The ScoMo Government is a masterful fake. It is currently pretending to cut immigration, pretending to reform banking, pretending to build infrastructure, pretending to be a good economic manager, pretending to care about weak wages, pretending to care about energy prices, pretending to care about anything and everything other than rising house prices.
This we know from its only policy positions of substance:
- full bore mass immigration;
- the gutting of regulatory reform post-Hayne;
- running fiscal surpluses in times of economic weakness;
- forcing the RBA to heal for more rate cuts;
- delivering only demand side stimulus for housing.