shorten to blame for 78 per cent super tax, page-16

If the banks had passed on all the cuts over the last DECADE then we'd expect the emergency level to remain consistent. Since they haven't, the effect of the RBA cuts to stimulate the economy over the DECADE has diminished hence - and here is the punch line - what the RBA would consider the emergency level a DECADE ago is different to today.

So what you are saying is Swan and the rest of the economic community got it wrong in 2009 when they called 3% - In your mind it was 2.2% and now since the gap has widened by a further 0.7%, the emergency level is now 1.5%.

WOW, sorry captain my captain. You could have saved Australia a fortune. No need for all that stimulus - SOFL.