Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

The global financial crisis has thrown the difficulties confronting the industry into very sharp relief, not just in Australia but around the world. Germany is assisting its car makers, the United States is assisting its car makers, and President-elect Obama says he will make help for the auto industry a high priority. Yesterday, the member for North Sydney said that we did not know if immediate action was required. The opposition thinks that drift is the best option. In times of crisis, Australians expect their governments to act decisively, and that is what we have done. We have delivered better outcomes today and for the long term.