Australian billionaire and aspiring prime minister Clive Palmer, has lashed out at election candidates Kevin Rudd and Tony Abbott, claiming neither of them understand the concept of business or how to get the country's flagging economy back on track.
Palmer, who is Queensland's wealthiest man, formed the Palmer United Party in April this year in a bid to challenge ruling Labor Party chief and Prime Minister Rudd, and leader of the opposition Liberal-National coalition party Abbott in the federal elections scheduled for September 7.
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In an interview with CNBC on Sunday, the outspoken Palmer criticized both Rudd and Abbott for failing to understand the concept of business and lacking "common sense."
"These guys (Rudd and Abbott) don't know anything because they've never been in business," he said. "We need a total revolution. We've got to change what's happening. We've got professional politicians making us bankrupt."
Although the country is struggling with an expanding budget deficit, projected to rise to over A$30 billion ($27 billion) for the fiscal year ending in June 2014, Palmer said tax cuts rather than hikes were the answers to the country's problems.
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