I couldn't care less what you think is gambling and not gambling. You trade at what you feel is acceptable leverage for you and others will choose what's best for them.
Australia didn't have a choice, as they were never in a recession to begin with. In addition, Australia is an natural resource exporter and a week US dollar helps them.
I've made it priority to put off all major spending until after the 2010 elections, I would recommend everyone else do the same. Don't give them the benefit for your productivity and consumption.
Tax cuts and deregulation are the path to growth and prosperity. Anything else is simply foolish and naive. Fail economics are rooted in Keynesian economic policy.