replicating the gfc crash of 2008, page-20

I agree, the gov definitely have a lot to answer for. Here we have the RBA working against the Gov due to an over stimulated economy by a government that always needs to look like it is doing something. Wasn't our stimulus one of the largest compared to GDP in the developed world. All for an economy that didn't go into recession. The stimulus had very little to do with this fact.

Wouldn't it have been a master stroke for the gov to hold off of the majority of the stimulus and save it for what may be coming. Interest rates could have stayed low/lower then and they would have had something up the sleeve for a rainy day. Rudd would have gone down in history as one of the greatest rather than where he is in inevitably heading now. He is a liability and has to go.