House debates

Monday, 25 May 2009

Questions without Notice

Economy

2:45 pm

Photo of Kevin RuddKevin Rudd (Griffith, Australian Labor Party, Prime Minister) Share this | Hansard source

The government’s strategy is one of nation building for recovery, and we are in the business of doing that with our sleeves rolled up right across the country. We were in Western Australia last week with a Liberal Premier doing exactly that. In fact, I seem to recall the member for Curtin showed up at one project associated with that. Maybe I am mistaken as to where the money came from for that particular project.

Can I say to those opposite that this is the practical response to and what you do in the face of a global recession which is the worst economic downturn in three-quarters of a century. The alternatives are these: you stand back and do nothing, or you embrace the government’s strategy, which is this. When there is a huge assault on private sector activity in the economy, government steps in temporarily to make a difference. That is what we have done. That is why we are investing in infrastructure. That is why more than 70 per cent of the government’s stimulus package is investing in infrastructure. That is why we are engaged in rail, road and ports right across the country. That is why we are investing in social housing right across the country—to make a difference, to reduce the impact. What those opposite in their hard of hats say is, ‘Let the free market rip.’

Comments

No comments