The election is rapidly drawing to its conclusion, and one issue seems to have survived the rather turgid media cycles.
The Labor Finance spokesman (and his colleagues) seems to have become very confused about the current state of national finances – enthusiastically enhanced by dubiously qualified TV presenters.
One – the current increase in the inflation rate is not that disastrous when compared to the ‘Recession we had to have!’ of Paul Keating when, if you were very lucky, you paid 18% plus for mortgages and loans.
Two – the freight costs from everywhere was almost exclusively caused by the effects of the Pandemic on production, transport to ports, freight to Australia and included overseas fuel costs skyrocketing caused by major policy mistakes by the US Government last year. Plus other oil producers (eg Russia) taking advantage of the poor policies imposed in the war crisis.
Three – the massive amounts of money spent by our Federal Government, exacerbated by some questionable policy decisions by (Labor) States and the Federal Government to try and keep the economy functioning to some degree.
Almost all the above (and more) were completely outside the control of our Federal Government, regardless of Party.
This serious lack of insight about how real political issues arise clearly shows that MR Chalmers grasp of matters financial pose a very serious problem for us all.
David Stevens,
Park Ridge.
PS – I have never been a member of any Australian political party, and I vote “1” for the integrity of each candidate at every election!
