Hockey can't play the Swan card forever

The government’s decision to play down the impact of the GFC and structural shifts in the economy lets it pin fiscal woes on Wayne Swan. But this revisionism distorts our perception of the current economic environment.

Time heals, it is said, but when it comes to Australia’s view of what we called the ‘global financial crisis’ it also hurts.

In the past week, which saw the final budget outcomes for 2013-14 released by Treasury, the Abbott government chose to remember the economic pain of 2008 and 2009 as little more than a mozzie bite on the rump of the economy.


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