America’s future could be our future. Fortunately Labor will get well and truly told at an election later this year. Australians are not as gullible it seems as many Americans of the likes who voted for their economic demise. The BS detector is very strong in this country. Record Low: Only 1-in-4 Think Economy Better in 2014
In late January, 36% of Americans felt that the economy would be better in January of 2014, but the latest poll, conducted March 1-2, showed only 25% of Americans felt the economy would be stronger 12 months later.
‘Dive, dive, dive’ comes to mind. Diving ever since Democrats took charge in 2006 and enabled the Housing Bubble continue until it burst. Australia often has mirrored economic results that can happen one or two years later than the US. State of the budget
There is a forecast of the budget deficit in The Australian calculated by the Canberra consultancy Macroeconomics on behalf of the Minerals Council.
The MCA used the figures to back its calls for the government to focus on reducing poor-quality spending.
Let’s hope a change can reverse this course. The deep deep incompetence of the American Federal Reserve