Labor's Stimulus

In 2008, as the Global Financial Crisis cascaded into the Great Recession it became clear this was no ordinary financial crisis. The newly elected Labor Government realised we were staring into the economic abyss of another Great Depression.

As Treasurer, I and every other member of the Federal Labor Party, was willing to do whatever it took to spare the wider community from the horrors of a Depression.

In that sense, there is no event or action that defines our modern Labor Party’s values and motivations more than our internationally acclaimed response to the Great Recession (or the Global Financial Crisis).

On this page you'll find a number of resources explaining how and why Labor responded in the way we did.

Video - The Collapse of Lehman Brothers


Video - Interview With the Labor Herald About Labor's Stimulus 

 
Letter from Dr. Martin Parkinson former Treasury Secretary

 

The Way Forward

 

 

Other useful resources:

 

 


WE'LL PUT PEOPLE FIRST