Can there possibly be an upside to [Prime Minister] Malcolm Turnbull's decision to squander billions of taxpayers' dollars building 12 French submarines in [the state of] 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 the Collins class submarine to go by, the federal government could have hired all the Australian Submarine Corporation (ASC) workers to do nothing and the taxpayer would have been billions of dollars better off – because at least they wouldn't have been making grossly overpriced submarines.
http://www.afr.com/opinion/columnists/alan-mitchell/turnbull...