Well running up a huge surplus is very poor economic management. The key was to invest the money in a non-inflationary ways to reduce capacity contraints and increase productivity. Both these were problems left by Howard and both lead to inflation. The mining costs that miners now face would be the end of the mining boom for us rather than lack of demand if nothing is done about it.
Plus investment in non mining sector as it is important we have other industries for when the mining boom does end.
I am of the opinion howard was never as good as he said and that today things are not as bad as what Rudd says.
We need to focus more on how to meet the challenge rather than play political football.
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kevin rudds attack on john howard, page-26
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