"Whatever he has promised, Kevin can't. He can't deliver. Kevin can't because he is full of cant -corniness, insincerity, and tokenism".
"He can't balance the books, although he spent the money. He can't deliver prosperity because he can't so no to the unions. He can't scrap the carbon tax by renaming it a carbon price."
And this was only the start of the article, the themes of which are being picked up by much of the mainstream Australian quality press.
Australia had the opportunity (and did in 2007) for zero net public debt, reducing taxation, and at the same time investment into quality infrastructure. That opportunity has been well and truly squandered by the Rudd-Swan-Gillard-Rudd socialist government.
Australians now face a declining standard of living, rapidly rising un- and underemployment, a slowing economy, and public debt likely to rise to European levels.
Rudd, between wrapping his arms around whoever will tolerate him, ignores these realities and promises anything designed to win a vote. Ask Gary Johns. Yesterday, yet another business tax hit in an economy reeling from uncertainty and disgust.
He makes much of "saving" Australia from the Great Recession in 2008 onwards. In fact, recent objective analysis including that from Dr Doug McTaggart, formerly Professor of Economics at Bond University and CEO of the Queensland Investment Corporation, makes it crystal clear that in 2008/9, it was net exports that saved the economy. He writes: "The collapse in discretionary consumption, aided by a collapsing exchange rate, leading to a collapse in imports was a key reason why Australia did not have a recession". It had nothing to do with government spending, despite Rudds' protestations.
If this guy is returned at the next Australian federal election, Australians are likely to rue the day. Lower living standards will be the inevitable result.
David Millhouse is an international entrepreneur with over 30 years in venture capital and private equity internationally. Based in Brisbane, Australia he is a specialist in venture financing and capitalisation, as well as the management of high growth companies, many of which proceed to IPO. He has conducted business in the UK, Germany, Switzerland, USA, Canada, Singapore, Hong Kong, Australia and New Zealand. A scientist by original profession, with an MBA and LLM from Bond University in Australia. He is a trustee of Bond University, Australia’s premier private University, and was formerly a trustee of the Queensland Art Gallery/Gallery of Modern Art. There are 30 years of publications and media on his professional activities and he has had a stellar career at CEO level since 1983.
For personalised solutions to the issues raised in the blog, please contact CORPbuilders TM at www.corpbuilders.com.au or call 0413 748 844
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