We are at the end of a boom.
The money has been rolling in. Things get tougher from here. We should be cashed up and ready to respond to tighter times. We’re not.
Why not? Well, two terms of Labor government have a lot to do with that, and Mr Rudd reduces the issue to the question “Who do you trust?”. He does seem to be making it very easy.
Even the Fin Review, a Fairfax rag can tell you the answer. It does its best to soften the blow for Labor, the Telegraph puts it more bluntly …