The hypocrisy is breathtaking. Peter Costello, now a "respected commentator," laments that Australia hasn't balanced a budget for 15 years.
But who laid the foundation for that structural deficit? Costello and John Howard. They squandered a once-in-a-generation mining boom and the proceeds from selling our public assets.
Instead of a sovereign wealth fund like Norway's to secure our future, they gave it away in permanent tax cuts and middle-class welfare. They sold gold at the bottom of the market. They left us vulnerable to the next crisis.
Now he lectures us on fiscal responsibility? The architect is blaming the builders.

#AusPol #PeterCostello #HowardGovernment #MiningTax #NorwayGotItRight #AustralianEconomy #Hypocrite

https://www.youtube.com/watch?v=lSB3mhkz2eo

Australia's Economic Disaster | Peter Costello

YouTube

@amyremeikis.bsky.social

1997

“Last night the (Australian) #ReserveBank said it had reviewed the costs and benefits of holding gold, and decided that "while there was a case to hold some gold as a contingency against unforeseen events", keeping a fifth of its international reserves in gold was "no longer justified". Commenting on the sale, the (Howard Liberal Govt.) Treasurer, Mr #PeterCostello, said: "Gold no longer plays a significant role in the international financial system.”

“The sales, worth more than $2 billion, were conducted stealthily over the past six months, during which time the gold price has fallen from around $US360 an ounce to less than $US335/oz.>

#LNP / #WealthManagement / #gold / #straya 🤪 <https://afr.com/politics/reserve-dumps-gold-19970704-k7kbx> / <https://archive.md/7CNSa>

Reserve dumps gold

The Reserve Bank of Australia has sold two thirds of its gold reserves in a move likely to be seen as a vote of no-confidence in one of Australia's principal exports.

Australian Financial Review

@Gracchus

1. "said she organised a pair in parliament to negate her absence on votes."

Who in hell in #Labor would extend this courtesy to a J. Peterson-loving bigot?

2. Other AU #MurdochAdjacent figures slated to attend the Jordan Peterson-Civilization Fest, #AllianceForResponsibleCitizenship, are #TonyAbbott, #JohnAnderson, #PeterCostello, #PetaCredlin and #ChrisUhlmann, #GregSheridan & #PaulKelly.
Also invited were #BridgetMcKenzie, #SusanMcDonald and #JonathonDuniam.

Nine board chairman Peter Costello resigns after reportedly assaulting a journalist
https://www.abc.net.au/news/2024-06-09/nine-board-chairman-peter-costello-resigns/103957314

Peter Costello always was a bully, and although not known for being a physically abusive thug, he sure was an entitled piece of shit.
As the Federal Treasurer during the disastrous years of John Howard being Prime Minister, Peter Costello displayed an aptitude for class-based disdain for those he thought were beneath him.
After retiring from politics, he was the recipient of a generous nepo-hire as Chairman of the Board at the Nine Entertainment media empire, where he continued to push his RWNJ agenda.
Good riddance and fuck off, Peter Costello.

#AusPol #PeterCostello #JohnHoward

Nine board chairman Peter Costello resigns after reportedly assaulting a journalist

Nine Entertainment's board confirms the resignation in a statement, saying Mr Costello will "step down from the board effective immediately". 

ABC News

Former federal #lnpfail treasurer #PeterCostello, chairman of Channel 9 and owner of #SMH rag, decides that #albo is having a potential leadership crisis .... and naturally we want everyone to read it, so it's not behind a firewall. Ffs give up #Thisisnotjournalism

https://www.smh.com.au/politics/federal/i-was-elected-unopposed-albanese-reacts-to-tanya-plibersek-s-comments-on-2019-leadership-contest-20230304-p5cpdc.html

‘I was elected unopposed’: Albanese reacts to Tanya Plibersek’s comments on 2019 leadership contest

Tanya Plibersek also took to social media on Saturday morning to reveal the trauma behind her decision to not contest the Labor Party leadership.

The Sydney Morning Herald
@PaulHeywood My view is #theAge skews slightly right, especially since #PeterCostello took over. If you look at the graph it could be slightly right and still be defined within the range of "centre".
Fvcking #PeterCostello is as bad as #Murdoch! I'm watching local #Channel9 News - #NBN up here & instead of asking/interviewing the Govt Media Minister they have that stupid Patterson from #Opposition - the #LiarNastyPricks. They always do it. It's as if there's not an #ALP Govt.