What we have is a government defined by its complacency: whether it’s last year in terms of – the economy was very flat, we had three interest rate decreases, monetary policy was doing all the heavy lifting, the Reserve Bank said there was a need for fiscal policy to do some assistance, we had consumer demand down, productivity growth going backwards, wages that are stagnant.
What we needed at that time was greater government concern. Then the bushfires came along, they were complacent there – they said ‘we’ve seen fires before, it’s a states issues, no need to act’.
Now on coronavirus we’ve seen, after just days ago they said that cash payments were inappropriate and should never occur … today we have an announcement of cash payments to pensioners and people who are Newstart recipients. That’s a good thing. We need to stimulate the economy and it needs to be done right now.