Oil crisis Oct 1973 to March 1974. Price went from $3 per barrel to $12 per barrel.
So with that occurring, Whitlam still went ahead and massively increased spending...cunning, real cunning.
Normally, if you lose supply you would call an election. But not Whitlam, he instead tried to borrow money off a dodgy Pakistani arms dealer...again cunning, real cunning.
And I repeat what I said earlier. The people of Australia had two chances to reelect Whitlam - in 1975 and 1977 - and they rejected him.
Now that is real cunning!
- Forums
- Political Debate
- australia's debt to gough
australia's debt to gough, page-16
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online