The Coalition has long been debating internally its foreign investment policy. The Nationals have led the debate against investment by state-owned companies in farms, mining and other assets while the conservative Liberals have been more inclined to support foreign investment.Mr Swan said Mr Abbott had outsourced the policy to the Nationals Senator Barnaby Joyce."I actually think that it's very damaging for Australia that foreign investment policy in the Liberal-National Party has now been taken over by Barnaby Joyce," Mr Swan told reporters in Sydney."There's a pipeline of investment that is coming our way ... creating jobs and wealth in Australia."Now Mr Abbott wanders off overseas and puts a very big question mark over all of that because he wants to play politics while he's wandering around the world."Dr Emerson said the Foreign Investment Review Board already scrutinised every investment bid by a state-owned company."What he's saying is ... he would step in and override that and ensure it was not approved," he said."This is an extraordinary lift in sovereign risk perceptions of Australia."
Read more: http://www.smh.com.au/opinion/political-news/government-hits-out-at-abbott-on-china-20120725-22pux.html#ixzz21c9JhefM
Even Baillieu, the Premier of Victoria "distanced himself" from Tony Detritus....
A CAMPAIGN to unseat Warringah MP Tony Abbott to prevent him from becoming the next Prime Minister has started.
Organisers are looking for a "local hero" willing to go up against the Opposition leader, saying it is up to the people of Warringah to ensure Mr Abbott does not become the next PM.
Campaign manager Paul Foster said the idea for the campaign came up when he spoke to a friend who lives in the same Forestville street as Mr Abbott.
He said many people felt Mr Abbott was a polarising and negative leader without a strong vision and clear policies.
"It's almost certain the Liberal Party will win the election and people are pretty happy with that, but Tony Abbott is not the leader of choice," he said.
Electing an independent candidate for the Warringah seat would enable the Liberal Party to choose "a less polarising leader", he said, suggesting Wentworth MP Malcolm Turnbull and shadow treasurer and North Sydney MP Joe Hockey as better options.
Foreign Affairs Minister Bob Carr has hit out at Tony Abbott for what says were "dangerously dumb" comments about Chinese investment.
Speaking in Beijing on Tuesday, Mr Abbott warned about state-owned foreign enterprises buying into Australian companies, saying it would "rarely be in Australia's interest".
Many Chinese companies have some form of state control, and Senator Carr says the Opposition Leader's comments are dangerously adversarial and could offend other Asian countries.
"It disturbs me that he is making in three or four of the things he said about China what can only be seen and what will be seen by them I think as an adversarial approach with China and I think that is reckless," he told Lateline.
"I think it is really dangerously dumb for this country's interest."
He says Mr Abbott is trying to change the rules and moving towards a "blanket prohibition on Chinese investment by state-owned companies".
"Now that is crazy," Senator Carr said.
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