So far, Albo is worse than whacko ScoMo

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The idiot MSM is today replete with ScoMo bashing:

Albanese said people in government are searching for documents that saw Scott Morrison sworn in secretly to various ministry portfolios, but said he won’t speculate yet on what implications these unprecedented arrangements may have on legal decisions made by the former government.

The new PM told RN Breakfast he was “shocked” by revelations that Morrison had sworn himself in as minister for health, finance and resources. He said he was “not going to pre-empt” what his department will tell him in further briefings this morning, but that the new government may examine whether any “loopholes” need to be closed to prevent this happening in future.

We’ve known for several years that ScoMo was nuts. Gladys Berejiklian told us straight that he was a “complete psycho”. Move on.

What is more interesting is comparing ScoMo with Albo to determine who is less trustworthy.

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ScoMo was awful on the pandemic, energy and climate change, economy, immigration and wages, plus productivity but fantastic on China.

So far, Albo is worse on all of these measures:

  • there are many more daily deaths from COVID deaths under Albo than ScoMo:
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  • Albo is overseeing the largest energy shock in Australian history as he does nothing:
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  • Albo’s economy is lurching towards recession as he refuses to rein the energy cartels or the budget giving no room for the RBA to stop tightening.
  • ScoMo held mass immigration at 160k while Albo is about to boost it to 200k directly into a recession which will pancake still weak wages.
  • ScoMo delivered a lost decade of stalled real wages but Albo is delivering a depression for the same in record time:
  • ScoMo took on the difficult task of weaning Australia off the Chinese economic tit while Abo is shoving our faces straight back onto it.
  • Neither has done anything for productivity nor plans to.
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I’m not arguing that ScoMo didn’t have to go. He was as Messianic as he was inept and the sexual misconduct in parliament was enough to get rid of him by itself.

But Albo is not better. So far, he is worse. And at least ScoMo had the excuse of believing in capital.

Albo is “Labor”. Isn’t he?

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.