Scott Morrison warns of economic downturn under Labor

“I’m being very clear with Australians. No use on the other side going ‘oh, I didn’t really realise that it would have that impact’. It will have that impact.”

“The reason I introduced that levy was that it was making up for a market advantage that larger banks had over small financial institutions,” he said. The comments suggest bank levy would remain under a Coalition government even if the budget returned to a strong surplus over time. The government estimate also includes policies to stop Coalition tax policies over the decade, such as Labor’s stated plan to cancel the second and third stages of the government’s $144 billion income tax cuts legislated last year.

GDP is down, wage deflation abounds, consumer spending is down, Australian dollar is down... Australia was doing really well under Labor, best performing economy in the world. The only people doing well under the LNP is the 1%.Vote Labor for your kid's sakes.

Half right. Warren Buffet and other economists with credibility are warning of a turn down regardless of ho is in power. Stop twisting truths

If there is any economic downturn, it will be because the ALP inherited your mess. doubledebt stagnant wage growth, lowest interest rates, cuts to social services.

'Envy'? People in highest 20% of the wealth scale hold nearly 2/3 of all wealth, while those in the lowest 50% hold only 18% of all wealth. Average wealth of a household in wealthiest 20% is 5 times that of middle 20% & almost 100 times that of lowest 20%

What garbage - this has zero economic policies - it's literally let business do what they want (banks) and hope for the best. Oh and trickle down..

Bullies are weak You&your mob are bullies Every time you mention Labor & Bill you show your envy Labor & Bill are enterprising & have multiple policies that advantage ALL Australians. You've nothing Please take your COALition with all its ineptitude & corruption&just go auspol

Not only that. Labor would open our borders to Centrelink rapists

Australia has outgrown the liberal party

Same old same old. Scare scarecscare. Yawn...

I know right? The economic downturn is WELL underway and had been for several months and guess what!?! It happened on the LNP!!! Hahaha, how stupid do these clowns think people are?

Not denying the importance of a healthy economy, but what about ethical, moral, environmental and humanitarian downturn under Abbott-Turnbull-Morrison Governments?

What might they double the debt?

Yes created by LNP now Labor will be expected to fix it AGAIN

That’s a curious yellow, I felt the thud as we hit the bottom of the barrel, I look up and see the sky. There is very little margin to fall any further really. Does anyone know what the hell he’s talking about? Does he? Just more “spin” apocalypso style!

Oh this old scare tactic, again!!

wendoureeswans Not interested in his lies. Blah, blah.

Hey Scott, don't worry about what you think Labor might do. We are adults, we can decide. How about you give us a few policies though, so we can 'compare the pair'. Honestly, this whole 'it's all Labor's fault' thing is *really* wearing thin.

Since the LNP have no narrative or policies what else have they got to talk about. Only doom and gloom under the alternative. Remember that this govt has spent the last 5 years fighting with itself. They don’t even have an energy policy.

It will be under the ALP for sure but not totally of their doing.

Like clockwork they wheel this shit out.

The downturn is already here - under YOUR watch ScottMorrisonMP

ScottMorrisonMP more scaremongering. timeforchange

$1 Trillion debt by 2022 under Labor is certain. Show a Labor state or federal government who has not run up debt in the last 30 years, or one who reduced or paid off debt. There are none! Their record speaks for itself!

He is just a fear monger. He is not smart enough to know.

I’m tired of the blame game you started the economy failure just like last time auspol

It’s already under way, scapegoating labour is what I would expect from this one.

We're not safe until he's dead He'll come stalking us at night Set to sacrifice our children to his monstrous appetite He'll wreak havoc on our village if we let him wander free So it's time to take some action, boys It's time to follow me... LNP = Beauty & the Beast? auspol

wendoureeswans Started by whom? Given as how it takes a while before government policies start to take effect? Let’s just start the blame game before it even happens.

Any positive policies ? Vision for a more inclusive compassionate society? One in which we look after our most vulnerable? And aim for equality and financial security for all especially low income earners older single women and pensioners?

Course he does no NEWS there

Scaremongering by talking down the economy is a very risky strategy. It seems there is no tactic that is off limits for our Chief Scaremongrel.

All engineered by 5years of an incompetent LNP government. sure the leftover LNP dregds will blame labor along with there propaganda wing the murdoch press for the next 3years.

Looks like someone’s getting just a little bit desperate

Of course! He spent years creating it. Duh.

wendoureeswans We already have one! LNP caused it..

So labor are going to win?

wendoureeswans With made up figures. You asked for the source of the calculations? BTW IPA think tank is a crèche for the semi illiterate And The Menzies is a shelter for the unemployable children of ex-politicians. I won’t accept them as sources and neither should you.

I don't trust you Mr Morrison

Clasping

How far has fallen. Now a print puppet of Nine Entertainment and Peter Costello. Wouldn't wipe my arse with it these days auspol

There is ALREADY an economic downturn. Jesus, report the fucking NEWS!

The prophet of doom!

Yes, and the Liberals ‘golden egg’ promises ain’t worth the words they make false promises with. ScottMorrisonMP has no real answers, nor true words he can utter to prove anything the Coalition promise.

fucked either way now. too late.

note “even further”. And who is in government?

Or...’economic downturn, due to economic things that governments do not control’. Or not. If nothing happens, that’ll be due to his brief, unelected leadership. Meh.

Last time Labor in power it had to deal with the GFC and came out on top beating every country along comes LNP in good economic times and have tripled the deficit so you tell me Scummo why should we believe you Auspol

Bullshit

Tomorrow's news: Scott Morrison will announce that under Labor Earth's magnetic field will reverse. North will be South on the compass. Then the sky will fall.

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Scott Morrison warns of economic downturn under LaborThe Prime Minister was careful when asked if he was actually saying Australia could go into recession under Labor. Because his govt is leaving us with double debt, little wage growth and an impending recession? That’s labor’s fault is it? And this would be the gov that removed the debt ceiling and managed to triple gov debt How many more days do we have to suffer these moral bankrupts? They are truly pathetic. Lol ScottMorrisonMP the downturn is in full swing now and it happened under your government.
Source: smh - 🏆 6. / 80 Read more »

Scott Morrison stokes fears of a recession under Labor | Sky News AustraliaScott Morrison has stoked fears of a recession under a Labor government, warning a vote for the Opposition would be an 'economic leap in the dark'.\n\nLabor has dismissed warnings of an economic downturn as 'desperate and dishonest', with Shadow treasurer Chris Bowen slamming Mr Morrison's comments as 'highly irresponsible'.\n\nWhen asked if he was being alarmist by raising the prospect of a recession, the prime minister said, 'I think it's the truth.'\n\nImage: News Corp Australia \n\n\n\n\n I give you TheMorrisonRecessiom ACCI Chief Executive James Pearson, just another talking head who can't answer a simple question ! 👨‍🌾
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Scott Morrison stokes fears of a recession under Labor | Sky News AustraliaScott Morrison has stoked fears of a recession under a Labor government, warning a vote for the Opposition would be an 'economic leap in the dark'.\n\nLabor has dismissed warnings of an economic downturn as 'desperate and dishonest', with Shadow treasurer Chris Bowen slamming Mr Morrison's comments as 'highly irresponsible'.\n\nWhen asked if he was being alarmist by raising the prospect of a recession, the prime minister said, 'I think it's the truth.'\n\nImage: News Corp Australia \n\n\n\n\n He’s probably right, like it or not I aggree. Big spending Bill will blow our credit card into space. We need to get our debt down. Stop imagration for at least 5 yrs. Stop the boats and dont give the Greens are chance to start them up again. It's all the LNP is selling, fear. Totally devoid of ideas. In a state of utter policy paralysis, surrounded by incompetence. Led by a leader who is only keeping the chair warm. VoteThemOut
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Scott Morrison stokes fears of a recession under Labor | Sky News AustraliaScott Morrison has stoked fears of a recession under a Labor government, warning a vote for the Opposition would be an 'economic leap in the dark'.\n\nLabor has dismissed warnings of an economic downturn as 'desperate and dishonest', with Shadow treasurer Chris Bowen slamming Mr Morrison's comments as 'highly irresponsible'.\n\nWhen asked if he was being alarmist by raising the prospect of a recession, the prime minister said, 'I think it's the truth.'\n\nImage: News Corp Australia \n\n\n\n\n Does doubling the debt in 5 years sound like spending is under control....? Rubbish, the coalition have lead us to this recession, can you imagine going through a recession needing stimulus and having the coalition cut everything, again it's up to Labor to get Australia through the hole the liberals lead us into
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Scott Morrison says tackling disrespect key to reducing violence against womenThe federal government will inject $328 million into programs to prevent domestic violence, the prime minister has announced auspol Nothing for three years, then suddenly all these announcements in a desperate attempt to salvage the deckchairs before the Titanic goes under. 👏👏👏 It should be known as Major Violence, not domestic, this lessons it's impact. Mandatory jail time minimum should be some years. Make the name sound as bad as the violence is, can be and always will be. Women are being bashed to death daily and we are calling it domestic violence.
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Scott Morrison pledges $328m to prevent domestic violenceThe federal government will inject $328 million into programs to prevent domestic violence, the prime minister has announced. 'Anything you can do I can do better'. Morrison is living in a Broadway musical... auspol TOO little, TOO LATE Yet still no laws making DV illegal.
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The massive cultural shift Scott Morrison is in danger of missingOur country is waking up to the fact that, over a very long period, many people have lost, so that others can get ahead. '.many people have lost, so that others can get ahead. Bank profits, the protection of the church’s reputation, money made by polluting industries, the extraction of valuable minerals from land inhabited by Indigenous people, the incredible wealth enjoyed by some individuals..' JamesDo73601186 Brilliant article. Pretending to be concerned about 'the losers' isn't easy but nobody REALLY cares about the losers. Single parents are the most financially stressed citizens but they've been properly stigmatized. Pretend caring about aborigines works because, it just does.
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The massive cultural shift Scott Morrison is in danger of missingOur country is waking up to the fact that, over a very long period, many people have lost, so that others can get ahead. We can blame 70 years of socialism/crony capitalism for the mass of population feeling alienated when the government doesn't listen to them, but the cultural Marxist identity groups. ...Like the indigenous Australians?
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Prime Minister Scott Morrison to pledge a record $328 million to combat domestic violenceThe Morrison Government is set to develop Australia's first national strategy for domestic violence prevention Why has he waited until now? Has treasury actually costed this one , or he’s just randomly shooting off at the mouth again? How much did Abbott cut?
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Latest Newspoll shows Scott Morrison up one point as preferred PM | Sky News AustraliaThe Australian’s latest Newspoll shows that Scott Morrison is up one point as preferred Prime Minister at 44 per cent, while Bill Shorten is down to 35 per cent.\n\nIn terms of two party preferred, there is no change from the last poll with Labor polling at 53 per cent, and the Coalition at 46 per cent.\n\n\n\n\n\n\n\n PeterGleeson63 DaisyCousens if the public elects Shorten then it is clear that they want a South Australian style electricity grid Nation wide, 50% wind, 'junk electricity' and I can't wait PeterGleeson63 DaisyCousens Sucks for you that preferred PM doesn’t mean shit... 🤣🤣 PeterGleeson63 DaisyCousens Any way*
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