The Rudd government has demonstrated poor judgment since its election and it is now clear that its first major error was its rhetoric about the inflation genie being let out of the bottle. It was this alarmist type of commentary that bashed consumer and business confidence, coupled with the Reserve Bank raising rates during and immediately after an election campaign in total ignorance of the global liquidity crises that was about to hit Australia.
To sum the Rudd governments first year government, they (with the assistance of the Reserve Bank) led the Australian economy charging off the cliff Thelma and Louise style.
To sum the Rudd governments first year government, they (with the assistance of the Reserve Bank) led the Australian economy charging off the cliff Thelma and Louise style.