It's interesting to watch Krudd so shamelessly rewrite history whenever it suits his polemical purposes.
He's now trying to suggest that Labor came into office in the midst of an economic crisis, and that the Coalition was responsible.
Labor came into office inheriting from John Howard and Peter Costello a booming economy and a budget that was in surplus.
Yes, the global financial crisis that came later was not Labor's fault. But one of the reasons we are getting through it better than most other countries is because Howard's government ran the economy so well, and reformed the banking sector such that we have some of the strongest and most secure banks in the world.
And as an update to Krudd's green job fraud, hear how he nervously now admits that Employment Participation Minister Mark Arbib was right.