Grave risks for Labor

The signal from Resources and Energy Minister Martin Ferguson on possible adjustments to the mining super profits tax was decidedly unhelpful. The last thing the Government needs now is anything that looks like backing down in the face of opposition from the mining industry. Nerves must be kept. If Prime Minister Kevin Rudd does back down his reputation as a weak leader not prepared to stand up for anything will be irrevocably confirmed. And weak leaders don't win elections.

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