… the Australian economy was the only one in the developed world to expand in the first half of 2009.

In fact, Australia managed to avoid recession, only seeing its economy contract in the last quarter of 2008.

Its government has helped the economy with major stimulus spending.

It has spent 42bn Australian dollars ($35bn; £21bn) on schemes including cash handouts for pensioners and for low and middle-income families, and a number of infrastructure projects.

Meanwhile we (the good ol’ US of A) spent trillions on handouts for the rich guys… and are still mired in a recession (and if you believe otherwise… wait, why are you reading my blog again?).

Hm. Makes you wonder.

Tags: australia, bitch bitch bitch, depression 2.0, failout

This entry was posted on Monday, October 5th, 2009 at 22:51.