Originally posted by mightyrooster
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We might have actually 'had to have' a small recession because inflation was outta control so needed correcting through independent monetary policy. This MIGHT have improved our terms of trade, enabling a mining boom shortly after...
Or, you can run the line that being in power during a mining boom & using the windfalls for vote-buying activities (in the form of middle-class welfare) is what facilitated the said economic conditions. The leader who did so mighta also over-spent on unpopular wars, denied climate change, had a whole 'kids overboard' story to vilify asylum seekers, refused to accept the stolen generation ever happened, slammed Australia into economic decline towards the end of his stint and emphatically lost his (extremely safe) seat as a result of trying to screw workers over with 'Work Choices'.
His name 'Honest John' (which Tories now boast about) may have also been coined by Keating, who used it sarcastically because he was a crooked fark who he told everybody would backflip on GST if elected. Can't remember if that happened and he then lost the 1998 election on a two party preferred basis but JUST got over the line due to a crooked deal with Pauline Hanson. Can't remember!
It's really an either / or situation though... ay :P
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