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#1
For all the hoo-ha on this board from neo-cons and the ultra left, and their private bitter ideological wars, I think it is clear that this election was won on:
i) interest rate fear/homeowner aspirations.
ii) The strong economy (this will also help the state Labor parties in elections because lets face it, no one turfs govts in strong economic climes).
iii) a mis-timed and over enthusiastic Forest policy that played right into Howards game plan and swung over a lot of moderate labor types who felt sold out (even though they were not).
But the key is interest rates, and the fear they would rise under Labor. Now the Libs did explain, when cornered that they just meant they will rise less under Libs than under Labor, not that they will not rise under Libs. But how much rise in interest rates will be enough to sink the Libs at the next election.
Any good economist would say that the Libs spending promises are inflationary, so what margin do they have.
1%, 2-3%???? It is absolutely critical to this govt that interest stays LOW or they are GORN!!!
i) interest rate fear/homeowner aspirations.
ii) The strong economy (this will also help the state Labor parties in elections because lets face it, no one turfs govts in strong economic climes).
iii) a mis-timed and over enthusiastic Forest policy that played right into Howards game plan and swung over a lot of moderate labor types who felt sold out (even though they were not).
But the key is interest rates, and the fear they would rise under Labor. Now the Libs did explain, when cornered that they just meant they will rise less under Libs than under Labor, not that they will not rise under Libs. But how much rise in interest rates will be enough to sink the Libs at the next election.
Any good economist would say that the Libs spending promises are inflationary, so what margin do they have.
1%, 2-3%???? It is absolutely critical to this govt that interest stays LOW or they are GORN!!!

