>The federal government was the second-most popular source of blame for rate rises, with 44% blaming it, up from 31% in February 2023 and 38% in June 2023.
Blame can be attributed to Labor for the rate rises as they refused any policy proposals that would have kept inflation down. Though, the government isn’t the one doing the rate rises, them sitting on their hands made rising interest rates the only way to tackle runaway inflation.
Lmurf on
They were too busy worrying about stupid things early in their term like that ridiculous Voice fiasco.
GuyFromYr2095 on
Yes, the government is jacking up aggregate demand by increasing immigration and government spending to unsustainable levels. They are actively working against the RBA who is trying to tame inflation.
matthudsonau on
I mean, yeah, no shit. Interest rates are a poor way to tackle supply side driven inflation, but the government decided to let the RBA be the bad guys instead of doing literally anything
Robbielfc02 on
The government has pumped hundreds of billions of extra money into the economy. By doing so, it’s prolonged inflation.
“Oh, but they had two years of no deficit.” yea not because of them, but despite them. The price of minerals increased, which gave the government a shit load of money to hide the amount of money they pumped into the economy.
“Oh, but unemployment is low.” yea no shit, they are running a jobs program called the NDIS (1 in 3 jobs created the past year was for the NDIS).
WretchedMisteak on
Because this shit only happened in the last couple of years?
Impressive_Meat_3867 on
Yea the blame the last government (totally valid) starts to run dry after a few years. While there’s plenty of blame that can be directed elsewhere, they haven’t don’t anything meaningful to take the heat out of the rampant corporate profiteering and wealthy boomers spending up a storm which are causing inflation to stick.
7 Comments
>The federal government was the second-most popular source of blame for rate rises, with 44% blaming it, up from 31% in February 2023 and 38% in June 2023.
Blame can be attributed to Labor for the rate rises as they refused any policy proposals that would have kept inflation down. Though, the government isn’t the one doing the rate rises, them sitting on their hands made rising interest rates the only way to tackle runaway inflation.
They were too busy worrying about stupid things early in their term like that ridiculous Voice fiasco.
Yes, the government is jacking up aggregate demand by increasing immigration and government spending to unsustainable levels. They are actively working against the RBA who is trying to tame inflation.
I mean, yeah, no shit. Interest rates are a poor way to tackle supply side driven inflation, but the government decided to let the RBA be the bad guys instead of doing literally anything
The government has pumped hundreds of billions of extra money into the economy. By doing so, it’s prolonged inflation.
“Oh, but they had two years of no deficit.” yea not because of them, but despite them. The price of minerals increased, which gave the government a shit load of money to hide the amount of money they pumped into the economy.
“Oh, but unemployment is low.” yea no shit, they are running a jobs program called the NDIS (1 in 3 jobs created the past year was for the NDIS).
Because this shit only happened in the last couple of years?
Yea the blame the last government (totally valid) starts to run dry after a few years. While there’s plenty of blame that can be directed elsewhere, they haven’t don’t anything meaningful to take the heat out of the rampant corporate profiteering and wealthy boomers spending up a storm which are causing inflation to stick.