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A lazy billion? "So what?" says Tanner.



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Wed, 19th August 2009

A LAZY BILLION? "SO WHAT?" SAYS TANNER

Senator the Hon Helen Coonan

Shadow Minister for Finance, Competition Policy and Deregulation

Finance Minister Lindsay Tanner has no problem shovelling $1 billion worth of Australian stimulus money

overseas to China.

Reports today suggest that up to $1 billion has been spent on Chinese pink batts, via the Rudd Government’s

insulation program which is meant to be stimulating the Australian economy - not China’s.

Hammering home the total complacency, arrogance and undeniable hubris of the Rudd Government, Mr Tanner

this morning shrugged off any criticism, with the defence “So what?”

“This takes Labor’s reckless spending to new heights, when the Finance Minster can’t see the problem with

shipping $1 billion worth of stimulus meant to boost Australian industry offshore, without a backward glance,”

Senator Coonan said.

SKY NEWS AM AGENDA WITH ASHLEIGH GILLON INTERVIEW WITH LINDSAY TANNER

19 AUGUST 2009

GILLON:

When we look at some of the stimulus measures that you’ve taken there, the Opposition says the Government’s

spent over $1 billion on Chinese imported pink batts under that insulation scheme. Is that right?

TANNER:

Ah, look I can’t give you a figure, but that is just a ludicrous position being taken by the Opposition here, are they

opposed to imports? Are they suggesting that we can have an economic -

GILLON:

No, but the point of the stimulus package was to increase demand in the Australian economy.

TANNER:

And the bulk of the spending with respect to the insulation program has been in the Australian economy, but the

key -

GILLON:

But, still, $1 billion on Chinese pink batts?

TANNER:

Well, so what? The point here is that we are a trading nation.