Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

They do not like it, Mr Speaker. They went on a spending spree at the height of mining boom mark 1, and 10 interest rate rises followed. They do not like that at all. But Mr Haslem has blown the whistle on their approach to economic policy and demonstrated how unsuited they are to our current circumstances because, if they were in government, there would be no savings, there would be no return to surplus, there would be no investment in the workforce. And of course if they were there, there would be a great black hole, an $11 billion black hole, in their financial plans. What all this proves is that they are no more qualified to run an economy during mining boom mark 2 than they were during mining boom mark 1.

An opposition member: The black hole's in your brain, Wayne.

See this speech in context