Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Can't afford to let complacency cruel the recovery - again



Download PDFDownload PDF

JIM CHALMERS MP

SHADOW TREASURER

MEMBER FOR RANKIN

CAN’T AFFORD TO LET COMPLACENCY CRUEL THE RECOVERY - AGAIN

Australians were led to believe that 2022 would be better than 2021 but this week’s

consumer confidence figures told a very different and very concerning story.

The worst January data since 1992 is the most recent and most obvious

consequence of a government which took credit for a recovery without taking

responsibility to actually secure it.

It’s another reminder that we can’t have a healthy economy, or a healthy recovery,

without healthy people to power it - and that mismanaging the pandemic response

is mismanaging the economy.

That’s why providing free rapid antigen tests is not only good health and social

policy, but good economic policy too. And why Medicare needs to be strengthened,

not undermined.

The Finance Minister of all people should understand this, but instead he describes

Labor’s policy of rapid tests provided through Medicare as “the worst thing you

could do”.

No, the worst thing you could do is let the virus rip without taking the necessary

steps to manage it.

The Morrison Government’s failure to do its job and supply enough rapid antigen

tests is inseparable from the disaster we are observing in supermarkets around the

country.

A shortage of tests has meant a shortage of workers, and a shortage of workers

means a shortage of fresh food and other essentials.

This is despite multiple warnings since September last year from across the

community, from health professionals like the Australian Medical Association,

from aged care providers, from truck drivers and others.

The Productivity Commission warned the government in July 2021 to secure the

most vulnerable and sensitive supply chains in our economy.

That advice was ignored and now we don’t have enough workers to keep the

wheels of the economy turning.

Australians are prepared to do their jobs, but they need a Prime Minister

and a Treasurer prepared to do theirs.

This is not the first time the economic recovery has been cruelled or compromised

by the Morrison Government’s complacency.

There are at least four other occasions.

In the October 2020 Budget, Treasurer Frydenberg claimed we had entered the

“recovery phase”. But Victorians, still several months from the end of their first

lockdown, were forced to battle with the Morrison government for every cent of

economic support they needed.

Then, in December 2020, Frydenberg kept reassuring us all that the recovery

was “underway”, but the diabolically inadequate COVID Safe app, which still cost

Australians’ millions of dollars, could not trace and track the outbreaks that

Christmas.

Not even the outbreak in Sydney’s northern beaches confining people to their

homes over Christmas made the Morrison government heed warnings for purpose-built quarantine and to accelerate Australia’s vaccine rollout.

By March 2021, the Government was withdrawing JobKeeper well before the end

of the crisis and despite falling over 3 million doses short of their vaccine

targets. In the following month, according to Treasury, around 56,000 Australians

lost jobs as a consequence.

But this didn’t stop the Treasurer from promising Australians at Budget

time, in May 2021, that the economy was “well on the road to recovery”, right

before around 60 per cent of the nation was plunged back into lockdown for

months, because the government had still failed to listen to warnings

about vaccines and purpose-built quarantine.

Almost 360,000 people lost their jobs at the height of the Delta wave and the

economy bled billions of dollars a week in lost activity.

These fiascos caused the third biggest economic downturn on record, in the

September quarter, one of the worst results in the developed world.

But there he was again as part of his Mid-Year Budget Update in December last

year boasting that the economy was “primed for lift-off” and that Omicron

was not going to “stop the momentum”.

Instead, again, it has been held hostage to Morrison and Frydenberg’s failures, this

time on rapid antigen tests.

Now we have the highest case numbers on record; empty supermarket shelves;

confidence and spending plummeting; hundreds of thousands of Australians sick;

even more isolating and at risk.

How many times is Josh Frydenberg going to get it so wrong before he gets it

right?

How many more false dawns and missteps and premature victory laps?

We want and expect a strong economic recovery.

But that recovery would be stronger had it not been held back by so many of the

mistakes made managing this pandemic. And stronger with a government which

takes responsibility for securing the recovery and not just credit for forecasting it.

This opinion piece was published in The Australian Financial Review on Monday, 24 January

2022

MEDIA CONTACT: BRETT MASON 0419 239 811