Blogotariat

Oz Blog News Commentary
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Tuesday, May 31, 2022 - 20:39

The Victorian Labor government has done some fantastic work, but principles have to count for something.

Just for the record, I canceled my membership to the Victorian Labor Party on the 13th May.

Those of you who know me well will know that this hasn’t been a decision I’ve taken lightly, however under the circumstances, it’s a decision that was easy to make.

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Peter Martin Wednesday, May 25, 2022 - 13:45 Source

Stand by for something “reckless and dangerous”.

That’s what former prime minister Scott Morrison said Prime Minister Anthony Albanese would be if he asked the Fair Work Commission to grant a wage rise big enough to cover inflation. It would make Albanese a “loose unit” on the economy.

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oecomuse Friday, May 20, 2022 - 22:43 Source

You may find this hard to believe, but the 2016 federal election campaign was a full fortnight longer than this one. I remember journalists from the campaign bus complaining afterwards that Malcolm Turnbull was moribund and lazy, booking a single daily event.

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Peter Martin Wednesday, May 4, 2022 - 12:30 Source

One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself.

“A further rise in inflation is expected in the near term,” the RBA says, “but as supply-side disruptions are resolved, inflation is expected to decline back towards the target range of 2-3%.

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Peter Martin Wednesday, April 27, 2022 - 12:25 Source

There are four economic wildcards between now and the election, and we know exactly when each will be played.

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Peter Martin Wednesday, April 20, 2022 - 12:16 Source

This election will be won by the Coalition and Prime Minister Scott Morrison if the economic models perform as expected – and they usually do.

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oecomuse Wednesday, April 13, 2022 - 23:10 Source

Yes hello long time blogger, first time in almost two years post. In late 2020 my life (and writing) became consumed by completing a doctorate, which was eventually conferred in September 2021. I even popped on a floppy hat in December last year.

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Peter Martin Monday, April 11, 2022 - 21:05 Source

Offered a menu of issues to choose from as the most important in the May 21 election, Australia’s top economists have overwhelmingly zeroed in on one.

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Peter Martin Wednesday, April 6, 2022 - 21:01 Source

One of the strangest, certainly one of the hardest to justify, measures in last week’s budget was called “supporting retirees”.

A better title would have been “supercharging the wealth of those retirees who already have more than enough to live on”.

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Peter Martin Tuesday, March 29, 2022 - 20:53 Source

Wes Mountain/The Conversation, CC BY-ND

So good, and so unexpected, has been Australia’s economic improvement over the past three months, it has wiped one-third of the projected 2022-23 budget deficit.
Or it would have, had the government not decided to give away almost half (45%) the windfall.

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WixxyLeaks Friday, March 25, 2022 - 19:53 Source

Labor’s Senate leadership under attack from within as three leading Senator’s are smeared in the ugliest factional fight to date from a repeat offending sub-faction of the Victorian Right. So what’s it all about and who’s involved?

Another Labor factional shitfight. What’s new eh?

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Peter Martin Thursday, March 24, 2022 - 18:25 Source

Overwhelmingly, Australia’s top economists would rather the budget funds measures to cut carbon emissions than cuts income tax or company tax.

They are also dead against rumoured cuts to petrol tax and the tax on beer.

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Peter Martin Wednesday, March 23, 2022 - 18:20 Source

The biggest question relating to the management of the economy right now has nothing to do with next week’s budget. It has everything to do with the Reserve Bank and the board meetings that will follow it.

The question facing the board – the biggest there is when it comes to how the next few years are going to play out – is whether to hike interest rates just because prices are climbing.

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