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Australian treasurer Wayne Swan on the Republicans.

Australian prime minister Julia Gillard and treasurer Wayne Swan.
Australian prime minister Julia Gillard and treasurer Wayne Swan. Photograph: Getty Images.

Let's be blunt and acknowledge the biggest threat to the world's biggest economy are the cranks and crazies that have taken over the Republican Party.

For his sake (and ours), let's hope Australian treasurer Wayne Swan doesn't have to deal with Mitt Romney and Paul Ryan.