This weekend’s promises

Posted by on November 4, 2007, 1:52pm, 334 views

The parties have had a break from cloning each other to make some feel-good announcements this week. There was nothing stunning about them and they are unlikely to sway many votes.

Labor revealed a plan to create tax breaks for first home buyers. The $500 million pledge is designed to address the problem of housing affordability.

It’s little more than a symbolic gesture really, and will only help at the margins of what is a growing malaise. As I mentioned previously, major surgery is needed if the government is to intervene constructively.

The Coalition’s announcement was a $10 billion “transport plan”. This is focused on road and rail improvements in Victoria, New South Wales and Queensland.

Although welcome “news” it isn’t really news in the sense that $23 billion for the Auslink program was announced in the May budget. Both parties are just in the process of saying how they will spend that money.

These articles might be of interest:

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