Australian (ASX) Stock Market Forum

2010 Federal Election

Who do you support?

  • Labor

    Votes: 27 12.0%
  • Liberal

    Votes: 133 59.1%
  • Neither

    Votes: 39 17.3%
  • Haven't decided yet

    Votes: 26 11.6%

  • Total voters
    225
I've never been able to find any significant difference in policy between the big parties. The stuff they choose to argue about is all fire and noise. On fundamentals they are almost identical.
Bingo. Regardless of result, neither major party deserves to hold a clear majority in the senate until they offer some clear differentiation with each other.

Abbott's extension of the ALP schools policy smacks of Rudd's "me too" proposals in 07
 
One just cannot help think there may have been some conspiracy in the change of leadership in the Labor Party before the election.
Within a week after Rudd's political assassination, he (Rudd) flies to the USA to see UN General Secretary Moon and comes back with the news that Moon would like Rudd to be his Climate change adviser. Was this a deal stitched up at Copenhagen? One could not beleive an appointment of this calibre would happen over night.
Rudd always did have his eye on the UN Secretariat job and it would appear he may have had a leg up which was too good to refuse.
So to relieve himself of the Prime Minitership and the fact Labor had "LOST IT'S WAY", according Gillard, the opportunity arose for Gillard to dispose of Rudd to free him to take up his long desired ambitions to enter the UN.
Rudd's 'CROCODILE TEARS' MAY HAVE BEEN A GOOD ACT INDEED.
Conspiracy????????? We may never know!!!!!!!
I don't think so, noco. If Mr Rudd had stitched himself up a deal with the UN, and decided that was his preference over being Australian PM (or if he saw the writing on the wall given the polls), surely he'd have saved himself the ignominy of being dumped in such a humiliating fashion. He'd have just announced he was off to the UN.

Quite likely, imo, that he has been doing some keen negotiating in Washington and perhaps has just adjusted the timing if there is indeed a job available for him. I haven't read or heard anything about this position. Does anyone have a link?


I don't think so. At least I hope not. He is cleverly hiding his rage at his fall from head rooster to feather duster at the hands of a traitorous deputy.

But he is Australia's best chance of delivering us for the evils of Gillard's destruction of our economy with a union power takeover.

He will exact his revenge in due course and destroy Gillard. He may self-destruct in the process.
I agree. Remember how he said to the miners "we have a long memory".
How much longer and more virulent will that memory be when it involves his own personal downfall!
If he doesn't go to Washington, I reckon Julia Gillard will be asking for a world of trouble if she includes him in her Ministry.

Maybe Mr Rudd and Mr Turnbull can start off a "Political Dumpees" club.
 
This really is a Clayton's job. Can you imagine Rudd serving on a panel of equals.:rolleyes:. Where's the kudos in that?



A spokesman for Mr Rudd said in a statement that UN Secretary-General Ban Ki-Moon had telephoned Mr Rudd a couple of weeks ago and discussed his interest in a development-related role.

In the statement, Mr Rudd reaffirmed his intention to serve another full term as the federal member for his Brisbane seat of Griffith.

The UN job under consideration would not require him to move abroad or impede his ability to serve as a minister in a re-elected Labor government, the statement said.

"Among other matters, [Mr Ban] raised the possibility of Mr Rudd being appointed to a United Nations panel, which might look at a number of issues related to development," the spokesman said in a statement.

The job would not mean a move to New York, nor would it require Mr Rudd to quit politics, the spokesman said.

In New York last week, Mr Ban had explained a panel could comprise a significant number of former and current heads of government, foreign ministers and ministers from developing countries, he said.

http://www.smh.com.au/federal-election/rudd-confirms-talks-with-un-boss-20100722-10m3i.html
 
This really is a Clayton's job. Can you imagine Rudd serving on a panel of equals.:rolleyes:. Where's the kudos in that?





http://www.smh.com.au/federal-election/rudd-confirms-talks-with-un-boss-20100722-10m3i.html

Calliope and Julia, Kevin Rudd is a very ambitious man and his desire to enter the UN is well known and one can be assured the UN would not have had to twist his arm. He has been sniffing at the UN door for years.

I believe he would be more than happy to have started in any minor position as a lever into something of a more important role. He has had the Secretary Generals job in mind for a long time.

My prediction is if that opportunity arises, he will not see out his three years if Labor is re-elected
 
Oh, is there an election on? Not being a baby or a redneck from the Western Suburbs of Sydney I have been blissfully unaware of an outbreak of kissing and false promises.

gg
 
Calliope and Julia, Kevin Rudd is a very ambitious man and his desire to enter the UN is well known and one can be assured the UN would not have had to twist his arm. He has been sniffing at the UN door for years.

I believe he would be more than happy to have started in any minor position as a lever into something of a more important role. He has had the Secretary Generals job in mind for a long time.
Yes, noco, his ambitions have been obvious for some time.
What I was disagreeing with was your contention that there was some sort of conspiracy in which he was actively involved in his execution. That he would subject himself to such public humiliation, nationally and internationally, would be utterly out of character. And to be fair, no sane person would agree to go along with that if they had a choice.
 
Yes, noco, his ambitions have been obvious for some time.
What I was disagreeing with was your contention that there was some sort of conspiracy in which he was actively involved in his execution. That he would subject himself to such public humiliation, nationally and internationally, would be utterly out of character. And to be fair, no sane person would agree to go along with that if they had a choice.

Well Julia, Rudd is either insane or ruthless. After all, which ever way one looks at it, it is a means to the end result and that is the top job in the UN which is far more impotant to him than being PM of Australia.
 
Why would the UN give him a job on a committee - he might not turn up or he might send his dog as a proxy.

Why would the UN employ a person who is so incompetent his own party had to get rid of him.

You can also substitute "his current electorate" for "UN job"
 
But he is Australia's best chance of delivering us for the evils of Gillard's destruction of our economy with a union power takeover.

(Not really aimed at you, just some general points, more aimed at media coverage, but that roughly match the statement above).

1. The Labor party is the unions’ party. The unions started it. It’s right there in the name, even. This is not a secret – if anything, Labor isn’t doing ENOUGH for the unions – it’s their bloody party! If Bruce Willis started a party called the Bruce Willis party, and then the party was occasionally doing what Bruce Willis wanted, it would be a bit silly for people to suddenly say “Hang on! The Bruce Willis party is just a tool of Bruce Willis!!!” Well spotted, there.

So I don’t really understand all this handwringing in the media about union influence. They’re supposed to have influence. That’s the whole point of the party. It’s like revealing that the Greens with want stuff for the environment.

And yet we’ve got one union ending their affiliation, and the big bruiser CFMEU actually demonstrating against the current industrial relations laws (the Ark Tribe thing), where the government is not giving an inch. In other words, Labor isn’t actually doing a whole lot of what the unions want. Almost every change in legislation – precious little – from the previous government is little more than window dressing. Hardly anything has changed.

2. Destroy the economy HOW? I also don’t understand how everyone keeps harping on about the deficit. Did you guys not notice the GFC??? Did it pass you by? Or Howard’s commodities boom that might have helped his lot out just a little bit?

Look, the Libs were being asked, during the worst of the crisis, what they would be doing different. Would you be spending less? The answer was: “no. But (waving hands wildly in the air) we would spend the money better”. Well maybe they would have – though I’d give an exactly 50-50 chance of that, given that Australian politics is essentially a random policy generator – but there’s no denying that the deficit WOULD HAVE BEEN ALMOST EXACTLY THE SAME.

Revenues went down (not helped, by the way, by Howard’s policy of putting more of the tax burden on companies via bribery of the electorate- err, sorry, perfectly sensible tax cuts – which left us more vulnerable to a downturn in trade than we otherwise would have been), and at the same time the need to spend a dump truck of money in a hurry came along. NO-ONE in politics denied that we had to spend a dump-truck of money, the only area left for argument was where to spend it (something the opposition could, happily for them, be extremely vague about).

The next person to whine “but the deficit!” gets a smack upside the head.

If anything, we should be spending MORE. This silly idea that we need to get into surplus by X date is pure idiocy. This is just the sort of time when you SHOULD run up a (sensible) debt, especially given our reasonably low rate of it. Times like this are pretty much what debt is for. This is a perfect opportunity to get some real transport infrastructure spending done – it’ll keep us growing, getting us a stronger position in the world economy, and hell, we need that stuff anyway. We’re at a time when slow-burn stimulus is what we need (as opposed to emergency money-dumps which were generally agreed to be needed for earlier in the piece) – but we’re not going to, because everyone is suddenly an economic luddite, terrified of debt.

Humans. They make me all punchy.
 
(Not really aimed at you, just some general points, more aimed at media coverage, but that roughly match the statement above).

1. The Labor party is the unions’ party. The unions started it. It’s right there in the name, even. This is not a secret – if anything, Labor isn’t doing ENOUGH for the unions – it’s their bloody party! If Bruce Willis started a party...

I didn't read the rest of your long winded diatribe. The above was enough to see where you are coming from.

On the other hand the Liberal Party was founded on the principle of assisting small business. The unions see their role as hindering small business.

The unions now have an open slather. Especially as that wimp Abbott has walked away from his obligations to protect small business from the union predations. As we have seen, big business can look after itself.
 
(Not really aimed at you, just some general points, more aimed at media coverage, but that roughly match the statement above).

1. The Labor party is the unions’ party. The unions started it. It’s right there in the name, even. This is not a secret – if anything, Labor isn’t doing ENOUGH for the unions – it’s their bloody party! If Bruce Willis started a party called the Bruce Willis party, and then the party was occasionally doing what Bruce Willis wanted, it would be a bit silly for people to suddenly say “Hang on! The Bruce Willis party is just a tool of Bruce Willis!!!” Well spotted, there.

So I don’t really understand all this handwringing in the media about union influence. They’re supposed to have influence. That’s the whole point of the party. It’s like revealing that the Greens with want stuff for the environment.

And yet we’ve got one union ending their affiliation, and the big bruiser CFMEU actually demonstrating against the current industrial relations laws (the Ark Tribe thing), where the government is not giving an inch. In other words, Labor isn’t actually doing a whole lot of what the unions want. Almost every change in legislation – precious little – from the previous government is little more than window dressing. Hardly anything has changed.

2. Destroy the economy HOW? I also don’t understand how everyone keeps harping on about the deficit. Did you guys not notice the GFC??? Did it pass you by? Or Howard’s commodities boom that might have helped his lot out just a little bit?

Look, the Libs were being asked, during the worst of the crisis, what they would be doing different. Would you be spending less? The answer was: “no. But (waving hands wildly in the air) we would spend the money better”. Well maybe they would have – though I’d give an exactly 50-50 chance of that, given that Australian politics is essentially a random policy generator – but there’s no denying that the deficit WOULD HAVE BEEN ALMOST EXACTLY THE SAME.

Revenues went down (not helped, by the way, by Howard’s policy of putting more of the tax burden on companies via bribery of the electorate- err, sorry, perfectly sensible tax cuts – which left us more vulnerable to a downturn in trade than we otherwise would have been), and at the same time the need to spend a dump truck of money in a hurry came along. NO-ONE in politics denied that we had to spend a dump-truck of money, the only area left for argument was where to spend it (something the opposition could, happily for them, be extremely vague about).

The next person to whine “but the deficit!” gets a smack upside the head.

If anything, we should be spending MORE. This silly idea that we need to get into surplus by X date is pure idiocy. This is just the sort of time when you SHOULD run up a (sensible) debt, especially given our reasonably low rate of it. Times like this are pretty much what debt is for. This is a perfect opportunity to get some real transport infrastructure spending done – it’ll keep us growing, getting us a stronger position in the world economy, and hell, we need that stuff anyway. We’re at a time when slow-burn stimulus is what we need (as opposed to emergency money-dumps which were generally agreed to be needed for earlier in the piece) – but we’re not going to, because everyone is suddenly an economic luddite, terrified of debt.

Humans. They make me all punchy.

So ST try and understand the implications of your thesis. You are in business and things are looking happy as a clam so you go and spend spend spend and have an overdraft that is manageable. Then you start to notice that income is starting to dwindle and sales are down. You have to let a few staff go. Carry less stock. Overdraft is still there eating away with interest component and fees. You let a few more staff go. Then the Unions come in and tell you that you cannot sack those people and they must be reinstated. The overdraft is biting. Sales are down. Wages are through the roof due to ridiculous Union demands. The bank manager calls to tell you that you are behind in payments. You have a massive clearance sale to create cashflow and quit your stock for cost. This pays the wages and the over heads but not the overdraft. The bank manager calls again but this time he is not so polite. You can't afford to buy more stock and the bank wont budge on the overdraft. In fact they want to reduce the amount you owe them. You sell some assets to cover this base. You have a small fire sale of the remnanats of stock you had in the shop to cover wages. The bank forecloses. All staff now looking for another job. You are bankrupt. Great thesis this debt thingy aint it?

What part of this do you not understand? Do you want to have double digit inflation? If the Guvmint goes on a spendathon what do you believe will happen? OOOOOOOOPPPPPPSSSSSSS too late !! Interest rates are going up. Inflation is going up. Bankruptcies are going up. GOSH !

Please pick me to be the first for the "smack upside the head".

Imbeciles. They bother me.
 
Trainspotter, I'm not sure if the union metaphor is particularly relevant given Abott's "workchoices is dead" mantra throughout the campaign. If he was offering a clear choice on the issue I'd be much happier - agree or disagree with opposition policy, I'd like to see some clear differences so that the major parties are in fact offering a clear alternative choice, rather than just a mad scramble to claim/spin their similar policies are closer to the middle ground.
 
Ha ha. Tell us what you really think Traino.

I'm tremendously excited by this new Labor idea today - a Citizens Assembly, of 150 ordinary Australians, to examine the evidence and advise the putative Labor-Greens government on climate change action. To be chosen (as I heard it) randomly from the electoral roll. Sort of like a conscription ballot.

I'm going to be chosen I just know it.

Let's see, there'll be me, and the likes of (NSW QC) Julian Burnside, and actor Cate Blanchett, and lots of (hard Left activist group) GetUp reps. All of us chosen. Randomly.
 
I didn't read the rest of your long winded diatribe. The above was enough to see where you are coming from.

Well that’s certainly a well considered position, then. You must be worth talking to! I should point out that it’s not a diatribe, and probably agrees with most people here more than it disagrees. You should try reading things you’re answering. In fact, I’m pretty sure it’s a rule on the forum…

You didn’t see where I explain that they’re not really doing what the unions want, or where I talk about the Libs having largely the same policies. You read a line and assume I’m a rah-rah Labor voter, when in reality I have plenty of contempt for both of them. That seems to be pretty similar to you, judging by your second-last line.

I could have read your first line and assumed you’re an idiot, but I’ll give the benefit of the doubt in this case.


On the other hand the Liberal Party was founded on the principle of assisting small business. The unions see their role as hindering small business.

Just because they SAY that’s what they stand for, doesn’t make it so. Look at what they actually do.

As per other thread:
re: small business: it really does seem to me that Labor’s policies have been more friendly to small business than the Libs for a long time. How many small businesses loved the “simpler” GST? Or loved income tax cuts while business got squat? And now Lab wants company tax to go down, and Lib wants it up. The issue of Work Choices is nothing by comparison: noting that Casuals do not now, or have ever had, any recourse to unfair dismissal laws (it’s perfectly legal to just take them off the roster without explanation). So why most small businesses give a crap about industrial relations is beyond me.

So why exactly are small businesses the Libs’ core again? Neither party gives the slightest damn about consistency, and haven’t for decades. Again, it’s a constant surprise to me that people still believe in the brand-names. The Libs are no more the party of business than the Labs are the party of the workers

The unions now have an open slather. Especially as that wimp Abbott has walked away from his obligations to protect small business from the union predations. As we have seen, big business can look after itself.

Which is why one union is breaking their affiliation, and another is getting thousands of protestors coming out against the government. Yeah, that’s open slather all right.
 
So ST try and understand the implications of your thesis. You are in business and things are looking happy as a clam so you go and spend spend spend and have an overdraft that is manageable. Then you start to notice that income is starting to dwindle and sales are down. You have to let a few staff go. Carry less stock. Overdraft is still there eating away with interest component and fees. You let a few more staff go. Then the Unions come in and tell you that you cannot sack those people and they must be reinstated. The overdraft is biting. Sales are down. Wages are through the roof due to ridiculous Union demands. The bank manager calls to tell you that you are behind in payments. You have a massive clearance sale to create cashflow and quit your stock for cost. This pays the wages and the over heads but not the overdraft. The bank manager calls again but this time he is not so polite. You can't afford to buy more stock and the bank wont budge on the overdraft. In fact they want to reduce the amount you owe them. You sell some assets to cover this base. You have a small fire sale of the remnanats of stock you had in the shop to cover wages. The bank forecloses. All staff now looking for another job. You are bankrupt. Great thesis this debt thingy aint it?

What part of this do you not understand? Do you want to have double digit inflation? If the Guvmint goes on a spendathon what do you believe will happen? OOOOOOOOPPPPPPSSSSSSS too late !! Interest rates are going up. Inflation is going up. Bankruptcies are going up. GOSH !

Please pick me to be the first for the "smack upside the head".

Imbeciles. They bother me.

Train, you’ve missed the point.

Even if we ignore the fact that an individual business is not being relied on to improve the conditions of all the other businesses in the country, and so needs only to look after its own interests, while we’re relying on the government to stimulate the entire economy…

Even ignoring the fact that the Libs said, right through the GFC, that they’d be spending about the same amount and would therefore have about the same deficit right now (a point I made, but which you’ve apparently ignored)…

Even then, your analogy is bunk.

You’ve got a business hitting a hard patch, but instead of running at a loss / spending reserves and going into debt for a while to ride it out, it just decides to close shops under your management. Fewer stores -> fewer sale - > less money -> more store closures. If they survive the downturn, they come back into better times a fraction of their original size.

Good thinkin'.

OBVIOUSLY spending cuts in some areas are part of smart financial management, but to suggest that Australia’s low level of debt is anywhere near threatening double-digit inflation or a “fire sale” then you are completely deluded. Cutting spending to deal with recession or depression is probably the single most pilloried idea in economic history.

But that’s your plan, is it?

Nice.

PS: you’re calling people imbeciles now, in a post proving you either didn’t read or didn’t understand the argument you’re responding to? Keep it classy, Train. Keep it classy.
 
Ha ha. Tell us what you really think Traino.

I'm tremendously excited by this new Labor idea today - a Citizens Assembly, of 150 ordinary Australians, to examine the evidence and advise the putative Labor-Greens government on climate change action. To be chosen (as I heard it) randomly from the electoral roll. Sort of like a conscription ballot.

I'm going to be chosen I just know it.

Let's see, there'll be me, and the likes of (NSW QC) Julian Burnside, and actor Cate Blanchett, and lots of (hard Left activist group) GetUp reps. All of us chosen. Randomly.
:D:D:D
Reminds me of Kev's talkfest soon after he was elected where everyone was so agog with excitement that they were 'being heard'. I can't now even remember the name of the event.

When you're there, Logique, - randomly, of course - won't you be so in awe of the aforementioned barrister and actor, plus no doubt more of the same ilk, that you will be rendered mute?
 
:D:D:D
Reminds me of Kev's talkfest soon after he was elected where everyone was so agog with excitement that they were 'being heard'. I can't now even remember the name of the event.

When you're there, Logique, - randomly, of course - won't you be so in awe of the aforementioned barrister and actor, plus no doubt more of the same ilk, that you will be rendered mute?

It doesn't matter how Gillard stacks the "Citizens Assembly", Bob Brown will only accept one solution and he will soon have the muscle to get it ,assisted by Labor preferences. Brown wants a carbon tax that will cripple the hated coal industry, and he will settle for nothing less.
 
Train, you’ve missed the point.

Even if we ignore the fact that an individual business is not being relied on to improve the conditions of all the other businesses in the country, and so needs only to look after its own interests, while we’re relying on the government to stimulate the entire economy…

Even ignoring the fact that the Libs said, right through the GFC, that they’d be spending about the same amount and would therefore have about the same deficit right now (a point I made, but which you’ve apparently ignored)…

Even then, your analogy is bunk.

You’ve got a business hitting a hard patch, but instead of running at a loss / spending reserves and going into debt for a while to ride it out, it just decides to close shops under your management. Fewer stores -> fewer sale - > less money -> more store closures. If they survive the downturn, they come back into better times a fraction of their original size.

Good thinkin'.

OBVIOUSLY spending cuts in some areas are part of smart financial management, but to suggest that Australia’s low level of debt is anywhere near threatening double-digit inflation or a “fire sale” then you are completely deluded. Cutting spending to deal with recession or depression is probably the single most pilloried idea in economic history.

But that’s your plan, is it?

Nice.

PS: you’re calling people imbeciles now, in a post proving you either didn’t read or didn’t understand the argument you’re responding to? Keep it classy, Train. Keep it classy.


Smelly .. then I have missed the point.

I bow down to your superior knowledge in such matters of politics and business acumen. It is clear that your intellect knows no bounds.

I am in awe of the sagacity of your sublime response and can only hope that one day I will be able to climb to the giddy heights of your understanding on this subject matter.

P.S. May I remind you of one of my favourite phrases "People who live in glass houses should not throw stones"
 
Smelly .. then I have missed the point.

I bow down to your superior knowledge in such matters of politics and business acumen. It is clear that your intellect knows no bounds.

I am in awe of the sagacity of your sublime response and can only hope that one day I will be able to climb to the giddy heights of your understanding on this subject matter.

P.S. May I remind you of one of my favourite phrases "People who live in glass houses should not throw stones"

Trainspotter, according to Smelly I am an idiot and you are deluded. Smelly Terror got his name at school by bullying deluded idiots like you and me. He liked the title so much that he kept it.
 
It doesn't matter how Gillard stacks the "Citizens Assembly", Bob Brown will only accept one solution and he will soon have the muscle to get it ,assisted by Labor preferences. Brown wants a carbon tax that will cripple the hated coal industry, and he will settle for nothing less.

That will certainly be his plan. I actually fear a Greens dominated Senate even more than another term of Labor in the House of Reps.
 
Top