The prudential regulation that I have put in place has been absolutely critical. The fiscal policy which we have put in place has been absolutely critical and if people looked at Australia now turn its back on economic reform, which of course industrial relations rollback or throwback would be, let me tell you, that would really start affecting confidence.
Peter CostelloOur system of government is one of checks and balances. It requires compromise.. compromise between the Executive and the Parliament, compromise between one House and another, compromise between the States and the Commonwealth and compromise between groups of persons with legitimate interests and other groups with other legitimate interests. There is room for compromise.. indeed demand for it.. in a system of checks and balances.
Peter CostelloYou know in politics you are dealing in the realm of choices. You don't always have clear-cut decision between a thoroughly principled position and a thoroughly unprincipled one. You're making snap decisions with paucity of information, generally trying to do the best that you can, but you will make errors, and sometimes it's a decision between a bad and a worse alternative. It has to be done, because we need to order our society, and of politics it can literally be said: Bad job, but someone's got to do it.
Peter CostelloBrian Burke as we now know was the most influential person in the West Australian Labor Party, if you could attract him, you're in business.
Peter Costello