The two nations have much to learn from one another:
I feel that there's a great meeting of the minds between Prime Minister Rudd and myself", Mr Obama said. "I think he's doing a terrific job, and I'm looking forward to partnering with him for some years to come", the President added.
Mr Rudd, 51, and Mr Obama, 47, both hail from humble origins and lived overseas for some of their childhood years.
"They are ideological soul mates", said Alan Dupont, director of the Centre for International Security Studies at the University of Sydney.
Mr Obama's praise for Mr Rudd follows yesterday's surprise commendation from the US Treasury Secretary. Timothy Geithner applauded Mr Rudd's economic efforts as A+, implying that the rest of the world's developed economies would have done well to follow the Prime Minister.
Mr Rudd is "A+ on these issues", he said at a Wall Street Journal conference in Washington. "If we did what he advised, we’d all be in a better place", he said, according to Bloomberg.
Last month, the Rudd government unveiled plans for a $42 billion cash splash, which included handouts of up to $900 for millions of people across the nation. The Prime Minister also guaranteed bank deposits and earlier this year indicated that it could establish a fund to lend directly to blue chip companies, if foreign banks fail to roll over as much as A$75 billion of maturing debt.
Mr Rudd responded by calling President Barack Obama’s US$1 trillion plan - to purge banks of toxic assets and unfreeze the credit markets - an “important step.” “
None of the above works unless it’s globally coordinated,” the Prime Minister added.
http://money.ninemsn.com.au/article.aspx?id=793098(You may recall that Rudd's predecessor, John Howard- had some early words to say to Obama):
February 12, 2007 Australia's conservative Prime Minister John Howard said Sunday that victory for Democratic Sen. Barack Obama and his party in next year's presidential election would be a boon for terrorists.
"If I were running al Qaeda in Iraq, I would put a circle around March 2008, and pray, as many times as possible, for a victory not only for Obama, but also for the Democrats," Howard said, speaking on "Sunday," a TV show on Australia's Nine Network.
March 2008 is when Obama has said he would bring U.S. troops home from Iraq, according to legislation he introduced in the Senate. Obama, who represents Illinois in the U.S. Senate, declared his candidacy for the Democratic presidential nomination in a speech on Saturday in his home state....
...Obama, campaigning in Iowa, told reporters Sunday he's flattered that one of Bush's allies "started attacking me the day after I announced (his presidential run) -- I take that as a compliment." The Democratic presidential hopeful said if the Australian prime minister was "ginned up to fight the good fight in Iraq," he needs to send another 20,000 Australians to the war. "Otherwise, it's just a bunch of empty rhetoric," Obama said.
That one backfired badly on little racist Johnny.
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