Posts Tagged ‘response’

Judging by current polling and Labours pitiful efforts to be re-elected, it’s a fair assumption that Tony Abbott will be Australia’s next prime minister.
Marry this assumption with the recognised possibility that we are about to face a GFC 2.
My question is therefore this. What measures will Tony take to prevent Australia sliding into the brown smelly stuff?

Clearly the targeted stimulus spending is out of the question.  These measures were, after all, opposed last time.
Perhaps the solution will be similar to the U.S. response, throw cash at big business and see if any crumbs trickle down. We all know how well that worked for them.

The problem for Tony would be essentially this. Australia’s response to the first GFC was timely and correct. Stimulus spending continues because the world financial system is still stuffed. But to acknowledge this gives Labour credibility. Hence the focus on how much has and still is being spent rather than what was and still needs to be avoided. Of course Labour¬† has failed miserably to tackle their explanation of what happened, what could have been and still might happen.

So, will all stimulus be withdrawn should the Liberal party win the election? If not, why not? After all, according to them it’s all a massive waste of money.
Or will the stimulus continue as is required, which beggars an explanation.
What we are all witnessing is typical politics, scare the hell out of people who are essentially clueless and decry a policy you know is right in order to get elected.

There are many reasons why Labour deserve to lose, but this is not one of them. I myself look forward to the massive policy backflip and ensuing explanation after the election.
My guess is that the money will still be spent, but targeted towards more Liberal friendly areas. Given that they clearly are not public infrastructure, schools or energy efficiency improvements, I wonder just what they might be.