Welcome back to class lil'Economists

This will be a very interesting year to study Economics. Though some are screaming for Government to solve the problem and revisit Keynesian economics, others say 'stand back' and let the system run through it's cycle. Schumpeter described this as a phase for innovation and that economic downturns were part of 'creative destruction'.

Today in the Australian:
Give capitalism some credit, by Christian Kerr - Jan 30 2009
KEVIN RUDD got the rhetoric right at the start.
"We are in the economic equivalent of a rolling national security crisis and the challenges are great," the Prime Minister declared when he announced the bank guarantee at a hastily convened press conference in Parliament House on October 12.
He used the phrase again two days later when he unveiled the $10.4billion national economic security strategy.
Compare Rudd with Britain's Gordon Brown. Heaven knows what Brown's intent was when he described the global financial crisis as "the birth pangs of a new global order".
If it was spin doctoring, it was the clumsiest seen since another British Labour figure, ministerial adviser Jo Moore, sent that email on the afternoon of September 11, 2001, advising: "It is now a very good day to get out anything we want to bury."
Brown's words reminded voters of individual pain; the pain of losing your job, your home, your business, your savings.
Rudd's first alerted them to the severity of the situation, then placed it in the context of wartime, when privation is patriotic.
More recently he gave an extraordinary week-long series of speeches delivered around the nation and ending on Australia Day. The wartime rhetoric was wrapped with the rhetoric of January 26.
Rudd portrayed Australia as a nation assailed by hostile forces from abroad, a nation that will be bruised, but will prevail because of our values and our history.
James Curran, the historian of prime ministerial rhetoric, said yesterday that Rudd's appeal toall things Australian looked "perfunctory".
Some of his other rhetoric has been plainly preposterous - talk of "unrestrained greed abroad", "exorbitant salaries" and "irresponsible risk".
The truth is that innovative financing over the past decade or so has resulted in thousands of companies that would never have got money obtaining funds, the creation of millions of jobs and rising living standards around the world.
Credit is the engine that drives growth. Overregulate it and things become like trying to drive a LandCruiser with a Corolla donk beneath the bonnet. Because they're both Toyotas, it doesn't mean they are the same.
Capitalism got us into this mess, but capitalism will get us out. Just as fortunes have been lost, fortunes will be made cleaning it up.
Why does this writer disagree with Rudd's statements?
Discuss the language of Rudd and Brown, and for what reason they are using such language.