Latest LTE

4 06 2009

The dishonesty of modern day politics was again on display thanks to Kevin Rudd taking credit for Australia avoiding a recession thanks to the smallish 0.4% growth.  Funny how Rudd doesn’t take credit for the almost 200,000 extra unemployed since March last year.  Australians should be somewhat encouraged by this latest good news but should realise that this was achieved despite government intervention.  It is false to believe that wealth re-distribution from the deserving to the undeserving, and rewarding failing businesses will stimulate an economy. 
Update: Printed in Saturday’s Advertiser

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