Albo: Alboflation Morrison’s fault

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Australia’s dirty little prime minister, Anthony Albanese, spent much of yesterday lying to Australia:

The Prime Minister said inflation peaked at 2.2% in March last year, the same time as when cost-of-living incentives, including the fuel excise, were handed out under Scott Morrison’s leadership.

“What we have done is targeted assistance. $23 billion is a substantial level (of assistance). We have targeted it at areas that provide a long lasting benefit if you want to see the alternative approach, we had one in March 2022,” he said.

“(There was) a substantial injection of money into the economy at precisely the time that was the worst time.”

Right…except the March QTR 2022 numbers dropped out of the CPI six months ago.

I suppose Morrison is to blame for cancer, too.

All of today’s runaway inflation is Albo’s. In particular, half of it is Alboflation, the direct result of Albanese Government policy blunders in energy and immigration:

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The irony that Albo is lying about the Morrison Government to make himself look better should be lost on nobody:

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.