Just as we have seen billions of dollars of 'Jobkeeper' money syphoned off to business profits and executive bonuses, by fudging the books. There is an expectation that much of the new assets write-off incentives for business will see billions being channelled into nothing more than investment in "the wife's new Mercedes", with no new job creation.

The government is making a huge mistake relying on the private sector to drag Australia out of the Morrison recession. There are three things required to bust a recession and they are, jobs, jobs, and more jobs. Glib exercises of hiding the real level of unemployment through a short term wage protection scheme (Jobkeeper) or figure manipulation (official unemployment stats) do nothing to save jobs. What is needed is government investment in job creation with sustainability in mind, jobs in infrastructure, jobs in energy development, health, housing, education, manufacturing, services, etc etc, none of this so called give it to the private sector and hope for the best. The only worthwhile thing to come out of the Labor parties mouth is "we need to get ban for our buck", yes indeed we do need to get bang for our buck, but not shooting ourselves in the foot as the gun goes off. Unfortunately Labor seems to be missing in action most of the time when it comes to ways of fighting the Morrison recession.

The left whingers equate Keynesian economics with a license to spend wildly, and as expected the usual left whinge suspects are criticising Morrison for not spending more and for letting businesses make a profit. That small and medium-size businesses create the most jobs seems to elude the public bureaucrats.

Keynes while advocating public expenditure and a fiscal deficit during a recession also clearly advocated for budget surplus during economic growth. That Labor is incapable of budget surplus even during a period of strong growth is an indictment of them.

Morrison's budget is not socialist it is basic economics and the flip side of a surplus when the economy is growing.