exploding the coalition's lies, page-82

Even if your absolutely correct, you have to ask the question at what cost. We have gone from a net financial worth of -$17B when Labor got into power to a current -$251B (Treasury papers).

The government has destroyed our net financial worth to the tune of $234B! That is a very high price to pay to save us from a recession, particularly when a recession is just a natural part of the business cycle! You are supposed to have recessions because it flushes out the malinvestments and concentrates the 'scarce' resources into sectors of the economy that have the prospect of growing.

If you want 'proof is in the pudding' about the ineffectualness of stimulus packages then go look at Japan. Twenty years of stimulus packages for no real economic growth in that time. And remember, there was no stronger economy than Japan's when it went into the recession in the late 1980s.

And what happens when the next GFC hits? How much money will the Labor government have to spend to keep us out of a recession? Another $250B? More?