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| Salefest Advertising MD Patrick Tessier and Dr. John Hewson. |
Here’s how Ian Leslie, a founding journalist on 60 Minutes, three time Logie and Walkley Award winner introduced Dr. John Hewson at the AADA Glass’s Luncheon:
“John Hewson is an eminent Australian, a man we turn to on matters of the national economy. Graduate of Economics, Sydney Uni. Two Masters Degrees and a Doctorate in Economics, John Hopkins University, Baltimore. Banker, businessman and journalist.
He’s worked for Treasury, the RBA, writes for BRW.
Chiefs of staff and advisor to the Prime Minister and Treasury in the Fraser Government.
Up to that point, the Australian electorate didn’t know much about him – we quickly would.
Shadow Finance Minister and Shadow Treasurer, he challenged Paul Keating to debate him on the economy.
In just three years in Federal Parliament the boy from Kogarah High was elected leader of the Liberal Party.
He made ground on the Hawke Government in opinion polls as the Australian economy struggled.
Hawke went, Keating became Prime Minister and the fight was on...banker to the rich versus defender of the working class.
Hewson launched “Fight Back” – a radical economic policy package. At its centre, a goods and consumption tax, the GST.
To the left side of politics, shifting the direct tax burden from the wealthy to indirect taxation of consumers.
That assault forced John Hewson into a partial back down. He agreed not to levy the GST on food.
The polls still supported a Coalition victory. 10 days before polling day, and the moment the commentators say John Hewson lost the election.
The birthday cake interview and a simple question that exposed the complications of his economic package....
In his 40 years analysing and forecasting economies, in which time his predictions have been generally bang on, he tells me he finds the current situation the most difficult to predict.
So what’s ahead for us for the next 10 years, and what impact might it have on the retail vehicle sector...”
Dr. John Hewson's entire presentation, click the link:
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