This doesn't surprise me.
Hockey and Abbott think that allowing gen Y to dump their super into their housing, is going to improve affordability, rather than driving up prices. It sounds like they are too cowardly, to address some of the fundamental issues. Watch monday's Q & A, to see Hockey held to account by someone whose actually qualified to give advice on this area. Hockey spews so much bullshit, it's like he's the last link in a human centipede made up of the state real estate bodies, and the HIA. He's happy to tackle soft targets like the 0.5% of residential property owned by foreign investors, but fails to see how hypocritical it is to warn us about the future pension burden, at the same time he tells people it makes sense to invest all your earnings in real estate, because what you need when you retire, is a one easy to access basket, with whatever is left of your eggs at that point in time. Maybe they'll be double, maybe they'll be half, lets just put all the eggs, everyone's eggs, in that one basket and hope for the best. At least Turnbull has the two brain-cells required to understand why removing diversity from a long term investment is not a great thing to gamble the nations future pension bills on.
Then we have possibly the worst piece of human excreta to grace the front bench since the 1930s, Christopher Pyne. Sure, he backed down, with all the grace, sophistication, and mannerisms of Tom Cruise standing on Oprah's couch. But he completely failed to understand that using Australia's research funding as a bargaining chip, in itself, has a huge impact. It's really really hard to retain great scientists in Australia. They sure as fuck don't do it for the paycheck. And when you tell them that in less than three months, they might not have a job, you know what they do? They take the open positions overseas. Some of these scientists, have standing offers from multiple institutions overseas, with perks and a pay rise built in. If you threaten their jobs, with less than three months potential notice, as a bargaining chip, some of them leave. At the end of the day, the government was holding a paltry $150 million back, what they didn't tell us was that it cost us skilled, trained staff who could probably get paid 30% more than they currently are, and are running, maintaining and utilising billions of dollars of investment.
It's like quibbling over the cost one headlight bulb on your car, and losing months of use of your paid-up vehicle. It's hard to even work out an appropriate metaphor, because it's so stupid.
The current government doesn't have the vision to fix the problems we are in. They don't have the maturity or guts to deal with the root causes, and they sure as hell aren't trying to understand what they don't know. In the lead-up to the spill attempt, the Australian Chamber of Commerce revealed that no offers of assistance to the government, in forming policy have been accepted. Now, that's pretty unprecedented. Is the government going to pretend that the ACC is infested with pinko-commie unionist types? Or is there a more simple explanation? Is the "north shore forum" supposed to supplant independent business interest groups, to allow you to the opportunity to push your case for special snowflakedom, with benefit to the Liberal party coffers?