The federal government in Australia led by prime minister Scott Morrison passed its third anniversary last week.
An Australian online journal is now documenting with colourful charts the multiple “all-time worst” records in economic management and social outcomes set over Morrison’s three years.
The first ten, published today, are:
1. Australia’s worst recession since records have been kept
2. Greatest waste of any government program on record
3. Deepest budget deficits on record
4. Greatest increase in gross debt since World War II
5. Greatest increase in net debt since World War II
6. Lowest rate of wages growth on record
7. Record profits as a percentage of national income. See green chart at the top here.
8. Lowest company taxes paid relative to profits
9. Worst sustained retail slump on record
10. Worst manufacturing collapse ever
Morrison’s Coalition government comprises his conservative, misnamed, Liberal Party and the other right wing outfit, the National Party. They will soon celebrate eight years since replacing the progressive Labor Party in September 2013.
The article claims Coalition election wins in 2013, 2016 and 2019 were largely attributable to highly successful campaigns of misinformation regarding Australia’s economy.
Virtually all the mainstream media have actively falsified both Labor’s achievements before 2013 and the Coalition’s appalling failures since.
The primary message of this series is that the current federal Government is the worst Australia has ever inflicted upon itself.
A subsidiary theme is that Australia’s mainstream economics reporters – employed by News Corp, Nine Entertainment, the Australian Broadcasting Corporation and commercial radio and television – with few exceptions are snivelling sycophants who steadfastly refuse to report economic outcomes accurately.
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The article is available in full here for free:
https://independentaustralia.net/politics/politics-display/morrison-government-sets-records-in-economic-mismanagement,15457
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“Alan Austin is a great Australian journalist and,
I think, a pirate. I steal Alan Austin’s findings all the time.”
~ Jordan Shanks
https://www.youtube.com/watch?v=HtV-2X4BjQI