Follow The Money A chance to be brave: understanding Australia's election result
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May 7, 2025 In this discussion, Amy Remeikis, Chief Political Analyst at the Australia Institute, and Greg Jericho, Chief Economist, explore the implications of Labor's recent electoral victory. They dissect the shifting political landscape, emphasizing the urgency of tackling Australia’s housing crisis and student debt. Both guests highlight the potential collaborations between Labor and the Greens, and the challenges the ruling party faces in fulfilling ambitious reforms while managing public expectations. Their insights reflect a pivotal moment in Australian politics.
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Labor's Strategic Win
- Labor's victory was driven by their disciplined campaign and the Liberals' disastrous one.
- The Liberals failed to offer concrete alternative policies, hurting their credibility.
Tariffs Shifted Election Focus
- Trump's tariffs and economic chaos shifted voter focus from cost of living to competence.
- Labor appeared to manage better, while Liberal responses confused voters.
Preferential Voting Boosts Labor
- Labor benefited from preferential voting despite fewer '1' votes.
- Liberal vote collapse helped Labor win seats even as Greens fell short.