michael costa

Great day for New South Wales

Friday was arguably the most tumultuous day in New South Wales politics since Jack Lang was sacked on May 13, 1932. Firstly Michael Costa was axed as State Treasurer by Premier Morris Iemma, then Iemma himself resigned after his attempt to reshuffle cabinet was nixed by his caucus.

And all this happened two days after deputy premier John Watkins resigned from parliament to become CEO of Alzheimers Australia.

Political quotes of the week

Counting down the three outstanding political quotes of the past week:

Number Three:

"...there are 350 million people in India who are classified as middle class. That's bigger than America. Their middle class is larger than our entire population."

- George Walker Bush, assigning blame for the global food shortage, 1.5.08

Number Two:

Costa Zoo and the China Syndrome

You don't have to be a rocket surgeon, or even a brain scientist, to understand the People Republic of China's role in that Maoist Johnny Howard's strong economic management of Australia. And you might even be aware of the Chinese government's new-found interest in foreign corporate investment. However, the New South Wales Government's leading parliamentary economist, treasurer Michael Costa, is none of the above.

It seemed reasonable enough in Question Time in the Legislative Council on Tuesday, when John Kaye of the Greens put the following to Costa the Coster: