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Mr Keating ducks and weaves but never admits his faults



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John Hewson Leader of the Opposition M e d i a R e l e a s e

26/91 8 February 1991

MR KEATING DUCKS AND WEAVES BUT NEVER ADMITS HIS FAULTS

Consider these statements.

"This the recession Australia had to have." Paul Keating Press Release 29 November 1990

"This is not a condition beyond control, it is a condition in fact engineered by the Government." Paul Keating House of Representatives 4 December 1990

But today: . .

"The Government did not want a recession, it wanted a

slowdown." Paul Keating 'Herald-Sun' 8 February 1991.

There seems to be some ducking and weaving here. If the

Government did not engineer a recession, as we had been told, doesn't this mean that Paul Keating made a huge policy error?

No, it seems it is always somebody else's fault. Victorians may be pleased to learn that it was not their fault, but businessmen and Victorian banks will not be pleased that Paul Keating has now shifted the blame to them.

Accordingly, we read today that the fault lies with the "high rollers, the businesses that borrowed big and then went under were financed by banks and other financial institutions in Melbourne."

Paul Keating 'Herald-Sun' 8 February 1991.

Really!

Of course, it had nothing to do with the fact that private sector credit was allowed to grow at an annual rate of 21 per cent

between December 1983 and December 1988, generating a massive asset price boom, ·

Of course, it had nothing to do with the fact that Australia's inflation and nominal unit labour costs grew at about double that of our trading partners for most of the 1980s.

Of course, it has nothing to do with the fact that productivity growth has been stifled by continued centralised "deals" between Mr Keating and his mate, Mr Kelty. The bottom line is that output per hour in the September Quarter 1990 has fallen below the

average level for 1984/85.

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COMMONWEALTH

PARLIAMENTARY LIBRARY MiCAH

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Nothing is ever Mr Keating's fault.

Arrogance and complacency are his trademark,

Paul Keating, Australia's Man Of Indifference, echoes Bob Geldof's "Great Song Of Indifference"

" I don't care if you live or die,

Couldn't care less if you laugh or cry, I don't mind if you crash or fly, I don't mind at all."

* I don't mind about peoples' fears, Authority no longer hears, Send a social engineer, and I don't mind at all."

Well the m e s s a g e b ack to you, Mr Keating, is that A u s t r al ia ns are s ick of y o u r d i s t o r t i o n and dishonesty.

In G e ld of 's w o r d s :

" I d on 't m i n d if y ou go,

I d on't m i n d if you take it slow,

I d on 't m i n d if you say yes or no,

I d o n ' t m i n d at all."

J ust go!

F O R F U R T H E R I N F O R M AT IO N C O N TA CT 06 277 4022