Mr Turnbull announced that part of the reason Abbott was thrown under a bus was that the government had lost its way regarding the handling of the economy. A new course had to be set and the ship of state had to be steered by a person more adept at handling a complex thing like the Australian economy. After doing a bit of crowd surfing and appearing on numerous ABC love-ins we prepared ourselves for some ground shaking changes. All we got was a talk on innovation and plenty of waffle. We rightly ask what happened to this newly minted financial savant?
Absence of fiscal remodelling raises accusation the government is too weak for tough decisions
MALCOLM Turnbull suddenly is being branded the do-nothing Prime Minister, mainly because he hasn’t yet overhauled the tax system.
But inactivity is not his problem. It’s a political climate demanding swift gratification.
Malcolm Turnbull is being much too reasonable and measured for current expectations which are for decisions to be made in the morning and delivered by lunchtime.
That is why he is being marked down by critics as weak on changing the tax system, something of a fiscal wuss.
A prime minister who took the quick-response path, Tony Abbott, was replaced last September because his MPs and the electorate had been ambushed by too many surprises — not all of them pleasant.
Mr Turnbull’s approach has been in the other direction. He has cultivated discussion for a relatively long time — in this instance on tax — before even contemplating the decision making moment.
Despite the lesson of the Abbott period, that has not been fast enough for the rapid-turnover pace of our political system, and the absence of a firm tax proposal from the government has been seen as a failure.
[...]
http://www.news.com.au/national/politics/absence-of-fiscal-remodelling-raises-accusation-the-governm...
Paging Malcolm Turnbull.
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