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| It's a Ruddy Great Recession? |
paraclete |
03/11/09 |
Here's the trick, how do you increase the number of jobs at the same time as you increase unemployment. Well it's easy if you use the latest economic technique; the Rudd technique. You stimulate the economy with short term spending and hey presto you get growth in part time and casual jobs but permanent employment just evaporates, Thus the employment statistics are clouded and the nation doesn't get to hear about those embarrassing job losses.
http://www.news.com.au/business/story/0,27753,25175631-462,00.html
Mr. Krudd could unfortunately give his name to the latest in economic theories and a era of economic khaos. Keating gave us "the recession we had to have" and "the banana republic", and Krudd is going to give us the Kruddy great recession. I notice how in the last month the "R" word has become politically acceptable but the "D" word remains unacceptable in polite company, unless of course you are a national leader when the "S" word becomes acceptable in describing the mess you are in. I expect that D=S in this world of polite expression |
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