The Forum > General Discussion > Government ruins Xmas for Australia
Government ruins Xmas for Australia
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Yabby:>>Some people repeat this rubbish over and over and its simply not correct. What would you like to buy, Sonofgloin?<<
Well Yabby, right on the rhetoric again, this from the ABS IN 2009.
"The Australian economy is dominated by its service sector, representing 68% of Australian GDP. The agricultural and mining sectors (10% of GDP combined) account for 57% of the nation's exports."
Do you understand what is being said here Yabby:
68% of our GDP comes from flipping burgers
10% of our GDP comes from growing and digging
22% of our GDP comes from things we make
Given that mining at 10% of GDP is 60% of our exports we can safely say that manufactured and exported goods are around 10% of GDP.
This leaves locally produced products for domestic sale at about 10% of GDP and if we did not have a car industry that pumped out products with an asp of $40k we would be producing 5% of GDP to sustain our internal market needs.
Yabby you trot out the big ticket items that we still produce as a validation of our strong manufacturing segment, that is a rubbish argument. The clothes, shoes, toys, and nearly every other item under every Xmas tree in Australia two days ago came from overseas, deny that.
There are only twenty million of us and we have been experiencing the biggest mining boom in our history and yet we are in hock, as I said household savings are at 2%, down from 18% thirty years ago, they are selling or have sold off all our utilities, they are selling our water rights to big business and you as a peasant should understand the implications of that Yabby.