Not in the Murdoch press, that is.
Gillard and Swan are shaping to try to convince us that Labor is a good economic manager, indeed better than the alternative. Stephen Koukoulas was Gillard’s adviser for a time. Now he has written a column for the AFR with some astonishing facts.
First, in the past 20 years the LNP brought down 12 budgets, none of which with taxes less than 22% of GDP. Labor brought down eight budgets, all with taxes below 22% of GDP.
Second, Gillard should be able to go to the 2013 election having cut real spending in two out of three budgets. In 20 budgets the Fraser and Howard governments never achieved this.
Third, with a bit of luck Gillard should be able to say that Labor in less than six years has presided over the creation of close to a million jobs. The vast majority of these are not in mining BTW.
The other mob keep accusing Labor of being addicted to waste and big spending. We get that from the very same team Laura Tingle dubbed liars, klunkheads or both.
Turns out Koukoulas runs an interesting blog. Recently he took a look at Hockey’s “absolute guarantee” that the Coalition tax take will be less than under Labor here and here. Hockey does indeed have a budget black hole problem of $70 billion or more. If we vote him in look forward to cuts in programs we regard as essential.
On the other hand our brilliant economy has been tracking at below 3% growth for nearly four years now. Koukoulas definitely thinks the Reserve should cut interest rates and that our dollar is at least 10% too high.
One thing is certain, there will be a budget surplus in 2012-13.