2007-11-23 23:48:08 · 5 answers · asked by evan e 3 in Politics & Government ➔ Government
Well, the Liberal's approach to economic management has always been to do nothing and trust the market, regardless of its direction. Labor on the other hand has a history of ballsy, painful but ultimately successful economic reforms to protect the economy.
Currently the economy is ok but we are heading into economic vulnerability because of climate change and private debt. Where the Libs were committed to doing nothing (except protect the resources industry) I would expect Labor to reform the economy so we would rely less on exporting resources and more on producing carbon-neutral energy.
As for private debt, I would expect the govt to stop forcing businesses to compete pointlessly over infrastructure projects and just fund more stuff themselves - for example, helping Telstra upgrade our broadband instead of forcing Optus to build another low-quality rival network. It would damage the Lib's prized govt surplus but it ultimately means nothing anyway.
I guess I'd summarise by saying that if we ran into trouble Labor would intervene to protect the economy, whereas the Libs just fiddle to protect profits. But as things are going well now I'd expect no real difference.
2007-11-30 18:28:19 · answer #1 · answered by splurkles 3 · 0⤊ 0⤋
Spend all the money the Liberals have managed to save and then spend more and put us into debt so when the rest of the world's economies are going down we will not be able to grow like we have under the Liberals and we will be right back where we started 12 - 13 years ago under Keating having the recession we need to have I wonder how many people will lose their homes then and what do you think unemployment figures will be then , MMMMMMMMM No the difference the labor govt will do will be for the worst
2007-11-24 08:16:07 · answer #2 · answered by wake up 2 · 3⤊ 2⤋
basically in short they will offer these major tax breaks that sound great, however that is a dual edged sword it will increase inflation rate causing the reseve bank to raise the interest rates to huge levels and then they will hand the power to the liberals again to fix it until they next want to mees our economy up.
2007-11-24 10:01:34 · answer #3 · answered by whay i lost my ?s 6 · 3⤊ 2⤋
They will stuff it up as usual. But do not worry, Peter Costello is still young and energetic and he will fix it up when Labor is out!
2007-12-01 05:06:46 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Mortgage is locked in for the next three years.....................
I deadset hope no one
has to suffer the 15.9 interest rates we paid during a labour squander of power!
2007-11-24 08:15:33 · answer #5 · answered by renclrk 7 · 2⤊ 2⤋