1. Most Discussed
  2. Gainers & Losers

Bill Shorten an economic Pontius Pilate

  1. rabbitoh

    21,942 Posts.
    Bill Shorten an economic Pontius Pilate
    • by: Editorial
    • From: The Daily Telegraph
    • February 11, 2015 12:00AM

    Share this story


    BILL Shorten currently enjoys a substantial numerical lead in opinion polls over Prime Minister Tony Abbott. But the Labor leader knows his lead is soft, and that in a volatile electorate many voters may in time drift back to the Coalition.
    Presumably that is why, in an attempt to impress Labor’s base and to lock in the welfare vote, Shorten has recently escalated his frantic class war rhetoric.
    “We will fight to the last drop of our breath the brutal attack on the poor in Australia,” Shorten told Labor’s caucus yesterday. “We will put social justice back up the political priority.” Shorten claimed the Coalition government was “inflicting an extreme ideology through their own unfair budget”.
    He was at it again during Question Time on Monday. “You are an extreme government motivated by an extreme ideology,” Shorten railed, looking like a furious, slightly less orange Oompa Loompa.
    Given that Shorten’s knowledge of money mostly comes from marrying it, he could perhaps use some remedial economic education. It is by no means extreme to seek a balanced budget or to aim for a budget surplus.
    Indeed, previous Labor treasurer Wayne Swan repeatedly promised to deliver a surplus, year after year.
    Sadly, Swan’s economic “extremism” was entirely hypothetical. He delivered surpluses in the same way Shorten delivers straight answers: not at all. Here is an edited portion of Shorten’s recent reply to a question from the ABC’s Leigh Sales on how he might deal with Australia’s Labor-generated debt:
    “For Australia to have a bright future, then we’ve got to go for growth. And the way you go for growth is you spend money on skills and training and higher education … What I’m spelling out is our direction for the future. If you don’t know where you’re going, any road’ll get you there.”
    If you don’t know where you’re going, you’re probably the leader of the federal ALP. He doesn’t make much more sense when attacking the Coalition over leadership issues. “How can the Prime Minister claim to have a mandate for this country?” Shorten said on Monday. “The promise to run a stable and mature government is arguably the biggest broken promise of this sad government’s last 17 months.”
    This from the man who was a key player in the knifing of the last two Labor prime ministers.
    In 2010 he undermined Kevin Rudd to engineer his replacement by Julia Gillard, who rewarded Shorten with a cabinet post. Three years later, short-term loyalist Shorten turned against Gillard and said he would resign from cabinet if she prevailed in another leadership brawl with Rudd.
    Abattoir workers have less blood on their hands after a 12-hour shift slaughtering haemophiliac cattle.
    As both of his previous party leaders have discovered, Shorten is the San Andreas Fault of Australian politics. Anything built on his loyalty is subject to extreme earthquake risk. Well may the Labor leader vow he’ll fight to the last drop of “breff” defending the poor from brutal attacks. It’s his own party members who need defending when Shorten is in attack mode.
    Oh, and the occasional food shop worker. Voters may recall a “brutal attack” by Shorten on Melbourne’s Annie Huang, who was behind her deli counter in 2012 when the then-workplace minister dropped in for a pie. None was available, leading to a fit of Shorten rage. Following Shorten’s eventual apology, Huang still felt understandably distressed.
    “(I’m) really, really scared because he (said) to me, ‘you lost business’,” she said. “What mean this, lost business? I was just talking to my husband, (I’m) really scared. I say, ‘why he say I lost business’?”
    There’s your champion of the workers, right there.
    The next time Bill Shorten wants to discuss social justice and unfairness, he ought to first consider his own actions. He should also consider the damage committed against future generations of Australians by his Pontius Pilate-like, cynical refusal to assist the government in reducing our national debt — a ruinous Labor legacy far more extreme than anything proposed by the Coalition.
    The government, too, must continue seeking measures that rebuild the budget. To do anything less would invite the re-election of the party that got us into this mess in the first place.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.