- Joined
- 18 June 2008
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- 2
I have to confess to a grin on hearing the news that the Dear Leader would be deprived of his photo-op with the President! I bet the temper is a bit frayed tonight! These photos would have been nicely planned for the election campaign.
Every time Wayne Swan chants "fair share" like a sook bragging about being in power, it's like he's rubbing mine and every other angry investors nose in it. That's just not going to change my Liberal vote.
In fact property price increases are probably largely due to the mining boom, so why doesn't the government also give every non-property owner their "fair share" and remove the first home buyers grant.
I'm not sure what your getting at with the second paragraph. I've always believed the main reason for the property bubble is the government unwilling to raise the 5% down deposit on property investment. When investors have 20X leverage, what do you expect?
It is a combination of things, and as you point out, extra leveraging contributes immensely. I also don't believe the government should have any input into the lending banks provide, which is against what Wayne Swann and Kevin Rudd think.
Are you saying Wayne Swan and Rudd intend on tightening leverage, if so, do you a have a reference to this? An article maybe? Or are you just referring to the home buyers carrot?
I suspect you will find that Obama doesn't want to be seen to make the same mistakes as George W Bush did when George was slow to re-act to the Hurricane Katrina disaster. It cost George Bush dearly and Obama is wanting to be seen to be doing something quickly and forcfully for the American populace.
Well of course he will consult with his Skull & Bones colleagues like John Kerry.
Ironically, your avatar bares a skull and cross-bones. I'm amazed and yet not surprised.
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