The investment pipeline is ether. Swan and Gillard seem to believe this money is in the bag yet it can vanish and get redirected elsewhere overnight and as more and more projects are deferred and investment re-directed. Try telling the 1000 ex-FMG employees we are still in a boom.
How long will it take the new government to dig the nation out of this mountain of debt and rid it of the high paid ex-union bureaucrats that permeate every level of the public service?
4 years won’t be enough, yet I suspect the public will quickly turn on the successors as the river of debt and cash handouts are stopped and proper financial rigour instilled. Gillard still has 12 months to raise the debt levels and absolutely destroy the nation’s financial credibility. 12 more months of the unions running amok, destroying business’s and rorting their members… and all the while the ‘dependents’ do nothing. They are as much to blame as Gillard and her Union overlords… yet will gleefully sail into the sunset on fat pensions and lifetime travel benefits.
