It's perhaps a sign of the maturation of Australian political debate that a warning from ratings agency Moody's about the need for tax rises to stave off a possible downgrade in Australia's credit rating hasn't caused much of a ripple in the media, even after two of the big banks and JP Morgan made similar observations earlier this week.

More likely, though, it reflects the traditional double standard when it comes to media coverage of economics: if Moody's had issued such a warning while Labor was in government, News Corp outlets would have gone berserk and the Coalition would be warning that bailiffs were about to come around and repossess every Australian's home. Instead, The Australian portrayed Morrison -- presumably jut-jawed and steely-eyed -- as "staring down" the ratings agency. Perhaps the editors at the Oz, in a Rogaine-induced haze, were confusing Morrison with Paul Keating, who responded to a Moody's downgrade in the 1980s by mocking the agency with a rendition of I've Got The Moody Blues at a press conference.