The Abbott Government

[Knobby22]

The problem with a recession it isn't selective who it hurts, spending cuts still happen, they just happen with less opposition.
This is because everyone has bigger things to worry about, like 10%+ unemployment, crashing values, increasing inflation and the like.

True but cutting spending during a recession makes it worse and tax income will fall markedly meaning higher taxes. Hopefully we avoid it.

 

[Tisme]

The problem with a recession it isn't selective who it hurts, spending cuts still happen, they just happen with less opposition.
This is because everyone has bigger things to worry about, like 10%+ unemployment, crashing values, increasing inflation and the like.

Yes it's getting more serious than people jousting on discussion boards and at cocktail parties. I've sold off a fair bit of property of late to put myself in a less exposed position and cash ready for acquisitions if they pop up. The GFC showed some stark differences between the USA and Oz when it came to pumping the economies with borrowed monies .... the USA leapt to the business challenge, while we coalesced with our TVs and sporting heroes thinking China would buffer us...... can do mindset the yanks.

 

[sptrawler]

True but cutting spending during a recession makes it worse and tax income will fall markedly meaning higher taxes. Hopefully we avoid it.

Apparently we avoided a recession after the GFC, because Kev sent out $900 cheques to everyone on welfare, it was nothing to do with the mining boom. Or so Fairfax and Laborites told us at the time.

So the answer is simple, all Tony has to do is send out $900 cheques to everyone on welfare, problem solved. lol, lol, lol.

That should fix it, Labor economics 101.

By the way it is hard to cut spending when you can't pass cuts, the same goes for increasing taxes, so that leaves increased debt.

 

[sptrawler]

Yes it's getting more serious than people jousting on discussion boards and at cocktail parties. I've sold off a fair bit of property of late to put myself in a less exposed position and cash ready for acquisitions if they pop up. The GFC showed some stark differences between the USA and Oz when it came to pumping the economies with borrowed monies .... the USA leapt to the business challenge, while we coalesced with our TVs and sporting heroes thinking China would buffer us...... can do mindset the yanks.

Yep we pumped money into Chinese plasma t.v's.

 

[IFocus]

Apparently we avoided a recession after the GFC, because Kev sent out $900 cheques to everyone on welfare, it was nothing to do with the mining boom. Or so Fairfax and Laborites told us at the time.

So the answer is simple, all Tony has to do is send out $900 cheques to everyone on welfare, problem solved. lol, lol, lol.

That should fix it, Labor economics 101.

By the way it is hard to cut spending when you can't pass cuts, the same goes for increasing taxes, so that leaves increased debt.

FFS mining shed 19% of its work force due to the GFC................if retail did the same(biggest employer at the time Australia wide) what do you think would have happen........hint we would have been fu(ked.

Again it was Ken Henry who had experienced previous recessions and quote "Go early, go hard and go households" who steered Australia thought the biggest financial contraction since the 1930's.

 

[banco]

FFS mining shed 19% of its work force due to the GFC................if retail did the same(biggest employer at the time Australia wide) what do you think would have happen........hint we would have been fu(ked.

Again it was Ken Henry who had experienced previous recessions and quote "Go early, go hard and go households" who steered Australia thought the biggest financial contraction since the 1930's.

Strewth old Sp has a better grasp of economics than that pointy head Ken Henry.

 

[sptrawler]

FFS mining shed 19% of its work force due to the GFC................if retail did the same(biggest employer at the time Australia wide) what do you think would have happen........hint we would have been fu(ked.

Again it was Ken Henry who had experienced previous recessions and quote "Go early, go hard and go households" who steered Australia thought the biggest financial contraction since the 1930's.

So FIFO was shutdown, don't think so, you can't shut down construction that quick, smoke and mirrors garbage. Retail did nothing, because nothing happened, in the general economy.
Mining has shed more than they ever did during the gfc, as the construction phase has ended.
Now we must really be fu{ked, so why not give out another $900, as I said more have been laid off, therefore by your reasoning, retail will do the same?
Labor reasoning 101.

Also it became obvious how many people took notice of what Ken Henry said, when Labor who commissioned him, didn't take any notice of him. FFS

Labor ran with knee jerk policy for their whole term of office, now they are blocking cuts that they themselves suggested.

No credibility, no honour, no clue.

 

[sptrawler]

Strewth old Sp has a better grasp of economics than that pointy head Ken Henry.

No old SP has a better grasp of reality, than IFocus.

You wouldn't be quoting a report set up by Abbott, that he then didn't act on, you would be bagging it.

So why start quoting Labor reports, that Labor didn't act on.
Jeez I suppose you will be quoting Blanchet's talk to the U.N because Rudd, had her and some other actors over for a brain fart.
How anyone can give any credibility to Rudd, Gillard, Rudd terms of office, should have a reality check.IMO
The only winner out of all that, was Bob Brown.

Just look at the Labor royalty ,that walked after that fiasco.

 

[noco]

So FIFO was shutdown, don't think so, you can't shut down construction that quick, smoke and mirrors garbage. Retail did nothing, because nothing happened, in the general economy.
Mining has shed more than they ever did during the gfc, as the construction phase has ended.
Now we must really be fu{ked, so why not give out another $900, as I said more have been laid off, therefore by your reasoning, retail will do the same?
Labor reasoning 101.

Also it became obvious how many people took notice of what Ken Henry said, when Labor who commissioned him, didn't take any notice of him. FFS

Labor ran with knee jerk policy for their whole term of office, now they are blocking cuts that they themselves suggested.

No credibility, no honour, no clue.

I think Labor used 3 out of 148 recommendations by Ken Henry...near enough to nothing.

 

[banco]

No old SP has a better grasp of reality, than IFocus.

You wouldn't be quoting a report set up by Abbott, that he then didn't act on, you would be bagging it.

So why start quoting Labor reports, that Labor didn't act on.
Jeez I suppose you will be quoting Blanchet's talk to the U.N because Rudd, had her and some other actors over for a brain fart.
How anyone can give any credibility to Rudd, Gillard, Rudd terms of office, should have a reality check.IMO
The only winner out of all that, was Bob Brown.

Just look at the Labor royalty ,that walked after that fiasco.

I think you are confusing yourself again. The quote that Ifocus used from Ken Henry isn't from his taxation review. Do you really think the phrase "go hard" would find its way into an official report.

CHRIS UHLMANN: So can you tell us exactly what you said in that little phrase?

DR KEN HENRY: Well I did say, ‘Go Hard, Go Early and Go to Households.’ I did say that.

CHRIS UHLMANN: And do you feel vindicated, particularly after that first stimulus package because you did see an effect on the economy which came very quickly?

DR KEN HENRY: Yeah, I think so, I do. It’s not a personal thing. I must say that in the Treasury we had discussed this possibility years earlier. And we’d asked ourselves a question, senior group of people in the Treasury – what would we do if we were to be hit with another big negative shock and how would we respond, what would our advice to the Government be? And everybody in the senior levels of the Department was of a one mind on how the Department should provide advice.

http://www.abc.net.au/7.30/content/2012/s3503553.htm

 

[sptrawler]

I think you are confusing yourself again. The quote that Ifocus used from Ken Henry isn't from his taxation review. Do you really think the phrase "go hard" would find its way into an official report.

CHRIS UHLMANN: So can you tell us exactly what you said in that little phrase?

DR KEN HENRY: Well I did say, ‘Go Hard, Go Early and Go to Households.’ I did say that.

CHRIS UHLMANN: And do you feel vindicated, particularly after that first stimulus package because you did see an effect on the economy which came very quickly?

DR KEN HENRY: Yeah, I think so, I do. It’s not a personal thing. I must say that in the Treasury we had discussed this possibility years earlier. And we’d asked ourselves a question, senior group of people in the Treasury – what would we do if we were to be hit with another big negative shock and how would we respond, what would our advice to the Government be? And everybody in the senior levels of the Department was of a one mind on how the Department should provide advice.



http://www.abc.net.au/7.30/content/2012/s3503553.htm

That probably explains why, no one listened to him, he was wanting to prove a theory he previously espoused. Lets be honest, non other than the media have given him much credit, Labor included. Well that's from my observations, I will stand corrected if someone can point out accolades for his report.
Or indeed any post report commissions he has been offered?

The mining boom was in full swing, construction in the Pilbara was full steam ahead, when the GFC hit contracts that could be put on hold were, contractors that were on short term contracts weren't renewed.

China's demand didn't drop and it was business as usual very quickly.
It wasn't long after the gfc hit, that the Labor government was screaming about the lack of skilled tradespeople and pushing for 457 immigration.

As I said, the crisis is happening now, the demand for resources has dropped, construction is over.

Why if the retail sector needed saving then, doesn't it need saving now?

Small business are failing at record rates and consumer spending is at its lowest level in years.

Wouldn't you say, Abbott has just as much reason as Rudd had, to splurge money out?

However if he did you would be screaming about, trying to buy votes etc.

Let's be honest, our dollar is nearly one to one with New Zealand, we now for the first time in years have more NZ people going home, than coming here.

We are just so up ourselves, we can't see how bad the situation is getting. lol

I'm all for giving Labor another couple of terms, really, it will be a reality check everyone obviously needs.

I kid you not, Abbott/ Hockey are no Howard Costello, also Shorten/ Bowen are no Hawke /Keating so get over it.
Welfare as is, is unaffordable and taxation as it is is unaffordable, Syd seems to be the only Laborite that has a grasp of reality. lol

 

[drsmith]

I think Labor used 3 out of 148 recommendations by Ken Henry...near enough to nothing.

Was one of those 3 his flawed mining tax that Julia Gillard turned into her mining tax for which Wayne Swan spent the revenue it never raised ?

 

[Knobby22]

Was one of those 3 his flawed mining tax that Julia Gillard turned into her mining tax for which Wayne Swan spent the revenue it never raised ?

Yes.

 

[Tisme]

I hear the govt is salivating over a double dissolution ... the hope is that Labor will win and inherit the poisoned chalice of a country going in a recession we didn't have to have.

Abbott Govt (and prior) reminds me of this:




https://www.youtube.com/watch?v=p3xb11Bf5lM

 

[sptrawler]

I hear the govt is salivating over a double dissolution ... the hope is that Labor will win and inherit the poisoned chalice of a country going in a recession we didn't have to have.

]

He has probably realised if you can't implement your policy, you may as well go to an election.

Compromising your position, to bow and scrape to fringe parties cost Labor the election, the same fate will befall the coalition.

They are voted in to provide leadership and direction, not go begging to minorities, then end up with half ar$ed results.

Abbott should have gone straight back to the polls after the election, as he said he would, if he didn't get a clear majority.
It cost Gillard and unless Abbott calls their bluff, it will cost him.IMO

 

[SirRumpole]

A bit like the old story of the frog that gets boiled alive because the temperature of the water in which it sits rises only gradually, we don't seem to quite be able to take in the growing realisation that we actually are being governed by idiots and fools, or that this actually has real-world consequences.


Laura Tingle

Australian Financial Review

http://www.afr.com/opinion/columnis...overned-by-fools-is-not-funny-20150319-1m2wd1

When you have esteemed journalists going to the lengths of describing the government as fools, it's time to acknowledge that this is a one term government.


Not that the Opposition is much better in some respects, but it can hardly be worse.

 

[dutchie]

Disgusting Politician uses the word “Goebbels” to make a point.




Date: March 11, 2011

Mark Dreyfus

“Abbott's wildest claim is that he is running a "truth campaign". Leaving aside the Goebbellian cynicism of labelling a scare campaign a "truth campaign"”

http://www.smh.com.au/federal-polit...oebbels-in-truth-campaign-20110310-1bq45.html


former Treasurer Wayne Swan:

“In recent weeks there has been a Goebbels type campaign by the Leader of the Opposition, the member for Bennelong (Mr Howard), and others on his front bench to remake their image from hard Right ideologues to soft, cuddly, caring, non-threatening middle of the road type social democrats. “



Labor MP Jill Hall: 2006

“They have vilified asylum seekers and refugees in a way that would make Goebbels blush.”

 

[dutchie]

esteemed journalists

I think that's a bit of an oxymoron. I can't think of one journalist that I would tag as "esteemed".

You might be better to describe Tingle as "an anti-Abbott journalist"

However I do agree with some of the content in her article.

 

[Tisme]

Disgusting Politician uses the word “Goebbels” to make a point.




Date: March 11, 2011

Mark Dreyfus

“Abbott's wildest claim is that he is running a "truth campaign". Leaving aside the Goebbellian cynicism of labelling a scare campaign a "truth campaign"”

http://www.smh.com.au/federal-polit...oebbels-in-truth-campaign-20110310-1bq45.html


former Treasurer Wayne Swan:

“In recent weeks there has been a Goebbels type campaign by the Leader of the Opposition, the member for Bennelong (Mr Howard), and others on his front bench to remake their image from hard Right ideologues to soft, cuddly, caring, non-threatening middle of the road type social democrats. “



Labor MP Jill Hall: 2006

“They have vilified asylum seekers and refugees in a way that would make Goebbels blush.”

One would expect more maturation from the Fuhrer of the govt than mere cabinet ministers. Utterances from Prime Ministers have a world stage interest and upsetting the international Jewish community with cheap shots ain't a good move.

 

[Knobby22]

Everyone is being a bit precious aren't they? Really its that bad? I can't see how anyone would truly be upset.

Bit like the fake furore when the girly man quote was used.

Are we a nation of wowsers or what? It's really just the right wing media looking for an easy hit in tis case. It will be the other media next week. Pathetic.