Wednesday, February 04, 2009

Rudd is plunging us deep into the red

Prime Minister Kevin Rudd’s latest multi-billion attempt to stimulate the Australian economy would have had achieved a degree of credibility if he had not blatantly politicised the issue in his parliamentary address. Rudd is, as ever, an opportunist first and foremost. When it suited him, he and Treasurer Wayne Swan talked the economy down, when they finally awoke to the crisis others had already foreseen, they attempted to change their tune in mid-song. Too often this team has been caught flat-footed, too often it has thrown money at the problem without having any notion whether their solution has any chance of succeeding. The Rudd-Swan Christmas splash did nothing to stop the spiral. >> more Piers Akerman

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