Swan says that firstly, a stimulus package was essential to save the economy from the Global Financial Crisis; secondly, projects like Building the Education Revolution saved jobs, and thirdly, the Liberals opposed stimulus.
Hockey’s response was constant. Not only did the Liberals support stimulus (but not as much stimulus as Labor), but the programs that made up that stimulus- the $900 checks in the mail, the BER and the pink batts I can list from memory, were absolutely flawed. Of those $900 checks, $40,000 went either overseas or to dead people. Hockey: “I don’t know what economy they were stimulating, but it wasn’t the Australian economy.”
One issue I noted- Swan says at one point that Labor’s immediate stimulus action created 350,000 Aussie jobs. Later he says that if the Liberals had been in power, there would be 200,000 more unemployed Australians. Others on the net have picked up this discrepancy- perhaps the solution to this contradiction (other than a complete blunder) is that there are still 150,000 jobs that still would have been created, even with the Liberals in power. If so, how much of a recession was there- if either party would have created at least 150,000 jobs?
Jesus asked, “Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, saying “This fellow began to build and was not able to finish.” (Luke 14:28-30, NIV)
Even in the rush of the Global Financial Crisis, even if there was no time to lose to save us from recession, even so, I don’t believe that such a long list of disasters, especially the BER and the pink batts, was counting the cost of the tower. Kevin Rudd, Julia Gillard and Wayne Swan should have counted the cost first. The same goes for Tony Abbott, Julie Bishop and Joe Hockey and their campaign promises costings; most of the promises are yet to run through Treasury.