Quote:
Originally posted by Sausage
You know I think you hit the nail on the head there. Thats what won the liberals the election ... the fact that interest rates were high under labor 15 years ago ;)
(btw I love high interest rates ... they aren't always bad).
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Labor went from an election winning lead to a -2% swing after 6 weeks of saturation advertising about how interest rates would double or more if labor got in again and how his tenure at liverpool all went wrong which is an entirely debateable point in itself. Australians owe more on their homes now than at any point in history. A legacy Howard had a hand in himself with housing affordability at all time lows. So it really does hut as a scare campaign.
A particularly galling thing given labor's reforms in the 80's are a large part of why we weathered the asian economic crisis and gave the current economy the sound footing it has.. not to mention low interest rates worldwide..