By Mark Clifford
A picture tells a thousand words, so I’ll let the attached graph do all the talking.
Briefly, the graph is based on ABS data on ‘hours worked in Australia’ from the first day of the Rudd term and up to March 2016. It clearly indicates that the demise of the Australian economy is squarely laid at the feet of Tony Abbott and now Malcolm Turnbull. Abbott wanted to cut red tape and get rid of regulations and over night the monthly ‘hours worked’ figures literally started going backwards. This was assisted by Joe Hockey who constantly said he was creating jobs. Yeah right, Joe. Hockey took a 40 hour week job and created 4 x 10hr a week jobs and then boasted this ‘success’ to the gullible public. What this also did was wipe out the payment of income tax and increase the welfare payment to people who couldn’t live on such a job.
In a nutshell, the graph clearly indicates why the Australian economy is not ‘pumping’. When the government boasts about the pseudo job creation situation and ignores the ‘hours worked’ figures, it shows a high level of deceit and an even higher level of contempt for the Australian public.
Anyway, to the graph . . .