William McMahon’s famously ill-starred prime ministership has been back in the news, not necessarily to the advantage of the federal Labor government. In Inside Story, Paul Rodan recalls the election of nearly forty years ago • RECENT unflattering comparisons between Julia Gillard’s prime ministership and that of William McMahon are especially timely given that 2012 marks the fortieth anniversary of McMahon’s defeat by Gough Whitlam, which led to the first change of national government in twenty-three years. Momentous as Labor’s 1972 victory was, the result – to use that well-worn phrase – was “a close-run thing.” Labor secured 49.6 per cent of the primary vote and 52.7 per cent of the two-party preferred vote for a lower house majority of ...