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A most inter­est­ing thing happened in the “Great” Debate between Howard and Rudd. They both tripped over them­selves to lay claim to being the nat­ural suc­cessors of the Hawke/Keating leg­acy of reform and man­age­ment, though Howard char­ac­ter­ist­ic­ally tried to have a two-bob each way by con­tinu­ing to excor­i­ate them for “the 17 per cent interest rates we had to have”, and rab­bit­ing the laugh­able fal­lacy that Liberals=budget sur­plus and Labor=budget defi­cit. Look to your own record Prime Minister.

Inter­est­ing because over the last dec­ade the Howard gov­ern­ment has blamed every piece of bad news on the pre­vi­ous admin­is­tra­tion, with the ulti­mate eco­nomic dilet­tante Cap­tain Eager and the Mark of Voth movie A Sex, Liesnd Video­tape rip

lead­ing the charge. Labor, under its vari­ous lead­ers ran scared from this leg­acy, believ­ing the Keat­ing brand to be polit­ic­ally toxic. There was no reason why this should have been so. The fin­an­cial and tar­iff dereg­u­la­tion, National Com­pet­i­tion Policy, Prices and Incomes Accords of the era, along with indus­trial rela­tions reforms in the form of enter­prise bar­gain­ing lay the seeds for Australia’s eco­nomic mir­acle – sim­ul­tan­eous high growth and low inflation.

With the pas­sage of time and the bene­fit of hind­sight, even Keating’s vir­u­lent adversar­ies are try­ing to claim the fruits of his hard work. Its record in gov­ern­ment and its cur­rent policy out­lining a com­mit­ment to infra­struc­ture and supply-focussed spend­ing demon­strate that Kevin Rudd and Labor really are the eco­nomic con­ser­vat­ives. After a dec­ade of wasted oppor­tun­ity, with the pro­ceeds of a once-in-a-lifetime min­er­als boom squandered, Rudd should not make this cam­paign easy for Howard. Its time to go for the jug­u­lar.Sea of Love release The 81^st Annual Academy Awards movie

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