Why Hockey has to go

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Joe Hockey is out defending himself at The Australian today and given the raging partisanship that has grabbed Budget discussion in the media – with The Oz on one side and the Pasconomical nuts on the other – let’s do a little stock take.

The Treasurer declared he had made the right calls on the economy and the budget, despite growing complaints that he fumbled the task of convincing the community to accept tough reforms.

…“Frankly, we went to the elect­ion with an effective mini-budget and our first MYEFO incorporated all our changes plus a revision to give a more accurate reflection of what the forecast for a range of things like commodity prices,” he said. “This was proved absolutely right. Labor accused me of exaggerating the forecasts but, thank goodness, I was conservative.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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