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Cash bonus$$$$$
Allegedly saved us from black hole
And propped up Hardly Normal
Allegedly saved us from black hole
And propped up Hardly Normal
Cash bonus$$$$$
Allegedly saved us from black hole
And propped up Hardly Normal
Is this an achievement or a failure?
Can you explain to me why Oz was one of the few countries in the world not to experience the "R" word
I'm all ears like Tony Abbott
1) Australian banks had limited exposure to SUB PRIME MORTGAGES
2) The export of minerals is a significant contributor to Australia’s GDP. Other countries relied on NON ESSENTIAL GOODS AND SERVICES.
3) RBA immediately dropped rates to 3.25% (still higher than anywhere else thusly attracting global monetary funds to the interest rate)
4) We are small fry in the global scheme and a 2 bit player in macro economics. (300 million people in America, 127 million in Japan, 61 million in UK etc etc)
5) Imports fell 7% and Exports fell only 2.7%
6) We had relatively LOW net foreign debt unlike other countries
7) I could go on and on and on and on ...........
But you already knew all of this ... didn't you !?!?!??!?!
Similarly to Australia, Japan’s banks had limited exposure to sub-prime mortgages. In the beginning of 2008, after a long recession, Japan had its Non-Performing Loan problem as well as deflation under control and its economy was growing at a slow but steady pace. When the crisis hit, Japan suffered tremendously from the sudden drop in demand for cars and electronics from overseas. The economy spiraled back into negative growth. Although the Japanese financial system was unaffected, the drop in exports was solely responsible for the degradation of the economy.
No i didn't know all that,great reply anyway i will have to take your word on it.
But it did remind me that the government had to guarantee these bulletproof banks thats an achievement surely.
If pumping all that cash into the economy didn't help i think your trains half empty and mines half full
Take my word for it ... all facts.
The Guvnmt guaranteed the deposits for the banks to stop Mummy & Daddy investors from pulling their CASH out of aforementioned bank thusly reducing their fund raising capabilities. Rule of thumb is said bank must have a certain amount of liquidity (cash deposits) to be used as collateral therefore the RBA will loan them money at x% which they then on loan to you at y%. Also other global monetary finds operate the same way but require a little bit more than reserve cash on hand. That's another story.
The pumping of the stimulus cash into the economy has caused WHAT exactly? Pink Batt Fiasco? BER Catastrophe? $900 x 3 to dead beats to spend at Harvey Norman on Japanese TV's we imported? Where do you think the money came from to SPLURGE such largesse? Rudd has borrowed heavily on the never never and WE as taxpayers will have to pay it back. Toot toot ... all aboard .. the train has left the station.
Why are all people who earn less than x amount of $ dead beats,some one has to collect the rubbish and serve you at restaurants
If they all spent there cash on TVs at Hardlys why didn't it show in your lower imports comment.
As for the mummy and Daddy investors who are obviously not as switched on as an experienced operator as yourself,the point was the backing of the banks was an achievement as the thread mentioned somewhere.
Ps i bet you drive a volvo no Saab
Take my word for it ... all facts.
$900 x 3 to dead beats to spend at Harvey Norman on Japanese TV's we imported?
Sorry mate i took this as you meaning deadbeats spending there bonus at Harvey Norman and the people who were eligible earn less than x amount of $s
Don't Know where i got that idea from ROFL
I should have clarified the details in my original post better. Mia Culpa !
Was trying to relay that buying TV's in Harvey Norman with the $900 x3 was good for Harvey Norman and not much else.
Can you explain to me why Oz was one of the few countries in the world not to experience the "R" word
I'm all ears like Tony Abbott
Since you seem to have all the answers trainspotter perhaps you can tell me why all 5 agency's taking bets on this years election have the Govt as a very short priced favourite to win, and the coalition as an extreme outsider, given almost no chance of winning.
I await your wisdom with eager anticipation.
The Rudd government have a decent list of failures compared to their successes as listed in this thread, but this doesnt mean that voters think that Liberal could do any better - hence the bookies odds. At the moment, the Liberals dont really have any policy positions at the moment and it looks like we will have to wait until closer to election time to see what they have to offer.
Don't forget this wasteful Labor Government inherited a very healthy base of a $22 billion surplus, which they (Labor) blew in a very short time.The previous Government would have implimented the same scheme at half the cost and far more efficiently, just as they did in the Asian financial crisis. But you did not hear all the blah,blah, blah from Howard/Costello like you have from Rudd.
This thread is about Rudd's failings vs achievements.Since you seem to have all the answers trainspotter perhaps you can tell me why all 5 agency's taking bets on this years election have the Govt as a very short priced favourite to win, and the coalition as an extreme outsider, given almost no chance of winning.
I await your wisdom with eager anticipation.
And that's exactly the point. Rudd's superiority in the polls at present imo represents much less any liking from the public for him, or any conviction about the success of his policies, than a reflection of the woeful quality of the Opposition.The Rudd government have a decent list of failures compared to their successes as listed in this thread, but this doesnt mean that voters think that Liberal could do any better - hence the bookies odds. At the moment, the Liberals dont really have any policy positions at the moment and it looks like we will have to wait until closer to election time to see what they have to offer.
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