Right Pulse

Finally someone in the ALP fesses up to what they have known all along but been too insecure to admit:

Last night Mr Swan credited the Coalition with helping create a ”most remarkable run” in economic success. ”For those who may not know, who have somehow escaped being told several times already, we are now in the 19th year of uninterrupted economic expansion in Australia.

”Later this year we will begin the 20th year,” he told guests who included Mr Hawke, Mr Howard, Mr Keating and Mr Costello.

”This long run of prosperity … follows more than a quarter century of economic difficulty for Australians. The expansion of the world economy played a part, particularly the strength of the Asian regional economy.

”But decisions made in Canberra played a role too. I think of financial market deregulation, some of which began when John Howard was treasurer…

”We think of the continuation of financial sector reforms carried out by Peter Costello and John Howard when they were in office, in particular the prudential regulation that safeguarded our banking system during the global financial crisis. We honour John and Peter for that.”

Some though continue to be full of pride and just plain ignorance: