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The Forum > Article Comments > So what really did save Australia's economy? > Comments

So what really did save Australia's economy? : Comments

By Alan Austin, published 22/8/2013

Ockham's razor says that it is Kevin Rudd who saved Australia's economy, because none of the other factors compute.

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Hi Alan,

One has to admire your persistence. Sadly I have come to the conclusion that it’s not persistence at all, its desperation.

Your frantic efforts to get Rudd and the ALP “off the hook” for their past disasters is not going too well. I have no idea what it is you think you can do for the ALP. Australia has stopped listening to the whole ALP mob, particularly on economics, so why on earth do you think that any Australian, other than the “rusted on’s” would possibly believe your economic wizardry?

You now appear to be left with the surviving members of your support base, Foyle and David G. There is something very obvious you are not getting Alan?

Just to put things in perspective for you, Sportsbet has Abbott at $1.06 and Rudd at $7.50.

Please start writing about something else, this is now boring. You’ve crashed and burned, get over it and move on
Posted by spindoc, Thursday, 22 August 2013 1:34:48 PM
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AA makes a great contribution to OLO, but most Aust's disagree with him, at least if bookmakers are to be believed
Posted by Chris Lewis, Thursday, 22 August 2013 5:04:29 PM
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Here is one economist who does not think Labor has done a good job.
http://www.oliver-marc-hartwich.com/publications/nz-finance-minister-puts-swan-to-shame

To quote from the piece:
If a week is a long time in politics, two years is an eternity. In 2011, Wayne Swan was named the Euromoney Finance Minister of the Year. The news was hard to believe even at the time, but in hindsight Euromoney's choice looks even stranger.

Australia's public finances are in a state of such obvious disrepair that no one would dream of awarding any prizes for sound fiscal management to an Australian treasurer today.

But New Zealand's Minister of Finance, Bill English, might be the frontrunner for the world's best finance minister. His achievements since assuming office in late 2008 put Swan's fiscal mismanagement into perspective.

...The government has also quietly reformed the welfare state. There have been massive changes to state housing tenure. Policies helping single parents into work were introduced, plus measures to move beneficiaries on sickness and invalid benefits back into the labour market.

On top of it all, the New Zealand government produced a series of "zero budgets" where only education and health recorded modest spending increases. New programs had to be funded from cuts elsewhere.

As a result, a budget surplus will be delivered next year, ahead of schedule. This is an impressive turnaround, achieved by doing precisely the opposite of Australia's approach of the past five years. In New Zealand, there were no great announcements of meaningless measures, and no shovelling cash out the door to fund them. Instead, a measured, responsible and sometimes dour approach has delivered the goods.
Posted by EQ, Thursday, 22 August 2013 6:42:30 PM
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Hope following is true indicator and holds.

http://news.ninemsn.com.au/national/2013/08/22/17/20/poll-shows-rudd-could-lose-own-seat
Posted by Chris Lewis, Thursday, 22 August 2013 7:37:20 PM
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I see the Murdoch cheer leaders are out in their vitriolic best, probably makes a change from Poufter bashing.
Posted by Kipp, Thursday, 22 August 2013 7:42:04 PM
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What a ridiculous thing to say Kipp. You should retract.

Some merely hope for the end of Rudd, what is wrong with that.
Posted by Chris Lewis, Thursday, 22 August 2013 7:45:06 PM
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