new model, transparent julia, page-12

prosper

Economic hard times were easily forecasted and NO government survives that.

Carbon tax is great as is NBN, and yes stimulous measures were wasteful because the need for speed was paramount.

Still that stimulous placed money in comtractors pockets and from there to workers.

We were in the ideal position of having surpluses in good times (yes Lib or times achieved) which allows some offset in downturns.

If you don't believe the Libs would have primed the pump in the wake of GFC then you don't understand Lib economics.

It may have been targetted a little different, but not sure about that.

Costello was a big proponent of stimulus in bad times as has been every government.