BHP RIO to bring down government..Good !

It's crazy all this sad state of affairs came about because some big miner (maybe 2) wanted to keep 32 Iron Ore projects from coming online (and the media misreport it as bieng caused by falling Chinese demand - importing more IO this year than 2014 which was higher again than 2013 when IOP was north of $130/T).

The only difference is the IOP which Walsh just kept taking down the price (and continue to sell cargo at lower and lower prices) so that the Chinese in Dalian kept selling down the futures to maintain teh vicious cycle......and the Coalition is GULITY for allowing this to go on for this long.

They deserve to be tossed out.

http://www.theaustralian.com.au/nat...t-peter-costello/story-fn59nsif-1227302892472

Joe Hockey hits back at Peter Costello

• April 14, 2015 1:07PM

Opposition Leader Bill Shorten has ridiculed Treasurer Joe Hockey’s war of words with Peter Costello and Western Australia over the GST, citing it as evidence of a government “in disarray’’ with “no Plan B’’ to manage collapsing iron ore prices.

Joe Hockey lashed out at Mr Costello after the former treasurer accused the Abbott government of launching a “debased” tax discussion that could create “poverty traps” and damage the economy.

At a press conference in Sydney, Mr Shorten said the government’s “budget mess, dishonesty and incompetence” were undermining consumer and business confidence.

“It is a complete joke, what we are seeing at the moment. We are seeing former Liberal treasurers attack current Liberal treasurers, you’ve got the states begging for crumbs from the bowl of Joe Hockey and Tony Abbott all because Joe Hockey and Tony Abbott cut $80 billion from state-funded hospitals and schools in their last budget,’’ Mr Shorten said.

“This is a government in disarray. If Peter Costello is right, Joe Hockey is a joke — but Australians stopped laughing a long time ago.”

Mr Shorten said the Coalition had “no plan B” to manage collapsing iron ore prices.