Yes, I think it is ok for Swan to opine as he did about the impact issues in the USA elsewhere in a global economy.
However, as they say, "people in glass houses ..."
As to job losses to achieve structual improvements in Australia, particularly Qld, I say yes when the alternative is to have heads in sand as we follow Greece, Spain, Portugal in the longer term and MORE dramatic problem of not being able to say no to living beyond means and to the even worse problem in the USA of not being able to say no to living beyond means in a country with such a huge wealth/services gap across the population where way too many suffer and way too many are wealthy beyond a useful means.
