Wednesday, 17 June 2009

A victory not a defeat

The glib description as the Rudd Bank of the proposed financial aid for commercial property developers that the Senate defeated last night will have done the Labor Government no harm and nor will the defeat of the legislation. Property companies are traditionally the largest financiers of election campaign costs for the political parties and Labor will be rewarded for trying when the hat gets passed around next year. Collectors for Malcolm Turnbull on the other hand will find the going very tough indeed. Not that this is an issue Labor will be keen to elevate in to great prominence by reintroducing it in three months time to provide a double dissolution trigger. The money of property developers is handy but campaigning for them too openly is not a vote winner.
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