Wayne Swan Lilley, Australian Labor Party, Treasurer
2:57 pm
It is a bit rich for this to come from those opposite, who opposed the bank guarantee, particularly the wholesale funding guarantee, which has probably done more than any other measure to put confidence into our system and which has stabilised the Australian economy. We have been very active to ensure that credit flows as freely as it possibly can, given what is going on internationally. The Australian government has been very active. For the shadow Treasurer to get up and somehow argue that borrowing is being crowded out by the federal government’s actions in borrowing to support demand is a nonsense.
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