iamsickofyear12 said:
It's up to the government to manage the economy and it seems to me like they are doing a pretty bad job of it.
A pretty bad job eh? One of the additional reasons for the likelihood of an interest rate rise, is the strong employment growth that has been consistently occurring in recent time. Now whilst this is by no means a negative, the RBA needs to act in such a way that it preserves the medium term viability of the economy in its current condition. Overall, the economy is still performing strongly, and although rates may increase it is needed..
The OECD report released this week commends the work of the government both fiscally and structurally, and even goes so far as to say that more needs to be done in relation to workplace reform, GST extension and fiscal preparation for the longer term implications of an ageing population. It does make note that the fiscal responsbility of government in recent years has facilitated much of the prosperity Australians have seen, with living standards increasing more than any other developed, western nation. Whilst many will dismiss the report, if it was negative, the media would jump onto it like a viper..
The petrol situation is in no way the fault of the government, and it would be irresponsible to remove taxes in order to reduce the price, as not only is it a finite resource, but it is a resource that can be extremely damaging. The emphasis should be the development of alternatives...