Originally Posted by
mcgrath50
Various world financial bodies praise Australia for avoiding the worst effects of the GFC. So the measures taken by the government (which were much more aggressive in terms of spending than the rest of the, now recession hit, world), assisted by the tail end of the mining boom, worked out well actually.
Oh dear.... Someone who thinks China didn't exist and debt doesn't matter. Aussie spending was totally wasted - and was all about Rudd being able to stand up on the world stage and say 'look what I can do'. Australia didn't have a problem, so of course throwing money at it would 'fix' it.
Post hoc ergo propter hoc.