Of course it is, any fool could have $25b saved out of a $200b surplus during a boom. How much do you think Howard/Costello would have as a surplus after four years of GFC? Not so easy. Or, if they did, Australia would look like a glorified parking lot, a bit like it's beginning to look under Juliar and Co right now, or haven't you seen enough mortgagee sales, for lease signs, bankruptcies, business failures, job losses, loss of confidence, divisiveness etc yet?
