A general election this Saturday in Australia pits Labor Prime Minister Julia Gillard against conservative opposition leader Tony Abbott. A spokesman for Gillard predicted “the closest election since 1961.”
Financial competence is Gillard’s campaign trademark. The current Australian Prime Minister has ruled out changes to her planned 30 percent mining tax if re-elected. That is one of the key economic policy differences with the opposition.
Some voters are also angry about a failure by Labor to implement a carbon trading scheme, and border protection with the arrival of illegal immigrants.
With campaigning in its final day, analyst Dr. Mark Rolfe framed a question faced in marginal constitutencies: “…a general dissatisfaction with both parties at the moment and an invidious choice they have to make, do they stay with Gillard or do they make a leap of faith with Tony Abbott, and both are damaged goods in some respects…”
According to crocodile Harry, Gillard will win. At home in his enclosure in Darwin, before enraptured media, he snapped up the dead chicken with her picture on it. Like the famous octopus, Harry picked Spain to win the World Cup last month.
Undecided Australians could produce a minority government — a worst-case scenario for investors.