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March 13, 2014

Hockey’s Unhappy Dilemma

by John Kelly

When the national accounts figures were released last week and they showed surprisingly good results for the December quarter, you would have thought Joe would be thrilled. But he wasn’t.

The Australian Independent Media Network

Hock Has anyone noticed a change in Joe Hockey’s approach to the economy? It seems we are not in a budget emergency after all. It seems the latest national accounts figures suggest things are on the improve.

The latest national accounts figures show a growing economy; 0.8% for the December quarter. That’s a much better result than the September quarter’s 0.6%. The Treasurer says it is still below trend of 3-3.25% per annum but he was being cautious. Considering all the doom and gloom he was predicting prior to the election one would expect him to be guarded in what he said but, given this unexpected upturn, he must find the latest figures something of a dilemma. He should be over the moon but he knows he can’t take any credit for them because he hasn’t done anything yet. They belong to Labor. And, if you multiply December’s 0.8% by 4…

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