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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: twmoore who wrote (54153)10/11/2004 5:00:25 AM
From: Elroy Jetson  Read Replies (1) of 74559
 
Maurice will have his own take on the Australian elections, but John Howard's promise to declare a large portion of Tasmania's forests a Nature Preserve, closed to logging, certainly was a major part of it. The Labor Party Premier of Tasmania, Paul Lennon, had sided with timber companies in an effort to provide more jobs. Wrong choice apparently as Tasmania went solidly to John Howard's Liberal Party.

You can see this theme resonate across Australia as a whole as the Green Party split votes that would have gone to the Labor Party. In addition the Green Party gained additional seats at the expense of both the Labor Party and John Howard's coalition partner, the National Farmer's Party.

The strong showing by the Green Party in rural and agricultural areas is something I think Howard's pollsters picked up on a couple of months ago - hence the Nature Preserve and the Murray River Project.

Water use particularly in the area of the Murray River is a big concern in drought prone Australia. Howard announced a huge new spending scheme for Murray River water resource use. Provincial Premiers asserted that this was just a diversion of money which was already going to Provincial resource programmes, but I don't think this connected with voters.

This election certainly seemed to be the official death knell for Pauline Hanson and her former creation the "One Notion Party".
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