Opinion: Anthony Albanese heads towards Christmas with inflation, interest rates and power prices all high. But, comfortingly for Labor, his own popularity is up there too | michellegrattan
Peter Dutton and Anthony Albanese, in a rare moment of unity, giving Christmas presents at the Parliament House wishing tree.The electorate, though starting to feel some pain, remains very content with the government and its leader. For now, its angst is focused on others.
Lowe is under fire from some economists for not moving fast enough to raise rates. However, it was his unwise prediction that rates wouldn’t increase before 2024 that has brought him the public backlash, especially from those who borrowed on that basis and now regret it.Albanese and Treasurer Jim Chalmers know the government’s teflon coating won’t last indefinitely.
Much will hang on the May budget, for which work has begun, with the expenditure review committee meeting this week. It will be harder to frame than its modest October forerunner. By this time next year, the government will be halfway through its term. It will be turning its eyes towards the 2025 election.
The background is an increasingly fluid electorate, where major parties have been losing their grip on voters, and the under-40s are supplanting the political pre-eminence of the baby boomers.”. It emphasises the key is “delivery”, especially to Labor’s heartland voters. “While the results do not represent a permanent realignment of Australian politics, the loss of support for Labor in heartland areas, as evidenced once again in the recent Victorian state election, is cause for significant concern.”
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