Costello's out:
http://www.theage.com.au/news/federa...947541130.html
He's staying on as a backbencher (presumeably). So - Turnbull or Abbott? Abbott's such a colossal dickhead methinks Turnbull's pulling out the win in Wentworth gives him the golden glow.
@Paul McCartney - that's certainly one version of the defeat: the "It's time" factor, but for my part the abysmal relationship Howard has had with any sense of integrity, ethics, responsibility, the truth, reality....over the last 11 years is certainly a factor to consider. Indeed whether in fact he has done a "good job" has more to do with global commodities demand and economic fluctuation than his own peculiar economic prowess has also been argued by some.
All I know is that there is a chance I may not feel ashamed to be a part of this electorate much longer. Of course - it's been argued that the poetic justice of Howard being hoist upon his own interest-rate pertard does not speak highly of the notoriously short-sighted, self-interested homo-economicus Aussie voter. Given that the rates are set independently by the Reserve Bank, us "punishing" Howard for failing to keep them from rising (as erroneous and baseless as that promise was) could be seen either as mass, vindictive stupidity, or the rightful retort he had coming to him for the decade or so of hubris.