Nick Sherry (Tasmania, Australian Labor Party, Assistant Treasurer) Share this | Hansard source

As I have indicated, the OECD report has provided strong support for the decisive policy actions of the Rudd Labor government. But it is not just the OECD; the International Monetary Fund has also endorsed the Labor government’s stimulus approach and the important role it has played in cushioning the Australian economy. I think it is important to note that both the OECD and the IMF have endorsed in general principle government stimulus packages. We have seen that around the world not just from labour governments from the centre left but we have also seen it from right-of-centre governments. In fact there is only one political party in the world that does not support government intervention via stimulus packages, and that is the Liberal Party of Australia. There is only one political party in the world—they have no idea, they have no policies— (Time expired)