Do we have evidence here of an emerging split in the federal cabinet? A potentially damaging rift between the Prime Minister and his Treasurer?

Kevin Rudd spent much of his valuable Sunday media time yesterday urging Australians to get out there this Christmas and spend, spend, spend:

I urge families and pensioners who have been doing it tough to spend their payments in a responsible way to make their Christmas all the more special and also do their bit to support the economy and jobs as well.

And what is the treasurer’s view on this sort of wanton profligacy? We all remember this sensible video from the 2007 election campaign: 

What a difference, you have to say, a year can make.

Peter Fray

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Peter Fray
Editor-in-chief of Crikey