tassie stuffed, the nation next - abbott, page-23

seer

Re your post;
"not talking australia down Misty just giving the true facts of the matter painfull as they are"

Please provide the 'facts' that you are using to justify your comment, since a quick reality check of major indicators revealed that DESPITE having to recover from the GFC:

1. Alan Kohler's recent charts depict Australia as close to China in the lowest Public Debt to GDP Ratio [~25%] & lowest Budget Deficit to GDP Ratio [~3%]. That vs the OECD average of 110% & 7.5% repectively.
http://www.alankohler.com.au/previously

2. Australia's unemployment rate is stable at ~5% - roughly the level regarded as full employment & leading to calls by mining companies to allow workers to be imported from abroad.

3. The combination of the value of the $Aussie & the XAO shows that our economy is cruising along.

4. RBA charts show that both underlying inflation & consumer inflation are stable & under control at ~3%.
http://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf

5. Australia has recently experienced record trade surpluses.

6. The NBN is underway & will enable Australia to be a real player in the global economy of the future.

7. Despite Tony Abbott's scaremongering ~$75b of new investment is currently lined up for near-term projects that will further boost our economy.

8. Despite Tony Abbott's moaning about the death of our coal industry Peabody Energy was pretty anxious to pickup MCC.

9. BHP is expected to declare a $20b half year profit.

10. Throughout Australia house prices have thus far survived the GFC & are still relatively stable despite Stephen Keane's predictions.

11. Collingwood won the 2010 AFL GF & will probably win it again this year - 40% of Australians are over the moon!

I acknowledge that some sectors of our economy have been smashed by floods & cyclones & that they need support & time to recover.

I also note that consumer confidence has fallen, that people are not plunging further into private debt & that some streetbound retailers are struggling. However, many people would regard the better management of private debt as a good thing.