Wednesday, November 07, 2007

Me Too election? More like Deja Vu election

A lot of similarities are starting to crop up between this current election campaign and the 1995 campaign.

The most interesting one is Howard's recent comments on the interest rate rise:-

Speaking ahead of tomorrow's Reserve Bank board meeting, which is expected to raise official interest rates for the sixth time since the 2004 election, the Prime Minister said Australia faced "a more difficult economic environment, with some unavoidable inflationary pressures".

Mr Howard said rising world oil prices and the drought were to blame for fuelling inflation, saying they were factors beyond his control.

Is it just me or does sound like Paul Keatings "This is a recession we had to have"?

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