morals and loyalties Senator:

    Witness the yarn about the Lone Ranger and Tonto being surrounded by Indians with the paleface saying “We can make it though my red brother” – To which Tonto replied “Whatcha mean ‘we’ white man?” With Ms Gillard having given Mr Rudd a very recent object lesson re same! πŸ™‚

  • 7 Anon // Jul 4, 2010 at 8:54 pm

    Julias on twitter πŸ˜‰

    Now we have to the minute action of her daily movements lol.

    “I’ve decided it’s time to take the Twitter plunge! Hopefully I’ll master it. JG.”

  • 8 Ned S // Jul 5, 2010 at 5:32 am

    Thanks for that Anon – Jeez, as if a bloke doesn’t get enough junk mail in his letter box! πŸ™‚

  • 9 Greg Atkinson // Jul 5, 2010 at 10:01 am

    Senator unfortunately people have short memories as Peter Garrett once sang about when he had a real day job with Midnight Oil.

    In just a few weeks people seem to have erased from their memories how the gang of four called all the shots. Now it was all Rudd’s fault, and his alone.

    Maybe we are hooked up to the Matrix after all πŸ™‚

  • 10 Ned S // Jul 17, 2010 at 3:26 pm

    It’s a rouge’s gallery isn’t it? Gillard and Rudd and Laurie Oakes centre stage. With Blanche and Bob and Paul chipping in their comedy routine as a sideshow. Other countries don’t intentionally embarrass themselves in public like this do they?

  • 11 Senator13 // Jul 18, 2010 at 3:57 pm

    Hopefully we will be able to say farewell Gillard in a few weeks time.

  • 12 Greg Atkinson // Jul 19, 2010 at 8:20 am

    Ned we seem to have the world worst ex-leaders. In the US ex-president remain largely far for the maddening crowd, but in Oz our ex-PM’s seem to get stranger when they leave office. Even in the UK ex-PM’s seem to keep their dignity and don’t cry like spoiled schoolboys when things don’t go their way.

    Anyway let’s see how Gillard handles the election campaign. What we need to see is how she handles pressure. I wonder if she is as cool as the media likes to tell us she is?

  • 13 Ned S // Jul 19, 2010 at 1:20 pm

    The stock market’s reaction to our collective choice next month may be informative?

  • 14 Biker // Jul 19, 2010 at 6:53 pm

    Interestingly, property bulls on the west coast infer that housing is ‘safe’ regardless of who wins… . (I guess the spruikers would say that anyway. A month without any sales is a l-o-n-g time!)

  • 15 Senator13 // Jul 23, 2010 at 9:54 am

    Rudd had committees Gillard now has a ‘citizens assembly’ for looking at climate change.

    Didn’t we have this at the 2020 summit and the Copenhagen conference?

    More talkfests from Gillard – just as it was under Rudd. Nothing has changed.

  • 16 Ned S // Jul 24, 2010 at 8:18 pm

    Looks like ‘girl power’ is going to be the deciding factor? Shouldn’t be surprised. That’s the way things happen in democracies I guess.

  • 17 Senator13 // Jul 25, 2010 at 1:52 pm

    ‘Girl power’ does not seem to be working in QLD and NSW unfortunately.

    But it does look like it will be enough to get them across the line. And a very strong green tinge.

  • 18 Sue Entwistle // Jul 26, 2010 at 11:11 am

    After watching the worm in the debate last night I was ashamed to be a female, how can women be so stupid to be conned by nothing!

  • 19 Biker // Jul 26, 2010 at 11:50 am

    “…a very strong green tinge…”

    That may, in fact, be a major concern, especially in regard to mining taxes. Could affect the vote in WA and QLD.

    Have to admit that the cash-for-clunkers* proposal (despite its considerable downside as indicated in the US) might be some compensation. Subaru will give me $2K off for cash on the new turbo-charged Forrester diesel. Jules will give me another $2K.
    10% discount!~

    Maybe she clued into the HBG idea! πŸ™‚

    * Wonder if the clunker cash might apply to a ratbike?
    Trade for the new Multistrada 1200, maybe?

  • 20 Greg Atkinson // Jul 26, 2010 at 12:35 pm

    I am not sure why women would dislike Abbott to be honest. He is a happily married man with three daughters so I would gather he is probably more in touch with females than most of us.

  • 21 Biker // Jul 26, 2010 at 12:56 pm

    “I am not sure why women would dislike Abbott to be honest.”

    Right. I’m sure they’d actually _like_ him to be honest. πŸ˜‰

    More seriously, as one commentator remarked this morning, it would be incredibly difficult to erase a profile he has developed during the last decade, overnight.

  • 22 Ned S // Jul 26, 2010 at 5:15 pm

    I guess the Libs will just have to try and wangle things so they go into the 2013 election with a lady at the helm then.

    They’re all shockers though – Julia wants to give people money to buy cars. Tony wants to give people more money to breed.

    The one good thing I can see coming from it is that one of them is going to lose. Shame about the other one though … πŸ™‚

  • 23 Biker // Jul 26, 2010 at 5:38 pm

    “they go into the 2013 election with a lady at the helm then…”

    Julie vs Julia? Now that would be something!~

    The Libs _may_ have made a major mistake selecting Tony Abbott.
    I know may Liberal women (oops, I’ll rephrase that)… I mean swinging voters (no better, sorry)… I mean women who lean to the right, who would never put Abbott into power, given some of his past, vociferously-argued views.

    Now, I know some may not approve of Hockey or Turnbull, but I’d argue that neither has the hate-following Abbott has managed to attract over the years.

    Humourous to have an Abbott and a Bishop opposing a self-proclaimed atheist, but politics is a pretty funny science in Australia…. . πŸ™‚

  • 24 Anon // Jul 26, 2010 at 6:02 pm

    Brilliant move by Labor to oust Rudd. They’ve got the election in the bag.
    Liberals need to really clean house and bring in alot of new blood if they have any hope in the next election in 2013-4?
    The team doesn’t seem cohesive at all. I’m a fence sitter and atm labor have my vote. Liberals haven’t done enough to persuade me they have what it takes i’m afraid.

  • 25 Biker // Jul 26, 2010 at 9:03 pm

    Have to agree, Anon. Having just watched Kerry O’Brien mop the floor with Abbott, I actually felt a little _sorry_ for Tony.

    First time in _years_ I’ve actually thought of donating blood…

Leave a Comment



This site is not intended to act as any form of financial or investment advice.  © 2008–2017 Shareswatch Australia — DisclaimerCutline by Chris Pearson


The information contained in this website is for general information purposes only. Whilst we endeavour to keep the information up-to-date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Please seek professional advice before making any investments.