Basket case wooing 29/8/2012
You’d think this federal government, which has failed so spectacularly on so many fronts, would be wary of doing anything which might further threaten the Australian economy. Particularly when inflation figures and employment numbers offer a couple of glimmers flickering from a blackdrop of stunning incompetence.
But no, fools continue to rush in, as Terry McCrann observes:
THE symbolism couldn’t be more deliciously appropriate: we are linking the collective insanity of our carbon tax to the collective insanity of Europe’s.
It was made even more deliciously appropriate by the complete and utter unknowingness projected by Climate Change Minister Greg Combet in his press conference yesterday.
Europe is the world’s basket case. Spain and Greece have unemployment rates of 25 per cent. Their youth unemployment rates are 50 per cent. To repeat, 50 per cent – one in every two young Spaniard and Greek is out of work and with precious little prospect of finding it.
The overall jobless rate for the European Union – our new partner – is more than 10 per cent.
Europe has been in semi-recession since the GFC and looks like staying there – unless it plunges into a real recession. Or worse. Even the powerhouse Germany is now limping.
And that’s just the economy, stupid, as the infamous saying goes.