Economic Black Hole As Government Shuts Down Forestry Industry

Economic Black Hole As Government Shuts Down Forestry Industry

Tasmania Shadow Treasurer Peter Gutwein

Two Economic Elephants In The Room

Victor P Taffa

As expected, Lara Giddings first speech as Treasurer was a complete flop, awash with bland statements and full of hand wringing about the challenges ahead.

“I guess we should be pleased that by announcing her so called four pillars she at least has some form of understanding of the territory her Portfolio covers.” Shadow Treasurer Peter Gutwein said today.

What the new Treasurer completely failed to explain was how she is going to deal with the two elephants in the room the $300 Million Budget Black Hole and a looming recession.

 

 

“We have a budget black hole and our economy is headed for one as well. So what is urgently needed from this new Treasurer is the strategy she intends to employ to arrest the decline that her government has overseen and of which she has been a part.” Mr. Gutwein said.

“Sadly, it sounds like Lara Giddings won’t be tackling the big issues any time soon and our economy will suffer as a result.” Mr. Gutwein said.