Based on comments by Engineer and Mick Davis on Andrew Bolt’s blog.
Labor’s Report Card
20/20 Summit – FAIL
Millions of dollars of your money wasted. No ideas from summit implemented.
Aboriginal Housing – FAIL
$300 million of your money spent, no houses built.
Grocery Watch – FAIL
Millions of dollars of your money wasted, no outcome.
Fuel Watch – FAIL
Millions of dollars of your money wasted, no outcome.
Private Health Rebate – FAIL
Core election promise broken, more taxpayers funds wasted.
Federal Takeover of Health Services – FAIL
Core election promise broken, millions in taxpayer funds wasted, no result.
Super Clinics – FAIL
31 promised in 2007, 2 built at $6 million each (twice the estimated cost if built by private practitioners). More of your money wasted.
Mining Tax – FAIL
First ‘back of the envelope’ plan would have sabotaged Australia’s key industries. Gillard’s revision unworkable. Budget figures including income from this tax now short billions of dollars.
‘Free’ Home Insulation – FAIL
$2.5 billion of your money wasted, 4 deaths, 200 house fires, another $1 billion to fix.
Solar Panel Scheme – FAIL
Blow-out of $850 million on untested technology. Scheme scrapped, rebates discontinued, workers unemployed.
Foreign Relations – FAIL
Former positive relationships with Indonesia, East Timor, China, Israel, now confused or strained.
Green Loans – FAIL
Program dumped after $175 million blow-out. No measureable outcomes. Auditors/inspectors unemployed.
Building the Education Revolution – FAIL
$18 billion of your money spent – $1000 from every Australian. No local consultation. Schools that needed gyms got libraries, schools that needed libraries got halls. Wholesale rorting, sub-standard buildings. Up to $8 billion wasted.
School Computers – FAIL
One billion dollars of your money blew out to $2.2 billion. Less than one third of promised computers delivered.
National Broadband Network – FAIL
A $5 billion policy blows out to $43 billion. $6000 cost to every household in Australia, assuming costs do not double – which some experts claim they will. Virtually no services delivered. No advantage over existing cable or HFC technology.
Budget Control – FAIL
$22 billion surplus turned into $58 billion deficit which tax payers will need to repay. Nearly $9000 per year per Australian household.
Debt – FAIL
$40 billion left in the bank by the Liberals turned into $100 billion Labor debt in just three years. Labor’s spending spree continues to increase debt at 100 million dollars per day, rising to 120 million per day next year.
Border Security – FAIL
Illegal arrivals 3 boats a year under Liberals, now approaching 3 boats per week. At least 170 aslylum seeker deaths at sea, plus nearly 300 missing and unaccounted for. Plan for a new detention centre in East Timor not even discussed with East Timorese government before being announced.
Climate Policy – FAIL
‘Great moral issue of our time.’ ‘Delay is denial.’ Action – NIL. No current policy. Hundreds of climate bureaucrats employed by Penny Wong with your money, doing nothing.
Would the Liberals have done any better?
Past action and results are the best predictor of future action and results.
The Liberals were elected in 1996.
Labor had left a debt of $96 billion. This was repaid.
When Labor was kicked out, unemployment was in double digits. Under the Liberals unemployment was reduced to its lowest in 30 years.
When Labor left, inflation was in double digits. Under the Liberals inflation was reduced to 3%.
Under the Liberals, interest rates were reduced to their lowest in 30 years.
The Liberals created the Australian Prudential Regulation Authority to ensure bank security and reduce loan defaults, and avoided a US type economic crisis.
The Liberals invested $67 billion into a future fund, and ran consistent surplus budgets leaving Labor a $22 billion dollar surplus when they took over in 2007.
Labor debt – tax payer money borrowed and spent, which tax payers will need to repay – now stands at $100 billion – $5000 for every Australian.
On past experience – Yes. The Liberals will do better.
