heh idk which Matt at the smh was talking to 702 tonight but the essence of his story is that government and the banks are scrambling to set up credit lines for business so they can pay workers because the big exciting headline $130B government spend is not in fact flowing yet.

gotta admit that “banks bail out businesses that are bailing out government for hastily-announced business bailout policy which was branded as [publicly funded] workers saviour package” was not on my list but here we are.

Labor financial crisis stimulus policy: underwrites banks.
Liberal pandemic “policy”: asks business to underwrite “stimulus”, and banks to underwrite business.

this is text book neoliberal fuckup. The Morrison government directed its signature spend, the billions that had Speers and the crew all the one they marketed as “stimulus” and “for workers”, to employers. Yeah nah mate. Gonna need the banks to bail yas out now.

looks like “jobkeeper” is so politically pro-biz in thinking and pretend-pro-worker in announcement that the Liberals need their banker mates to provide cash n credit flow or the thing will not only not get off the ground at all but accelerate the crashing of the economy.

but hey I’m not an SME boss, could be wrong. All I know is being a casualised employee and ABN freelancer who reported to centrelink for a decade while singlehandedly raising 3 kids and getting an LLB while watching the Liberal Party haters do their thing lol what would I know.

there is an actual human on the radio saying that the fact this Liberal government has no idea how to pay for its bullshit announcements and crap neoliberal policies is somehow because Morrison has gone socialist omg how fucked are stockbroker bros.

the host, as economically illiterate journalists always do, agreed with the rivkin fuckwit caller that this neoliberal mess Morrison has created somehow belongs to some ideology other than neoliberalism.

like patriarchy and white supremacy and colonialism, it is incumbent on every neoliberal schill to make their crap ideology as invisible and normalised as possible.

the two-faced Liberal Party politicians and their vested fuckwit mates in the press gallery are labelling these very poorly executed neoliberal policy settings something else for one reason only: to blame “socialism” when their neoliberal screwups come home to roost.