Kevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

I thank the member for North Sydney for his question. He asked me also about Dun & Bradstreet before. He forgot to mention that they said that this is a demonstration that not only has the federal government’s stimulus package been necessary but more will be required before the end of 2009. I notice the member for North Sydney did not actually add that bit in his reference to the Dun & Bradstreet release.

The member for North Sydney refers to the global economy. I would have thought that, as someone who himself has worked in financial markets before, he would understand the impact of global financial markets on the Australian economy. I would also have thought that the honourable member would understand that, if you have a problem in the supply of global credit to the Australian economy, it has a direct impact on the flow of credit to households and to businesses and to small businesses.

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