House debates

Thursday, 2 June 2011

Questions without Notice

Economy

2:50 pm

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

So those on that side of the House are in complete denial about the dramatic impact on our economy of the natural disasters that occurred earlier this year. The biggest natural disasters in Australia's history. The biggest economic effect in Australia's history. They produced a negative figure for our economy of 1.2 per cent in the quarter, and he wants to somehow pretend that it did not impact in South Australia or any other state. This is truly bizarre. They do not understand the basic economics of what is happening in our economy. How could they possibly run the country?

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