as major economists supposedly had 'no idea'

AND as we are run by beu-roc-rats[who dont get voted in NOR OUT] it is the beurocracy[autocracy, plutocracy[big buisness and lobby running things [NOT RUDD not howhard]

its the treasury , controled by the [private franchise];fed , who set govt policy
it was the fed raised intrest rates[not rudd]when kevi was BEING TOLD by treasury INFLATION is the problem

it was the people that created the surpluss NOT HOWHARD ,that treasury advised rudd to spend on whom how much and the timming [rudd/howhard dont 'DO' nuthin
dont run nuthin

we are convinced that it is them
BUT its their 'advisers' who are doing this stuff deliberatly for the
govt can only do what the beuroc-RATS do FOR them,

we can lay blame at the feet of those who really run things [including the 2 party SUSs-tem[system]RUN by the transgenerational PUBLIC serve-ants[pub-lick sur[sirVICE]

casting blame[or credit] on the figure heads dosnt put the REAL credit [nor REAL blame] on those who REALLY runs things, who own the banks [the fed is run by 12 banks] the worlds feds are run by the world bank etc etc[our fed dont run things [nor does rudd]

hitler didnt gas the jews [nor did ghouring,or mendler]it was the zionist capoes[their own]who picked who went into the chambers and who pulled their ashes out[obeyance of orders is not a valid excuse

[but bro its time you KNOW our'leaders are ALL told what to do[by the same 4 percent that controles them [AND US}that own 97 percent of everything ,and are trying to own it all

to franchise to their own their own little fiefdoms ,of total [magubbi like con-trol]

paid for in eassilly deflated printed fiat paper and soon lovely carbon credits [whos value will be set by the bankers[and the death of gods creation]for them its about their power[control credit you control the world
what cant money do ?

rudd is powerless[just as howhard was]

Here, U.O.G., This is for you.

http://conspiracy.top-site-list.com/

"The Truth is revealed in the Ultimate Conspiracy about a powerful World Order and their secret plans to control the people and how they have been pulling the strings on planet Earth for over 2000 years."

You'll just love it!

Seneca

A more responsible and measured approach would have been preferable to knee jerk reactions, policy on the run, borrowed economic solutions and populist policies.

In any crisis responsible leadership exercises caution when facing the unknown. A military strategy also applies to those managing our economy. Don't waste your ammunition until it is needed and only then when you have a clear target.

The same should apply before talking up the economy and motivating depletion of savings when there is clear evidence that things will get worse and over a longer period. Government is charged to provide responsible leadership on economic management. It is those who are the most vulnerable that will respond to government cash handouts assuming that things will suddenly get better. They are the ones who suffer in the end and the taxpayer picks up the tab once again.

Government cannot be a popular and responsible socio economic manager at the same time. In times of crisis, grandstanding is egotistical, reckless and destructive behaviour.

As to what can be done?

This government's knowledge of China appears abysmal and it needs to commit to a steep learning curve in order to manage Australia's economy without a majority China component, especially in the short to medium term.

A better understanding of the Australian economy and its interaction with the global economic community would help with a greater understanding of its limitations and expectations. Most of all, regardless of the outcome, be more honest and open with the Australia people.

Well worn phrases such as ".. it is too complicated for the general public .." or ".. the general public would not understand .." gush from the mouths of politicians when questioned by the media on certain policies? In many cases we find that the facts were beyond many of those proclaiming public stupidity.

Times will be tough and the government will have to make unpopular decisions, but bite the bullet and get on with it. If you can't do it yourself, then seek cooperation.

The objective is to revitalize the Australian economy, not individuals or political parties.

Arthur Thomas

I enjoyed this article and would agree with most of it.
BUT...
Howard government lead us to this moment: surely some spite must be thrown in that direction too?
and...
Some alternatives please?

I am disappointed in Rudd generally: too churchy, still thinks its OK for government to prop up *some* industries (banking, non-secular education, health insurance).
The bank guarentee was a good idea...but should have been limited. Too much "private profit, public risk" now.
We need to build our manufacturing base again, this time properly. Sure Asian labour is cheap, but robotics is cheaper still!
I truly think that generational change is needed before we can proceed.

Its a boom and bust world. They feed into each other. The bigger the boom (this one at least 10yrs) the bigger the bust. Which sets up the next boom.

All this political jousting is very cute to watch and sometimes much fun to play at.

l dont understand why any right-minded true believers would waste time bickering about the falling sky hitting our heads a bit harder due to any perceived fiscal inabilities of the happily waundering Chairman Rudd and his band of Happy Wonderers.

Its a bust. Thats how capitalism works. Dont worry so much, a boom will eventually follow. Thats how capitalsim works. Sitting on the pressure cooker for 17yrs and then acting all confused about the big bang, is not how capitalsim works. Its how the other mob do it.

If govt advances any possible decline, then, heck, get yer ducks in a row, b/c there's gonna be lots of hats to buy at a song, this coming economic winter. And those hats, always come back into vogue when the summer rolls back in.

Would of thought any self-respecting capitalist would be practicing some dance steps right about now.

Isn't it interesting. These self appointed experts on the economy who have never done anything themselves talk about bad tactics. And just as many say the opposite. This particular author appears to have no credentials whatsoever so is talking through his retired hip pocket, his Super no doubt.

Well, sorry about that but it's actually global mate. Part of the cycle you know old chap.

Then you have the right wing loonies who attack because Labor's in charge.

Well sorry right wingers but these people are being advised by exactly the same people Howard was for 12 years. And that advice seemed wonderful to you then. They'd be telling Howard the same today.

So all you are doing is exposing your stupidity by attacking the experts you praised last year by praising Howard. Morons.