We are all, on common, about 3% poorer yearly below the Morrison Government. Founder and writer Dave Donovan debunks the “Coalition are better economic managers” concept.
AUSTRALIA’S MAINSTREAM MEDIA has been echoing the Government’s line that the economic system is in nice form.
‘It won’t be simple below Albanese’ is the new slogan. Last election, they’d Shorten is ‘The Bill Australia can’t afford’. And the mainline media are dutifully making an attempt to catch Albanese out with gotcha questions, every extra irrelevant than the final.
In truth, the economic system is in horrible form and getting worse by the day. Sure, ask Anthony Albanese about what the RBA money charge is – one thing Scott Morrison additionally received unsuitable, by the best way – however why not additionally ask questions on particulars that matter? As a former banker, I can guarantee you, the RBA money charge is basically ignored by the banks.
What about asking Morrison what the inflation charge is? That is one thing way more essential to the lives of most Australians.
It is now 5.17%.
In the March quarter alone, it rose 2.1%. Since June 2020, it has risen 5.4%.
It is skyrocketing below this Government.
WAGE GROWTH PLUMMETS
Wage progress is often higher than inflation, that means persons are, on common turning into higher off as their cash is shopping for extra. It often runs at between 2.5% to 4.5%, and that was definitely the case below the earlier Labor governments of Rudd and Gillard.
Under the Coalition, in energy since 2013, wage progress has been stagnant and trending down. It now sits at 2.3%.
…BUT NOT FOR SOME
Not for individuals like Morrison or the CEOs, although. Corporate earnings are booming and our Prime Minister is among the many 5 best-paid leaders on the planet.
What it means for the common individual − individuals such as you and me − is that we’re all, on common, about 3% poorer yearly below this Government.
Which provides a way of irony to the Coalition’s ‘won’t be easy under Albanese’ pitch. The actual worth of our cash is diminishing by 3% yearly below the Coalition, wages are stagnant and increasingly more persons are in insecure jobs on a regular basis.
Housing costs are absurd. The unemployment charge is seemingly low, however what about underemployment? Perhaps Scott Morrison might be requested why the Australian Bureau of Statistics information individuals as employed once they solely work one hour every week? Ask him what the charge of underemployment is in our nation.
But Morrison in all probability gained’t be requested these questions. Perhaps as a result of the press pack don’t wish to place Morrison below stress, or presumably as a result of they don’t perceive fundamental economics. Or perhaps a bit of of column A and a bit of of column B.
And so as an alternative we hear Albanese get requested concerning the dot factors on web page 47 of the ALP coverage manifesto. And hear weeks of commentary from hair merchandise connected to our bodies about Albanese’s “gaffe”.
What to do about Australia’s weak and subverted Fourth Estate? I’ve some concepts, which appeared to ring a bell with individuals once I wrote about them on Twitter over the weekend. You can learn extra right here.
I’d say the perfect factor we might do is vote this Government out on 21 May. Because maybe issues gained’t be simple below Albanese, however they couldn’t presumably be as diabolically unhealthy as they’re below Scott Morrison, the greasy.
And they definitely gained’t be as sleazy.
Keep up with IA founder David G Donovan’s common column on Tuesday morning every week. You can comply with Dave on Twitter @davrosz. Also, comply with Independent Australia on Twitter @independentaus, on Facebook HERE and Instagram HERE.
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