Australian Politics – New Submarine Contract Sinks Our Finances And Our Friends

PA Pundits - International's avatarPA Pundits International

Bolt New 01By Andrew Bolt ~

There are many troubling things about Australian Prime Minister Malcolm Turnbull’s submarines deal and on Monday I will reveal perhaps the most dangerous.

Meanwhile, Alan Mitchell of the Financial Review on the sheer waste:

Photo: A Shortfin Barracuda Block 1A pre-concept design released as part of the DCNS pitch. (Supplied: DCNS)Photo: A Shortfin Barracuda Block 1A pre-concept design released as part of the DCNS pitch. (Supplied: DCNS)

Can there possibly be an upside to Malcolm Turnbull’s decision to squander billions of taxpayers’ dollars building 12 French submarines in South Australia?  It’s hard to think of one.

Of course, there are potentially critical South Australian seats at stake in the coming election and Turnbull no doubt believes it’s worth every penny to ensure that the Australian people are not deprived of his greatness. But surely there were cheaper ways to buy off the South Australians.

With a 30 to 40 per cent local cost premium as a starting point and the history of…

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