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John Howard: Governments Overspending on Stimulus

John Howard: Governments Overspending on Stimulus

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DATE : Tue, 12 May 2009 16:42:12 -0700
Entered in Database : 2009-05-12 23:42:12
length : 12656038
Link to the Show / Show Notes

Complete video at: http://fora.tv/2009/04/23/Uncommon_Knowledge_John_Howard

Former Australian Prime Minister John Howard expresses reservations over economic stimulus strategies that substantially grow budget deficits. He also predicts the US will emerge from the global crisis with the strongest economy.

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Prime Minister John Howard offers insights into Australia's own "special relationship" with the United States beginning with why Australia's participation in the Iraq war was in his nation's best interest. Echoing parallels with the United States, he offers his views on multiculturalism - which he calls "a very confused credo" - and Australia's role in the "Anglosphere," particularly as it relates to China, its largest and most powerful Asian neighbor.

He speaks of the current financial crisis and the need to remain confident in the market and the dangers of overregulation. Finally, he answers "What should Americans know about Australia that we don't?"

John Winston Howard (born 26 July 1939) is an Australian politician and the 25th Prime Minister of Australia. He is the second-longest serving Australian Prime Minister after Sir Robert Menzies. He previously served as Treasurer in the government led by Malcolm Fraser from 1977-1983 and was Leader of the Liberal Party (thus also Leader of the Coalition Opposition) from 1985-1989 through the 1987 election against Bob Hawke. Elected again as Leader of the Opposition in 1995, Howard became the Prime Minister of Australia after defeating incumbent Paul Keating in the 1996 election. His government was re-elected in the 1998, 2001 and 2004 elections.

Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits Hoover's quarterly journal, the Hoover Digest, and hosts Hoover's television program, Uncommon Knowledge.