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2009-10-15

Australia's gang of asymmetry

Comments on Michael Stutchbury “Make stimulus tweakable”, 15/10/2009, http://blogs.theaustralian.news.com.au/currentaccount/index.php/theaustralian/comments/make_stimulus_tweakable/

I have used the word asymmetry to describe the Rudd/Swan/Henry economic stimulus.
It was rushed and ill implemented to begin with, but Rudd/Swan/Henry has been slow in adjusting it to responding either the much reported waste or the changed economic reality.
An excessive dose of medicine is the wrong dose of medicine.
The stimulus was designed based on certain assumptions, and when those assumptions prove to be incorrect, and then it is reasonable to change the stimulus.
Further, when it is no longer in emergence, it is also reasonable to adjust the implementation to improve its effectiveness and efficiency.
So, yes, the stimulus should be tweakable.
This asymmetry reflects Rudd/Swan/Henry big government approach. The crisis just provided them with a good excuse and disguise to implement their agenda.
The trio should be called “the gang of asymmetry”.

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