What if Labor got in?

I don't disagree with anything you've said, but I want to add that I don't think that "constant sad face" was disingenuous at all and that in the face of those tragedies, it's much better to have a humane person in charge than a "strong man" like a Putin, Trump, Erdogan, etc.

She's easily my favourite world leader at the moment.

 

Myself I think if the lockdowns last longer as I think they will and as economics attract more rapid scaremongering than governments borrowing then as national debt may be high and the cost but what matters is servicing that debt ..
I don't even want to think about if Labor was in power and how from experience they are xxxxing useless at managing such colossal debts as it would burden Australian society for decades to come..

 

Surely you aren't that daft.



Labor hasn't been in power since 2010

 

Absolutely. The world would be a much better place with more empathetic leaders. You've got to admit however, that she does somewhat look the part. I can't imagine Putin or Trump looking as appropriate for the cameras even if they share the sentiment.

About a week ago ScoMo & Josh were announcing the unemployment results. Their words were full of remorse. They repeatedly stated how terrible the results are and the challenges people are facing.

I also got the feeling that behind closed doors they were saying, "Damn, that was a much better result than we could have hoped for!"

 

Labor...Liberal....Nationals....One Nation.................................It does not matter.

 

Yet the Coalition still talks about the debt they were left by Labor!

It'll be interesting to see how the debt changes this year, which is a somewhat similar event to the GFC that Labor had to contend with.

 

We were sheltered from the GFC due to our bonds being sought after.

Alot more unemployment this time round.

I see debt hitting 50% of GDP.

 

With GDP dropping and debt increasing, I think this would actually be a favourable outcome!

 

Maybe I am,but this pandemic will not hurt everyone equally as so.many.companies are cancelling dividends and begging the government for assistance..

We will just have to wait and see as everyone I talk too has a different opinion on the outcome myself I don't give a stuff what happens happens .

 

To be fair to me i didn’t start the thread to discuss politics. It was for discussion on how people believe the proposed changes of labor would have stood up during and after Covid.

I mean we are on a property forum in the economics section!

 

Speculation along those lines is a little pointless. Would you have expected the libs to spend so much on social welfare? The proposed changes by Labor would have been unlikely to get through the senate, and who knows what the watered down version would look like. Then there is the question on what they would have done in response to Covid. Not really possible to even speculate on that one!

politics and economics are intrinsically intertwined...

 

According to the Libs, if Labor had got in and abolished NG rents would have escalated and with all my properties paid off I'd be much better off (do I believe this, no). Still foregoing all those thousands is worth it for never hearing about 'debt and deficit disaster' ever again.

 

The entire economics section of this forum is speculation.

 

well, there is strategy to deal with what has actually been announced, but yeah.

Cheers,
Inertia.

 

More demand for labor = higher wages.

No?

 

More workers than jobs = depressed wages.

No?

 

But! There's more jobs and not enough people to do them.

More immigration ... more spending.... more housing needed......more jobs!

 

Thank Labor for all the conditions workers enjoy.

The Libs want to crush the working class. They attack the unions so that workers become easier prey.

 

Didn't the ABS record a 9% drop (or more) in hours worked recently? How does this translate to more jobs and not enough people?

 

That doesn't include all the cashies.

The black economy is reported to be as high as $50 billion!