These last few days the airwaves have been full of Liberal Party leader Brendan Nelson and wannabe leader Malcolm Turnbull rabbiting on about how the Howard Government had left a booming economy without a worry on the horizon. They both accuse the Labor Federal Treasurer Wayne Swann of putting a spin on talk of increasing inflationary pressures.
Hello? In the twelve months before the 2007 federal election almost every economist who gave a public opinion warned that the Howard Government needed to watch the growing trend towards inflation, as it presided over back-to-back interest rate rises.
Both these blokes need a good kick in the withers to bring them back on track to reality.
Did that resounding election loss teach them nothing?
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