Australian (ASX) Stock Market Forum

Tony Abbott for PM

+1.People are so desperate to get rid of Labour they don't think to critique the alternative.Al
I don't think that's right on the whole. Most people are very aware of the limitations of the Opposition. The present shadow front bench doesn't offer anything like the quality of John Howard's line-up.

What would you suggest the electorate does, given the majority are completely unwilling to give Labor another chance?
 
I really struggle to see the difference between the two. They're both big spenders trying to give money out to shore up support. I've seen plenty of "we'll balance the budget" but I haven't seen much in the way of just how that will be done. My pig in a poke picture sums it up nicely, no one is looking inside to make sure they're getting what's written on the box.

At least the new governement will have a proper mandate. I think that part of the current government's problem is that they have literally been on a knife edge for the whole term and have had to curry favour with the likes of the Greens, Wilkie and the other independents to stay in power which hasn't made it very easy for them or made for good government. Rather than letting the light shine in á la Oakshot's lofty aspirations it has made them more devious and untrustworthy in order to prevent the loss of seats (Slipper, Thomson etc.). The current situation is untenable IMO and a new election should have been called long ago.
 
Tis a sad corpse of Australian politics when we hate the PM and the alaternative is scorned just as much.

Still don't know how you can argue in one breath you will bring taxes down to encourage business to invest, but then you have a paid parental leave policy that increases taxes on large business :confused:

Then you argue that the mining tax was going to kill off the industry, then cane the Govt because it's not raising any revenue, all the while not accepting that your partisanship actually forced the Govt to bend over for the mining company bullies. Just have to look at Rio and their wonderful Mozambique coal assets to see what's on offer outside of Australia.

My brain hurts from the cognitive dissonance.
 
I'm sure if I never saw Gillard on TV again I'd like her more.
If I never ever again had to hear her say "mannafactoring" in place of 'manufacturing', I'd like her more.

Then you argue that the mining tax was going to kill off the industry, then cane the Govt because it's not raising any revenue, all the while not accepting that your partisanship actually forced the Govt to bend over for the mining company bullies.
No one forced the government to do anything. The mess is entirely of their own making. If they were stupid enough to conduct the negotiations with no Treasury representatives present, then - apparently for the sake of being able to announce that their superior negotiation skills had produced a great agreement - succumb to all the miners' demands, more fool them. As is now patently obvious.

From noco's link in another thread, Henry Ergas provides a summary of the above tax.
http://www.theaustralian.com.au/opi...k-hole-in-budget/story-fn7078da-1226579834717
 
Tis a sad corpse of Australian politics when we hate the PM and the alaternative is scorned just as much.

Still don't know how you can argue in one breath you will bring taxes down to encourage business to invest, but then you have a paid parental leave policy that increases taxes on large business :confused:

Then you argue that the mining tax was going to kill off the industry, then cane the Govt because it's not raising any revenue, all the while not accepting that your partisanship actually forced the Govt to bend over for the mining company bullies. Just have to look at Rio and their wonderful Mozambique coal assets to see what's on offer outside of Australia.

My brain hurts from the cognitive dissonance.

What you say is to a degree correct, however you can't keep forgiving and forgetting.
It may not be an improvement, but there has to be accountability.
It becomes more obvious, that labor have moral issues
 
I don't think that's right on the whole. Most people are very aware of the limitations of the Opposition. The present shadow front bench doesn't offer anything like the quality of John Howard's line-up.

What would you suggest the electorate does, given the majority are completely unwilling to give Labor another chance?

I would'nt have the hide to tell the the electorate what to do Julia,perhaps what I am suggesting is that people start asking Abbott et al some hard questions rather than signing a blank cheque.Al
 
Abbott stops giving interviews and his poll numbers rise...........

+1 Abbott can rarely open his mouth without putting his foot in it. The real crisis for Labor is that in spite of what a poor example of a leader Abbott may be, all he has to do is shut up and the libs will win the next election in a landslide. Abbott and co were following the tea party play book to the letter, to their detriment, but have since changed tack and are now surging in the polls while essentially presenting a barren policy platform. What a sad state the political scene is in here where such a far right leader can be so popular. Abbott will almost certainly be an embarrassment as PM but that matters little to the electorate at the moment, punish Labor is the theme at present.
 
+1 Abbott can rarely open his mouth without putting his foot in it. The real crisis for Labor is that in spite of what a poor example of a leader Abbott may be, all he has to do is shut up and the libs will win the next election in a landslide. Abbott and co were following the tea party play book to the letter, to their detriment, but have since changed tack and are now surging in the polls while essentially presenting a barren policy platform. What a sad state the political scene is in here where such a far right leader can be so popular. Abbott will almost certainly be an embarrassment as PM but that matters little to the electorate at the moment, punish Labor is the theme at present.

It's still SEVEN months until the election - much too early for the coalition to let out all their policies as labor has been known to copy cat them in the past. Be patient FxTrader...:D

And what amuses me is that labor supporters sometimes say that there is no difference between the two major parties, and now you are saying they are to the far right?

Make up your minds...lol

There is a difference in the way they manage things - especially budgets, borders and other unwanted legislation such as carbon tax. The coalition is not ruled by money grabbing unions either.
 
No one forced the government to do anything. The mess is entirely of their own making. If they were stupid enough to conduct the negotiations with no Treasury representatives present, then - apparently for the sake of being able to announce that their superior negotiation skills had produced a great agreement - succumb to all the miners' demands, more fool them. As is now patently obvious.

Totally agree that Rudd stuffed up the design and implementation of the first resource tax, but it was Abbott's scaremongering that pushed Labor into doing such a bad deal. Abbott put political opportunity before what is best for Australia. I'd have far more respect for the guy IF he had come out with a better design of a resource rent tax.

I'll also say the tax IS raising reasonable amounts of revenue, just that the states have raised their royalty rates so much the fed Govt isn't left with much. So Abbott has allowed the mining industry to be hit with increased volume based taxes rather than a far more efficient tax based on high levels of profitability.

What you say is to a degree correct, however you can't keep forgiving and forgetting.
It may not be an improvement, but there has to be accountability.
It becomes more obvious, that labor have moral issues

All I'm asking for is that the same kind of criteria used to critique labor is applied to the LNP.

So far it seems the LNP are allowed to get away with practically anything. There is little analysis of their policies (the few that have been released), and this belief / hope / wish / faith that they will be better just makes me shake my head with incredulity. Have people forgotten how bad the Howard Govt was in it's final 2 terms of office? Have they forgotten that Howard was fighting the RBA by running easy fiscal policy against the RBA tightening monetary policy?

We have a LNP who say they are superior economic managers, yet say they can't provide a full costing for the NoBN because they don't know how much the current contracts will cost. It took a journalist on ZDnet to show that current signed contracts will cost around $1B from September 2013.

So I ask you, if an IT journalist is able to get publicly available information and provide a costing of Govt contracts, but the shadow communications minister is unable to do the same, how does that bode for us if the LNP get their butts back onto the treasury benches :confused:
 
Unions are about to embark on the biggest BS campaign their members can afford. They are going to mobilize them into ground troops to go door to door ala Obama style. Construction workers prepared to get stood over 80's style.
 
..Evidence?

LOL, evidence is only important to Liberals when it suits them to ask for it. Climate change is a myth (not enough evidence apparently!!), their religious beliefs are a myth and their belief in the benevolence of big business is a myth. If you need evidence for the lurch to the right by the Libs you have not been paying attention to their statements. I am not a Labor supporter per se and have no loyalty to their party whatsoever. Their financial management has been woeful in government (as usual) but at least they have some vision for the future, agree with it or not. Abbott's the preferred PM now!!? Really? What a joke.
 
Unions are about to embark on the biggest BS campaign their members can afford. They are going to mobilize them into ground troops to go door to door ala Obama style. Construction workers prepared to get stood over 80's style.

Yet you have CEOs saying the economy can't afford basic increases in the minnimum wage, yet CEO pay has risen about 200% over the last decade.

So when a small elite of society is able to increase there pay way faster than their productivity - measured as the increase in shareholder wealth they have generated - then AFAIC it's rank hypocrisy.

I feal the LNP are moving toward the tea party view that if you don't run a business then you add little to no economic value and can be ignored.
 
Yet you have CEOs saying the economy can't afford basic increases in the minnimum wage, yet CEO pay has risen about 200% over the last decade.

So when a small elite of society is able to increase there pay way faster than their productivity - measured as the increase in shareholder wealth they have generated - then AFAIC it's rank hypocrisy.

I feal the LNP are moving toward the tea party view that if you don't run a business then you add little to no economic value and can be ignored.

Don't make me laugh, unions and labor have set up with big builders so they can flush out self employed contractors and smaller sized business. Labor is all about big unionized big business and crushing small business and self employed.
Libs small business outline is a step in the right direction, where as how many do nothing small business ministers have labor been through so far (6 in 5 years). Small business is the driver and labor stepped all over it.
 
I feal the LNP are moving toward the tea party view that if you don't run a business then you add little to no economic value and can be ignored.

Great minds think alike.:rolleyes:

WAYNE Swan will today accuse Tony Abbott of fostering an Australian version of America's Tea Party movement, claiming the Coalition has imported the "very worst aggressive negativity" and economic ignorance from the extreme right of the Republican Party.

http://www.theaustralian.com.au/nat...aussie-tea-party/story-fn59niix-1226580668263
 
Top