Tuesday, August 3, 2010

Abbott's Strong Pain for the Economy


Just been watching Coalition Shadow Finance Minister Andrew Robb on ABC24 try to maintain he is pleased by the Reserve Bank decision to keep interest rates on hold. He obviously lives in a different economy from the rest of us.

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2 comments:

Crazy Jim Smith said...

Do you think the True Believers are happy about the hold off on interest rates?

Inflation came in at just over 3% but how much have electricity prices risen over the past year?

What about water and gas prices?

What about travel costs?

How long do you think poor people will last if they keep voting for Labor?

At the last election they said they would keep the cost of living down but the exact opposite is happening.

Every single time the Labor Party comes into power living standards fall and this time it is no different.

Poor people are getting squeezed yet again.

Kevin Rennie said...

Crazy Jim

Half a million workers who kept their jobs during the GFC might disagree with you.

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