He then looks at when their current Government was elected and how it's doing in the polls. It seems that in terms of timing, the current Australian Government was very unlucky. To quote from the blog:
No matter which country you pick in these graphs, the fiscal year in which you would least want to take government is 2007–8, the last pre-GFC one. Then the first budget you put together yourself is the 2008–9 one.
In each of those countries the government’s well-laid plans for 2008–9 were blown to smithereens and the bar dropped deeply into the red.
You can argue ‘til the cows come home about waste and too much spending and how many jobs were saved and at how much per job.
But no Australian government would have avoided going into deficit to the tune of tens of billions of dollars from 2008–9.
In political terms, $20 billion wouldn’t be much different to $50 billion. Either would have provided the ammunition Tony Abbott and team have been so adept at using. (Barnaby Joyce is especially talented with the metaphor.)
Throw in this politically-challenged government and it just gets better.
A perfect storm.
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