Worst thing is, i have a good feeling the economy will do a lot better next year given the dollar is now weak (our exports are cheaper, growth goes up) and Liberal will get all the credit. They've been really lucky with the mining boom, ousted just before the GFC and put back in, in a likely recovery.
Obviously, i dont know for sure if it'll be better. Greece could suddenly default tomorrow, but not likely.
Lucky …........................ Are you kidding me
If it wasn't for the Coalition setting us up so well in the first place , Labor would not of been able to ride the GFC out as well as they did
Again, the coalition DID NOT CAUSE THE MINING BOOM. that's hundreds of billions of dollars growing at well over 8% per year. The tax was flowing in like there's no tomorrow, like they do today the treasury would get the revenue prediction wrong, except back then they'd predict too low a revenue while now they predict it too high.
So good job on them collecting money, not knowing what to do with it and setting it aside. The GST, that's fair the was an unpopular decision (i think) but a good one. But, in terms of 'hard' decisions, it was as unpopular but still good for the economy (or environment) as the carbon tax. If you are against making carbon intensive practices more expensive to discourage them then i can't help you.
Labor are the ones that actually implemented the stimulus package, one of the, if not THE quickest and best targetted stimulus package in the world which allowed us to keep growing during 2009! An amazing feat. For reference, Britain is only **now** getting their GDP back to where they were in 2007\. 0% growth in 6 years. We've achieved something like 15% real growth.
Edit: Although they got in the GST, they also raised the highest tax bracket from 80k to 180k, or something equally as short sighted, and we're still facing the issues from that, since that meant less equal taxation and less taxation.
The best targeted stimulus package :roll
Your Gerry Harvey aren't you
A well implemented stimulus package would of been spread out over 3-4 payments
All that happened in my business was I had 2 sales records weeks and plummeted below my previous figures