[Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?
Australian politician, 24th Prime Minister of Australia
Paul John Keating (born 18 January 1944) is an Australian politician who was the 24th Prime Minister of Australia from 1991 to 1996. As member of the Australian Labor Party (ALP), he previously served as treasurer of Australia from 1983 to 1991 and as deputy prime minister of Australia from 1990 to 1991. As Prime Minister, he won an "unwinnable" election in 1993. He left school at the age of 14, joined the Labor Party at the same age, served a term as State President of Young Labor and worked as a research assistant for a trade union. Elected to the Australian House of Representatives at the age of 25, he came to be seen as the leader of the Labor Right faction, and developed a reputation as a talented and fierce parliamentary performer.
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Paul Keating ‘liked to say’, Professor Huntington asserts confidently, that I was going to change Australia from being ‘“the odd man out to the odd man in” in Asia’. Despite Professor Huntington’s authoritative quotation marks, I liked to say no such thing, and I never did. What I did say, and many times, was that Australia was not Asian or European or American or anything except Australian. This is what history and geography have delivered us. It is the only option we have and one which we have every reason to celebrate.
Taiwan is not a vital Australian interest. We have no alliance with Taipei. There is no piece of paper sitting in Canberra which has an alliance with Taipei. We do not recognise it as a sovereign state – we’ve always seen it as a part of China... My view is Australia should not be drawn into a military engagement over Taiwan, US-sponsored or otherwise...
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For John Howard to get to any high moral ground he would have to first climb out of the volcanic hole he's dug for himself over the last decade. You know, it's like one of those deep diamond mined holes in South Africa, you know, they're about a mile underground. He'd have to come a mile up to get to even equilibrium, let alone have any contest in morality with Kevin Rudd.