PM dismisses Abbott's mining boom claims

PM dismisses Abbott's mining boom claims

Posted in the Australia Forum

Since: Dec 10

Perth, Australia

#1 Oct 3, 2012
Well Gillard and Swan have to explain it because they were the one stating loud and clear that our economy is going great guns and the Mining sector is strong for the future, that no longer seems the case so something has happened to change their way of thinking....

It can't be the dollar that is to blame because that has been up for a while now, so the only other major change is the carbon tax...

Now that might not be the case, but that is what most people will see it as, unless Labor spend another 200 million on ads to change their minds.

http://www.abc.net.au/news/2012-10-03/pm-dism...
Foo

Northgate, Australia

#2 Oct 3, 2012
It's very basic economics 101....we rely to a certain degree upon commodity exports....the demand has slowed a bit , and the commodity prices have almost halved.....those who would like to live under a never-ending commodity boom will be dissappointed......but demand has far from dissappeared or is likely to.....bottom line= those who gladly accept the best of economic times ,also must accept any downturns.....the world does not owe Australia prosperity , we must work for it ,and earn it, like all others.........

Since: Dec 10

Perth, Australia

#3 Oct 3, 2012
Foo wrote:
It's very basic economics 101....we rely to a certain degree upon commodity exports....the demand has slowed a bit , and the commodity prices have almost halved.....those who would like to live under a never-ending commodity boom will be dissappointed......but demand has far from dissappeared or is likely to.....bottom line= those who gladly accept the best of economic times ,also must accept any downturns.....the world does not owe Australia prosperity , we must work for it ,and earn it, like all others.........
Lovely speech, but it doesn't let Gillard or Swans rallying of the economy chants for the masses look any more credible, does it?
Better Aussies

Camberwell, Australia

#4 Oct 3, 2012
I'd like to see labor try & sell having union, public sector & politician wage increases tied to growth trends. They'd get a 0.7% wage rise this year. And if we get into recession, 0% or less growth, they'll have to start to pay us back.
Foo

Northgate, Australia

#5 Oct 3, 2012
....that depends entirely on the individual.Personally ,I take little notice of spin from either party , and prefer to find out the facts for myself.....more economics 101..IE. the economy is quite sound, and there is certainly no call for any pessimistic views or economic "talk-downs".....I would consider ,reducing government debt as a priority ..not desparately , as the Coalition puts it , but prioritised to the top of the economic agenda.......

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