The ALP cant have it both ways on the economy.They claim that they prevented a severe recession by increasing Government spending.That can only be because the spending increased GDP.
If GDP is increased by Government spending then Income as a percentage of GDP drops.The actual income dropped for only 1 year.The rise in Federal Government income has risen every other year and by more than inflation.The Rudd/Gillard Governments have been blessed with a much bigger mining boom than Howard.The terms of trade have been at record levels.
Also remember that Howard/Costello also had a year when revenue collapsed considerably in 2001/02 after 9/11.
As for savings at least the Howard Government set aside $70 billion to be for future requirements of the Federal Government.How much have the Rudd/Gillard governments spent on infrastructure.The NBN hasn't been anywhere near the planned total spent as yet.Gonski remains a future liability.BER was $16.2 billion,Pink Batts $2.5 billion.
I have to laugh at some of the polemic being pushed here by the Rudd-boosters. We're only a few travel junkies talking amongst ourselves. Perhaps a dozen regular posters. We're not going to swing any electorate, let alone influence an election.
Rhetoric will have no effect here on who is Prime Minister in a month or so. We can be as honest and free in our discussion now as we can be once the votes are cast.
I love that time in the election night broadcast when the polls close in WA. Richo and the other talking heads are no longer obliged to root for their team and they can admit mistakes, praise the other side, whatever. The sprays happen - remember Cheryl Kernot once she realised that the people of Dickson had turned against her, just because she live on the Gold Coast and was as loyal to the Democrats as she was to her husband. Or Maxine McKew who had been royally shafted by Rudd and was the victim of more voter backlash.
People feel the urge to unburden themselves of a lot of untruth, deception and illusion.
The ALP, over the past six years, has little to show for sound economic management. All that crowing over avoiding the worst of the GFC - that wasn't Swan pulling infrastructure out of his bum, that was the miners pulling gold out of the ground.
And now they aren't pulling quite so much out. The income is drying up, and Swan's cold consolation is that he isn't the one trying to explain how come the wheels have embarrassingly fallen off.
I have to laugh at the idea that the pink batts, the school hall fiasco, the NBN pie in the sky and the $900-buy-a-flatscreen giveaway saved Australia. That's not infrastructure. That's a lick of paint and a lot of waste compared to the infrastructure projects the USA was working on in the Great Depression. We're still drawing energy from the Snowy Mountains, and the Yanks are powering half the West from Hoover Dam.
When Rudd was kicked out the first time, he stood and wept as he listed his legacy. It was a lot of speeches, a lot of promises, a lot of thought bubbles. He'd spent two and a half years talking about stuff and that was what he was leaving us. For delivering on his grand vision, that was Gillard's job.
And she stuffed up on that, relentlessly pointed out by Abbott and even more relentlessly undermined by Rudd. There are going to be some extremely pointed political history books and memoirs published over the next few years, and apart from Rudd's autobiography, they are all going to highlight the incredible campaign of revenge, disloyalty and selfishness that we saw as Rudd and his minions undermined our first female Prime Minister.
In hindsight, she had a tough job and she could have benefitted from a united team. One expects the Opposition to oppose, and she had a very effective Opposition pouncing on every trip and stumble. But she was also dragged down by her own. Not just Rudd, though he was the most determined, but also Thomson, Obeid and the rest of those out to get what they could and b*ugger the consequences.
I look forward to reading some of the books written over the next few years.
Fifty Shades of Pink, The Complete Idiot's Guide to Good Government, The Ruddfather - these are going to be set texts in Australian Political History 101.