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Saturday 25 January 2014

Abbinflation

Tony Abbott's inflation headache

"If inflation proves enduring this year, the Coalition will have to prevent any wage push from causing a breakout - and that means falling standards of living, writes David Llewellyn-Smith."

Inflation is the least of Abbott's worries. LNP economic policies are proven to create a low-employment economy with all its associated human suffering.

Mark my words. We will have double digit unemployment by the end of the calendar year and may well be at war with Indonesia.

If you want proof just look at EU data. Every country that succeeds with these policies does so at the cost of widespread unemployment. And it's not the vested interests or the drones they elect who suffer under these policies. It's the you-and-me common people.

Get used to it. Everyone has reverted to business as usual so the next economic crisis is just around the corner and the pundits are taking bets on whether the climate crisis will pre-or-post-date it. 

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