And the Libs are supposed to be the genius economic managers. Aside from the $13 Billion Jobkeeper payments sent to rich people that the article mentions, there was that over estimation of $60 Billion of the JobKeeper program, $1.8 Billion in settlement in the Robodept fiasco, as well as all the hundreds of millions spent in various rorts.
Their economic record is a myth. The article below was written before anyone knew about COVID, and mentions, among others, these gems:
Outside the budget context, the Coalition government has shown poor economic management in critical areas.
- Over $20 billion will have to be written off the NBN for it to have a viable and modern future. The Coalition’s performance in the NBN debacle must rank as the most wasteful infrastructure project in our history.
- Barnaby Joyce’s inland rail will need a substantial capital write-down because its operations are unlikely to be economic.
- The opening and closure of Christmas Island at a cost of $185 million does not suggest a government that is good at business management. It was all political posturing at the expense of the taxpayer.
- The Coalition has committed $50 billion plus, for the twelve French submarines to be built in Adelaide. We could have bought modern submarines off the shelf that would be much cheaper and would be delivered much earlier. For a 300 per cent effective rate of protection for the French submarines, we will have an increase of less than 2,000 employees. The motor vehicle industry, which the government forced to shut down had a rate of protection of less than 8 per cent and employed 200,000 people. What a price we are paying for Christopher Pyne. One thing that is certain is that this submarine project will leave major budgetary headaches for Australia in the years ahead. None of this sounds like good business management.
Anyone who votes for the Libs thinking they're better at managing the economy better think again.
www.michaelwest.com.au