It is highly likely that the March 2019 quarter will be negative. But we won’t know that until the first week of June when, in all likelihood, a new Labor government will have only just been installed.

Once again, Labor will have to inject stimulus money to revive a weak economy and suffer the misfortune of an electorate that believes them to be an inferior economic manager. The irony is gobsmacking.

It happened in 2007, in 1983 and in 1972. It seems to validate the claim that Labor governments have to be twice as good as conservative governments, to be judged their equal.

Falling living standards are always the result of fiscal austerity, something for which conservative governments can pride themselves in excelling. This is what Labor will inherit. Once again, they will have to do the same job all over again.

via The Good News according to Josh – » The Australian Independent Media Network