"There's an air of growing panic among Australia's business people.
Company directors are calling for a budget deficit, retailers feel like
they are peering over a cliff and everybody's worried sick about the
carbon tax and the high currency.
Meanwhile the Reserve Bank (RBA) and Treasury are insouciant. RBA
Governor Glenn Stevens remarked yesterday that 'considerable structural
change is occurring', while putting off a rate cut. Treasury is working
with the Government to produce one of the toughest budgets in the
I can't remember a time when the policymakers and the real world
diverged as much as they do now".
Harry Styles would make a better treasurer - and he has more business
experience than the entire Gillard ALP cabinet!