rudd saved australia, page-25

  1. 27,375 Posts.
    I bet he does not tell how a Rudd's style of stimulus would not have saved the US, UK, France, Japan, Irland, Spain and so on?

    The robust Australian economic conditions were shared by only a handful of other countries and the impressive federal financial situation and systems strength was entirely inherited from the previous government and that before ... even the high interest rates Howard was cursed for gave the RBA unsurpassed leverage, remember the subsequent drop in the base rate was not in Rudd's hands.

    At best Rudd's contribution played it's small part only, even arguably a needless overkill, the system, lack of debt and underlying strength of our trading partners took care of the rest.



 
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