Misinformation tactics.

I am so sick and tired of Ruddites claiming that he 'saved' the Aussie economy from a new depression. He was fortunate to inherit a surplus which he rapidly and with malice aforethought turned into a deficit, how then can the brainless twits who populate the 4th Estate think of him as having 'saved' our economy?
Its the same pattern of misinformation being fed to the people by the infernally biased press corps as that which they spread about the housing market collapse in the USA, the supposed 'trigger' to the financial collapse worldwide.
Ann Coulter has some interesting things to say about the causes of the GFC and before you rear up on your hind legs about the source, consider the evidence displayed on daily TV screens as well as in the press about 'liberal' motives, and I think you might just realise that these 'accusations' ring true with what is. Check the facts: (I have highlighted in bold those aspects I deem important to reflect on.)

Over and over again, Republicans tried to rein in the politically correct policies being foisted on mortgage lenders by Fannie Mae, only to be met by a Praetorian Guard of Democrats howling that Republicans hated the poor. In 2003, Republicans on the Senate Banking Committee wrote a bill to tighten the lending regulation of Fannie and Freddie. Every single Democrat on the committee voted against it. In the House, Barney Frank angrily proclaimed that Fannie Mae was "just fine."

Rep. William Clay, D-Mo., accused Republicans of going on a "witch hunt" against Fannie Mae and attempting a "political lynching of Franklin Raines" (which, in a game of "bad metaphor Scrabble" would have been a double word score).

Fannie was pressuring banks to write mortgages with no money down and no proof of income. What could go wrong?

In 2004, Bush's White House Chief Economist Gregory Mankiw warned that Fannie was creating "systemic risk for our financial system." In response, Barney Frank went to a champagne brunch with his partner "just because."

Democrats saw nothing of concern in the Fannie debacle. Bad mortgages don't contain sodium, do they? They don't engage in "hate speech." And they don't emit carbon dioxide. There was nothing to catch a Democrat's eye. In 2005, when the housing bubble burst, Sen. Chuck Schumer, D-N.Y., introduced a bill allowing Fannie Mae to buy up even more schlock mortgages, apparently reasoning that if owning some toxic mortgages is bad, owning lots of them must be better!

He accused Republican opponents of his suicidal bill of being against affordable housing. (And that is a specific example of how liberals love the poor so much, they promoted policies to create millions more of them.)

The highlights expose the number one impulse of the left; ideology trumps reality always!

The highlighted bits are I believe the causes and effects of 'soft liberalism' of the type favoured by 'deep greens' and the Labor left. Policies that alienate, divide, create class consciousness, and demonise difficult questions. To question the lunacy of the left causes the inevitable reactions of accusations such as being 'racis't even when the issue at hand has nothing to do with race at all, such as Gore calling climate 'deniers' racist, and particularly when the term is used to denigrate anyone who believes that Islam is a threat to Western values...even when Islamic scholars state boldly that Sharia Law is their goal over all Australians!

Those who wish to rule autonomously are masters at deflection; thus we observe that when a policy decision is questioned, the automatic response is not to answer the question, but a kind of "how dare they question my competency" reflex in the form of an ad hominem attack. Questions of bad welfare management are answered with; "liberals are against the poor", and questioning of open-door immigration policies generates cries of; "Liberals are racist". No attempt to argue the merits or failings of each case, just deflection and name calling.

Luvvies also tend to employ selective memory, for example; they currently blame John Howard for the boat people crisis, Tony Abbott for the foul ups of the Gillard government and in America they blame Bush for the GFC crisis.
It would be hilarious if these were not the people who are 'in charge'.