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	<title>Larvatus Prodeo &#187; Treasury Secretary</title>
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		<title>A lapse in judgement? Or too many barristers?</title>
		<link>http://larvatusprodeo.net/2008/10/23/a-lapse-in-judgement-or-too-many-barristers/</link>
		<comments>http://larvatusprodeo.net/2008/10/23/a-lapse-in-judgement-or-too-many-barristers/#comments</comments>
		<pubDate>Thu, 23 Oct 2008 01:13:02 +0000</pubDate>
		<dc:creator>Mark Bahnisch</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Ethics]]></category>
		<category><![CDATA[Law]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[deposit guarantee]]></category>
		<category><![CDATA[Glenn Stevens]]></category>
		<category><![CDATA[Ken Henry]]></category>
		<category><![CDATA[Malcolm Turnbull]]></category>
		<category><![CDATA[Michelle Grattan]]></category>
		<category><![CDATA[reserve bank]]></category>
		<category><![CDATA[Senate Estimates]]></category>
		<category><![CDATA[Treasury Secretary]]></category>

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		<description><![CDATA[The Coalition&#8217;s apparent belief that everything that they read in the (Australian) newspaper must be true has got them into all sorts of trouble this week. The bizarre spectacle of a gaggle of Liberal Senators piling on Treasury Secretary Ken [...]]]></description>
			<content:encoded><![CDATA[<p>The Coalition&#8217;s apparent belief that everything that they read in the (<i>Australian</i>) newspaper must be true has got them into all sorts of trouble this week. The bizarre spectacle of a gaggle of Liberal Senators <a href="http://www.theage.com.au/national/treasury-chief-vents-fury-on-liberal-senator-in-bank-deposit-row-20081022-56er.html">piling on</a> Treasury Secretary Ken Henry in Senate Estimates was quite extraordinary&#8230; and all this to score what would have been quite a minor debating point, if there&#8217;d been any veracity to the story in the first place. It was quite clear in fact that it was <a href="http://johnquiggin.com/index.php/archives/2008/10/22/meltdown-continues-at-the-oz-2/">wrong</a>, or w r o n g ! if you prefer, before the inquisition even began, but that didn&#8217;t stop Eric Abetz and Helen Coonan from reviving some courtroom tricks. In fact, the spectacle of George Brandis in full flight &#8211; declaiming as though the Treasury Secretary were some sort of a hostile witness in a criminal trial &#8211; was really quite the thing to behold.</p>
<p>Henry&#8217;s testimony led to a most unedifying spectacle where Malcolm Turnbull failed pathetically to dig himself out of his hole on the <a href="http://www.abc.net.au/7.30/content/2008/s2398583.htm">7 30 Report</a>. It was &#8211; quite seriously &#8211; one of the most appalling interviews I&#8217;ve seen a political leader give.</p>
<p>Michelle Grattan claims, in a <a href="http://www.theage.com.au/national/turnbulls-poor-judgement-puts-the-spotlight-back-on-him-20081022-56f3.html">column</a> that &#8211; among other things &#8211; recites some of Turnbull&#8217;s own talking points, that the opposition leader suffers from &#8220;periodic bad judgement&#8221;. I&#8217;d like to ask &#8211; quite seriously &#8211; if someone can instance for me an example of Malcolm Turnbull exercising good judgement. When are the media going to realise that Turnbull&#8217;s not the Messiah, just another arrogant barrister with an inflated ego?</p>
<p><b>Update</b>: If anyone was wondering about Dennis Shanahan&#8217;s &#8220;we were right!&#8221; stuff in today&#8217;s <i>Australian</i>, <a href="http://www.crikey.com.au/Media-Arts-and-Sports/20081023-No-truth-in-a-good-story-at-the-Oz.html">Bernard Keane</a> puts it to the test and gives it the epic fail.</p>
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