It's not 'Labour' but 'Labor'.The previous Coalition Government...

It's not 'Labour' but 'Labor'.

The previous Coalition Government was criticised at times by lefties for supposedly 'not doing enough during COVID-19'. Most economists believe it overspent but the then government believed it necessary at the time. Remember desperate cries from many out of work in suburbs like Cabramatta (Sydney) and Tarneit (Melbourne) for more financial help such as an extension of JobKeeper that the then government agreed to?

The Federal Labor Government has been in office for nine months but instead of substantially reducing government spending given COVID-19 has retreated, it's increasing the dominance of unions, including in the private sector, despite the latter only representing 11-13 per cent of Australians of working age.

This may lead to a wage-price spiral, further entrenching inflation. Meanwhile the 'boy Treasurer' Mr Chalmers pretends that the era of high inflation is ending (inflation has peaked). Hmmm!

The Federal Government is also blaming the RBA Governor for economic ills when he's part of a Board (of nine IIRC). The RBA deals with monetary policy, not fiscal. Time for the government to make some robust decisions even though most of us do not enjoy taking medicine.

Labor is making noises about increasing taxation, and despite having promoted superannuation as the way for workers to have sufficient funding for retirement, it's got greedy government paws out for that as well. Read some media from recent days.

Unfortunately this is all relevant to LAU even though one hopes that the nature of many goods it carries (safely and reliably) will insulate it to a degree.