While certain perople in the Party are trying to knfe him – all based from the latest Newspoll Bootstrap – WA Labor Leader Eric Ripper wrote the following Note on his Facebook page:
Take a look at this graph:
What it shows is a huge change in the number of businesses becoming insolvent (or, in other words, going bankrupt) in Western Australia between the time when the previous Labor Government was in power and the last 3 years of the Barnett Government.
Under Labor, the number of business insolvencies gradually fell but soon after the Barnett Government took power, insolvencies rose steeply and are continuing to go up. Some of this initial increase could be related to the 2008 global financial crisis, but 3 years later, and with WA’s economy booming again, insolvencies are still going up.
What does this prove?
First, that it’s tough in the two-speed WA economy for business and especially small business. Secondly that while the resources industry is experiencing a huge boom, other industries are finding their backs against the wall.
The Barnett Government have made no real effort to arrest this trend. It has opposed legislation to protect franchisees, opposed Labor’s proposed legislation for more local jobs from the big resources projects and failed hopelessly to ensure new trainees are entering the workforce.
The Liberals like to tell us they are the friends of small business, this graph shows they are closer to their worst nightmare.
The Barnett Government must act to support small business and prevent WA’s economy from becoming even more divided between the winners in the resources sector and everyone else.