Bill Shortens’s announcement of a plan to construct 250,000 new homes over ten years is exactly what is needed. It won’t do much to arrest falling house prices, but it will inject some much-needed activity to help offset the anticipated fall in employment.

What won’t help, is budget surpluses which starve the economy of money. How hard can it be to get this message across? How hard can it be to explain this to supposedly intelligent men and women, successfully?

The one saving factor is that neither Morrison or Frydenberg are likely to realise their overly ambitious forward budget estimates. No prime minister or treasurer over the last eleven years has been able to achieve that.

In all likelihood, the status quo will be preserved. And while a coalition in opposition will see this as Labor’s failure, this time, it will be their credibility that is well and truly discredited.

via Scomo and the Fry: The Great Pretenders – » The Australian Independent Media Network