Thank you fatso - I read that. In other words the so caller...

  1. 2,158 Posts.
    Thank you fatso - I read that. In other words the so caller 'lower taxing' ALP is also bull dust - more spin.

    Construction contracted drastically again today, down 27 months in a row. The trade deficit was also a shocker:
    "
    Australia recorded a wider-than-estimated trade deficit in July as weaker exports of gold and iron ore outpaced a decline in imports of industrial equipment. The shortfall was $556 million, from a revised $227 million deficit in June, the Bureau of Statistics said in a report in Sydney today. Economists had predicted a deficit of $300 million."

    Ref: http://www.smh.com.au/business/the-economy/trade-deficit-doubles-as-exports-fall-20120907-25iog.html

    Whoops I hear Yeldub's wonderful KPI's deflating - GDP recently fallen to 0.6% for the quarter and 0.5% of that from government debt based spending - so GDP almost in recession. If we look harder I think you will find this is a recession and deteriorating fast.

    And ALP racking up debt that will be much harder to pay back. Election urgently needed to slow the rot.

    CW
 
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