Ever the Howard loyalist, seems Julie Bishop can’t get her head around RBA interest rates either. This is an unassuming opening for the new shadow treasurer, but then her leader is doing little better in the economic responsibility stakes.

It is difficult to simultaneously argue for a knee jerk supplement to one among goodness knows how many other pensions while also insisting that the government make a better fist of its response to global economic difficulties. One the one hand Turnbull howls over allegedly slipshod handling of market regulation, on the other he proposes doling out millions in what amounts to little more than a publicity stunt. 

There’s no coherent position or philosophy here, only point scoring. You’d have thought the circumstances demanded something rather more meaningful and considered. Any claim to a superior instinct for economic management demands at least that.

Peter Fray

Get your first 12 weeks of Crikey for $12.

Without subscribers, Crikey can’t do what it does. Fortunately, our support base is growing.

Every day, Crikey aims to bring new and challenging insights into politics, business, national affairs, media and society. We lift up the rocks that other news media largely ignore. Without your support, more of those rocks – and the secrets beneath them — will remain lodged in the dirt.

Join today and get your first 12 weeks of Crikey for just $12.

 

Peter Fray
Editor-in-chief of Crikey

JOIN NOW