http://www.crikey.com.au/2007/11/30/peter-costello-a-legacy/ now with extra source Sat, 11 Feb 2012 21:47:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2007/11/30/peter-costello-a-legacy/#comment-14309 Jim Wright Thu, 01 Jan 1970 10:00:00 +0000 #comment-14309 We will never really know whether Costello was a good treasurer, because he was never required to take positive action to avert a disaster (e.g. a nasty recession). He has had 1 year of comfy experience 10 times over. We will never really know whether Costello was a good treasurer, because he was never required to take positive action to avert a disaster (e.g. a nasty recession). He has had 1 year of comfy experience 10 times over.

]]> http://www.crikey.com.au/2007/11/30/peter-costello-a-legacy/#comment-14310 Tony Papafilis Thu, 01 Jan 1970 10:00:00 +0000 #comment-14310 Pardon? In 1996, Howard/Costello inherited Labor's budget deficits of some $10 billion per annum & nearly $100 billion of Lab's debt. Some 3 years later 98/99, Asian crisis & commodity price collapse $12 oil/brl. Then the dot-com market collapse in 2001. Pardon? In 1996, Howard/Costello inherited Labor’s budget deficits of some $10 billion per annum & nearly $100 billion of Lab’s debt. Some 3 years later 98/99, Asian crisis & commodity price collapse $12 oil/brl. Then the dot-com market collapse in 2001.

]]> http://www.crikey.com.au/2007/11/30/peter-costello-a-legacy/#comment-14311 Ted Riesz Thu, 01 Jan 1970 10:00:00 +0000 #comment-14311 Costello was lucky that he was not stupid enough to reverse the Hawke/Keating reforms and was able to bed down the GST. The lack of investment in physical & social infrastructure while setting up quirky investment funds was his real failure. Costello was lucky that he was not stupid enough to reverse the Hawke/Keating reforms and was able to bed down the GST. The lack of investment in physical & social infrastructure while setting up quirky investment funds was his real failure.

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