Positive Economic Backdrop and Malcolm Turnbull

budget cuts: IT'S THE ECONOMY, FIRST, SECOND AND THIRDThe election will be held against a relatively positive economic backdrop, notwithstanding pessimistic forecasts for global growth, according to Nine News Australia. The economy grew at three per cent in 2015, its fastest annual pace in nearly two years. It will seek to deflect criticism of 2014 budget cuts to public schools and hospitals to the states, arguing they should be doing more to raise revenue rather than use the commonwealth as an ATM.WHAT LABOR WILL WANT TO TALK ABOUTTony Abbott; the prime minister Malcolm Turnbull has turned out not to be; climate change action; limiting superannuation tax concessions for the rich; funding the out years of the Gonski schools plan ; the 2014 budget which cut $80 billion of funding for schools and public hospitals; a better way to reduce carbon emissions; a royal commission to investigate the misdeeds of the banking and financial services sector. Interest rates are low with the Reserve Bank cash rate at a record two per cent. Consumer and business confidence remains reasonably upbeat, despite an unsettled global economy. House prices are stabilising after unsustainable gains in Sydney and Melbourne. (news.financializer.com). As reported in the news.