There is no doubt that in politics, worldwide, the Left are in the ascendant; but they enjoy undeserving support from a compliant and often sycophantic media.

Our Prime Minister seems to spend more time overseas than at home.

But on the home front, the Albanese government is going to be hit with reality.

Whether the government continues its denial or whether it wakes up, will determine whether Dutton, against the odds, can win the next election.

A gullible electorate should not imagine that Labor have a vice-like grip on government.

The Teals have proved useless.

A reformed, sensible, and genuinely Liberal Opposition should make mincemeat of the mess we are in.

Just imagine what mortgage holders are thinking. Interest rate increases month after month. I have said many times that we should follow what America is doing with fixed-rate mortgages. You sign up and you agree with the lender what you will pay for any number of years.

Chalmers and co wouldn’t have an original idea of their own; they just follow the bureaucratic line.

The Prime Minister makes these empty rhetorical statements that he’s confident about the economy.

He is kidding.

Now, as the numbers for the Voice move into negative territory and the Albanese pet project is heading for defeat, he and his mates start finger-pointing at those who dare to advance the ‘No’ case.

So, the bloke who was going to do things differently in government, high accountability, less adversarial, now wants to blame the Governor of the Reserve Bank for the interest rate increases. Sensing danger in the electorate for those with mortgages, Albanese goes after the Governor of the Reserve Bank.

A pattern is developing.

He can’t win the case on the Voice. The public won’t be bullied, nor will they accept a race-based change to the Constitution. So he blames those who disagree with the ‘Yes’ case. Name them. Vilify them. It won’t work.

And while the Reserve Bank Governor was plainly stupid to suggest that there would be no interest rate increases until 2024, the simple question has to be asked, why is the Reserve Bank jacking up interest rates?

The answer is simple.

It’s a very blunt instrument but it is designed to contain spending.

There is a simple economic truth. If a lot of people, for example, are chasing the house in Smith St, the price goes up. The spending increases the price and inflation kicks in.

But who are the biggest spenders? Albanese and Chalmers…

When you start projecting Budget deficits way down the track it means, that government expenditure is greater than government revenue. The government is not living within its means.

The simple metaphor of the failure of the Albanese government, to reign in expenditure, is evidenced by the recent Budget which shows the Albanese government is hiring another 11,000 more public servants. It takes the number of bureaucrats in Canberra to a whopping 191,861.

And the Budget shows that these public servants will get a 10.5 per cent pay rise, the highest in ten years. Add on to that, the recent Fair Work Commission, granting a pay rise of 5.75 per cent to more than 2.5 million Award-depended workers; and the Workplace Relations Minister Tony Burke says ‘the best decision for workers we’ve ever had’.

I’m sure that’s true.

But because of that, interest rates go up and the worker is losing more in his increased mortgage payment than he gains from increased wages.

This at the time when, in the year to March, Australia faced the fastest drop in productivity on record.

In short, you’ve got the Reserve Bank trying to bring inflation under control and belting us up with interest rates; the Reserve Bank warning that the minimum wage increase will complicate the battle to reduce inflation; yet here is the Albanese government igniting wage growth, and spending money it doesn’t have.

Of course Albanese will try and talk up the economy. I’m telling him to read the headlines:

Gas supply shortage will blow up business.

Race to turn off the gas.

Absolute insanity.

This is part of the push to rip out gas appliances and electrify millions of Australian homes in order to hit renewable energy targets.

That incompetent ACT government has imposed an immediate ban on gas for new homes and businesses. The Master Plumbers Australia are saying this will trigger job losses, energy price spikes, and the premature shutdown of billions of dollars worth of gas assets. This is where the Albanese government is taking us…

They want 5 million homes off gas, to transition to renewables.

This is madness, or what the Master Plumbers say, ‘insanity’.

Thousands and thousands of jobs will be lost, and companies specialising in gas fittings will be forced to shut.

It is the same story in relation to coal. The Albanese government forcing the premature exit of Coal stations from the power grid before enough replacement generation has developed. We are being warned of blackouts and price surges.

But Albanese and Bowen know everything, while Greg Everett, the Chief Executive of Delta Electricity, which operates a coal plant at Vales Point, says simply, that we are on course to be short of sufficient energy capacity.

It’s simple.

You can’t run this country, households, and businesses on renewable energy; but Bowen tells us, I repeat, we are going to have to have 22,000/500 watt solar panels every day for 8 years, and 40/7 megawatt wind turbines every month for 8 years; and tens of thousands of transmission lines to get the renewable energy, if we can produce it, into the grid.

How does this shortage of energy or the massive increase in energy prices improve productivity?

Chalmers wouldn’t know.

If he did some homework, he’d know that wage increases without productivity increases, lock in inflation.

Why, with all its weaknesses, could the Coalition, between 2013 and before the pandemic, achieve small annual wage increases and keep inflation low?

Surely, the best wage increase for a worker is to pay less for his mortgage?

There are many ways productivity can be improved but not by putting employers in the Industrial Relations straight jacket being designed by Tony Burke.

Of course, when we are talking spending, the government talks forever about spending on school education, Higher Education, and Training. Can someone tell me how that has improved productivity? Our education system borders on being a farce.

This government doesn’t understand that unless all the instruments of economic policy, monetary, which are interest rates, fiscal, which is spending, and wages – unless they are addressed together, we won’t get inflation under control.

Even then without productivity, the economy is in a further bind. Albanese has to understand that he got 32 per cent of the vote to win government. Mortgage costs have doubled in the space of a year. Businesses are facing large increases in labour costs. And this mob think, they can improve the economy, grow the economy, and improve productivity by demonising and denying the very source of our continuing wealth – our natural resources.

Why can’t we have coal-fired power?

We’ve got heaps of coal.

Why can’t we have gas-fired power?

We’ve got heaps of gas.

Why can’t have nuclear power?

We’ve got heaps of uranium.

We are an energy powerhouse which has made us an economic powerhouse.

But under Bowen and Albanese, where ideology replaces reality, we demonise that which made us economically powerful.

That’s called dumb.

Australians should not be supporting dumb governments.

Trouble is, business to date has fallen into line with all this energy crap. They had better wake up before it is too late.

Prime Minister, the political road sign says ‘stop and turn back’, you are heading in the wrong direction. If you don’t you will go over the political cliff.

But Australians won’t go with you.

---

You can watch Alan Jones LIVE and free over on ADH TV.

Get 10 issues for just $10

Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.

SUBSCRIBE 10 issues for $10 REGISTER 3 articles a month

Already a subscriber? Log in