Stephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

The Rudd government are focused on delivering sustainable jobs growth well into the future. We openly acknowledged in the budget, and have regularly acknowledged, that a combination of slowing global growth and eight rate rises in three years courtesy of those opposite means that we are likely to see a slowing in employment growth. We have actually stated that up front. Due to global uncertainties, the legacy left to us by the highest inflation rate in 16 years and the fact that, when in government those opposite ignored 20 Reserve Bank warnings about the consequences of their slack—