Business pissed off with Lieberals - no confidence

You don't have to be a rocket scientist to see the destruction to Australia's economy that the gov is doing. Ripping industries apart, getting rid of revenue streams, and trying to suck so much money out of the economy it'll grind to a halt.

Just to be sure though, business itself has announced that it has little confidence in Abbott's economic management.

Business leaders' confidence in the Abbott government has slumped to the lowest level since the coalition won power, with almost two-thirds seeing no benefit in scrapping the carbon tax. 

The Director Sentiment Index fell 7.1 points during the second half of 2014 to minus 29, the same level as when Julia Gillard was an unpopular Labor prime minister in early 2013. 

Three-quarters of business leaders polled believe the current government's performance is hurting consumer confidence and nearly half say it's affecting their business decisions. 

"It's concerning that these numbers are starting to get closer to those that we saw under the Gillard-Rudd government," the Australian Institute of Company Directors' chief executive John Colvin told a conference call on Wednesday. 

Some 65 per cent of the 500 company directors surveyed saw no effect from the carbon tax being scrapped in July. 

"When policy like that has been introduced and announced, people relax about that because something's been done," Mr Colvin said. 

Almost half rated the government's first year in office as poor or very poor, with most saying they don't believe the government understands business. more