The Global Financial Crisis has been dubbed the GFC by our acronym obsessed Prime Minister. Let's call it what it is - the GOJFC - the Get Out of Jail Free Card. For a Government that was elected (warning - another meaningless term) to 'end the blame game' they seem to have quite a predilection of blaming just about everything on the GFC. Global in it's nature, the message from the Government is (to coin a phrase) uneqivocal. You can't pin this one on us:
- Budget deficits
- Rising unemployment
- Falling business confidence
- Failing industries
- Government largesse to highly unionised but structurally unsustainable industries
Oh yes, this is global in nature, we can't do anything about it and it certainly is not our fault. Keep watching this one - not bad news announcement or reckless spending measure is unaccompanied by copious mention of the GOJFC.
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