Smiles will stave off economic strife

Mozo

Friday 14 November 2008

Amid all the doom and gloom of the current economic situation, the Treasury’s top money man has claimed that a smile will go a long way to getting the nation back on track.

The Associated Press reports that Ken Henry claimed the big problem facing Australia was broken confidence brought about by a flurry of bad news over the last two months.

And he said that after the tidal wave of collapsed banks has washed over, Aussies will still have a lot to smile about.

The country has a low unemployment rate and the government plans on ploughing billions of dollars into basic services to make life easier still.

“Fundamentally, what is driving weaker economic outcomes globally at the moment is fractured confidence,” he said, suggesting that consumers shouldn’t feel too guilty about the odd credit card spree or bank account raid.

News.com.au notes that he then went on call for simpler taxes and new laws to make it easier to people to save for retirement.ADNFCR-1761-ID-18877531-ADNFCR

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