" Our response to that, our plan is to number one, ensure that we diversify our economy and grow jobs out of other sectors like manufacturing, food processing as well as the services industries, so that we don't have all our eggs in one basket, and number two, to make sure that we can do that by boosting national competitiveness. Because my fear is that we might end up in the future pricing ourselves out of international business."
Everything this Government has done has reduced competitiveness.
-Introduced a carbon tax
-Increased FHB grants which made property more expensive, leading to cost push inflation.
-Increased AUD from increased IR to cool overheating from massive poorly targeted stimulus including property
-Stricter work place reforms
-Increasing debt which will need to be taken out of the future economy to repay
This guy, Rudd is obviously out of his depth or has very poor advice.
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- 7.30 report thursday night abc
7.30 report thursday night abc, page-16
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