Postmodern Trendoid III wrote on Aug 5
th, 2023 at 2:23pm:
Airbus is a complete failure.
Weekend customers at the BP service station in Double Bay were showing no apparent signs of pain, despite paying $2.53 for a litre of premium unleaded petrol.
Some 40km to the west, however, in the badlands beyond the M5 tunnel, the fuel queue at Costco in Casula stretched out of the forecourt and back to the roundabout. A 15-minute wait seemed a small price to pay for a saving of 60 cents a litre.
The length of the Costco bowser queue tells us more about the real-world economy than we could learn from listening to ABC Radio National for a fortnight.
When customers finish loading their tanks and then drag out a couple of jerry cans from the boot, it’s a fair bet the cost of living weighs more heavily on their minds than, say, an Indigenous voice to parliament.
...
Seasonally adjusted consumer confidence appears stuck at its lowest level since 2010, when the RBA first collated the figures using the Westpac-Melbourne Institute survey.
Kevin Rudd and Chris Bowen
Kevin Rudd and Chris Bowen
In the first seven months of 2020, in the early, uncertain days of the Covid pandemic, consumer confidence averaged 89. In the first seven months of 2023, it has averaged 81. In other words, the sharp, V-shaped downturn during Covid has been followed three years later with a precipitous downward slope that signals a profound downturn from which there is no escape as long as this
economically jejune government remains in power.
Albanese better start gathering his excuses for breaking his cost-of-living election promises. A $275 cut in the annual household power bill looks like a bad joke. Ditto the promise that wages would keep pace with inflation.
The chance that Albanese may preside over the first single-term government since the Second World War may be less remote after the potential punishment of losing the voice referendum. He will be diminished in the eyes of those who care about these things and distant from those who don’t. For them, this pointless excursion into race politics will further prove that today’s
card-carrying members of the Labor Party have little in common with card-carrying members of Costco.Nick Cater is senior fellow at the Menzies Research Centre.
This is a government of aging student politicians from the 80s. Rich, sheltered, naive/stupid.