Aussie economy continues to pwn
2 Comments Published by Tom Gara on Tuesday, May 8 at Tuesday, May 08, 2007.
Australia is in the money, big time. The Aussie economy has kicked ass for as long as I have been aware of what an economy is, and shows no signs of crashing. Most amazingly, from the Telegraph article linked, is that:
It will be tough for the Labour party to win an election this year when the current Liberal government have presided over such incredible economic growth - especially with the Liberal's throwing money around left right and centre in this year's budget, giving huge tax breaks, payouts and bonuses to, among others, parents, low-income workers, solar energy purchasers, technical education and anybody else who has a passport and votes.
I anxiously await the launch of the young-aspiring-writers-living-in-Egypt rebate plan...
"Until three years ago, company tax revenue for a full year totalled only $30billion. It should reach almost double that figure this year, with $15.5 billion pouring into the Reserve Bank in the two weeks to Friday."My knowledge on this stuff isn't world-beating, but isn't that a phenomenal growth in tax revenue?
It will be tough for the Labour party to win an election this year when the current Liberal government have presided over such incredible economic growth - especially with the Liberal's throwing money around left right and centre in this year's budget, giving huge tax breaks, payouts and bonuses to, among others, parents, low-income workers, solar energy purchasers, technical education and anybody else who has a passport and votes.
I anxiously await the launch of the young-aspiring-writers-living-in-Egypt rebate plan...
Doubling the rebate on photovoltaics certainly is an excellent plan, I think. There's no doubt the Libs know how to handle money. There's plenty of doubt that Labor has the first clue on how to handle that - and most other things.
I think the thing that really showed how clueless Labor currently are was when they announced they wanted to spend 4.7 billion to upgrade broadband in this country. To what? Wow, a whole 12mbps. I get that now, today. And a good friend of mine in Japan gets *100* mbps. Now that kind of speed would be worth spending 4.7 billion on.
your know what, i agree with everything you said tom, but being back in oz and seeing the beating the government get every single day largely because of IR laws and kevin rudd's growing popularity ... i have no idea which way it will go. it will be an interesting run up to elections .... thats for sure.