“Albonomics, like Bidenomics before it, just isn’t working. The rise in interest rates reflects an economy which basically can’t grow more than about 2 per cent a year without an inflation spike. This stems from our long-run productivity growth problem matched with excessive government spending at the federal and state level.
“This Labor government has made both the productivity and spending problems worse. In the last parliament, then minister for employment and workplace relations Tony Burke took large fistfuls of sand and hurled them into the gears of the Australian labour market. Large pay rises, pattern bargaining, two-year casual conversions to permanent jobs, 15 per cent pay rises in the care sector, removing flexibility in the gig economy, you name it. If there was an idea that could reduce productivity, the government tried to implement it.
“We need to return to fiscal rules that both sides of politics had since the mid-1990s. Government spending needs to be curtailed. A pro-growth mindset needs to replace a redistributive mindset. It’s incredibly telling that when asked about inflation problems, the PM pointed to all the government subsidies he’s providing. They’re the cause of the inflation problem but he thinks they’re the solution.“
We’re through the looking glass. In Albonomics, black is white and up is down.”
“The mood today is entrenched pessimism. The great Australian dream is that the next generation will be better off than the current generation – but 55 per cent again said the next generation will be worse off. People don’t just think the ‘here and now’ is bad, that this will be a tough year. They think the economy is stuffed and they want someone to unstuff it.
“I’ve been doing focus groups and people are totally despondent, they don’t see any hope or future and they worry about their kids. Parents say ‘my kids are 19 but they won’t be leaving home for another 10 years’.
“Any idea the Liberals can go to the next election getting away with cheaper petrol for 12 months and a few bits and pieces like immigration just won’t cut the mustard. In that situation people will default to Labor, the devil you know, and conclude the Liberals are hopeless.
“People want leadership. The Liberals need to recognise that Australia is an urban electorate, that’s where the Liberals need to make progress. The Liberals and Nationals need a new mindset.”
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Will team Albo have over a hundred seats? (Read 202 times)
