Gutless Gittins cheerleads Australian doom

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Ross Gittins is a pansy these days.

…there were powerful interest groups Labor didn’t want to offend. And because it lives in fear of what the Libs might say. The two-party duopoly has painted itself into a corner, with neither side game to do what needs to be done.

Take the greatest threat to our future: climate change. Labor was elected in May 2022 partly because it seemed to be genuine in its determination to see Australia play its part in reducing greenhouse gas emissions, whereas the Coalition seemed only to be pretending to care.

Frankly, worrying about climate change as your energy grid enters permacrisis is about as useful as tits on a bull.

What does Gittins think will happen to the climate change consensus as energy bills skyrocket?

Where is his analysis of the gas cartel that is destroying the energy transition reliability and cost?

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Even more bizarrely, it is killing his employer, yet still, there is no analysis.

Listen to this crud.

Albanese and Treasurer Jim Chalmers have done a good job in managing the unfinished return to low inflation, but they have no control over when the Reserve will decide to start cutting interest rates.

If, as seems likely, Labor loses seats at next year’s election, that will be voters punishing it for the cost of living, over which it had little control, not for its weak performance in so many other areas.

It had heaps of control.

It didn’t need to skyrocket immigration to crush wages and stimulate a rental shock, making the cost of living crisis much worse.

It didn’t have to pander to the East Coast gas export cartel during Ukraine war profiteering, which added another 2% to the CPI and drove interest rates much higher than they needed to be, and is now threatening to do it again, making the cost-of-living crisis much worse.

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Gittins is not only gutless; he appears to have absolutely no idea what is in the national, his employer’s, or his own interests.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.