Throw out Albo


Prime Minister Anthony Albanese will use his second anniversary in office to urge voters to stay with Labor for another term, rather than vote for the Coalition and return to the era of conflict fatigue.

Albanese will argue that progress has been made in areas such as the energy transition, mending the trade relationship with China, lowering inflation, and growing wages.

In reality, “progress on energy” equals tripling the average electricity price:


“Lowering inflation and growing wages” equals an unprecedented -5% real purchasing power smash over two years:

Australian real wages

In reality, “mending” with China is a national embarrassment that has only increased Australia’s geopolitical risk profile after several hard years of diversifying trade under the Morrison Government.


I could go on: the housing disaster, which skyrocketed national rents and homelessness for the first time, as well as the immigration-led crush loading of services in health, education, and transport, and detonating a bomb under indigenous relations.

In one final paroxysm of lying, Albo will throw up over every household in Australia:

Mr Albanese, who as opposition leader championed his working-class upbringing by his single mother, will reassure voters that two years in The Lodge have not caused him to lose touch.


“I understand Australians are doing it tough right now, and I haven’t forgotten what it’s like to struggle and strive,” he will say.

“To worry about your family’s economic security, to wonder if you’ll get the opportunity to pursue your aspirations.”

So, why did he do the above, then?

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.