The Labour Trio presented no data showing how much of the billions failed to recirculate. Because of the high imported content, several billions left Australia to benefit foreign economies that produced the consumer goods.
Rhetoric or credibility?
The Labor Trio at least acknowledges that Australia is approaching recession, and that unemployment will rise to record levels. It is reasonable to assume from events unfolding around the world that Australian will be recession and the economy is facing a crisis. So what does Labor do in a crisis?
Solve the crisis with rhetoric.
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When taking time to interpret the rhetoric, one can only wonder if our bold and dynamic leaders who deliver such powerful and stirring rhetoric ever read or understand the words before assaulting the senses of unsuspecting interviewers and the electorate.
One must express admiration for those brave souls in the media who venture forth to interview the Rudd, Gillard, Swan Labor Musical Trio. Once given an opening, the interview becomes a one-sided repetitive monologue interspersed with inevitable multiple choruses of "jobs, jobs, jobs" and "spend, spend, spend" that consumes the allotted time slot. Malcolm Turnbull on the other hand has less to say, and although keeps repeating it, takes up less time.
Just who is the lyricist for the Rudd, Gillard, Swan, Labor Musical Trio?
Let us take for example one of Rudd's G-20 related speeches on solutions for our economic woes interspersed with phrases to stir the blood and prepare one to man the barriers with shouts of "Security, liberty, and prosperity" plus a good dose of "equity, sustainability and community."
The musical Les Misérables is no longer playing in Australia, the French Revolution is history, so is Lenin and the Eureka Stockade.
Equity
In what?
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Rio Tinto? BHP-Billiton? Fortescue Metals? Oz Metals? Vegemite? Arnott's? Campbell's, Bonds? Does the Trio mean local or foreign equity?
There is of course the new "not fully costed high-speed broadband", the multi billion dollars plus project that will draw a "flood of foreign and local investment", somewhere in the future.
Questions remain if the expert panel did in fact recommend this new Rudd initiative as claimed.
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