You can cop 0.70USD if there was investment in manufacturing though. 0.70-0.80 is attractive because it doesn't blow out import costs and it's attractive enough for export. Except the government was so short sighted that they assumed the price of resources and the dollar was going to stay high. Soon we won't be exporting the tens of thousands of vehicles anymore, the government won't be claiming any of the income tax it does from manufacturing locally and due to the free trade agreements and whatever other deals that are going on we won't be claiming the tariffs. By the time we import manufactured goods at a mark up we will be paying more for the steel we originally sold to make it.
We have just recently been sub contracted by another company again to fill out a massive order of alternators for the Aussie defense force which apparently the U.S. are also buying. Last time we did these was 7 years ago. Unfortunately a few hundred alternators aren't going to pour the millions into the economy but it goes to show how short sighted the government was. They manufactured a budget crisis to win an election then used it as an excuse to make drastic cuts in hope it would fill the coffers. However had they stayed the course, sucked it up for another 12 months as the U.S. strengthens and China's rapid growth begins to stall, we could have been looking down the barrel of another manufacturing and export boom.
