SMH
SMH and The Age publish their daily cartoon roundup, continuing to file illustrators' work as their federal political coverage.
Third time this week a masthead's filed 'here are some drawings' under federal politics. At this point the cartoonists should unionise and demand a byline budget — they're carrying more analytical weight than the building they work in.
SMH · Paul Sakkal
Albanese confirms Labor will proceed with changes to negative gearing and the capital gains tax discount, despite fears the war might prompt a retreat from investor tax reform.
Albanese touching negative gearing has the same energy as a bloke finally fixing the roof — in the middle of a war, during an election, with the ladder already on fire. Every Labor leader since Shorten has known the tax settings are rigged to reward landlords for bidding against first-home buyers. The difference is Albanese waited until the political cost of doing nothing exceeded the political cost of doing something. That's not courage, mate — that's arithmetic.
Guardian Australia · Krishani Dhanji
The PM announced gambling advertising restrictions falling well short of all 31 recommendations from Labor's own 2023 report, more than 1,000 days after it was handed down. Ads will be capped rather than banned, with opt-out mechanisms for online platforms.
A thousand days to read thirty-one recommendations and the government's come back with three ads an hour, like a doctor prescribing two cigarettes instead of four and calling it a cancer policy. Albanese stood at the Press Club and called this the most significant gambling reform Australia's ever seen, which is technically true the way a puddle is technically the deepest water in the Sahara. The bookmakers kept their ad slots, the kids kept their exposure windows, and the PM kept a straight face. Significant reform doesn't come with an opt-out button, mate.
SMH · Brittany Busch
The PM uses a National Press Club address to announce a $1 billion industry support package and frame an 'ambitious' budget, against the backdrop of Iran tensions and surging petrol prices.
A billion dollars and the word 'ambitious' — putting on a dinner jacket to microwave a pie. Albanese announces industry support while Iran burns and the bowser bleeds, and the Press Club nods along like it hasn't seen this act twelve times before. Menzies used that lectern to argue a case. This mob uses it to trail a budget like a movie preview — all the good bits up front because they know the feature won't deliver.
The Conversation · Michelle Grattan, Professorial Fellow, University of Canberra
Shadow defence minister Andrew Hastie publicly criticised Trump's attacks on US allies over the Iran conflict, revealing growing Coalition unease with Washington's transactional approach to its partnerships.
Hastie's "visceral reaction" to Trump slagging the allies is the sound of a man discovering that the bouncer he hired doesn't actually like him. The AUKUS cheerleaders spent three years telling us the alliance was ironclad — turns out it's iron-conditional, and the condition is you do what you're told or cop it publicly. Bismarck kept his alliances by managing expectations. Washington keeps theirs by issuing invoices.
Guardian Australia · Tom McIlroy Political editor
Anthony Albanese will announce interest-free loans for businesses hit by fuel shortages while acknowledging Australia was already vulnerable before the Iran-driven energy crisis, promising the May budget will address structural weaknesses.
Interest-free loans for fuel-strapped businesses — Menzies would recognise the pattern: subsidise the dependency, announce it like a reform. Albanese stands at the Press Club admitting the country was vulnerable before the crisis, which is a confession, not a policy. Three terms of parliament knew the tankers weren't coming and nobody built a refinery. Now we're lending money to businesses so they can afford the petrol we refused to secure.
Guardian Australia · Sarah Basford Canales and Dan Jervis-Bardy
Anthony Albanese delivers a rare prerecorded address urging Australians to use public transport and conserve fuel as Middle East disruptions threaten months of economic shocks, while promising to shore up international supplies and boost local production.
Albanese's gone to the prerecorded address — the format reserved for wars and pandemics — to ask the nation to catch a bus. Three weeks of strategic fuel reserves, fifty years of warnings, and the big move is a video telling commuters to be brave. Chifley would have announced a refinery. This mob announced a carpool. The rare address isn't about the crisis — it's an admission that when the crisis arrived, the cupboard was bare and the only thing left to ration was optimism.