Congratulations Australia you have elected high interest rates and union domination + Julia Gillard. Morons.
You're the brainwashed one. Yes historically Labor governments have presided over high interest rates, but this isn't a historically applicable economic situation.
If anything, since Rudd promised less than Howard did in his election spree, interest rates would be LOWER than the respective Coalition government would have had them (they will rise regardless).
The government doesn't set rates, the Reserve Bank does. Julia Gillard is good for Australia, finally a woman who can do a decent job unlike Amanda Vanstone who was a complete dud in her job.
I can't vouch for union domination, but in some industries its good to have unions representing employee rights - but at the expense of growth and flexibility, granted but sacrifices must be made for progress....