Rudd strategy puts jobs at risk – Turnbull
Malcolm Turnbull at the National Press Club today.
(ABC TV)
Prime Minister Kevin Rudd is the only national leader whose policies in response to the global financial crisis have actually made the situation worse, Opposition Leader Malcolm Turnbull said today.
As a consequence, the Rudd Government has put at risk the jobs and financial security of all Australians, Mr Turnbull said in an address to the National Press Club in Canberra.
“If he [Mr Rudd] had done no more than other comparable governments had done; if he had imposed a limited deposit guarantee; if he had legislated in a timely way for the wholesale guarantee; if, earlier in the year, he had not talked up inflation and interest rates, then he could have said that his policy responses had at least moderated the impact of the global financial crisis.
“But whether it was politics or panic, or more likely a bit of both, Kevin Rudd’s response to the global financial crisis has left us worse off than we otherwise would have been,” Mr Turnbull said.
Read the full text of Malcolm Turnbull’s address to the National Press Club today.
