Friday 1 December 2017
As a writer one is always searching for the truth of things in order to marry it with words that will give light to a given subject. Then you walk away emotionally charged knowing you have written something worthwhile.
At other times one has to rely on one’s experience to elevate the truth of things, to such heights: to give it reason.
In my article yesterday “2017- A deplorable year and it just keeps on getting worse” I felt met both criteria and I thought I had written one of my best for the year. However, the last six words of the title proved to be prophetic when the Prime Minister yesterday overturned 400 or so days of being stubbornly unenthusiastic about a Royal Commission into the banks, to supporting one.
How does this come about? Well, it goes something like this: The leader of the Coalition through no fault of his own loses two MPs and is in danger of being rolled on the floor of the House and an ensuing fight from the backbench would ultimately break out.
Barnaby Joyce had now indicated that he might support an RC. It would be a political disaster from anyway you look at it. As I had written previously, it might even lead to a split in the Coalition.
So what does one do? Well, it’s a ‘you scratch my back and I’ll scratch yours’ situation. How about you (the banks) write us a letter, in effect saying, that in view of public opinion, and pressure from the media, we think it would be a good idea to have a Royal Commission just to clear the air? Good will and all that. Remember to indicate that we both reached our decisions independently.
In return we promise to author the terms of reference so as to avoid any contentious issues such as t interest rates on credit cards. Issues like it will be avoided. It would be an RC about culture that would have no real bite at all. We will leave open the issue of compensation so that the taxpayer can pick up the bill. We will make sure it’s a short inquiry and we won’t allow it to widen its scope.
This has nothing whatsoever to do with Royal Commissions but more to do with a Prime Minister trying to save himself and his government. The Prime Minister is now on life support and the entirety of his time is devoted to being one step ahead of the game.
The problem is that nobody’s buying it. The reaction to his scheming has been one of disbelief. That a man so stridently endowed intellectually could be so pathetically transparent.
At the press conference both Turnbull and Morison could hardly contain their contempt for the people who had put them in this position. Labor and Bill Shorten copped much of their venom. They excruciatingly tried to reason their argument but the experienced journalists of the press could see straight through them.
Now we have the Royal Commission John Howard dubbed as “rank socialism.” What on earth is the world coming to?
My thought for the day
“Politicians who change their minds aren’t necessarily seeing the light. They might just be feeling the heat.”
PS: By the way, how these massive financial institutions could put their names to such an obvious con job is typical of why a fair dinkum Royal Commission is needed.