this post was submitted on 26 Dec 2024
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Australian Politics

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submitted 2 weeks ago* (last edited 2 weeks ago) by [email protected] to c/[email protected]
 

"Having rescued the economy from damage done by the Coalition and stabilising government debt, the ALP is polling well for a second term in office."

  • An interesting take from Koukalas from back in July. Still valid?
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[โ€“] [email protected] 1 points 2 weeks ago (1 children)

They inherited a bit of a mess thanks to covid, the global economy and the previous government.

I like how during the 10 years of lnp government it felt like we heard "we're cleaning up their mess!" what felt like all the time. But I don't recall this government saying it beyond the first few weeks. Are their political strategists dumb? Maybe.

[โ€“] [email protected] 2 points 2 weeks ago* (last edited 2 weeks ago)

What is the point of saying it if the press won't report it?

There were probably extenuating circumstances after 2019 but I have no idea what was going on under the Hockey and Morrison treasuries. Hockey might have been disinterested but Morrison was a disaster. They kept on taking on more debt and where was it going? Not increased services for taxpayers. Mates? Waste? Corruption? Who knows?

Our percentage of government debt to GDP still isn't too bad in global terms. Even under the coalition while it was lax management and dodgy deals it wasn't going to break the nation.

It was certainly going up under Gillard but very notable the massive outrage in the press ceased as that continued and considerably worsened under successive coalition governments. Extremely biased press coverage and complete dumbarsery from the Australian public to accept the media spin when the debt figures are public record.