The temptation for hard-pressed business people to blame their troubles on a Labor government has been irresistible.
The change of government will make them a lot happier. And the more confident business is about the future, the better it's likely to do. The test will come when businesses realise their underlying problems haven't gone away.
Business people are usually highly critical of anyone seen to be ''talking down the economy''. But, we've learnt, this ethic applies only when the Coalition is in government. Tony Abbott and Joe Hockey were talking the economy down for at least three years, and many business people were publicly agreeing with them.
Of course, the assumption that Liberal governments always manage the economy well - that, in Abbott's revealing phrase, it's in their DNA - is wrong, just as the assumption that Labor governments are always bad at it is wrong.
The hope that all our problems will evaporate now the good guys are back in charge is wishful thinking.
But that doesn't stop our deeply held assumption to the contrary - an assumption shared by both Liberal and Labor politicians - from having real effects on our behaviour. One of the surprising truths of economics is that, to some extent, our expectations are self-fulfilling.
And already the budget and boat-people crises are over.
Ross Gittins is the economics editor.
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