Last gasp for the 'clever country'

Australia stayed afloat during the GFC thanks to China's money, and Wayne Swan did well not to stuff it up. A far harder task awaits economic managers.

Wayne Swan’s first speech since being deposed as treasurer and deputy PM was remarkable for its unremarkableness. There were no veiled swipes at newly anointed Rudd, no calls for Labor Party reform, and true to form it was designed to create the impression that it was Labor that saved Australia during the GFC.

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