Yesterday the Government also announced a $10.5 billion stimulus package to help Australia cope with the meltdown.
Mr Rudd says the package has come at the right time.
“As Prime Minister I will not sit idly by and watch Australian households suffer the worst effects of a global crisis we did not create,” he said.
One wonders why, given the economic crisis is not of our making, why the US is government is not being asked to pay the $10.5 billion the Australian government is being forced to spend on a stimulus package.
Our blind fawning to all things American is now paying its expected dividend of fear and anxiety.