Howard shines a light on a bungled budget

Howard and Costello were criticised when they delivered their harsh first budget, but the RBA's rate-cutting spree and the union movement's blunders helped to buoy public sentiment. Hockey and Abbott have had no such luck.

Following the good news on Monday that the ANZ-Roy Morgan consumer confidence index had rebounded to pre-budget levels, on Wednesday we also saw US consumer confidence hit its highest level since October 2007.

Happy days. It's almost as if the GFC never happened.

Well, not quite. Behind the buoyant ANZ-Roy Morgan figures is the darker fact that Australian sentiment is still at pretty gloomy levels by historical standards.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles