As quite a few people have been saying, it's like Tony Abbott can't make the mental shift from being Opposition Leader to PM:
According to the Prime Minister, the Howard government had helped the economy but Labor had undone all the good work.
''In the decade prior to the crisis, consistent surpluses
and a preference for business helped my country, Australia, to become
one of the world's best-performing economies,'' he told the high level
group containing many of the world's top business and political leaders.
''Then a subsequent government decided that the crisis had changed the rules and that we should spend our way to prosperity.''
The comments seem to suggest Australia did not need to
stimulate the economy through 2008-09 under Labor, despite the
near-unanimous advice of economists and Treasury to do just that.
The stimulus program has been accused of waste, such as the
pink batts scheme, elements of the school halls program, and cheques
sent to the deceased or to people living permanently overseas.
However, the Australian government also received widespreadpraise and recognition from around the world for its aggressive response to the global challenge with swift policies credited with avoiding the recession from which virtually all comparable economies are yet to fully recover.The highlighted line in particular indicates that Abbott has been soaking up the exaggerated and simplistic catch phrases of the likes of the IPA.
He really needs to be a one term PM.
[Blogger really has some formatting issues which are hard to sort out lately. Sorry.]
Doubling down on your embarrassment over Steyn, I see. Not only an uneducated pillock, you are incapable of learning.
ReplyDeleteAh,
ReplyDeleteAnother person migrating from Catallaxy who has no understanding of economics.
without the stimulus we would have had a recession like Canada or NZ.
They would have preferred a depression like in the Baltics.
Such ignorance and they wear the tag proudly on their chests..
What embarrassment? Why would I consider a bunch of people who are ignorant and mistaken on a topic telling me I am wrong constitute an embarrassment?
ReplyDeleteBut on this post, the highlighted line is a gross caricature of Labor's economic approach. This is self evident by the fact that Labor subsequently embarrassed itself by overpromising on how quickly a return to surplus (or a balanced budget) could be achieved.
Is it actually some exaggerator from the IPA who is writing speeches for Abbott now?
Yes, folks, all the Australian blogosphere's banned trolls can be found here, defending each other. Numbers will be along shortly.
ReplyDeleteSunshine,
ReplyDeleteShow some evidence Australia would have avoided a recession without the recession.
I have demolished these before and can do it again
whoopsy make that stimulus
ReplyDelete