Troubled times on the horizon

The Howard Government's performance reminds one of the Titanic disaster.

The claims of "experienced hands", "sound economic management" and Australians "never having had it so good" are indicative of an aura of exceptional well-being.

However, the reality is suggestive of troubled times on the horizon.

To begin with, there is a record private sector foreign debt, growing steadily worse.

The level of personal debt of Australians has never been higher either, and still growing as well. House ownership is unaffordable for most young people living in cities.

Many are defaulting on their mortgage payments and having their houses repossessed.

Increasingly renters are in dire straight.

Repeatedly we are told that unemployment is at a 30 year low, at 4.5 per cent, but we are not reminded that unemployment between 1950 and 1975 was between one and two per cent, total full employment.

Although the drought is an external circumstance, handling it has left much to be desired.

The prospects of the country folk are very poor as well.

Eleven years' lack of effective action on the environmental protection front has cost Australia already dearly.

The Treasurer has acknowledged that Australia's economy is actually "delicately poised" and "precariously balanced", then claims that only the Howard Government is competent to handle such a situation.

It did not seem to occur to him that this very situation suggests poor economic management.

How come we regularly have massive Budget surpluses while infrastructural projects are languishing or simply don't happen?

Regularly, the ALP controlled states are blamed for all this but why is it that the Howard Government hasn't lifted itself above playing politics?

Instead, it has accumulated an electoral war chest to now present itself as generous providers.

The cost of Federation is around $30 billion a year but the Howard Government has done nothing to initiate structural changes.

Mr Howard is trying hard to promote his nuclear agenda for Australia in spite of the very high cost of that venture.

Apart from all other negatives associated with that ambition, just in terms of economic management that makes no sense either.

The scandalous growth in income and asset inequalities makes a complete mockery of egalitarianism.

The privatisation of numerous public enterprises have often been of very dubious economic value.

Public management has been politicised and corporatised.

Its effectiveness and professionalism has deteriorated.

The public-private partnership disasters are there for all to see.

In this so-called thriving economy, the enduring skills shortages are further evidence of poor economic management.

The growing cost of the deteriorating health sector, especially hospital and dental service delivery, is a crazy situation.

The growing imbalance of public and private education is the opposite of sound economic management.

A recent Organisation for Economic Co-operation and Development (OECD) Report, again, shows that public spending on tertiary education in Australia is among the lowest of the developed world.

The WorkChoices legislation makes a mockery of choice and has proven very detrimental to work life, clearly a cost to the nation.

WorkChoices has reinforced Australia's adversarial workplace culture.

That legislation has been a costly mistake altogether.

The staggering unproductive taxpayers' money spent on advertising by the Government and, of necessity, by the retaliating unions, can only be described as unbelievably wasteful.

Progressive strategies to create productive workplaces, common in many overseas countries, were not on the radar.

If we add to this the unnecessary cost of the ill-fated Iraqi War and the highly debatable value of the US Free Trade Agreement, it is laughable to speak of sound economic management.

Thanks heavens that the Reserve Bank has carefully handled the interest rate levels, independently of the Howard Government.

Luckily, the resources boom, including the exports of liquid gas to China and yellow cake to Russia and, likely, India have cushioned and hidden the economic weaknesses.

This is largely the result of strongly-growing foreign demand.

Furthermore, it is widely recognized that the economic management by the ALP in the early 1990s provided much of the groundwork on which economic progress could be built.

It is the Lucky Country revisited but we shall have to listen a few more weeks to the nonsense that the Rudd led Opposition "lacks the experience".

This is a silly claim.

No Opposition is in Government.

It is deliberately kept away from Government in the Westminster system.

But at least it affords Opposition members the opportunity to figure how not to manage the country and what is required to avert the disaster which could well be the Howard's Government legacy.

Klaas Woldring, Woy Woy