wayneL
VIVA LA LIBERTAD, CARAJO!
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Really which bit? The middle class welfare?
Good point. They certainly splashed some bribery around themselves in the last term or two.
Baby bonus??? FFS!
How has Australia avoided recession?
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Good point. They certainly splashed some bribery around themselves in the last term or two.
Baby bonus??? FFS!
Really which bit? The middle class welfare?
or was the liberal party responsible for all the Iron Ore in the ground?
The simple difference Trembling Hand between Labor & Liberals, is one puts us into debt & the other takes us out of debt.
It very plain to see who's policy will improve living standards for all us.
Cheers
I dont believe we have avoided anything....there is a long slow road to travel before we get out of this mess...
just because there is some exuberance out there at the moment, means nothing
and Stevens talk of raising interest rates by the end of this year, will mean any jobs that were at risk, will be very risky now and probably lost....
stupidity to think its over, and to raise interest rates while unemployment is rising....
are you all forgetting about that huge debt of 300 billion hanging over our heads....Glen Stevens is grossly incompetent, as he proved last year while raising interest rates...now he is at it again...
some people really need to sober up....its not party time..thats a long way off into the future...
just because there is some exuberance out there at the moment, means nothing
and Stevens talk of raising interest rates by the end of this year, will mean any jobs that were at risk, will be very risky now and probably lost....
stupidity to think its over, and to raise interest rates while unemployment is rising....
are you all forgetting about that huge debt of 300 billion hanging over our heads....Glen Stevens is grossly incompetent, as he proved last year while raising interest rates...now he is at it again...
some people really need to sober up....its not party time..thats a long way off into the future...
True WayneL, but they could afford to - and why not splash a little around if you have it. Its like if you work hard for extra dollars, why can't you buy something a little special.
Labor on the other hand splashes out without the responsibility of paying it back. They never have & never will pay anything back.
Cheers
Trembling Hand
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I do not intend to get into an argument about Labor & Liberals.
My point was that the libs had a BIG surplus that came from a commodities boom(luck) which they distributed to the middle class to build on the boom.
Very Very inefficient use of wealth thats now been p!ssed up against the wall. That's not good management.
That's nothing but a false platitude, ie political propaganda. Hate to see this thread turn into a political/partisan slanging match, but it seems to be heading that way.
For the record, the FACTS are that the Hawke Labor government in the 80s reduced the commonwealth gross debt by a significant amount, after it had been ran up massively by the previous LIBERAL government, with guess who as Treasurer and thus at the economic helm? The Liberal hero Mr John Winston Howard that's who! Of course he had a severe recession to deal with, so nor real surprise that debt ran up if you take the partisanship out of it.
In Howards case later on as Prime Minister, he paid off debt built up during the 90s recession with asset sales and boom time tax revenues, and he was lucky as at the same time government spending in real terms increased, so there was no razor gang or big time frugality going on then, as others have pointed out re all the middle class welfare, tax cuts etc that's for sure!
The reality is that in Australia government debt runs up or down based on the economic/business cycle regardless of the political flavour of the government of the day. If we just accept this then a meaningful discussion on the current Australia economic situation can ensue....
Cheers,
Beej
Trembling Hand
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Yep, a surplus did occur during the resource boom, but in reality the debt was well down the track of being paid off by then. The resource boom happened after 2000.
Before the resource boom, the country was fairing very well and weathered the Asian crises easily.
And by the way, the Libs did also save a lot of the surplus and which Labor has now got there hands on.
Cheers
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cheers beej . good post
wayneL
VIVA LA LIBERTAD, CARAJO!
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Yes, a period of political cross-dressing as I remember. The Fraser mob doing their best social democrat (Labor) imitation, and Hawke/Keating being the social liberals (wet Liberal).
At least Howard and Rudd have brought us back to the stereotypes.
Agree 100%, especially with the point in bold, the RBA with Stephens at the helm had it completely wrong 18 months ago, why should we think they have a clue what they're doing now?
Actually policies that add costs and red tape to business are a surefire way of slowing things down. And let’s face it lab's are notorious for it.
Fair point, but will have to agree to disagree so that the discussion can continue.
Cheers
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Come in spinners ... wait until the interest bill on the debt that Mr Rudd has rung up to hit. Then we will know what real pain is. Recession ... what recession? Economic downturn is more appropriate. No more or less than 1987 or 1991 come to think of it. Australia was 98 billion in debt then when Libs came in and PAID off the "Credit Card" that Keating had left for us to deal with. YES they did have a very good run of WORLD economy stimulus but if I recall they also set up the "future fund" amongst other things. Enough ranting by me about Labs vs Libs policies.
Close economic ties with China and the amount of natural resources that we send overseas has been our main factor to deflect the blows of downturn. Regulated bank practices with independent valuations has assisted in avoiding housing to crash too dramatically. I seriously doubt the $900 x 3 from Mr Rudd has done SFA other than added 42 billion to the national debt. (Oooops there I go again) FLAME ON JOHHNY STORM
Close economic ties with China and the amount of natural resources that we send overseas has been our main factor to deflect the blows of downturn. Regulated bank practices with independent valuations has assisted in avoiding housing to crash too dramatically. I seriously doubt the $900 x 3 from Mr Rudd has done SFA other than added 42 billion to the national debt.
(Oooops there I go again) FLAME ON JOHHNY STORM
Timmy
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I seriously doubt the $900 x 3 from Mr Rudd has done SFA other than added 42 billion to the national debt.
Mr. Spotter - I know you are wealthy beyond the wildest dreams of avarice, but let me assure you, out here in Realworld Australia where we have cut back from 7 lobsters a week to 5, $42 billion is a significant sum and has boosted poker-machine earnings notably, if nothing else.
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Timmy
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Sean K
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Nice barque too.
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I think I will float around the Republic of Banana Land until the champagne runs out and the girls learn to speak english. This could take awhile as they only respond to hand signals at the moment.
Doesn't a barque have sails? No motor ... NO GO is the rule.
Doesn't a barque have sails? No motor ... NO GO is the rule.
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