It is all going to poo for the Libs.
Fears consumers will vote with their wallets May 21, 2014
Mark Kenny
Chief political correspondent
Nervous shoppers are threatening to close their wallets following the Coalition's hard-hitting budget, with consumer confidence falling at the fastest rate since before the global financial crisis, a major bank survey shows.
The ANZ-Roy Morgan Consumer Confidence survey charted a fall of 3.2 per cent since the budget, taking its index to 100.4 - a significant 14 points lower in a month and the fastest rate of descent since October 2008.
The dire news is fuelling retailers' fears that the budget itself, including the messy politics engulfing it, may have dampened business investment and consumer sentiment just when economic growth was showing signs of improved health.
Read more:
http://www.smh.com.au/federal-politics/political-news/fears-consumers-will-vote-with-their-wallets-20140520-38mnc.html#ixzz32IGKJyQs