RBA went too hard in raising rates. Rudd was saying on TV last night that Greece shows that we are not out of the woods and yet is crazy enough to propose a 33% rise in tax for the miners, the main driver of teh economy that stopped Australia from going into recession.
Before anyone argue about the 33%, I am using exactly the method Swann used to describe his 2% company tax cut as 6% because 30% was used as the base.
