Sunday, November 04, 2007

Money Talks

Rain, sufficient today to prevent my morning walk for the first time in months, may well be tinkling on the iron roof, but it's the whispers from the betting markets that I'm hearing.
Last week I put $10 on Maxine McKew to rid the Australian parliament of you know who on election day, 24th November. The price at Lasseter's Sportsbook was $2.30 for a dollar, a bit lean I thought, but I like the lady's pluck, and this election promises to be the most interesting in a long time. So I win $13 if bold Maxine makes history. I liked her when she did Lateline, admiring her poise with political heavyweights. She's lost some personal appeal to me now she's a politician, but I still think she's a bit of alright.
The news bulletin this morning gave the results of a poll in Bennelong which indicated she was the preferred candidate on first preference, 48% to $47%, so I checked Lasseter's again and she'd drifted, surprisingly, to $2.40. I went to Centrebet, they have her at $2.60. I couldn't resist and put on another $10. So in total, so far, I'm risking $20, a chance to win $29. GO MAX BABY, I wish you well over the next three weeks and I'm trusting that your background journalistic professionalism will prevent gaffes, unlike nudenut Garrett.
I looked at the other NSW seats and according to the betting there are only three marginal or close- Centrebet has Page $1.83 Lib/$1.87 Labour, Paterson $1.50 Lib/ $2.40 Labour(hardly marginal) and Robertson $1.77 Labour/$1.95 Lib. Lasseter's has them Page $1.80/$1.90, Paterson $1.60/$2.20, and Robertson $1.80/$1.90. The other seats are shoe-ins if you believe the money.
In Victoria much the same applies. Our electorate, La Trobe, is the closest at $1.80 Lib/$1.90 Labour, then there's McMillan and Deakin both $1.72 Lib/$2.00 Labour, and Corangamite $1.65 Lib/$2.10 Labour. It's already over in every other seat if the market's got it right.
I haven't looked at the other states, but on the election result, the betting is Labour at $1.28 and the Coalition $3.50. Much can change in three weeks, the serpent pit is writhing, but that price is a compelling indicator that we may well have a change of government.
Should it happen I will be happy on election night to visit my friend Maria with a good bottle of red to drink in celebration. Maria, my writing teacher, has a strong interest in politics and a dislike for you know who and his politics. She has offered open house on election night. As I look out the window at the rain belting down I'm reminded of my wish, at the end of October, for a wet November. I'm sure Maria's wish for November would have been for the downfall of the Howard regime after 11 sad years during which social justice and much of what Australians were once proud has been degraded and diminished, while the rich and powerful and greedy have raked it in.
As for me, I'm for the Greens. Nature and the environment is my scene, for the good of us all, longterm. Raise taxes I say, especially at the higher income end, to protect the environment and help the needy. My second preference will go to Labour candidate Rodney Cocks. We need change and a new vision.
Aussies be brave!

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