At best, the government might end up with a razor-thin majority, alternatively it will be another minority government. We do know there will be zero chance of getting anything substantive or tough through the Senate — precisely when we need tough reform, increasingly not to build a prosperous future but to avoid economic and financial disaster. Turnbull crafted Triple-A disaster for himself, Liberal party and the country Turnbull has to take full ownership of the completely bonehead tactic of calling a double dissolution election off the back of the Budget.
Even if the global economic environment was reasonable, we would be facing tough times. There is every prospect that the world could turn seriously dark.
The “lucky country” just used up the last of its luck.