It was/is true that the senate protected us from the unfair aspects of the budgets the Coalition handed down, but they also saved us from the recession that would have eventuated from the cutting of so much petrol from the economy.
The Res Bank lowered interest rates under Labor to drop the dollar, which at US110c was too high. They had a target of 85c to kick start exports to help the balance of trade. Well under the Coalition, the economy has become sluggish, so the Res has had to drop rates even further - another 4 times. The dollar is around US70c and we are all waiting for the flow on – the last BoT was a record in the wrong direction, while business and consumers have not rushed to take advantage of emergency level rates. Can you image what more cuts will do to the economy in this situation?
- Forums
- Political Debate
- Dumb and dumber
Dumb and dumber, page-64
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online