Why does anyone think the Labour party would be any worse that the Coalition at managing the economy?

Question

For a start, none of them are qualified economists, interest rates are set independently by the reserve bank, and the dollar's value is determined by the market.

The Labour team knows as much about managing the economy as the Coalition did when they got into power. The difference is, the Government is currently being irresponsible with OUR money by trying to buy our vote. Giving exorbitant tax cuts will only fuel inflation and minimise the funds available for important areas the Government has neglected, such as Health and Education.

And lets not forget that it was a Labour government that initiated the changes to economic policy that have brought down interest rates, held off inflation and increased the value of the dollar.

Australians need to stop listening to the Government's political rhetoric and analyse the facts for themselves. If people do this, and do not fall into the Government's "fear of change" campaign, I think they are likely to see a need for new Leadership.

Answer 1

Sadly too many people are way TOO lazy to analyse anything about the Election.

You' correct in saying that all have the same aptitude. Gee, how good is the current Govt in working out the Budget when they keep coming up with these massive, out of the blue, surpluses?

Great money managers! Wish I was so good at finding squillions of dollars that I'd forgotten about.

Anyone old enough will recall Johnnies abysmal record as Treasurer in the previous Liberal Government. He's a real champ isn't he!!

Answer 2

BNP is worse by far. It is obvious, would you rather live in a country that has a rich and varied work force from all over the world and a world leading economy under Labour. Alternatively you could like in a chav infested island ran by people who cannot see any further than the end of their own nose. It really is a no brainer. It is not good to say "i'm going to punish labour for not doing what i want by voting BNP" because you may just get what you wish for and than we will see how proud you are to be British.

Answer 3

there's a Lot more involved in our economy that managing JUST the money side of things ...

How well will the economy run IF the issue with climate isn't addressed and if the crisis of water isn't dealt with....

now I guess some people can't see the connection ....after all ALL they think is required is playing with the $$$$'s

ok well consider the industries that rely on water .. farming,(both livestock/grain/textiles) manufacturing,even the landscape gardening area.. and so many many many more .. consider the problems that will occur... if we don't have a long term water plan...consider rising costs... consider unemployment, as a result of industries collapsing .. it will BE MASSIVE...

THEN consider the issue of climate change .. areas that were once arable will not be any more .. areas that had short summers will have longer summers and THAT will have a bearing on crops, some crops require a crisp winter's snap before spring and they will not be able to be grown again ...

so all the while .. labor has a bad reputation for being fiscally sound ... you HAVE to consider things that the Liberals HAVE FAILED to address .. that WILL have massive bearings on our economy....

Answer 4

I agree with all the above. What really goads me is that the lib's have underestimated the surplus year in and year out.

Where do you think this money comes from. They tell us that a lot of it is due to the economic boom. Yeah right!

My cost of living has absolutely boomed, and every time the prices of everything go up, so does the governments GST and other tax take.

The insult is that they offer us what they call Tax Cuts, but this is money that they originally over taxed us, and then they expect us to bow down and be greatful for for something we already paid for.

Sorry, you don't buy my vote that way. I prefer services to be modernised and better funded, not allowing them to be downgraded and being left with a basket case for infrastructure.

Answer 5

The economic boom is due more to the growth of Chinese and Indian economies then to the performance of the current government. The role of the government is limited to not upsetting the current trend. There is, however, the element of shortsightedness in not securing our long term prosperity after the minerals based export boom is over. There is no investment in knowledge base of the nation, the education is not a priority, the hi-tech industries are not promoted. I fear for the future.

Answer 6

As you all well know. Howard operates on the fear factor. A great deal of people are below the poverty line and are looking for hope, any hope. Along comes John and promises the World with Mars thrown in for good measure. There are a lot of elderly people out there that believe this rubbish and vote him back in. If he says "Don't trust the Labor Party" 99% of them won't. Not to worry though. I watched 'Sunday' this morning on Nine. There a great deal of people in QLD ,who will not be voting for Mr. Sheen this time.

Answer 7

Interesting concept howefer check your facts around the 2 billion dollar debt labour left last time. Check into the 18% interest rates, check into the skills and qulaification of the "Labour Team" The government may dictate policy but public servants implement it. I have a mortgage and a job and I don't especially like John Howard but Kevin Rudd is scarey and Wayne Swann is just plain freaky

Answer 8

i think the way the labor state governments are already in debt and cant keep any departments to run within budget is a testimonial to the incompetence of thier money handling.
tax cuts are a perfect way to takemoney from the well to do and distribute it to the not so well off.labor states have continually taxed people with service and charges on all utilities .i suppose history shows that labor seems to spend the booty that is accumilated then runs a debt .

Answer 9

I agree with KayP, the ALP are just as good, or even better at managing the economy as the Liberal/National Coalition.

*** Just a hint *** the world "Labour" in the name "Australian Labor Party" is spelt the American way, not the British English way. I do not know why, but it is.

Answer 10

Yes people seem to forget much as they didn't like Paul Keating it was his economic practices that set Australia well and truly on the road to prosperity.