The_Ceasar, with the global prices for energy and materials plummeting and resources in the cross hairs of investors Tony Abbott has banked on a coal led economic recovery.
Yet even as Abbott has thrown $Billions the way of multi-national mining companies coal is collapsing and investment in new mines placed on hold. Today's dreadful 8% smack to energy stocks by itself should have been a "wakey, wakey" call to our Jurassic Era PM.
Increasingly economists are factoring in recession for Australia in 2015, it may even deepen and endure! But with the impact of all those auto sector, defence industry, public service and research job losses yet to play out the near future is looking increasingly grim.
Of course, the next election is due in September 2016 and almost halfway to it Abbott still hasn't steered his first rotten, unfair budget through Parliament!
And yet amidst all this, Abbott is still talking about his PPL and championing 'a review of the GST'. Small wonder people increasingly talk of him as the worst PM in our history and grimace when his facial features invade our television screens.
