The ScoMo Government

[sptrawler]

This is the problem the Rudd GFC era versus todayView attachment 124066

But at the same time there was plenty of coverage for Wayne Swann, the World's greatest treasurer, so Labor had good and bad press which is normal.
ATM there is no press, that's the problem, I'm not sure the small target strategy is best in the current climate, most people are home in Aust so a lot of media is being watched or read.
Normally people are too busy working, travelling etc, then the small target works. Currently?
My guess is a snap election in Oct, the Government will use the growing economy the lack of covid and a requirement for certainty to keep the ball rolling.
Don't forget a lot of people have saved a lot of money and their super will be booming, so they will feel they are the best off they have been for ages.
Now even the most pessimistic reporters, are talking about the V shaped recovery.

 

[Humid]

But at the same time there was plenty of coverage for Wayne Swann, the World's greatest treasurer, so Labor had good and bad press which is normal.
ATM there is no press, that's the problem, I'm not sure the small target strategy is best in the current climate, most people are home in Aust so a lot of media is being watched or read.
Normally people are too busy working, travelling etc, then the small target works. Currently?
My guess is a snap election in Oct, the Government will use the growing economy the lack of covid and a requirement for certainty to keep the ball rolling.
Don't forget a lot of people have saved a lot of money and their super will be booming, so they will feel they are the best off they have been for ages.
Now even the most pessimistic reporters, are talking about the V shaped recovery.

And the figures??

 

[sptrawler]

And the figures??

Well the ASX hit a record high yesterday, so that will show up in the end of year superannuation statements people receive.
Personal savings has gone up $130billion since the pandemic started.
House prices have jumped, due to State and Federal incentives.
Unemployment is less than pre covid numbers.

What figures do you want?

 

[Humid]

Well the ASX hit a record high yesterday, so that will show up in the end of year superannuation statements people receive.
Personal savings has gone up $130billion since the pandemic started.
House prices have jumped, due to State and Federal incentives.
Unemployment is less than pre covid numbers.

What figures do you want?

So what ya saying is youre too old to let debt bother you considering its what these clowns campaigned on forever
back in black my ass

 

[sptrawler]

So what ya saying is youre too old to let debt bother you considering its what these clowns campaigned on forever
back in black my ass

Well I suppose that is one campaign strategy.

 

[PZ99]

I think the biggest problem for the Govt will be China. So can't see an early election happening.

If they don't fix it quick people might conclude (correctly or not) a change of Govt is the only way out.

 

[sptrawler]

I think the biggest problem for the Govt will be China. So can't see an early election happening.

If they don't fix it quick people might conclude (correctly or not) a change of Govt is the only way out.

Good point PZ99

 

[Humid]

I think the biggest problem for the Govt will be China. So can't see an early election happening.

If they don't fix it quick people might conclude (correctly or not) a change of Govt is the only way out.

The trouble is media not picking things up.....remember the vaccines war footing

 

[IFocus]

Did some one say Murdoch? Alan Kohler really puts the boot in.

Alan Kohler: Scott Morrison, the Murdochs and the crime of the century​

"It’s not entirely Scott Morrison’s fault that he managed to look like a dissembling idiot at President Joe Biden’s leader’s summit on climate change last week.

He probably hasn’t read a word of the science about global warming and the grim future that awaits his children and grandchildren."

Alan Kohler: Scott Morrison, the Murdochs and the crime of the century

For Scott Morrison, last week’s Zoom summit was a chance to try out some new fudge. But it didn’t go well and he wound up looking like an inept spinner.

thenewdaily.com.au

 

[SirRumpole]

All very well spending when money is cheap but there is no plan for paying it all back at some point in time , apart from relying on the iron ore price.

Companies that were propped up with Jobseeker/keeper need to give some back, and it's about time we had an export tax on resources.

Otherwise, can anyone say where the money is coming from to repay the debt, or is national debt just a figure without any meaningful consequence if it's not repaid ?

 

[Smurf1976]

Otherwise, can anyone say where the money is coming from to repay the debt, or is national debt just a figure without any meaningful consequence if it's not repaid ?

I see it as more evidence that governments are preparing for a major inflationary event.

Either that or there's going to be a hell of a problem for the other side of politics sometime down the track when they're elected to fix it.

 

[PZ99]

All very well spending when money is cheap but there is no plan for paying it all back at some point in time , apart from relying on the iron ore price.

Companies that were propped up with Jobseeker/keeper need to give some back, and it's about time we had an export tax on resources.

Otherwise, can anyone say where the money is coming from to repay the debt, or is national debt just a figure without any meaningful consequence if it's not repaid ?

Easy... give you a vaccine that kills you and then nick your super

 

[Humid]

All very well spending when money is cheap but there is no plan for paying it all back at some point in time , apart from relying on the iron ore price.

Companies that were propped up with Jobseeker/keeper need to give some back, and it's about time we had an export tax on resources.

Otherwise, can anyone say where the money is coming from to repay the debt, or is national debt just a figure without any meaningful consequence if it's not repaid ?

***k the country this is about staying in power

 

[sptrawler]

All very well spending when money is cheap but there is no plan for paying it all back at some point in time , apart from relying on the iron ore price.

Companies that were propped up with Jobseeker/keeper need to give some back, and it's about time we had an export tax on resources.

Otherwise, can anyone say where the money is coming from to repay the debt, or is national debt just a figure without any meaningful consequence if it's not repaid ?

What is interesting is the 180 degree change in position by both parties, after the GFC Labor were adamant that the splash of cash was needed and the Coalition were saying it was irresponsible.
Now we have the complete reversal, just shows how little there is between them these days, as Humid says it is all about staying in the driver's seat.
Same as the budget, it is a social budget, very much like a budget Labor would put out, politics has gone very weird.
The line between left and right is becoming very close IMO, so a lot comes down to who can BS the best and resonate with the electorate.

 

[rederob]

What is interesting is the 180 degree change in position by both parties, after the GFC Labor were adamant that the splash of cash was needed and the Coalition were saying it was irresponsible.
Now we have the complete reversal, just shows how little there is between them these days, as Humid says it is all about staying in the driver's seat.
Same as the budget, it is a social budget, very much like a budget Labor would put out, politics has gone very weird.
The line between left and right is becoming very close IMO, so a lot comes down to who can BS the best and resonate with the electorate.

Labor kept Australia out of recession during the GFC.
Morrison missed the boat last year on big spending to create jobs WHEN it was needed. We no longer need big spending, and job creation will occur without stimulus so long as covid lockdowns don't wreck us.
What we now clearly have is a government heavily invested in the lie they perpetuated about being "responsible money managers".

 

[sptrawler]

Labor kept Australia out of recession during the GFC.
Morrison missed the boat last year on big spending to create jobs WHEN it was needed. We no longer need big spending, and job creation will occur without stimulus so long as covid lockdowns don't wreck us.
What we now clearly have is a government heavily invested in the lie they perpetuated about being "responsible money managers".

I guess we will have to wait until the election, to see how most Australians read it.

 

[rederob]

I guess we will have to wait until the election, to see how most Australians read it.

That's very different to the point you made!

 

[IFocus]

What is interesting is the 180 degree change in position by both parties, after the GFC Labor were adamant that the splash of cash was needed and the Coalition were saying it was irresponsible.
Now we have the complete reversal, just shows how little there is between them these days, as Humid says it is all about staying in the driver's seat.
Same as the budget, it is a social budget, very much like a budget Labor would put out, politics has gone very weird.
The line between left and right is becoming very close IMO, so a lot comes down to who can BS the best and resonate with the electorate.

Strikes me as desperation and buying an election.

Certainly much of the budget is Labor policy but much is catch-up from previous LNP failures.

LNP are still anti middleclass lower income pro corporations simple test penalty rates and tax breaks for the wealthy.

With no mining tax on the horizon (like oil and gas) the debt will require plenty of luck to be repaid.

 

[sptrawler]

That's very different to the point you made!

Why is that, I said there is very little to differentiate between them, so the way the public view the budget should have little effect on the election. Personalities will probably decide the outcome, yet again IMO.

 

[sptrawler]

Strikes me as desperation and buying an election.

Certainly much of the budget is Labor policy but much is catch-up from previous LNP failures.

LNP are still anti middleclass lower income pro corporations simple test penalty rates and tax breaks for the wealthy.

With no mining tax on the horizon (like oil and gas) the debt will require plenty of luck to be repaid.

I would agree with you, but in recent years Labor have alienated the middle class and lower income voters ( increase pension age, remove franking credits to low income earners, decrying middle class welfare e.g childcare etc), so they somehow have to gain their trust back.
Both parties are struggling with the middle class voter, as they are the major tax base who pays for it all.