Mr SWAN (Lilley—Deputy Prime Minister and Treasurer) (14:14): I am certainly pleased to answer that question. Those opposite like to pretend that the global financial crisis never happened—it never happened. As a consequence of that—because it did not happen in their world; their alternative universe—they would have cut $160 billion from the budget. Mr Hockey: Speaker, I rise on a point of order on relevance. It was a simple question with a yes or no answer. It is a factual question. Deal with the facts. The SPEAKER: The standing order says 'directly relevant', but when there is so much in most of the questions you do provide latitude for many things to be directly relevant to the question. The Treasurer will return to the question. Mr SWAN: I certainly will. The performance of the Australian economy over the past five years in generating employment of 850,000 jobs has simply been a superb performance, and it is one that all Australians are very proud of. When you look at what has occurred right around the world, there is double-digit unemployment across most developed economies. There is very significant unemployment still across the United States. We have performed very well, unlike other developed economies, because this government has had the guts to support our economy and to put jobs and growth first, unlike those opposite.