If this is true, then this must raise further doubts about Julia Gillard's grasp on economics and her political judgement. After all, it was she who was the architect of the insane Medicare Gold policy that did so much to damage Mark Latham.
And it is Ms Gillard who has presided over the administrative disasters that are the school computers program and the Building the Education Revolution (the program were builders have ripped off taxpayers for billions of dollars by massive over-charging for school buildings).
Though, to the contrary, the ETS decision was a good call. As more and more people came to realise that it would have no meaningful effect on the world's carbon emissions, but would still drive the cost of everything here up and make Australia less competitive against our competitors, it would have become poison for the government.