Australia records weakest annual growth in years, ASX falls. Well done Labor, page-15

  1. 908 Posts.
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    Koukoulas is a Labor shill and a communist, he wants to get rid of the RBA and force rates to 1% again just to virtue signal. Absolute tool. Worst thing Labor did was scapegoat the RBA last year and get rid of Philip Lowe and artificially keep rates lower than other developed countries. If rates were above 5% the RBA could easily consider lowering rates again, but now it's between a rock and hard place.

    Small business is being smashed by red tape and net zero costs. in 2006 40% of GDP was from small family business and now it's just 33% and most are struggling due to high costs and tons of beurocracy.
    Instead of working toward real growth Labor imports a million people to try and boost GDP and increasing public servants to unsustainable levels. High costs and zero real output. Government-aligned industries have accounted for more than 80% of the job growth Labor loves to brag about. But these areas are not known for their high productivity which means tons of capital is being directed to areas that will not boost productivity but Labor doesnt care, what they want is people who vote for them. People vote for them if they think LNP would cut public servants and they lose their job.

    High immigration has caused a housing crisis crushing the lower class and working class. Pushing up service costs.

    And what does Labor do? Attack big business calling for inquiries into supermarkets, banks, and others. Greens wants to shut down our most lucrative sectors and increasing taxes by wide margins on whatever is left.
    Last edited by Milcom: 04/09/24
 
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