he dodged a GFC bullet that was missing Australia anyway (given the very strong banking system and China went on its merry way) by spending the $50bn accumulated savings and then putting Australia in hoc another $100bn or so (who's counting?) to boot
he couldn't explain the resource tax - couldn't explain weighted average cost of capital (admittedly a financial term but he is Treasurer) - couldn't explain inflation - couldn't explain the ETS - couldn't explain the carbon tax and can't seem to grasp the recent economic history of his own party let alone the Coalition's!
he has done one thing exceedingly well - see to it that others take the consequences for his mistakes
just ask Rudd
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pressure getting to swan as he smashes glass, page-33
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