So much for fiscal management all being about luck…. – update
February 24th, 2010
Would make the basis of a great election advertisment.
UPDATE
We are in the middle of a boom, but the Rudd debt just keeps on growing:
Reserve Bank of Australia deputy governor Ric Battellino said the nation was better placed to deal with the economic challenges than in previous resources booms, when a fixed exchange rate hampered trade flows and threatened inflation.
In a speech to the Sydney Institute on Tuesday, Mr Battellino said the current boom began in 2005 and was interrupted somewhat by the global financial crisis before resuming its course and was now attracting strong investment.
So prior to 2005 the Howard government had no trouble balancing the budget. It goes to show that the GFC has been used as a scapegoat to push through Rudd’s socialist agenda.
See also:
- Mainstream media becomes desperate for Gillard success (July 18th, 2010)
- Rudd’s deficit worse than Greece’s (June 8th, 2010)
- IMF: more debt = less growth. Eco Hist 101 (May 21st, 2010)
- ASX 200 down: thanks Rudd! (May 7th, 2010)
- NYT miss-represents bank regulation (April 29th, 2010)





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