Wednesday, December 1, 2010

Aussie GDP Comes in Below Expectations

Well another quarter down and Australia's GDP is still going along nicely above expectations. Wait for the political spin from this. We will hear Labour say how well they are doing to be in positive growth at all and Liberals saying that the only reason it rose is because of the governments own spending and they could have done a better job. Where does the truth lie? I believe it is somewhere in between. Although the real heros of this whole situation don't lie in recent politicians but in those of the past that set the groundwork for our strong economy in Hawke, Keating, Howard and Costello.

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