Love PJK? Let the world know! www.redbubble.com/people/AusQ... Treasurer Paul Keating responds to a matter of public importance brought by opposition leader John Hewson. Tuesday, 9 April 1991
Keating by this stage of the 99 s should have been PM. Hawke should have stood aside gracefully and allowed Keating clean air . Keating would have been a long term leader the Australia needed to build on the Hawke years . Instead we went backwards and have continued ever since .
People who criticise Keating's economic policy need to understand that Australia would have been, internationally, in a weak position if he didn't implement freeing up the financial sector. Even the LNP opposition knew this. They would have done the same. Australia was competing with the US, UK and other western countries, as their economies had been freed up by Reagan and Thatcher's economic policies a few years earlier. Soon all western countries followed this model. Sadly, the growth of China was very much aided by this new international economic model of free movement of investment. Resulting in depletion of manufacturing in all other western countries as well. At least Keating made the tough decisions, not the populist ones.
Contrast the current rabble with a government that had a plan. Such a stark difference to the simplistic,nonsensical,puerile,juvenile and irrational current dross
The member for Bennelong, who, give him his dues, could mahrshall an argument...(portends 1996 right here in 1991. Howard watched, waited and learnt from the master British parliamentary debater Keating)
Great clips, he was a good speaker but created enormous govt debt, 17 percent interest rates, the demise of Australian manufacturing and the recession we had to have. It was tough times for anyone looking for work or buying a house, leaving Howard and Costello to pay off his large Govt debt.
philip stallwood Now 0.75% interest rates and our economy is more fragile then the 17% rates you keep pointing ☝️ out. Wages lower than they’ve ever been.
@@clubberlang589 yes I agree accumulated govt and private debt, lack of wage growth, increased housing costs and diminished manufacturing jobs have left long term effects on the Australian economy
@heath gallagher yes. Heath. The glib attitude and abrasive parliamentary manner can not be confused with good outcomes. His legacy is the demise of Australian manufacturing, and a reliance on export of iron ore and coal. We are now feeling the results, unreliable product supply, low product quality, higher unemployment, hostile trading partners, loss of intellectual property, wage stagnation. Etc. We now have to rebuild what we already had, and so easily relinquished in the 90s.
