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

What the opposition are doing now is questioning whether this package is necessary at all, having provided bipartisan support for the package yesterday. It is a remarkable state of affairs. What those opposite would have us do is sit around twiddling our thumbs, waiting for growth data to pop out the end of the system in nine months time, and then say, ‘Wow, we should have acted.’ The Governor of the Reserve Bank put out a statement last Tuesday justifying a 100-basis-point reduction in interest rates. We understand the impact of that and other data; those opposite plainly do not. That is why we support a $10.4 billion Economic Security Strategy for the future of the nation, even if those opposite fail to do so.

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