The annual budget season seems to have become a time for nonsense.
I suppose that’s politics, and to some extent we should ignore it all – after all, they are just ‘playing the game’ – but there’s one bit of budget nonsense that is really annoying me, it is the line that goes:
‘this budget is good for retailers, and also creates additional space for the RBA to cut rates.’
The only budget measure that might do that is supply side reform, and that’s not what we got.
May 6 — Julia Gillard
“This payment will be good for our economy as well because it will help . . . the retail sector,” Ms Gillard said.
May 8 — Wayne Swan
“Surpluses that provide a buffer against global uncertainty, and continue to give the Reserve Bank room to cut interest rates for families like it did just last week”
The disrespect for the average person that the blatant double-talk implies is staggering. They treat us like we are all have gold-fish brains…