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- Mar 16, 2002
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By all reports albo has made the process harder for the RBA
What specific policies have made it more harder for the RBA?
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By all reports albo has made the process harder for the RBA
there's been no downward pressure in interest rates yet
we've had almost 3 years of labor shrugging regarding helping people doing it tough
people renting won't get any relief from interest rates going down, rent isn't going to magically go down if rates do start dropping
the price increases on groceries and everything else also won't magically go down now that inflation is lower
in real terms wages are worse now than they were four years ago
people's buying power is down
I don't care how hard Chalmers pats himself on the back, living conditions are worse after 3 years of labor and they did nothing to help people with that
that is what people will vote on
Tax cuts didn't helpthere's been no downward pressure in interest rates yet
we've had almost 3 years of labor shrugging regarding helping people doing it tough
people renting won't get any relief from interest rates going down, rent isn't going to magically go down if rates do start dropping
the price increases on groceries and everything else also won't magically go down now that inflation is lower
in real terms wages are worse now than they were four years ago
people's buying power is down
I don't care how hard Chalmers pats himself on the back, living conditions are worse after 3 years of labor and they did nothing to help people with that
that is what people will vote on
Raising all welfare payments to the poverty lineOk what policies are you implementing?
"All reports" ?I wouldn’t be giving albo credit for what the RBA have done
By all reports albo has made the process harder for the RBA
Correctthere's been no downward pressure in interest rates yet
we've had almost 3 years of labor shrugging regarding helping people doing it tough
people renting won't get any relief from interest rates going down, rent isn't going to magically go down if rates do start dropping
the price increases on groceries and everything else also won't magically go down now that inflation is lower
in real terms wages are worse now than they were four years ago
people's buying power is down
I don't care how hard Chalmers pats himself on the back, living conditions are worse after 3 years of labor and they did nothing to help people with that
that is what people will vote on
Like the economist who forecast 6 out of the last 2 recessions I guess.i think you lose a fair bit of credibility if you call it, and it doesn't happen. Thats the risk ya take, i guess.
I dont want to shit on your hopes and dreams, i just want to sprinkle some realistic sprinkles on it lol.
But what is he actually doing to bring inflation down? He's no more responsible for the decrease than he was for the initial increase (despite the LNP trying to pin it on the government).I would have thought bringing inflation down is the single most effective way of helping the cost of living… and putting downward pressure on interest rates, whilst keeping people on as many jobs as possible.
So you need to work with the opposition and independents to get these things through parliament.Raising all welfare payments to the poverty line
abolishing mutual obligations
abolishing work for the dole
funding the buyback of housing for public use, not future bulids or public private partnerships for so called affordable of social housing
abolishing negative gearing
I'd be working with the states on rental caps, removing no fault evictions, smashing air bnb where its using long term housing stock instead of stuff for purpose
my list is pretty long though and this is only a few things
its also kind of irrelevant as I'm not the government who is sitting there doing nothing and whether i have a list or not doesn't change that they've largely done nothing material to help people
But what is he actually doing to bring inflation down? He's no more responsible for the decrease than he was for the initial increase (despite the LNP trying to pin it on the government).
The main lever that the government can pull to slow inflation (reducing spending) hasn't happened.
I don't disagree with that. My point was the government haven't actually taken any measures to counter inflation, which is fine, just don't try and take credit for it.While the last sentence is true, austerity has never worked either and also punishes the poorest among us.
The Greens would support the bulk (if not all) of these measures.So you need to work with the opposition and independents to get these things through parliament.
How many of these of you think Dutton and Co would vote for?
Remembering that they have basically voted no to anything helping the everyday person.
The main lever that the government can pull to slow inflation (reducing spending) hasn't happened.
There is a strong argument that government spending has very little effect on inflation.
And it’s the price of oil and private banks lending that drives it.
What it would do is cause job losses. The RBA wants to see job losses as much as wants to see inflation drop.The impact may be small, but a cut in spending would have a counter-inflationary impact of some description (there is no way it would be inflationary).
Though the clip you provided also supports my initial position that the government can't take any of the credit for bringing inflation down (nor were they responsible for it rising in the first place).
Ok what policies are you implementing?
What specific policies have made it more harder for the RBA?
Crazy government spending assisting in keeping inflation higher for longer.
Tony Burke pushing through workplace reform causing wage growth that again puts upwards pressure on inflation.
Both of these things (from their own words mind you) have put pressure on the RBA to maintain a higher OCR for longer.
You can argue the above has its positive merits, but it still has added to the pressure on the RBA.
I wouldn't be throwing out the line that Albo has lowered inflation. Because really, he hasn't done shit. It's been the RBA.
Being something good is fine, just don't p*ss down our backs and tell us it's raining.So doing nothing bad
And doing some good is also bad
Being something good is fine, just don't p*ss down our backs and tell us it's raining.
Inflation is slowing because of global macro-factors, not because the ALP have been awesome in dealing with it.
He does acknowledge it, again you shifting the goalposts, what your implying effectively is " He's not doing what will fix it so he may as well say it's fixed because he isn't taking it seriously" I agree what needs to be done but we both know the blowback of actually doing it and Albo doesn't have the courage to do it in this term clearly. If he wins the election with a minority government maybe than he will feel emboldened to do some real progressive stuff knowing he has more opinions putting pressure on him if he doesn't. This the problem with Majority government sometimes.He brags about inflation being lower, but doesn't acknowledge how tough people are doing it, or what he's going to do to fix it. Ignoring the problem while saying you got inflation down sounds much more like "I've fixed it" than "We're going to fix it"
So doing nothing bad
And doing some good is also bad
If he's not proposing a solution, then he clearly doesn't understand the problem is still in a critical and acute period. Until real wages and disposable income are back up, the ALP will be responsible.He does acknowledge it, again you shifting the goalposts, what your implying effectively is " He's not doing what will fix it so he may as well say it's fixed because he isn't taking it seriously" I agree what needs to be done but we both know the blowback of actually doing it and Albo doesn't have the courage to do it in this term clearly. If he wins the election with a minority government maybe than he will feel emboldened to do some real progressive stuff knowing he has more opinions putting pressure on him if he doesn't. This the problem with Majority government sometimes.
Because the RBA has been consistently wrong about the cause of inflation in this case. They're so focused on Govt spending and wages that they practically ignored the real cause, which is corporate monopolistic profiteering. In articular gas and oil companies.sometimes doing something good at the wrong time can be bad.
From the RBA's own mouth Labor has made it harder to reign in inflation.
I'm not arguing whether Albo's policies are good or bad, I'm just telling you he didn't help bring inflation down, based on what the RBA is saying.
Albo claiming credit for Inflation coming down is disingenuous. You can't claim the RBA is independent when rates go up but then take the credit when it comes down...
What needs to be argued is whilst things aren't great they would be worse under Dutton if he was in the same position. The lesser of two evils and yes people won't like that sort of rhetoric it's reality. Do you want to pay 50 bucks extra for everything or 150? These are the sorts of scenarios they need to run with because unfortunately it's their only real hope of getting re elected. Saying what they have done or doing won't workthere's been no downward pressure in interest rates yet
we've had almost 3 years of labor shrugging regarding helping people doing it tough
people renting won't get any relief from interest rates going down, rent isn't going to magically go down if rates do start dropping
the price increases on groceries and everything else also won't magically go down now that inflation is lower
in real terms wages are worse now than they were four years ago
people's buying power is down
I don't care how hard Chalmers pats himself on the back, living conditions are worse after 3 years of labor and they did nothing to help people with that
that is what people will vote on