Labor’s recession we didn’t have to have

Cost of living crisis is worse than headline inflation suggests [Depositphotos: stokkete]

Federal spending is set to increase to its highest level since the mid-1980s, pandemic spending aside, at 26.6 per cent of GDP. The states and previous governments share some of the blame, but Labor’s federal fiscal strategy is prolonging the cost-of-living crisis with no relief in sight.

Terry Barnes had this to say in the Morning Double Shot newsletter:

Michael de Percy makes a very true point about the Albanese government. It is the fiscally profligate and socially radical descendant of the Whitlam government, not the economically reformist and socially moderate Hawke-Keating Labor regime. The polls are encouraging for the Coalition, but not yet good enough to get them over the line. What will happen if we have a minority Labor government propped up by the extremist Greens and zealot Teals? We shudder to think.

My latest in The Spectator Australia, Labor’s recession we didn’t have to have.