Mr Swan said this was ''absurd''. "To hide their embarrassment for completely misjudging the global recession and their wrongheaded opposition to [stimulus], they now seek to resurrect a John Howard-style scare campaign on interest rates." Mr Swan did echo the recent warnings of the Prime Minister, Kevin Rudd, that the recovery could be painful, with interest rates and prices to rise, while unemployment, a lag indicator of bad times, would also continue to creep up. Full Article at Sydney Morning Herald