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Since the announcement that Australia’s new submarines were to be built in Adelaide by a French company, from the only poll that ever gets it right, punters:
 
• Labor closes in on the Coalition, odds cut into $3.25 to win the election.
 
• Coalition drifts from $1.25 out to $1.33.
 
• All the interest from punters this week has been for Labor to cause an election upset.
 
Labor, priced at $6.00 just over a month ago, has been cut from $3.50 into $3.25.
 
Punter interest in Labor has been strong over the past week, with Sportsbet taking five bets on Labor for every one bet on the Coalition.
 
People aren’t stupid. We could have had Japanese submarines with proven design and technology built in Japan for $20 billion. About $1,000 cost for every man, woman and child in Australia.
 
Instead we are going to have French subs, not yet designed, with software not yet written or costed, made in Adelaide, for $50 billion plus the extra cost to build them here, estimated at up to 30% more, so a total cost of nearly $70 billion. Over $3,000 cost for every man woman and child in Australia. That is $2000 less in the pocket of every member of your family to spend on what you want and need. To fund less than 4,000 jobs in key marginal seats in Adelaide.
 
That is not job creation. That $2000 less to spend in the pocket of every Australian means job destruction on a massive scale.

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