Albo is heading the way of Gough and Rudd. By Lyle Shelton.
The Albanese government came to power promising lower electricity prices, lower inflation, and higher wages.
One year on, we have sky-high electricity prices, sky-high inflation, and much lower real wages.
Get used to it, because most of the policies of the Albanese government are inflationary, driving your cost of living up. …
Australia’s cost of living crisis is entirely the creation of its political class — from both sides. Labor is just making it worse quicker. It will get the blame at the ballot box and risks being a one-term government. …
Housing:
Let’s start with the housing affordability crisis. Basic economics of supply and demand tells us that a lack of supply — in this case, land for development and houses for sale or rent — will result in high prices.
And they have.
Instead of making things better by working with state and local governments to cut red tape and fast-track land release, the government will bring 315,000 migrants in the next twelve months with more to come the following year. There’s nowhere in Sydney and Melbourne for these people to live, get healthcare and drive cars. …
No wonder kids can’t buy a home and have little hope as their rent keeps rising. …
Electricity:
Both sides have demonised coal and gas, banned uranium, subsidised windmills and solar panels, and forgotten to make sure we had a backup plan for the nighttime and windless days.It seems that every week an energy expert warns the east coast is facing blackouts and further price hikes. …
Over 20 years of Liberal and Labor government, we have squandered our competitive advantage as a resource-rich superpower for no environmental gain but increasing economic pain as climate catastrophism has driven public policy.
Now the people in the suburbs are paying for elite virtue signalling. …
If the government allowed coal, gas, and uranium to be used until viable, cost-effective energy alternatives were found, a major driver of inflation would be fixed quickly.
It works well for the well-paid, government-connected types at the top. The prices of their houses are rising nicely, and there is lots of competition at the low end to damp down the wages of the people who provide for them.
Coal-fired electricity costs about 3c per kWh. But as renewables have been introduced, the price charged to consumers has risen from about 10c per kWh before 2010, to 25+ c per kWh now. Yet they claim renewables are free, and the lowest cost source. Bonkers.
