RE: The Back of the Wave by bashadow

The only way Australian rates will not go up after the election is if the people reelect enough of the current people. If a new party wins, or more opposition people win, then one month after, like you predict, the rates will go up, and the out going party will be to blame for overspending. I do not know how the Australian Government or elections are set up, but most elected governments have at least two different sides. Their versions of Republicans and Democrats.

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@tarazkp · Jan 9 '22

$0.17

I suspect that even if they do reelect, the "promises" will go unfulfilled, *like normal.* It has happened many times before - but once in, the governments have 3 years (election cycle) to try and affect opinion. 

But yes, the outgoing party will take the blame and then 6 months later, the new party will be blamed for not turning it around fast enough - politics is useless... 

>Their versions of Republicans and Democrats.

It is similar in Australia, though there is a fair bit more diversity. In Finland, there is even more party diversity. Pretty much, all governments are coalitions.

👍 bashadow

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