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A Hole Comments

Economy of Interest

Economy of Interest

Friday 19 June, 2015
A Hole, Australia’s leading social commentator, believes that effective management of the economy is becoming an unacceptable political liability.
The story starts here...

A Hole Comments on FridayMash

I am desperately worried that no-one seems to give a rat’s arse about the economy let alone taking responsibility for curing our endemic deficit disease.

Tony and Joe seem to have somehow decided that saving their own jobs is of infinitely more benefit to Australia than saving the economy.

They are ignoring the crying need for reforms to the GST, negative gearing, superannuation, personal and corporate tax, the digital economy, pensions and for the Treasury and the Department of the Prime Minister to become as effective at managing the economy as they are at creating apoplectic moral outrage.

Labor believes that stuffing Tony Abbott in every possible way is of infinitely more benefit to the country than agreeing to his budget reform programme.

They have prevented the passage of billions of dollars of budget savings, some of which they’d previously proposed themselves and have then berated the government for failing to make savings in the budget.

Having had conspicuous success in their last term of government in running up a deficit so large that the Coalition haven’t been able to eliminate it Labor seem determined to reclaim government in order to establish deficit as a permanent feature of budget planning.

The Greens believe that reducing the deficit is a dangerous distraction from reducing carbon emissions.

Their longer-term economic policy essentially focuses on the absolute priority of reducing carbon emissions through business and road closures. Economic growth would presumably be generated from the creation of phantom green jobs based on the AWU membership model.

The unions have always seen budget surpluses as an indication of a failure on their part to gain sufficiently large pay awards. They’ve got about as much interest in taking a responsible approach to the economy as Clive has in promoting the political career of the Brick With Eyes.

Jacqui Lambie is only interested in the Tasmanian economy, Ricky Muir is only interested in the automotive economy and Dio Wang is only interested in the Palmer economy.

As far as I can see BHP and Rio Tinto are the only players single-mindedly trying to drive the economy forward and it therefore comes as no surprise that there have been calls for their business strategies to be the subject of an inquiry.

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About this Series
As one of Australia’s leading social commentators A Hole is always conscious of the need to avoid making an arse of himself. His commentaries are frequently compared to the material on the walls of public toilets although they don’t remain in the public consciousness anything like as long.

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