You really can’t turn your back on this Government and things fall apart. Let me ease my way back into this with a look at the economy. The National Bank Survey is now showing the same as the ACCI Survey of Investor Confidence. Here is ACCI:
The actual indicators for National Economic Conditions and Climate For Investment fell further into contractionary territory over the December quarter. . . . Forward projections for GDP growth and Business Investment remain negative suggesting that businesses are not confident that the Australian economy is in full recovery mode.
“Not confident” is putting it mildly. We’ve never had a serious recovery outside mining and the government has gone out of its way even to kill that off through mining taxes, the carbon tax and the Fair Work Act. There’s more but who can keep up.
With Prime Minister Rosa Luxemburg at the helm, there’s no telling what might happen next.