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The government has been lying about the strength of the economy – its lack of policy is hurting us

1 154 0
23.06.2019

You would hope by now that the government is ready to face up to reality. I know this might be a rather optimistic anticipation on my part, but surely the treasurer and his predecessor and now prime minister, realise they have a problem with the economy?

One of the more amusing things this week was the government and their conservative cheerleaders try to suggest ALP backbencher Anne Aly saying on Sky News she was after more information about the Liberal Party’s proposed tax cuts because “what about the fact that our economy is now in a recession, or it looks like it is going into a recession?”

The Australian in its cute partisan manner described it as a “car crash” interview, and the finance minister Matthias Cormann suggested it was “recklessly irresponsible and wrong and they show that Labor has learnt absolutely nothing from the recent election outcome”.

Actually they are neither of those things at all.

As Aly then continued to say in her interview “it’s very obvious that the economy is not doing as well as the government would have believe. You have figures out of the RBA, you’ve got the interest rate coming down again.”

And it seems the only ones who do not find that obvious are the members of the government – mostly because they spent the entirety of the election campaign lying about the strength of the economy’s fundamentals.

This week the yield (or interest rate) for Australian........

© The Guardian