Hockey takes credit for stuffing up the economy.

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    “This is good news for Australian families and it’s good news for Australian business,” Mr Hockey told reporters in Canberra. “The government is working hard to take the pressure off interest rates by keeping inflation low.”

    I must give some credit to the interest rate cuts to Hockey... for being the most useless treasurer in history that can't deliver a budget that has now forced the RBA to come in to try to save the economy.

    The RBA can see the economy is dying a painful death under Abbott and Hockey and have resorted to cutting interest rates to 55 year lows in a hopeless effort to save it in spite of them.

    If Abbott and Hockey hang around long enough, maybe we'll end up like Europe with NEGATIVE interest rates as the economy dies in a ditch.
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