A cloud over Labor's festival of light

Julia Gillard will take a prosperous economy to the polls. But her scant attention to future risks means the winner may be stuck with empty coffers, falling revenues and increasing business demands.

Having named a date, Prime Minister Gillard is beginning a very unusual run-up to a federal election – an extended celebration of remarkable economic figures, with nary a peek over the horizon to the post-election dawn.

Just as investment brochures must carry the warning 'past performance is not a guarantee of future returns', this Labor government should have stamped all over its publicity material 'past performance was a giant stroke of luck'.


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