Senate debates

Tuesday, 20 November 2012

Questions without Notice

Economy

2:08 pm

Photo of Penny WongPenny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The opposing views are, of course, from those opposite. Probably the most amusing, were they not so irresponsible, were the appearances by Mr Hockey on the ABC Insiders program, where he attempted to explain how an economy that has grown for two decades—an economy around trend growth—was actually flatlining. When the Insiders host said to him, 'Well, no, if it were zero it would be flatlining. That is what that means,' Mr Hockey said 'No'. Somehow, in the world of Hockeynomics, a growing economy is flatlining. This is just more ridiculous commentary from those opposite. It really exposes them for what they are. They are willing to talk down the economy, to risk jobs and risk confidence in order to further their own political interests.

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