Decisive action during the GFC When Australia was threatened by the global financial crisis, Federal Labor took the decisive action necessary to keep our economy strong and protect jobs and small businesses. The Nation Building Economic Stimulus Plan was targeted to support local jobs throughout Australia by building new projects and facilities that will have lasting benefits across the nation including: Cash payments to low and middle income families, carers and pensioners, to support demand and help those most in need; Additional investments in our schools, social housing and local community infrastructure to support growth and keep more tradies in work; Tax breaks for small businesses to help them grow their business; Investment in economic infrastructure like road, rail, and ports to support growth and jobs during the global downturn, while putting in place the building blocks for future growth. As a result, the Australian economy did come through the global recession in a stronger position than any other advanced economy. Australia was the only major advanced economy to avoid recession and recorded the strongest growth of any advanced economy through 2009. Australia’s unemployment rate was lower than any major advanced economy. There were more than 950 000 Australians in jobs during Labors incumbency than when the Federal Labor took office in November 2007, notwithstanding the impacts of the global recession on our economy. Tony Abbott and the Liberal Party opposed the Economic Stimulus Plan that kept our economy strong and supported jobs. Without Federal Labor’s decisive action, around 200,000 more Australians would have been without a job at that time. Just cant understand if there are those that have just been asleep are confused or are deluded by their own blind faith and choose to ignore the facts because it doesnt add up to what they so desperately want to believe, just because their illustrious leader told them so, but since 2007 we come out of the GFC still standing strong and had The best prefroming economy in the world with intrest rates the lowest over the last 50 years at 3.25% compared to what Howard and Costello left us with at 6.75% infaltion at under 2% compared to 4.5% unmployment at just 5% and having the best growth in western world what is wrong with continuous growth and success. Then Tony Abbott and his mob as by demonstrated example through lies and deception, became the incumbent government of the 44th Parliament. Doubling Australias deficit in just 6 months without any credible excuse and have made an art form out of lying about lying. Have offered nothing in the way of leadership or national inspiration from a self serving PM that wants to be King.
Posted on: Thu, 04 Dec 2014 14:35:37 +0000
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