The Rudd Labor Government has made two major mistakes with its approach to the current financial meltdown. It has recklessly chosen to plunge the nation into levels of debt not seen since the nation was on its knees under Labor Prime Ministers Gough Whitlam and Paul Keating, and it has stirred former Coalition Treasurer Peter Costello from his somnolence on the Opposition back bench. No matter how much Prime Minister Kevin Rudd furrows his brow and adopts a serious mien, memories of Labor governments past will bedevil his efforts to sink the nation under a red tide of debt that will take generations to clear. More seriously, in the immediate term, he will find that it was unwise to provoke Costello by attempting to deride the Coalition government’s universally acclaimed economic successes. The former Treasurer has taken strong exception to a wordy essay Rudd has published in this month’s edition of the Left-wing Melbourne magazine The Monthly - and with good reason. >> more Piers AkermanIs it game on yet?