"While economic growth in Australia slowed significantly, the Reserve Bank of Australia said the country was largely protected from the more serious effects because Australian banks had little exposure to the US market and US banks.
Resource exports to China, whose economy recovered quickly from the GFC, also protected Australia."
https://www.sbs.com.au/news/remembering-the-global-financial-crisis-10-years-on

Nice cherry picking. The proceeding sentences in that article
"In Australia, the effect was muted but extraordinary measures were enacted, including a $42 billion stimulus package designed to avoid recession and limit job losses. The Labor government, under Kevin Rudd, handed out bonuses  will to middle- and low-income workers worth up to $950. And it worked. "

In whose opinion? The spud who wrote the article?

Yup, Townsville got hit hard, especially with us being the centre of the Storm flop over.

-PB

If it was a News Corp rag that'd be ok? 

-PB

No, I wouldn't be that disingenuous

RIP Robert James Lee Hawke.  

A leader from a time from leaders actually led & guided their people to unchartered waters with strength, wisdom & fortitude despite the yammering of the naysayers.  

People forget also that he was a Rhodes Scholar so there was a clicking brain behind that larrikin facade.  

Wasn't that a Gough idea though?

I didn't link the article, just used it to counter the argument the OP was making with the same source.
Good to see you read links though as the names of the "experts" are mentioned.

Abbott really hit the nail on the head when he said Bob Hawke was truly a great man - a PM with Labor in his heart, but Liberal in his head!

The guy was probably in the wrong party. A bit like Turnbull who was also in the wrong party and should have been in Labor.

true, its relevance from here watching the US's problem was good opportunity reassessing your business in case of it happening here.
(which it didn't and wouldn't have but it was a good lesson to watch)
Companies got smarter, too many employees, 5 people could do the job of 10 and rightly so to this day etcetc.....
Enzo makes pretty good points overall on the situation........reading and or posting links from then just depends who the source is and their pov just as posters here.
IF you lived through it and pre you know.
Rudd was a kid in a lollie shop with a motza of cash, pressure to spend because its going to crash here, bah hum bug.

Anyway bring on the messiah Shorten just as Rudd/Gillard times, as the little doer says in his ads "you will pay" lol........

No,opinions without any evidence should remain just that - in the opinion section.

Where is the data to support this?

It's obvious to me that if it wasn't for Howard/Costello giving surpluses for 9 out of 11 budgets, there is no way Australia would have weathered the GFC like it did. The plasma TV grant was just smoke and mirrors.

I mean seriously. Rudd was a walking disaster zone. Probably the worst Prime Minister Australia ever had and I am willing to accept Labor PMs if they did good. For instance, I actually voted for Hawke and never regretted it. I also voted for Keating but greatly regretted that because I was bleeding money with 19% interest rates. It nearly bankrupted me and because of it we laid off 4 people since we didn't even have enough for ourselves. A spade is a spade.

I am more than happy to accept a Labor Government as long as they are sensible like Hawkey was. He was a great PM. No doubt about it. I would vote for him any day and I would vote him ahead of Morrison. But Shorten isn't sensible at all and not even close to Hawke or Morrison.

That's exactly right.

Rudd got in and was like a kid in a lolly shop thanks to Howard/Costello.

He had surpluses and money in the Bank. He had money to burn and did a good job at burning it too.

So what better way than to buy some support and claim to be a hero by saving Australia from the GFC?

Good bait

-PB

It's not bait. he did actually say it, and I do actually agree with it.

I agree with it because Hawke did actually have some very sound economic management capabilities in those days and under his leadership and also Keating.

"And it worked "is an opinion.  However the lack of exposure of Australan banks and the Chinese trade situation is a matter of fact.

Hawke wasn’t bad, neither was Keating.  Modern day Labor is unreconisable to Keating, but you know he has to play the part.

The fact that ex leader Latham is now a One Nation senator proves how far the major parties have catapulted to the Left.  

That couldn't be more wrong 🤣🤣🤣.

The Overton Window has moved to the right in most Western Countries. The Labor party is now pretty much a centrist party while the Corporate wing of the Democratic Party is centre-right nowadays. The likes of Hillary Clinton and Joe Biden would probably be in the Liberal Party if they were Australian.

It just proves how far Latham has catapulted.

he does have a point.

First of all, Latham isn't as bad as the media portray him. He is however a hot head such as that infamous day he gripped Howard in an aggressive handshake during an election campaign.

The reason why he has gone to One Nation is because the ALP have gone all cooky leftard and ultra stupid on us. The ALP never use to be like that during the Hawke and Keating years. those guys did so many great things for Australia and they resonated with the Australian people. They gave us Medicare, Super and they were genuinely for the worker and also for small business because without small business there are no jobs for the worker.

You tell me the most sensible policy the ALP have come up with? All I hear is a lot of divisive politics. I hear generation warfare, class warfare, the divide between one group against another group, and a lot of identity politics.

Hawke, Keating and Howard never played such dirty politics ever. They united people not divide them.

I have heard today from many Liberals that they actually voted for Hawke. I am one myself. Why is that? Because he was a legend. A great larrikin. He was genuine. A good fiscal manager and he actually cared for all Australians. He came across as someone you can relate to.

You don't get that from Shorten. Not someone I would like to have a beer with.

I find it ironic that there are such glowing tributes flowing in from all corners for Bob's passing. If he were born in 1969 (and not 1929) and had aspirations for the ALP leadership now, he'd be a fat chance at making it. In this age of social media and outrage culture, a sizeable element that comprises the modern ALP voter base would hound him for being a womanising misogynist, the embodiment of white privilege and toxic masculinity. We'd miss out on seeing a man like him lead this country because he didn't appease the Gen X/ Gen Y, Triple J-listening, university educated idiot who typically votes Labor these days. The party aint what it used to be. 

No it isn't. The ALP is not what it use to be.

Yeh, I don't think Hawke would have been accepted in today's ALP.

He would find a more natural home for himself in the LNP in this day and age. Same with Keating. Even Albanese is struggling to stay sane in the ALP right now. Go figure.

No democracy sausage at my polling station; there normally is for the kinder there. Day ruined.

LOL

Do you even know who Gough is?

Yes I do. He was one of the greatest political tosspots of Australian political history that really screwed the country right up. 

Lame 8 chan troll is lame Paul c . 

Tony Abbott #gone.

Early days but it isn’t looking good for Shortfused! 

Looks like ScoMentum will hold  on just as I predicted. This will be a great day for Oz!

the polls were all wrong. LNP getting strong swings in NSW and QLD and could also nab 2 seats in Tassie. 

Fingers crossed! 

FUCKING LOL @ TONY GONE

-PB

I’m calling it now folks! 

Congratulations ScoMentum! You little ripper! You did it! 

Time for me to crack open the champagne! Australia is safe!