So the solution is to put you in charge of the economy and all our problems will be solved. I don't know why the government hasn't thought of this already. Imagine the fount of all knowledge on the economy, and the man with all the answers, resides right here in our midst.
What an extraordinary waste of talent. Let's save money by getting rid of Treasury and all its bureaucrats and just appoint you to run the economy.
Simple.

its funny how i never really click on buttons

but the article just seemed so out there..QUOTE<<This inability to predict investment drivers is the basic flaw in the Treasury models' medium and long-term forecasts.

Contrary to Henry's view,growth is not some preordained upward trajectory that might be interrupted,..but subsequently simply catches up on its trend...Still less is it a revenue stream that can be raided without undermining its fecundity...>>

remember this group has a DOT org website,..ie a govt body..critisising govt...wtf?..

i just had to click on the more button
http://www.onlineopinion.com.au/member.asp?id=45

found this
Institute of Public Affairs
http://ipa.org.au/
is an Institutional member of The National Forum

the page also has many other posts
but mostly negative of krudd and co

so being an institutional member is a cheap/affective way to get the spin heard/published..and dot org..means its govt?

by spin im meaning you need only look at the topic headings to see what this institute of public affairs...sounds almost like a govt body,yet clearly is allowed to ridicule govt bodies?...lol..

i should click on their link to find out what it really is..[a howhard creation?]...it could be a clever joke...but im not sure about its mission statement[or its powers]...lol

Isn't it a pity that One Under God didn't write something useful. Comments such as his/hers do so little towards an understanding of a topic. I am confident that One Under God should have something constructive to contribute - how about it, please?

If Treasury Head Ken Henry, the chief government adviser on the economy to Howard and now Rudd, doesn't understand the economy how come Australia is doing so well in the current global meltdown?

Incidentally, a .org domain name can be registered by anyone. The Institute of Public Affairs is a right wing think tank with no connection to government. It supports the Coalition in government and opposition.

The problem seems to be Labor Governments , not much good at what they do , possibly the Drovers Dog might have made a difference , a better brand of thinker .
John Gorton would have made a difference to Oz politic with his Social Inclusion leanings , he would have had a calming effect on Labor People , instead we got Fraser who brought out the Ugliness and Pains in the electorate .
Hawk and Keating who were both too Rabid to be attractive anywhere , the ugly and arrogant philistines of Oz Gov .

Now we have a new type of Politician courted and captured by Rudd , Ken Henry .
Ken under Rudds Charm and Tutorledge can now make accurate predictions up to 10 Yrs hence !
Perhaps Mark Latham , Julia's friend , might be affording them the benefit of his extensive knowledge .

I don't know anything about Au Budgets but I bet it will take 30 years and 30% GST to pay out the Banks that lent the little Fidget Rudd 300 Billion .

The ALP is economically illiterate - that's why they always go in with a surplus and leave with a deficit.

I don't know enough about Henry to comment on his ability, but it seems that he and Rudd agree on the apparently out of step (with the rest of the world) predicitions on recovery; so, Henry has to be suspect.