Well at least Eagle admitted yesterday that he hadn't realised, till I brought it to his attention yesterday, that the new Super Tax clicks in after the company has achieved a return equal to the Bond rate.
So maybe when the wider community starts to realise the enormity of this Federal Government's 'con job' on the resources industry (and many retirees)the backlash will continue to grow. According to news reports this morning Rudds' popularity has dropped even further.
It is a sign of this goverment's desperation that Rudd had to stoop to the denigration of foreign investment in this country. Without foreign investment this country would still be trying to live 'of the sheeps' back'. I thought this country had grown up beyond such childish petulance. What will we see next 'The Little Red Book'?
