Lights out for Albo’s honeymoon

It’s been so obvious for so long that it’s hardly worth repeating. The energy shock switched the lights off on Albo’s honeymoon:

Almost half of all Australian voters believe they will be worse off over the next 12 months following Labor’s first budget, with the number of people who believe it will be good for the economy at the lowest levels on record.

An exclusive Newspoll conducted for The Australian shows that Jim Chalmers’ budget last Tuesday was the most poorly received for helping the household budget since the Coalition’s 2014 failed austerity drive.

However, fewer than one in three people believed the Coalition would have done any better.

Similar findings are available at Resolve:

Eighty per cent of Australians support calls to put a price cap on power to ease pressure on energy bills as federal ministers consider the contentious move.

The price controls have gained much greater support than other measures to confront the higher bills forecast in last week’s federal budget, with 59 per cent in favour of paying taxpayer subsidies to households on low incomes.

The exclusive findings also show that more than one-third of voters believe Labor has broken its election promises to cut power bills and boost wages but a bigger group, 53 per cent, believes it is too soon to tell if the pledges have been dumped.

Albo’s cowards have begun to fall back:

An exclusive Newspoll conducted for The Australian following last Tuesday’s budget, shows Labor’s primary vote lifting a point to 38 per cent. This is more than five points higher than its election result of just 32.6 per cent.

The Coalition, however, has also gained ground, lifting four points since the last poll to reach 35 per cent and regaining all the ground lost since the election.

The significant lift in support for the Liberal-Nationals primary vote has produced a four-point turnaround in Labor’s two-party preferred lead, reducing the gap from 57-43 per cent to 55-45 per cent.

Only the disastrous duo of a singularly repulsive leader and energy reprobate treasurer are preventing a much faster fall for Albo’s cowards.

What a choice of nightmares for Australians.

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.

He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.

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