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Labor will roll out economic falsehoods for debate: or what Wayne wishes was true.

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Media Release

Authorised and printed by Brian Loughnane for the Liberal Party of Australia Cnr Blackall and Macquarie Sts BARTON ACT 2600

The Hon Andrew Robb AO MP Shadow Minister for Finance and Debt Reduction Federal Member for Goldstein

Monday 9 August 2010



People interested in today’s economic debate should be prepared for a barrage of Labor falsehoods and spin as Wayne Swan tries to defend his poor fiscal record by attacking everyone else.

Here are some robotic Labor messages, phrases and inane repetition you will hear from Wayne Swan - and their real meaning:

“Coles and Woolworths tax”

A Labor phrase designed to scare families about a temporary levy. Coles Managing Director Ian McLeod said on 31 July he was more worried about rising energy prices. Gerry Harvey described it thusly: “That’s crap, it is 100% crap.” The Coalition is reducing company tax by 1.5% for 770,000 companies.

“Uncosted promises”

The Coalition introduced the Charter of Budget Honesty. As of this morning the Coalition has submitted more documents for costing than Labor for this campaign. During the last election Labor submitted 123 policies after the costings cut-off date, and 103 less than 3 days before the election. Labor continues to claim things are paid for with the magic pudding that lives “in the forward estimates” without providing details.

“Saved us from recession”

Wayne Swan should be thanking the Coalition who left him with zero net debt, a $20 billion budget surplus and billions in future funds. Australia’s performance against the rest of the world was a direct result of the health of our economy before the GFC struck, unlike other nations who were already saddled with debt.

“No economic plan”

The Coalition has already outlined a program of savings to wind-back Labor’s reckless spending and plan to repay Labor’s debt. Only the Coalition has outlined a clear framework in Coalition Economic Principles: Rebuilding Sustainable Prosperity.

Although Labor’s faceless men would like to think repeating the same phrase over and over makes it true, the public know that’s not the case.

A Coalition Government will end the waste, repay the debt, stop the new taxes, stop the boats and help families.

Media Contact: Cameron Hill, 0408 239 521