Will Australians regain their economic footing before they allow themselves to fully re-embrace statism and end up with the disastrous policies of the Obama administration? The jury is out. But, President Obama is perhaps useful to the extent that his policies serve as a bad example for the rest of the world.
I agree with this statement :
“Mankind seems to be programmed not to remember the reasons for economic success and failure - and these lessons seem to need to be relearned every few years. The normal course of events is for free and prosperous economies (particularly under democracies) to move toward less freedom - more government spending, taxation and regulation - until the burden of government brings growth to a halt or near-halt.”
Australia is now MOVING BACK towards more government and more taxing and spending, forgetting the policies of Prime Minster John Howard, who led Australia for close to 10 years and led her to prosperity.
The Aussies have moved LEFT in 2007 with the election of a Labor Government (which they re-elected this year by a bare margin).