Australia had an economy that was able to support high intrest rates comapred to other wealthy nations. we had a surplus budget we had low unemployment. we had massive foward orders for minerals. we had very samll exposure to the financial chaos our bank regulatory system in place was suffecient. by the time the globe hit bottom and began to turn to the up side none of the stimulas money had been forth commining we had a fast and powerfull reduction in intrest rates!!!!!!!! pick numbers out of hats ..8.5% umemployment. 1'3 % reduction in gdp ...all unproven tripe. the fact is that the Rudd government had very little to do with any of the significant events or recient years, and anything that suggests otherwise is just complete rubbish, and anyone that supports any idear that rudd and swan are responsible for our position is either a labor bolt on or is involved in recieving government payolla at the tax payers expence.
