What I don’t know about economics would fill a library. Moreover, the mainstream media is full of budget analysis and comment, as are some other blogs. So I think I’ll give it a miss, except for these shoot-from-the-lip glib oversimplifications. The tax cuts (despite the skew to high income earners – or maybe because of them – the aspirational middle class certainly aspire to earning 125 grand a year) are undoubtedly smart politics unless they trigger another RBA interest rate rise, and the measures to push single parents, older unemployed and disability support pension recipients back into the workforce will also play well with most of the punters if not the chattering classes (I’ve decided to alternate the RWDB pejorative labels – I’ll probably use “politically correct brigade” and “latte sippers” in the comment box). You can’t make an omelette without breaking a few eggs.
Unless the international economy turns very nasty, Beazley looks certain to be a three time loser. But a week is a long time in politics, and it’s always darkest before the dawn. I aspire to posting wholly in cliches. At the end of the day I think it may be my core competency, so going forward it looks like a win-win, customer-centric situation with some major value-adding for the c-d demographic blog reader target market.