The Courier Mail’s Cringe-Worthy Headline — Economic forecasts show Australia leads the world

The Courier Mail in Brisbane had an article with the cringe-worthy headlineEconomic forecasts show Australia leads the world.”

Nowhere in the entire body of the article is credit given to the architect of our success, the Premier of China, Wen Jia Bao (my favourite former geologist) who set the goal of 8% growth for this year and announced at Davos in January 2009.

Of course both major political parties would like to claim credit and in fairness both can claim some credit, the Coalition for building the war chest and the ALP for realising the seriousness of the crisis about 12 months late. Neither showed any awareness in the run up to the election of the Global Financial Crisis.

A better headline would have been, ” Crisis mitigated – Aussies are cheaper miners than Chinese.” We can get coal out of the ground in the Bowen Basin and ship it to Shanghai cheaper than the Chinese can do it. This may not be strictly true since the Chinese have to take something of value in exchange for all those salad shooters and margarita makers that we Australians like.

 

 


 

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2 Responses

  1. Hmm. Is it true? 🙂

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