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2010-06-24

Rudd - from huge success to unprecedented loss

Comments on Alan Kohler “Ignorance, hubris, failure”, 24/06/2010, http://www.businessspectator.com.au/bs.nsf/Article/Kevin-Rudd-Julia-Gillard-leadership-challenge-spil-pd20100624-6PT7V?OpenDocument&src=sph
An excellent piece, Alan.

I think adding to the success or perceived one in tackling the GFC impact was the election victory that laid the foundation of his power centralisation on top of his autocratic management and leadership style. Without that election victory, he would not have been able to ignore the factions.

While his leadership style obviously played an important part, but seemingly good but actually poor advice from the advisors in his office and the federal beauracracy also had a role. He had not been served well by his chosen advisors, or the Treasury and its secretary Dr Henry in the process.
The spending to deal with the GFC was far too excessive and a large proportion of that spending was unnecessary.

That excess laid the foundation for the silly RSPT proposal and possibly the abandoning of the ETS to try to get to budget balance earlier for the purpose of election due to other policy failures, because he thought he needed something to back up his claim of good and conservative economic management.

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