I’ll have to get around to installing the ad blocker plug-in on the Firefox browser installed on my laptop. I have it on my desktop at home, but I’m writing this from my hotel room in Surry Hills, and every time I go to have a look at a political story on the Smage websites, I’m assaulted by ads metaphorically screaming at me about teh evil union bosses, the red haired Gillard fanatics, and “Crash is coming: warns investor”. I don’t dare to unmute the sound in case they actually are screaming at me.
I have one simple question. Given that the credit crunch has led the Commonwealth Bank (and others) to contemplate raising their mortgage rates independently of the Reserve’s cash rate, and that they’ve already tightened up on loan discounting, how are we to square this with the government’s claims about the superiority of their “economic management”? Not only are they apparently powerless to act (the banks already having treated the Subprime Minister’s portentous warnings with contempt), but it really does expose the implausibility of the fear campaign. Whereas the ACTU’s ads have been based on facts, and inferences that can be reasonably drawn about how WorkChoices could affect voters’ lives, the ranting of the Coalition floats free from reality. It may have succeeded in scaring off a few “soft Labor” voters, but it’s also a fitting epitaph for the baseless claims they’ve made over the years about their economic skills.
Cross-posted at PollieGraph.