Wither Now Labor?

Kevin Rudd and his party are starting to show cracks, some small and some quite large.

As predicted Swan has finally admitted that it will take until 2014-15 to get out of debt. What does this mean? It means that if Labor stopped all spending today Australia would be out of debt by 2015. What it really means is that once all the proposed spending has taken place, and any more before the next election that Australia is probably going to get our of debt around 2030.

Since things are starting to rapidly go downhill expect an election in November (also predicted in an earlier blog). If Rudd waits too long the public will already be hurting which may wake enough of them up, particularly the last swing voters, to kick him out.

Australia, the UK and America are currently being lead by charismatic, left (socialist) leaders and governments. Every one of them is leading their respective countries into massive debt, are curtailing basic freedoms like those of speech and are selling their countries out to foreigners.

Ironically the recent backing away from the ETS will not affect the Green's support for Labor, they are essentially a Labor party block with a narrow agenda.

To a certain extent the global economic downturn has been blamed on capitalism but the real culprit is poor regulatory control where it used to be but was taken away (in the past 15 years). This will hurt the Liberal coalition to some extent but at least they are a party that works to remove debt. The worst place to be in a recession is in debt and Labor is working as hard as it can to put Australian into as much debt as they can in the shortest period of time.

If their is an election i November it will be interesting to see how many change their votes. The Labor followers generally always follow the party lines, no matter how often they change or move. It will come down to the same ones to kicked Liberal out to put them back.

If Labor gets in again then push that recovery date out another decade or two and increase the amount of debt proportionately. Ironically it's the current Labor policies that are hurting employment and by extension the Unions.