howard telling porkies on interest rates, page-27

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    Spot on!
    He reminds me of a child who tells stories.
    It's a case of if you don't believe this porkie then how about this one.
    Sometimes if not lying directly he goes down the path of faint praise. A good example of this is 'the grudging admission.' For example during "the great debate" he admits that labor was responsible for"some economic reform" in the 1980's. He trivialises the work of others. In truth of course it was wall to wall economic reform throughout the 80's and early nineties. The labor party was doing the necessary work that he as treasurer had dodged.
    I mean as treasurer he couldn't even deliver Dividend Imputation to shareholders. He was quite happy for dividends to be taxed twice.
    How do you think he would have got on with tariff reform or floating the dollar?
    He squibbed financial deregulation ...no ticker!
    Hill Samuel went to him for a banking licence in 1981. Two years later they were still waiting when he left office.
    Ultimately Hill Samuel was granted a banking licence by Paul Keating in 1985 following the Martyn Report and Hill Samuel of course morphs into Macquarie Bank and the rest is history.


 
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