Abbott is determined to break sharply away from Labor's economic policies to clearly define a new incarnation of traditional Liberalism: lean, efficient government with as little intrusion into the economy as possible; a high degree of corporate and personal responsibility; minimal union influence and power; and containment of welfare spending.
There will be few rescue packages and little federal largesse. Abbott and Hockey have continued their pre-election warnings of impending doom unless there is sweeping change and have said that taxpayers' money must not be regarded as a lifeline.
Individuals have been told to better manage their own financial affairs. So have companies, in the clearest possible terms. Abbott has rejected further subsidies to the car industry, allowing Holden to quit production and risking the departure of Toyota, the sole remaining car-maker.
One can only hope that our little Johnny, fresh from putting natives in their place and offering settlement bribes, takes those ideas onboard when he crosses the ditch for the upcoming talkfest.