The Hon Chris Bowen MP - Federal Member for McMahon
What's Happening Posted May 28, 2015.
Today’s private capital expenditure data for the March quarter saw a sharp fall of 4.4 per cent.
Private capital expenditure is now down 11 per cent since the last Federal election and the March quarter result is the worst since the Global Financial Crisis.
Today in Question Time we saw on display a Treasurer who has simply lost control.
Before the last election, the Prime Minister promised “an instantaneous adrenalin charge” for the Australian economy, while more recently the Treasurer has spoken of “real momentum”.
The fact is that the Abbott Government has presided over an underperforming Australian economy, with economic growth downgraded and unemployment forecast to go higher in the recent...Read complete article »