The $A has hit a new low at US61 cents. The long-term average is US70 cents.

This is not good news for anyone with a loan, overdraft or mortgage.

Every imported good becomes more expensive and hence inflationary. 

The unqualified Treasurer can't SPIN this bad news.

Low growth (0.1%), falling productivity (red and green tape) and falling real wages (wage increases below inflation rate) are compounded by higher prices and higher inflation and interest rates for longer.

Economic management is fundamental to maintaining our living standards.

The RBA has another inflationary factor to consider before cutting interest rates. 

Can you afford three more years of Labor?