“It’s the economy, Stupid” is a phrase that was coined by campaign strategist James Carville during Bill Clinton’s 1992 presidential campaign, but it is true today as it ever was.
Economics has been referred to as the dismal science since the days of Malthus and the news coming from economists is certainly dismal today.
Commonwealth Treasury Secretary, Steven Kennedy, appeared at a Senate inquiry last week and said that despite the unprecedented levels of economic stimulus, the long-term impact on the economy would be profound.
