In effect the US government is putting an economic gun to the head of the other major economic powers and doing to the rest of the world what the major US financial institutions did to it.
The Liberal party is being driven with one eye on the road in front and one on the rear view mirror – and it is getting increasingly confused which is which.
The fact is that, leaving aside metaphysical claptrap, any objective assessment would have concluded that this was an election that Labor should never have looked like losing.
The media’s refusal to see the depths of the Liberals’ political problems is why they keep getting the leadership dynamics wrong.
The period of domestic initiatives is now over and the global dimension to this crisis is now becoming unavoidable.
The ‘chasm’ between these two political supremos neatly summed up by the ease with which Pyne has flitted between both.
After off-loading responsibility for the downturn, Labor needs to convince why it can make a difference at all.