Billions of dollars of tax cuts to big businesses sound good, but they would have taken even more from the bottom line. As for the idea that they’d stimulate more economic activity, I’m yet to read of any CEO announcing that they would have invested more, but the idea that they’d be taxed at 30% rather than 25% if they made an extra billion, so they decided it wasn’t worth it.
No, when someone tells you that the Liberals are good economic managers, you can remind them of the re-opening of the Christmas Island detention centre, only to announce it’s closure a few months later. Although anyone who still believes the old line about the Liberals being good economic managers will probably reply:
“But they’ve saved over a billion dollars by closing it! Imagine how they’ll be able to spend that…”