Alex White (Labour)

Senator O'Toole is absolutely right, although I slightly disagree with him about whether President Obama said anything of substance. He said one thing of considerable substance, which applies to us here. He said that a day of reckoning had arrived in the American economy in regard to decisions that had been put off there for many years, which people were now having to face up to making. The day of reckoning has arrived for the people of this country, for those who have lost their jobs and for those involved in the real economy. Sooner or later the day of reckoning will arrive for the people who made the decisions and those responsible for indecision over a period of ten or 11 years who have us where we are today.