the Republican National Convention when he said "Congress will push and push...and I'll say Read my lips: no new taxes". After a recession began during his term and the deficit widened, Bush agreed to proposals to increase taxes. Although not the only broken promise concerning taxes, it was by far the most famous. In 1994, upon entering Italian politics, media tycoon Silvio Berlusconi promised that he would sell his assets in Fininvest (later Mediaset), because of the conflict of interest it would have generated, a promise he repeated a number of times in later years, but after 12 years and having served three terms as prime minister, he still retains ownership of his company that controls virtually all the Italian private TV stations and a large number of magazines and publishing houses, which have extensively been used in favour of his political party Australian Prime Minister John Howard in 1995 that the GST would "never ever" be part of Liberal policy (the tax package was not implemented that term but was put to the Australian people at the next election in 1998 that re-elected Howard) During the 2000 U.S. Presidential election campaign, George W. Bush said, "If we don't stop extending our troops all around the world in nation-building missions, then we're going to have a serious problem coming down the road. And I'm going to prevent that." In Ireland, Fianna Fáil's 2002 election promise to "permanently end all hospital waiting lists" by 2004 and to "create a world class health service" through reform and expanding healthcare coverage with "200,000 extra medical cards". When asked about the issue of carbon taxation, Prime Minister Julia Gillard responded by saying "There will be no carbon tax under the government I lead. What we will do is we will tackle the challenge of climate change." In February 2011, Gillard then announced a carbon pricing mechanism in order to secure a minority government. This has been construed by some as being a broken promise, with debate centering on whether or not a fixed price leading into a trading scheme can be called a 'tax'. Before the 2011 Irish general election, the then Labour Party leader Eamon Gilmore infamously said "Frankfurt's Way or Labour's Way" in reference to the EU/IMF deal. After being elected to power the party went on to accept the deal. Former U.S. President Barack Obama vowed repeatedly during the 2008 election