State Election or Muppet Show?

Reddit

Well that’s the last state election we’ll have to put up with for a while, which is probably a good thing, seeing as the string of state Liberal losers has looked more like an episode from the Muppet Show than a political party.

Their biggest problem of course is that state governments don’t have enough power to make them a major concern in the eyes of the public. Sure they get tax revenue, and sure they are as quick to spend it as any level of government. The difference is that they are responsible for a whole bunch of things which the majority of apathetic citizens don’t think about on a daily basis.

The result? Unless you really, really, really hate the leader of the governing party, why bother voting against him/her? When the economy is moving along quite nicely, when employment is running a multi-decade highs, when the populace still seems to have enough free cash flow to fling around, why upset the boat?

Anyway, there it is, another one out of the way, now all we have to look forward to is the two big-shots, Howard and Rudd, kicking off the fight later this year. What joy!

Kris Sayce
The Daily Reckoning Australia

Kris Sayce
Kris Sayce, dubbed the ‘Jeremy Clarkson of Australian finance’, began as a London finance broker specialising in small-cap stock analysis on London’s Alternative Investment Market (AIM). Kris then spent several years at one of Australia's leading wealth management firms. A fully accredited advisor in shares, options, warrants and foreign-exchange investments, Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. He is currently the Publisher, Investment Director and Editor in Chief of Australia's most outspoken financial news service — Money Morning.
Reddit

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au