Friday’s (2 August) Australian Bureau of Statistics (ABS) retail sales figures confirm Australia is enduring its worst retail trade period on record.
Why? Because Australian citizens no longer have the discretionary spending power they have long enjoyed. That this is happening during an extraordinary worldwide boom in investment, jobs, growth and profits is a damning indictment of the Morrison Government’s economic management. Another one.
How can the ALP regain control of the message proven by the facts since GFC? (ODT)
The Liberal Party, its ideological ally the IPA and Rupert Murdoch’s News Corp have done a remarkable job of pushing the false narrative of superior Liberal economic management. The Labor Party has invited submissions to its 2019 campaign review. Alan Austin, offers a solution.
THE ECONOMY decides federal elections. Or, to be accurate, perceptions of the economy decide federal elections.
The truth about Labor’s economic management
An impressive global consensus exists that Australia’s Rudd and Gillard Governments generated the best-performed economy the world had ever seen More than 130 economists, other academics and global leaders are on the record affirming Australia handled the global financial crisis (GFC) better than any other administration.
That list includes the 66 who signed an open letter in August 2010 supporting Kevin Rudd’s stimulus program. It does not include finance ministers around the world who in 2011 voted Wayne Swan the world’s best treasurer.
Why voters believe the opposite
As argued elsewhere, three powerful organisations systematically falsify the record on Australia’s economy and have been remarkably successful in duping voters. These are the Liberal Party, the Institute of Public Affairs and Rupert Murdoch’s News Corporation. There are others, but none with the resources and reach of these three.
The Coalition would not have won the 2016 election if voters knew Australia’s economy had deteriorated from world’s best to ranking ninth in the world. They would not have been returned in May if voters knew the economy is now outside the world’s top twenty.
Morrison seems to be on a different page to the experts. In 6 years the managed to double our debt that took almost a Century to build. (ODT)
Economic truth the LNP don’t want you to know and Trump hides wit the help of Murdoch. Our current economic reality and comparitive standing in the world today. Just over 5years ago Wayne Swann and Julia Gillard had us place 2nd today the the Abbott/Turnbull/Morrison Government has us 20th telling us how ‘grear‘ that is and all Australians have benefited from their boom time.(ODT)
The Turnbull government has hoovered up more than $2 billion in inactive superannuation accounts and claimed the revenue as its own, saying it does not trust the superannuation industry to reunite the accounts of millions of Australian workers.