Tag: Alan Austin

IAREM 2022: Switzerland tops economic rankings, Australia out of top 20

Contrast this with what Morrison and Frydenberg were telling us, and reality bites the lies told. Now Peter Dutton is here to tell us what good managers they were.

The Independent Australia ranking on economic management (IAREM) for 2022 reveals Switzerland now leads the world and Australia remains outside the top 20, reports Alan Austin.

Australia’s dismal 22nd ranking – behind Portugal, Malaysia, Guatemala and Ecuador – is the nation’s fourth year outside the world’s top 20. This contrasts with being in the top spot under Labor in 2009 and from 2011 to 2013. This decline reflects the long-term effects of hundreds of billions lost offshore in company taxes not collected and billions more lost to corruption and gross mismanagement under the Coalition.

Variables which have deteriorated most severely over recent years in Australia are inflation, economic growth, the tax burden and federal government debt.

Source: IAREM 2022: Switzerland tops economic rankings, Australia out of top 20

National accounts mark Coalition ‘F’ for Fail on the economy

LAST WEDNESDAY’S national accounts confirm what voters have apparently already decided — that the Morrison Government was not that great at economic management after all.

Source: National accounts mark Coalition ‘F’ for Fail on the economy

Well done, Australia — now let’s fix the joint up properly

Australia’s Parliament is not the only institution to have been trashed by the Coalition and corrupt corporate interests over the last decade, as Alan Austin reports.

Source: Well done, Australia — now let’s fix the joint up properly

Scott Morrison has ten key election messages — nine are not true

In his pitch for re-election, Scott Morrison is hammering several talking points that the facts overwhelmingly refute, as Alan Austin reports.

Source: Scott Morrison has ten key election messages — nine are not true

The royal commission that could recoup billions of rorted Aussie dollars

The royal commission that could recoup billions of rorted Aussie dollars

Of all the post-election royal commissions proposed to deal with Coalition corruption, one has a chance of retrieving billions, as Alan Austin reports. THE COALITION GOVERNMENT has squandered hundreds of billions of dollars through either incompetence or, worse, deliberate intent to enrich its foreign mates. Most of the frittered funds are gone forever. But maybe not all. The vast wealth and income lost over the last eight years through export corporations that pay little or no tax may actually be traceable and recoverable, in part at least. This will require an investigation with the powers of a royal commission and broad terms of reference. It will also require a change of government.

Source: The royal commission that could recoup billions of rorted Aussie dollars

Australia’s economy not as robust as claimed by Morrison, Frydenberg

Treasurer Josh Frydenberg (Image: AAP/Mick Tsikas)

The Coalition’s repeated claims that Australia’s economy is one of the world’s strongest can be refuted by simply looking at the numbers. THEY ARE LYING AUSTRALIA

Income per person

Slumped 4 to 8th under the LNP

Economic growth

27th of 38 OECD countries

Jobless rates

2008- 2013 under the ALP it went  from 8th to 6th Under LNP it went  to 18th in 2019 and now 16th

Government spending

Under Howard we were 14th Under the ALP we ranked 7-10th then we tumbled back to 15th

Government debt

In 2013 4th 2019 15th and now 18th

Value of the Aussie dollar

Under the ALP it averaged $1 and Under the LNP it’s 0.72

We can also look at wage rises, productivity and other variables to see the same trends. Clearly, Australia’s economy is not leading the advanced world. It is barely leading Costa Rica and Chile.

In what world other than in La La Land can what Frydenberg or Morrison are saying be believed the reality and facts tell a totally different story.

Source: Australia’s economy not as robust as claimed by Morrison, Frydenberg

Department heads give worst ever economic report after eight Coalition years

Morrison’s “I feel Optimistic” v Department  Head Reports

The heads of Treasury and the Finance Department have just issued the most pessimistic Pre-Election Economic and Fiscal Outlook report since PEFOs have been a thing, as Alan Austin reports. LAST WEEK’S official assessment of the health of Australia’s economy foreshadows continuing worst-ever outcomes on virtually all important indicators. Had this been released with Labor in office, screaming headlines would be demanding the incompetent regime’s immediate sacking. The tabloids would be exhorting readers to take to the streets with pitchforks and flaming brands.

Source: Department heads give worst ever economic report after eight Coalition years

Anne Ruston tries to outdo Morrison and Frydenberg on greatest deceptions

“We inherited 5.7% unemployment and today it is at 4% and 1.7 million jobs [were] created over the term of this Government.” ( Rusden )

That is a whopper of almost Trumpian proportions. According to the Australian Bureau of Statistics (ABS), File 6202, Table 1, the increase in jobs over the term of the current Government is a modest 531,200. That’s nowhere near 1.7 million. Clearly, this Minister is ambitious for promotion.

Source: Anne Ruston tries to outdo Morrison and Frydenberg on greatest deceptions

Worst debt blow-out in the developed world refutes Coalition claims of economic competence – » The Australian Independent Media Network

In 2013 ALP debt of $280 M was critical to the LNP,and a disaster to the Aus Economy. Today it’s $900 M and is “well in-hand” and managed “perfectly” and in control under this LNP why? Because Morrison and his media associates treat the nation like mushrooms. Keep us in the dark and feed us bullshit.

Why does debt matter?

There are two answers to this question – economic and political.

Source: Worst debt blow-out in the developed world refutes Coalition claims of economic competence – » The Australian Independent Media Network

Morrison and Frydenberg’s only economic success isn’t even true

There is less to Australia’s jobless situation than the Coalition and the craven mainstream media want us to believe, as Alan Austin reports. AT EVERY OPPORTUNITY RECENTLY, before, during and after delivering last week’s Budget, Treasurer Josh Frydenberg has bragged about Australia’s jobless. He has boasted that the unemployment rate is at a 50-year low, that a million new jobs were created late last year, that Australia leads advanced economies and that all this is due to effective Coalition policies. The hard, cold evidence refutes all these claims. Blatantly falsified figures

Source: Morrison and Frydenberg’s only economic success isn’t even true

Michael Savage’s PM greatness echoed in Anthony Albanese

Albanese, even if he never leads Australia, will leave a lasting legacy. His infrastructure will make the nation safer and more prosperous for the next century or longer. Savage will always be honoured for New Zealand’s visionary social security system and for his Government’s low rate of ministerial departures due to corruption, incompetence or scandal. Australia needs another Michael Joseph Savage, a reformist leader who can bring high values to the top job and transform the nation. And, importantly, win an election and stay in office.

Source: Michael Savage’s PM greatness echoed in Anthony Albanese

All-time worst economic outcomes under Morrison and Frydenberg hit 60

LNP ECONOMIC MANAGEMENT

The number of published results of the Coalition’s economic mismanagement which are the worst on record has now reached 60, as Alan Austin reports. NO PREVIOUS Australian government has delivered such low economic growth over a sustained period of years as the Morrison-Joyce Government. The mainstream media’s economics writers will not report this. But they should. This is yet another appalling all-time weakest statistic generated by the Coalition and starts this list of the next ten, which brings the grand total to 60. Yes, 60 – six-oh – outcomes which are the worst on record, or in a very long time, or have collapsed furthest on global tables. The first 50 have been published already, with links to the raw data.

Source: All-time worst economic outcomes under Morrison and Frydenberg hit 60

The choice is absolutely clear, but it’s not to vote Liberal – » The Australian Independent Media Network

MORRISON NEVER LIES! HOW DO WE KNOW?  HE SAID SO!

This meme lists fifteen items which purport to show the Liberals beating Labor. It is blatantly dishonest.

Federal ministers have posted it on their Facebook pages with the comment “The next election will be a choice – a choice about who can best manage our economy to ensure a stronger future. It’s a clear choice.”

Source: The choice is absolutely clear, but it’s not to vote Liberal – » The Australian Independent Media Network

Twelve more things revealing Australia’s poor economic management

There is plenty in last week’s quarterly national accounts that the Coalition Government does not want voters to discover, as Alan Austin reports. THE SHARE of Australia’s income going to workers is now at an all-time low. The big corporations are getting the highest share ever. These are two pretty important facts that the Morrison-Joyce Government and the mainstream media – who are all big corporations – want concealed. They are well-hidden in the extensive files published last Wednesday by the Bureau of Statistics. But they are there.

Source: Twelve more things revealing Australia’s poor economic management

Frydenberg’s gross incompetence finally hits mainstream media

After a humiliating defeat in the Senate, Treasurer Josh Frydenberg was described as ‘lighter than helium’ and having ‘no agenda’ by one staunchly pro-Coalition media outlet, as Alan Austin reports. ONE OF THE MOST sycophantic pro-Liberal Party newspapers, The Australian Financial Review (AFR), labelled Treasurer Josh Frydenberg ‘the dolt from Kooyong’ last Thursday, claiming his ‘humiliation is total’ and ‘his complete lack of political judgment has been exposed for all to see’.

Source: Frydenberg’s gross incompetence finally hits mainstream media

ABC’s Insiders doesn’t serve its viewers or the nation

Dominated by untrustworthy Murdoch agents

Over the year, guest journalists made 133 appearances on the 44 Insiders programs. If we count presenter David Speers, that is 177 contributions. Of these, 92 were current or former employees of Murdoch’s News Corporation, the most untruthful and discredited “news” organisation in the English-speaking world. That’s 52%. Another 32 journalists, or 18%, were from the pro-Coalition Nine Entertainment network. There is no need for the public broadcaster to engage employees of organisations with proven records of falsifying data, suppressing vital information and blatant political manipulation. Australia has many journalists with excellent credentials Insiders could have used.

Source: ABC’s Insiders doesn’t serve its viewers or the nation

Morrison Government sets more ‘worst ever’ economic records

Virtually every new data release confirms Australia’s economic demise under Prime Minister Morrison and Treasurer Frydenberg. Alan Austin updates the tally of disastrous outcomes.

INFRASTRUCTURE INVESTMENT IS at an all-time low. As is Australia’s net worth and its global ranking on economic growth. Tax-free corporate profits are at an all-time high.

 

Source: Morrison Government sets more ‘worst ever’ economic records

Australia’s post-COVID economic recovery lags behind comparable nations

It is not just Scott Morrison and his ministers disseminating dubious data. The head of at least one federal department is making factually questionable assertions of a political nature, writes Alan Austin.

Source: Australia’s post-COVID economic recovery lags behind comparable nations