I'd more say it was because France got a downgrade. There not going to default.
But Flags is right there is a massive resentment for this tax and you ALP members/life long supports have to accept your government has had a policy disaster after a policy disaster right from the start of your(rudd government) first term and then your believe-loved party sold out your voters and policies to hold power again(for a 2nd term) which now makes you implement green policies like the carbon tax. Which will only see ALP lose even more of the middle ground where elections are won and lost.
I am not disputing that people resent the tax. Not disputing it for a second and believe me I actually understand why people resent it. Think they need to build a bridge as posted somewhere in this thread a month or so ago
But Flags was implying that the stock market events of the last few days are the fault of the govt I am saying ...er... no....
As for policy disaster after policy disaster well that's a debate for another day
My only comment today on that will is this we were one of very few countries that didn't go into recession during the GFC and I wonder why .....
Blaming the current stock market fluctuations on the Govt is simply laughable.
For memory prior to the unheaval in the US and their credit rating being downgraded (read a fortnight ago) our share market was steady some dats small losses, some days small gains.... no one was blaming govt then.
But suddenly Aust investors are panicking like the rest of the world on the back of the USA and Europe people want to point the finger at the govt?
Please whack 'em when it's deserved but to blame them for what's happened in the last 4 days on the stock market....please give me a break
I will repeat; we have an incredibly strong ecomony that a number of countries can only dream of having.