Antinuclear

Australian news, and some related international items

Tony Abbott’s inconvenient untruths revealed

 he [Tony Abbott] appeared in mournful procession with his South Australian MPs to declare that the carbon and mining taxes were, in fact, responsible for BHP Billiton’s decision to shelve expansion plans for its Olympic Dam uranium and copper mine.
No matter that the mining tax applies to neither uranium nor copper and that the company had said the decision was entirely due to ”current market conditions including subdued commodity prices and higher capital costs” and that the ”tax environment for this particular project has not changed at all since we started working on it six or seven years ago”.

Lack of carnage Abbott’s inconvenient fiscal truth, WA Today, August 25, 2012, Lenore Taylor National Affairs Correspondent for The Sydney Morning Herald Perhaps Tony Abbott needs to send out a search party or post a reward because, bafflingly, his carbon tax wrecking ball appears to have gone missing. It’s now almost two months since the tax that he predicted would work like a ”wrecking ball”, with ”unimaginable” and devastating consequences for the economy, came into effect. To date there has been, from the Coalition’s point of view, a very inconvenient absence of devastation.

In fact, almost every economic statistic continues to look pretty good. Indicators of business and consumer confidence have improved.
Unemployment has fallen slightly. Investment is strong and inflation
remains low, although the one-off impact of the new tax will flow
through in coming months.
Undeterred in his quest for carbon tax-induced wreckage, the Coalition leader appears now to be claiming as evidence any unrelated piece of
economic bad news. Hence he appeared in mournful procession with his
South Australian MPs to declare that the carbon and mining taxes were,
in fact, responsible for BHP Billiton’s decision to shelve expansion
plans for its Olympic Dam uranium and copper mine.
No matter that the mining tax applies to neither uranium nor copper
and that the company had said the decision was entirely due to
”current market conditions including subdued commodity prices and
higher capital costs” and that the ”tax environment for this
particular project has not changed at all since we started working on
it six or seven years ago”.
Earlier the same day, he and the Liberal senator Michaelia Cash hauled
the media pack to a Canberra suburban home to highlight the carbon
tax’s ”devastating” impact on a regular family……
Perhaps, instead of searching for signs of carbon tax devastation, the
Coalition leader could explain how he would deal with a slowing mining
boom, or how he would reform the regulation of the electricity
industry, or how his own ”Direct Action” policy – in its present
form regarded with incredulity in the business community – could be
made to work. It would be better than insulting our collective
intelligence with his wrecking ball mantra.
http://www.watoday.com.au/opinion/politics/lack-of-carnage-abbotts-inconvenient-fiscal-truth-20120824-24rkr.html#ixzz24aiF31Ks

About these ads

August 25, 2012 - Posted by | AUSTRALIA - NATIONAL, politics

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 531 other followers

%d bloggers like this: