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Australians are depressed and anxious because of this Labor Government.
Australia will not move forward until their anxiety and depression are relieved by a new Government.
People cannot get enthused about the future because they see what a terrible state Australia is in and more importantly that they are powerless to do anything about it.
The consequences of this mental depression is - unemployment will increase, the stock market will go down (or at best sideways), the economy (not assisted by the useless carbon tax) will deteriorate, Labor will become even more unbelievable and incredulous, our borders will be even more exposed and endangered, more and more people will rely solely on government support, Government debt will go through the roof (irrespective of its relation to other countries), there will be more violence and suicides and finally there will be an awfully big mess made by the current government which will take years and years for the following governments to clean up.
I have spoken to many people about their future, both young and old, and they are not confident at all. The theme that keeps coming through is their feeling of wanting this current government to go but feeling helpless to make this happen.
So my plea is to Julia and Labor - for the sake of Australia please, please, please, please, please resign and let Australia start rebuilding our once great country.
You're placing far to much weight on a governments ability to guide/direct/support economies. It simply isn't the case. The difference between the two parties is a few policies and a different ring master. One will not drive us into the ground substantially more than the other, as none of them really have a clue.
How do you then explain the $20 bill (approx) money in the bank left by Costello which is now a $150-$200 billion debt (to the best of my knowledge)? And with a debt ceiling of around $350 billion? Some very big differences there.
And how do you explain the invasion of boat people and a government which seems to have no idea on how to handle the problem of sorting out genuine refugees from free loaders? The coalition had all this under control before labor took over in 2007.
And how do you explain the carbon tax? Howard had the decency to take his backflip to the people. Gillard did not. Big differences there.
One similarity I can see is the Howard brought in work choices against the will of the people just as Gillard has brought in her carbon tax. There is a good chance that Gillard will get the same treatment voters gave Howard.
So my plea is to Julia and Labor - for the sake of Australia please, please, please, please, please resign and let Australia start rebuilding our once great country.
How do you then explain the $20 bill (approx) money in the bank left by Costello which is now a $150-$200 billion debt (to the best of my knowledge)? And with a debt ceiling of around $350 billion? Some very big differences there.
Who cares about the Carbon Tax?? l'm more worried about the $236 BILLION DOLLAR debt the current Government has racked up
That's not much for A COUNTRY you know. Apple alone is worth twice that.
Edit: GDP 1.4 Trillion, Tax base ~20% of GDP.
Most people, probably including yourself, have a debt ratio many times higher. And you don't print your own money.
In the midst of a unprecedented mining boom this country has ever seen and inheriting a $50 Billion surplus, i think that the point is lost on most members here. They have zero financial knowledge and money is leaking like a water through a colander...But hey, what would l know...
Fun fact - the government has to issue bonds regardless of whether or not they are running a deficit. Howard-Costello era I believe this was in the order of $50 billion - and it will need to rise to about $100 Billion in coming years. Basically the financial markets need the ability to trade in Government bonds. Also, the current 10 year bond yield is 2.94% so while, obviously, it would be better if governments did not have interest bills, that level of borrowing is hardly worrying for a country with a trillion dollar economy.
But hey, what would l know...
Not enough to know the difference between Net debt and Gross debt.
... unprecedented mining boom...
On the coat tails of a 150billion hit thanks to the GFC. It's remarkable that you think the economy operates in a vacuum outside of mining industry.
If you knew anything about world economics, this wouldn't worry you in the slightest.
Exactly what Greece, Italy, Spain and US thought no doubt.Something very, very similar was raised on a reddit forum regarding the carbon tax.
Copy and paste from reddit
User spz456 types this into a forum regarding the carbon tax;
Reply as follows...
User spz456 replies with the following;
Cops this...
1
2
3
4
....My original post stands.
Australians are depressed and anxious because of this Labor Government.
So my plea is to Julia and Labor - for the sake of Australia please, please, please, please, please resign and let Australia start rebuilding our once great country.
The heading is wrong on this thread, should be:
"The World is mentally depressed"
There's a professor of politics telling it like it is. I agree with Manne when he says that Rudd made a tactical error in contesting the leadership at the last outing. But no matter, his odds firm by the day.Gillard will not resign. She will get a tap on the shoulder.
http://www.theage.com.au/opinion/po...us-reinstate-rudd-rapidly-20120720-22fni.html
joea
http://www.theage.com.au/opinion/po...us-reinstate-rudd-rapidly-20120720-22fni.html
At this point Rudd made a tactical error. He could have denied that he was challenging Gillard and forced her to sack him as foreign minister, thus entrenching his popularity with the people as a two-time martyr. Instead, he chose to contest the leadership.
She'll need more than a tap.Gillard will not resign. She will get a tap on the shoulder.
http://www.theage.com.au/opinion/po...us-reinstate-rudd-rapidly-20120720-22fni.html
joea
She'll need more than a tap.
That's why the sound of sharpening knives is getting louder and louder from the house of Labor.
And you, with your lack of experience, are vastly underestimating the effect of business and electorate confidence on the economic health of the country.You're placing far to much weight on a governments ability to guide/direct/support economies. It simply isn't the case. The difference between the two parties is a few policies and a different ring master. One will not drive us into the ground substantially more than the other, as none of them really have a clue.
OK, you can't help that. But, with respect, perhaps consider educating yourself or at least accepting the views of others who HAVE been around through many electoral and economic cycles, before pronouncing on a situation about which you have minimal understanding.Different point in the economic cycle. And I haven't really been around long enough, or interested for long enough to know what certain parties/treasurers have achieved.
Entirely agree about this. One of the biggest problems with the Labor government is they are mostly people who have come up through union or organisational ranks and have never had the responsibility of running any sort of business.The country needs to be run by people who know how to operate business, and handle money.
Given your admission that you have up to the point of the present government had no interest in or understanding of previous governments, you are hardly in a position to make such an assurance.If you honestly believe that we would be in a far better situation if a different party had been in for the past term, I think you are way off the mark.
No it is not. The fundamental difference is that John Howard had as part of his election platform the introduction of the GST. It was clearly spelled out during the entire election campaign. He won the election, giving him the genuine authority to introduce the tax.I assume your talking about the intoduction of GST? I was quite young and can't even really remember how it all happened, but at the end of the day a tax is a tax.
Exactly. As usual.If your heart is a bit iffy at the age of 100 then all things considered you haven't done too badly. It's a very different story however if you're having issues at the age of 25.
If the car is hard to start and has a few rattles after 350,000 km then you'd expect that. But if it was doing that after 10,000 km then you'd be straight back to the dealer demanding it be fixed.
Now, Australia has just experienced a massive commodity boom in terms of both price and volume. We have also had good rains on the farms and an incredibly long period of general economic growth. To have increasing debts amidst this backdrop is akin to the new car that won't start or the 25 year old with heart problems.
It's not a good sign to be having troubles, with anything, at a point where underlying conditions are the best they have been for decades and will most likely deteriorate going forward. We ought to have cash in the bank right now, not a growing pile of debt.
What happens if coal and iron ore prices fall in a heap and there's a drought? That's a credible scenario and we would seem to be pretty much stuffed if it happens.
OK, you can't help that. But, with respect, perhaps consider educating yourself or at least accepting the views of others who HAVE been around through many electoral and economic cycles, before pronouncing on a situation about which you have minimal understanding.
It's 99% for sure that if the Libs had remained in power we would still have had a surplus instead of a deficit.
Further, our border controls would not be shot to all hell.
No it is not. The fundamental difference is that John Howard had as part of his election platform the introduction of the GST. It was clearly spelled out during the entire election campaign. He won the election, giving him the genuine authority to introduce the tax.
That is an entirely different matter from Gillard absolutely assuring the electorate right up to election eve that "There will be no carbon tax under a government I lead", with Swannie repeating it after her like a mantra, and then when she got into power, introducing the tax.
It is this utter deception that has the electorate so disgusted.
If you don't get this, then we're all wasting our time trying to explain it to you.
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