Wednesday, October 22, 2008

Today's extraordinary Senate hearing

More details later.

The transcript of Ken Henry's grilling at the economics committee will be here in a day or two and will make great reading.

One highlight was Senator Bill Heffernan. He asks straightforward questions.

Hef: Has Australia ever been where we are going?

Henry: Excuse me Senator.

Hef: The position that we are in and the globe is in. Have we ever had to design what we are now designing before?

Henry: No. No Senator, these circumstances are quite unprecedented. I don't think there would be policy advisor or policy maker alive today who had confronted circumstances such as these.