The ScoMo Government

[Knobby22]

The party has moved right, or at least more in line with the U.S. conservatives. It will take many years or a split imo sptrawler. It has happened before. That was when Menzies ended up starting the Liberal Party.

 

[sptrawler]

The party has moved right, or at least more in line with the U.S. conservatives. It will take many years or a split imo sptrawler. It has happened before. That was when Menzies ended up starting the Liberal Party.

Well everyone can enjoy years of Labor, which I am sure they will enjoy.
So all is good.

 

[Smurf1976]

Better for the Libs to tell it as it is, there is no way they have any chance of winning the next election.
They need to get back to basics

On this point I strongly agree.

Politicians of all persuasions need to get back to basics, the most basic thing of all being to actually govern.

 

[Smurf1976]

Well everyone can enjoy years of Labor, which I am sure they will enjoy.

My biggest concern is that Labor falls in a heap within a few years and at that point the Liberals are still in a mess. Then what do we do?

I think there's a fair chance that'll happen since a weak opposition begets a weak government and there seems no realistic chance of there being an effective opposition during Labor's first term beyond perhaps the odd random independent who might hold them to account.

 

[SirRumpole]

I think there's a fair chance that'll happen since a weak opposition begets a weak government

Maybe , maybe not.

The Coalition's main failing has been it's inability to get legislation through the Senate, which indicates that the Opposition in toto (not just Labor) are fairly strong.

If anything is going to be done I think the next government should be given a majority in both Houses and see what they do with it, as scary as that sounds. That has to be better than another term of vacillation, paralysis and non achievement.

 

[Knobby22]

Well everyone can enjoy years of Labor, which I am sure they will enjoy.
So all is good.

My hope is that Abbott loses his seat along with some others which allows the Libs to reinvigorate more quickly.

A bit of existential shock such has occurred in Victoria could mean a quick recovery.

 

[Humid]

Better for the Libs to tell it as it is, there is no way they have any chance of winning the next election.
They need to get back to basics, Turnbull, should never have been there in the first place.
It won't take long for equilibrium to be restored.IMO

So you live in Dalkeith and voted Labor then....

 

[sptrawler]

So you live in Dalkeith and voted Labor then....

Don't believe everything you read.
DK taking the pizz.

 

[PZ99]

Maybe , maybe not.

The Coalition's main failing has been it's inability to get legislation through the Senate, which indicates that the Opposition in toto (not just Labor) are fairly strong.

If anything is going to be done I think the next government should be given a majority in both Houses and see what they do with it, as scary as that sounds. That has to be better than another term of vacillation, paralysis and non achievement.

I prefer no Govt getting control of both houses myself. Ever.

Most of the time it's only the bad polices that get blocked in the senate.

 

[Humid]

Don't believe everything you read.
DK taking the pizz.

So was I

 

[sptrawler]

It will be interesting to see how the LNP, present their case for re election.
It will have to be pretty amazing, to turn public opinion.
Having said that, I do get a feeling that people are getting worried, about silly Billy's agenda.
It all sounded great 6 months ago, when house prices were higher and the share market was higher, now his plans sound somewhat scary.lol
It should be an interesting first half of the year in 2019.

 

[Smurf1976]

It all sounded great 6 months ago, when house prices were higher and the share market was higher, now his plans sound somewhat scary.lol

House prices have screwed everything in my view.

I was reading an article a couple of days ago that was basically lamenting the existence of penalty rates and saying that's why cafes and so on wont open on public holidays.

My thought was very simple. Even if those workers were getting penalty rates every time they turn up to work, with essential costs now so high the wages quoted still aren't really adequate. How the hell are they supposed to live on what they're actually being paid?

That we've come to a point where we should be paying cleaners and bus drivers over $100K just so they can afford to live in Sydney or Melbourne in order to work there says it all really. It's a ludicrous situation that makes the whole economy uncompetitive.

Things like that never end well for anyone who isn't genuinely at one extreme or the other. If you're not worth $100 million+ and you're not bankrupt then you're not a winner when it all pans out and the masses see their wealth eroded one way or another.

 

[sptrawler]

Yes it certainly wouldn't take much, to bring on a recession and when that ball starts rolling it gets ugly quickly.

 

[SirRumpole]

Housing has been turned from a place of your own to raise a family to just another way that wealthy people can get even wealthier.

It's going to make investors scream, but negative gearing should be phased out (gradually). It distorts the market and sucks up money in rent that people should be using to invest in their own home.

Yes, house prices will fall, but anyone sensible realises that they were in an artificial bubble that had to burst some time.

 

[Smurf1976]

Yes, house prices will fall, but anyone sensible realises that they were in an artificial bubble that had to burst some time.

There's no choice as I see it. The gap between wages and house prices is just too drastic and if we were to try closing it through wages growth then business would scream pretty loudly and they'd have a fair point given the scale of the problem.

 

[PZ99]

I would opine the housing market has already priced in the ALP's NG polices. If they fall much further obviously it'll hurt investors who put all their eggs in one basket and didn't diversify.
But for every loser there's a winner. IMV the economy is suffering from people blowing all their dough on housing rather than discretionary spending hence the low wages and other anomalies. Cheaper housing should partially address that.

P.S. I hear there might be cheap units at the Opal Tower but if you're planning to negatively gear empty apartments there you might be allocated to the leaning side of the tower to help counter balance the weight

 

[qldfrog]

Not sure i agree.NG is only worthwhile to be considered for an asset with increasing price, make no sense otherwise.
as soon as assets price decrease,NG use will vanish.
Assets price ..all assets in australia increased due to the debt expension and migration.these are the 2 points to target if you want cheaper houses.and our government can only control the second, as QE end is a world wide decision.
Usually, the lesser the government mess up with the economy, the better..oops this will trigger a wave of outcry..but beware of unexpected consequences when you start tinkering.
No NG except for new RE ,oh and yes xx,,,and ...
KISS principle or you ultimately pay the price
My opinion only.

 

[sptrawler]

I would opine the housing market has already priced in the ALP's NG polices.

If that was the case, the slide in prices would be slowing. It isn't the only factor in prices, but it is one of the only factors that hasn't been applied yet. IMO
Removing investors from the established home market, will IMO have a huge effect, I don't think anyone knows how it will unfold. It will be interesting to compare the outcomes, between country towns and major cities.

 

[Humid]

With the short terms government runs the Libs could reverse it.
Do you think they would?

 

[sptrawler]

With the short terms government runs the Libs could reverse it.
Do you think they would?

Someone has to reverse it, or at least slow it, especially over East. Otherwise the building industry will fall on its rear end. Then we will see some unemployment.
Just my opinion.