Thanks to labor and the existing treasurer there is a chance Australia will have its own domestic GFC an Australian variety. After the rest of the world has emerged from this period.
I recall history telling us that in 1900 Australia and Argentina started about equal. Today argentina is a distant second due to endless periods of corruption and poor government.
Lucky for us we have had long periods of LNP governments punctuated by wasteful labor governments.
M&M if Swan Gillard and Rudd did anything it is mortgage our future to foreign countries by way of debt.
We came through the GFC because of mining and the terms of trade. Australia was one of the few countries to run a trade surplus with Japan and china. Yet we still,generated debt.
As I have said to you and the absent Dust who must be on an RDO, Rudd justified the waste to SUPPORT 200,000 jobs. Unless they were all rocket scientists or astro engineers we paid to much. Because every Australian family of 5 has a combined foreign debt of $60,000.
Deduct those that do not work, the old and the young and this is a very scary number. I know it is a debt I don't need to service.
Labor will go because they managed Australia badly and the 200,000 supported job holders will help vote them out.
