You make a good point concerning 'confidence' being the critical factor during recessions.
Back in the early '90's the Victorian economy was a basket case when Kirner was thrown out of office. Kennett restored confidence via bringing major events to Victoria and giving hope and optimism to Victorians.
Contrast this with the current Federal approach which is all about talking down expectations about jobs, GDP and the like. Whilst Rudd might think it is best to lower expectations he runs the risk of destroying confidence and optimism at a time when our Leaders should be giving hope to their constituents.
Giving away the savings of Australians to a select group in the community was an easy gimmee of a policy, but what did it do for the nation other than bring a few smiles to the chosen recipients?
