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Byron Shire
April 21, 2021

Virus v GFC

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Helen Cust, Ballina

What a turnaround from the pre-election hyperbole peddled by the marketing guru-cum-Prime Minister (Morrison) and his struggling Treasurer (Frydenberg)!

‘Back in the Black’ mugs were being rolled out to commemorate ‘a return to surplus, guaranteed, no matter what’. That worked out well didn’t it? We’re now deep in Morrison’s debt and recession, the largest deficit ($85.3 billion) in Australia’s history, and almost $1 trillion of national debt.

It would be tempting to simply say, ‘Well the world has been hit with a pandemic and every country is in the same position’. However, that is definitely not what the Liberal-National coalition said when Kevin Rudd’s government was suddenly hit with the Global Financial Crisis (GFC) and was also forced to plunge the country into debt in order to stimulate the economy. Aided by their stooges in the Murdoch media the Lib-Nats waged a relentless campaign of misinformation and outright lies to discredit the Rudd government.

However, with great fiscal management from then Treasurer, Wayne Swann, and Finance Minister, Lindsay Tanner, Australia managed to avoid a damaging recession.

What gross opportunism from such an incompetent coalition, that in the ensuing years they have managed to more than triple Labor’s GFC debt, and plunge Australia into a damaging recession; Morrison’s recession.

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9 COMMENTS

  1. Helen lets start from the beginning shall we ..
    Only people like you would seriously think that this is morrisons recession , this Pandemic is and will have devastating long term mental health concerns
    Also fiscally .. wayne swan infact had a nice surplus to run with during the GFC ..however
    Rudd Gillard Rudd were possibly the worst
    Labor pairing in history.. and the 1200 Men and women and children who had drowned under there
    Watch with open borders.. Shameful… labor
    Are all about Tax and spend !! They have lost there
    Way and really are a bigger version of the Greens
    And iam a blue collar worker .and they deserted
    Us long ago..

  2. Helen is quite clear about the tripling of Labor’s debt, Barrow.
    Helen – like many of us – is reminding you of what the LNP
    managed to do during & after ‘The Global Financial Crisis’.
    Labor did well but got ‘followed up’ by a Lib-Nat messy miss
    -match. Your lot, barrow, flung the country back into Recession
    when there was no need for that to have happened. Even
    without Covid-19 we’d still be on the flat of our backs. Learn
    to read what people are telling you – NOT what you may like
    to think they’ve said.

  3. Great letter Helen, one of the Labor’s faults following the GFC. crisis was to allow the Coalition to pin the “debt and deficit tag on them and with the help of their stooges in the Murdoch media it stuck, until now, the Coalition has now made a right-old mess of Australia’s economy. Don’t take any notice of the usual negative background noise, it usually comes from the “non de plume” section of the sidelines.

  4. Come on keith ! Put political differences aside
    To suggest the Coalition has made a mess of the economy is irresponsible. Keith please ! Have
    A alternative view to that of yourself or anyone
    From the left of politics is somehow connected
    To the Murdoch media is absolutely absurd.
    Majority of voters vote accordingly and has nothing
    What so ever to do with the Murdoch press
    And if you really need reminding keith .its the
    States run by labor that has caused the economy
    To go backwards with the directorial lockdowns .
    And lets just see how popular the Labor Party and its leader is after her lockdowns at the state election? Also keith do you really think that if labor
    Were running the country that the Lockdowns
    Would be taking place in Victoria, Qld or WA ?
    My opinion..NO !!

  5. Go get a life, Barrow. Politics are never put aside because The Murdoch
    Press runs the country & trashes every other party except for the Morrison
    brigade. The bloody LNP. Go & buy The Australian newspaper for just one
    month & read every article… that’s where ScoMo gets his support from…
    he’s even told what to go. Add to that, SKY NEWS & Credlin’s band; all
    owned by Murdoch. 95% of newspapers in the country are owned by
    Murdoch.

  6. Not one journalist throughout the Victorian
    Inquiry into the the hotel quarantine debacle
    Asked Dan Andrews any hard questions
    Accountability really!!, .. and it took Skys
    Peta Credlin to ask the difficult questions
    And clearly Andrews was not at ease with this line of questioning.. and what came of this is he has to
    Hand over phone records… something our National Broadcaster Has never done or plans to ..
    Never interviewed Andrews .. the ABC are a joke !!
    Have a great life thanks Stefanie !!

    .

  7. Abbot’s old ‘adviser’ Credlin would bust a gut to try & pin down anything
    she was ‘asked’ to do. Shock-jock-ing is doing well there. In fact……I’m
    one of many who predicted her ‘future’. Ripe pickings there. Sky’s tongue
    splitting batch of stirrers is made for an audience of crows.

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