Costello on Stimulus Debt

[Beej]

I think it's worth repeating don't you ?

Perhaps a T Shirt ?


1992 - 2007 = prosperity

2008 - ??? = the great recession

You can argue with me but you cant argue with the facts

I've edited your quote above to show the ACTUAL facts. Your statements were conjecture.

More actual facts: It just so happens that the Libs were lucky and were in government for 11 years of the 15 year period of uninterrupted economic growth from 1992 -> 2007. Labor were in for the first 4 years of that time. When Howard got in interest rates were already down to 6%, the back of inflation had been broken, and employment was growing at a booming pace.

Conversely, from 1975 -> 1983 the Libs were in power during a period of world economic turmoil. And a global recession from 1981-1983 - was it their fault? Seeing as you blame the government of the day your logic would HAVE to blame the Libs (with John Howard as Treasurer) for the 80s recession!

Me, I know that in all cases the government does not cause/fix these downturns, they just happen due to global circumstances. Only the naive blindly blame one political party in the way you do. That's a political philosophy that is about as intellectual as a one eyed Rabbito's/South Sydney rugby league supporter!

Beej

 

[MrBurns]

I've edited your quote above to show the ACTUAL facts. Your statements were conjecture.
More actual facts: It just so happens that the Libs were lucky
Beej

Just like a Labor to steal ideas from a Liberal, my quote is copyright go find your own.

Libs were lucky, oh sure, the better they are at their job the luckier they got , unlike Whitlam for instance who had to be SACKED he was so bad and Rudd well if he's not sacked or rolled by his own party by the time this is over it will be a miracle, but he's so UNLUCKY isnt he ? now where did all those billions go ? oh well not his fault

 

[Temjin]

Wow, this thread gets so emotional!

For me, I only blame on the government's (whichever parties) economist advisers who were taught on FLAWED theories. Either side will suggest more spending either through handouts or infrastructure spending in replacement of private to be the solution of this crisis. All flawed.

I say put on a team of Austrian economists, or Steve Keen himself as the principle economic adviser and we may see some changes happening.

 

[MrBurns]

I say put on a team of Austrian economists, or Steve Keen himself as the principle economic adviser and we may see some changes happening.

I reckon we replace Rudd with Priscilla Queen of the Desert and Swan with Forest Gump, they couldn't do any worse..