So where does the end of Budget week leave us?

So where does the end of Budget week leave us?

The overall impression is of a Government brilliant at media management, pretty good at spending, and competent — barely — at saving. On the other side is a divided Opposition unable to settle on a single message and led by a bloke who has promised so much but underdelivered so far.

This is one of the most economically uncertain periods in Australian history. We no longer feel on the brink of economic disaster, but whether a recovery is years away or already occurring is the subject of legitimate debate. The eventual return to surplus — and the separate issue of moving to an underlying fiscal balance — is directly dependent on the resolution of this uncertainty.

What the Government has failed to provide is a conviction that, if things don’t go well globally, it will be able to maintain some degree of fiscal control and not just blame the rest of the world. What the Opposition has been unable to provide is a sense that it doesn’t regard surpluses as more important than unemployment or that it has a clear idea of how it would achieve a surplus.

So far the Government’s stimulus strategy seems to be working. But at some point Kevin Rudd will run out of excuses to spend. That will be a different test of the character of his Government, and possibly a much harder one.

10 Comments

  1. JamesK
    Posted Friday, 15 May 2009 at 5:35 pm | Permalink

    So far the Government’s stimulus strategy seems to be working.”

    Does it?

    Your purview is blinkered by prejudice and desperation that the ponce you trumpeted as a great leader is not actually what is increasingly apparent: a charlatan.

  2. Posted Friday, 15 May 2009 at 5:41 pm | Permalink

    James, James, you sound so bitter. Lets make a deal: You continue to pour the shit over Kevin Rudd-but without so much bitterness. I’ll confront Peter Costello in the chemist shop, and tell him what a total, lying, cu-t of a bastard he is. Deal?

    PS. Why, do you think, have Crikey made it impossible to print your own comments? We used to be able to. No longer,

    Cheers

    Venise

  3. JamesK
    Posted Friday, 15 May 2009 at 6:17 pm | Permalink

    Venise, ….Be nice to Big Pete…… As per Morpheus…. “He is The One”

  4. David Sanderson
    Posted Friday, 15 May 2009 at 8:34 pm | Permalink

    JamesK demonstrates yet again that vituperation and intelligence exist in an inverse ratio.

  5. a a
    Posted Friday, 15 May 2009 at 11:00 pm | Permalink

    JamesK, why do you bother?

  6. JamesK
    Posted Friday, 15 May 2009 at 11:04 pm | Permalink

    Some day the ever oleaginous David Sanderson will find himself to be the catastrophic success the unprejudiced already painfully know him to be.

  7. JamesK
    Posted Friday, 15 May 2009 at 11:10 pm | Permalink

    @A A: breathtakingly intelligent comments such as yours? Noble initials but apparently representing little of consequence.

  8. David Sanderson
    Posted Saturday, 16 May 2009 at 11:25 am | Permalink

    See what I mean?

  9. David Sanderson
    Posted Saturday, 16 May 2009 at 8:41 pm | Permalink

    Case closed.

  10. JamesK
    Posted Saturday, 16 May 2009 at 10:25 pm | Permalink

    Indeed.

    http://tv.nytimes.com/show/43051/Case-Closed/overview