Australian general election 2022 live: Albanese says labor spending ‘will yield a return’ as coalition attacks political costs as ‘farce’ | Australia Elections 2022

Frydenberg and Birmingham are defending spending on community projects after a Sydney Morning Herald reported that some could be unconstitutional.

There is a “long-established legal framework,” says Birmingham.

Q: What does $7.4 billion mean in the big picture?

According to Birmingham, coalition spending was “temporary and proportionate” and emergency spending was scrapped, improving the budget outcome. He says:

We’ve gone to great lengths to show a $104 billion reduction in government deficits, with Labor looking to add an additional $7.4 billion in spending.

He says Australians are aware of inflationary pressures and the higher deficit would increase inflation and risk higher interest rates.

I’m sure you’ve heard all this before – Frydenberg says there are lower taxes coalition, defense spending fell ad nauseam under Labor etc. We’ve come to a point in this campaign where people are hoping that repetitive statements will pierce their way into the brains of undecided voters.

Q: What do you say to Australians who are having a hard time?

Frydenberg says the government is “very aware” of the pressure on the cost of living, citing the (temporary) halving of the petroleum tax, the (temporary) expansion of low- and middle-income tax relief, the (one-off) payment to retirees and the reduction in drug prices .

On wages, he cites a Reserve Bank statement that around 40% of the employers surveyed are offering wage increases of at least 3% (inflation is at 5.1%). The wage price index showed a 0.7% rise this week, Frydenberg says, but look at all these overseas countries where it’s worse.

According to Frydenberg, the jobs created are full-time jobs… with some part-time jobs being lost to industry. “We have a very strong story to tell about the labor force participation rate,” he says, adding that youth unemployment and female unemployment have fallen:

Of those 1.9 million more employed Australians… 1.1 million of those are women and 70% of those jobs were full-time jobs.

He recalled the start of the pandemic and fears at the time that unemployment could reach 15%. “It’s not a good result, it’s an exceptional result,” he says.

“The choice in this election is becoming clearer and clearer,” says Birmingham, before echoing Frydenberg’s criticism of the Labor leader Anton Albanese.

Birmingham says the cost document is “thin” and “released with just a day until Election Day”. He says no “single policy” has been presented to Parliament’s Budget Office.

He goes through a list of Labor pledges and says the amounts in the cost documents are lower – so the $7.4 billion deficit is “just the start,” he says.

That coalition pledges to create 1.3 million new jobs and 400,000 new small businesses over the next five years, says Frydenberg. He says Labour’s cost estimates are a ‘farce’ without independent verification (I’ll check later) and then we’re on the subject of ‘this election is an election’.

Frydenberg now hands over to Birmingham to discuss Labor costs.

Friedenberg speaks now. He says almost 2 million more Australians are working today “when we came into government”. He says:

And it’s not the numbers that count, but the people behind the number. It is a mother or father or brother or sister son or daughter who now has the dignity of work and the ability to provide for their families.

He says Australia’s economic recovery has surpassed that of other developed nations. The truth is, it’s a little more complicated than that Paul Karp explained.

Paul Karp

prime minister Scott Morrison addressed the multicultural Afternoon Tea in Werriwa.

He said:

About half of the population was either born abroad or one of their parents. They come for two things: this economic opportunity, the knowledge that they have a job or can afford to run a business.

Migrant communities have a much higher rate of running their own business, there’s that entrepreneurial spirit, that work ethic. I always said If you try, you should try. I think that shows up more than anywhere else in multicultural communities. Today unemployment has fallen to 3.9%. I know our economic plan is working.

He went on to say:

The other thing they come for when their kids grow up is they really want to see that they own a house of their own. It lays the foundation for what is most important, and that is family. The responsibility, love and care of the family. Strong relationships, strong marriages.

Owning a home is the biggest investment you will ever make, the biggest asset you will ever own, the biggest decision you will ever make… we want to make sure people have access to their own money their own pension.

Scott Morrison
Scott Morrison addresses an audience of supporters of Sam Kayal, the Liberal candidate for Werriwa. Photo: Asanka Ratnayake/Getty Images

Morrison argued that Labor does not “trust” Australians with their own superpower. He said they wanted you to keep it in Super “so the union bosses decide which stocks you buy” – prompting a small exclamation of “shame”! from the audience, who are the entrepreneurial small business owners mentioned by Morrison and a couple of young liberals, neither of whom care much about unions.

Morrison slurs Labor leader anthony albanese, for supporting Western Sydney Airport in the late 90s and 2000s but failed to build it. This also entails another small cheer of “shame”. There was also a cheer of “Vote for Sam (Kayal) – I’m not sure if any of these people are undecided.

Morrison also urged attendees to put the pandemic behind them:

Governments tell us where to go, what to do – we’ve had enough of that. We can confidently put that behind us because we were able to show that we can protect our public hospitals. We can look to the future with confidence.

We hear from the treasurer Josh Fredenberg and Finance Minister Simon Birmingham short, because the economic debate dominates these last days (hours?) of the election campaign.

Australian general election 2022 live: Albanese says labor spending ‘will yield a return’ as coalition attacks political costs as ‘farce’ | Australia Elections 2022

Source link Australian general election 2022 live: Albanese says labor spending ‘will yield a return’ as coalition attacks political costs as ‘farce’ | Australia Elections 2022

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