CCI, Barnett clash over growth forecasts

The state’s peak business body and Premier Colin Barnett have taken opposite views on where the state’s economy is headed, as the global economic uncertainty continues to provide mixed signals for investors.


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Colin is starting to get it. Massive growth in the value of exports by mining and selling resources, but little value to the bulk of Australian residents. Non renewable resource assets leave Australia, payment comes in and is counted, then money leaves afain as dividents to foriegn investors. The money that does stay stays mostly in the hands of a few (Forrest, Palmer etc and at a very lower level, mine workers etc). Foriegn countries receive the flow on effect; Phillipines through workers on 457 visas spending wages at home, Chinese through value adding to our resources and selling the poducts back as finished goods. Bang your head against a brick wall Colin and amongst the stars you will hopefully see "mining tax". Back it now before it is too late.

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