Thursday, January 24, 2008

ALP Give Up On Inflation

Working Family, originally uploaded by ddbsweasel.

Mr Swan has admitted Rudd's government can do nothing about inflation for a few years. International economic situation being what it is. Such issues weren't a big problem for the Howard Government, which notably shielded Australia from many of the problems associated with economic downturns in Asia, or from the technology correction, or from the war on terror. But then the Howard administration had anti inflationary policy. Rudd is hamstrung by the fact that he doesn't know what he is doing.
During the last election campaign, Rudd claimed that Mr Howard had been lucky during his government's term. Sadly, we are discovering that Rudd is unlucky.

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