Australian (ASX) Stock Market Forum

The Gillard Government

The spending is the easy part. It p****s me off when Swan goes around saying they made the hard choices and claim credit for keeping us out of recession, when they have just done the easy bit. The hard bit is getting us back to where we were, but at best they can only keep us treading water where we currently are and with great pain. I don't understand why so many political and financial commentators allow Swan to get away with that claim.

My bold - that has always been the part that the Liberals have had to do.
 
The other thing that p****S me off is those that say Labor has saved us from the effects of the GFC. If they get us back to where we were 5 years ago, with the surplus we had 5 years ago (not current account but public savings in the kitty) and we do not have some sort of recession, then they can claim they saved us from the effects of the GST. But all they have done up to now is the easy bit. They have spent our savings. They need to restore our savings to where they were before they can claim success.

If I am a household and have $100K in savings and then times turn bad. If I keep the food on the table by spending the $100K as well as spending another $200K that I borrowed, I can't go around boasting what a great financial manager I am because no one yet has gone hungry. It's when I no longer borrow more and return my savings to where they were and still keep food on the table that I should be able to start boasting about my financial prowess.

The spending is the easy part. It p****s me off when Swan goes around saying they made the hard choices and claim credit for keeping us out of recession, when they have just done the easy bit. The hard bit is getting us back to where we were, but at best they can only keep us treading water where we currently are and with great pain. I don't understand why so many political and financial commentators allow Swan to get away with that claim.

You have hit on the head, exactly why they are in the position they are, in the polls.
Swan can talk all the crap he likes, at the end of the day voters know they blew lots of their money. The voters also know it will be them that have to pay it back.
 
The other thing that p****S me off is those that say Labor has saved us from the effects of the GFC. If they get us back to where we were 5 years ago, with the surplus we had 5 years ago (not current account but public savings in the kitty) and we do not have some sort of recession, then they can claim they saved us from the effects of the GST. But all they have done up to now is the easy bit. They have spent our savings. They need to restore our savings to where they were before they can claim success......
So true. I doubt too many voters actually realise this, though.
 
Well some results are starting to dribble through, post budget!

http://www.abc.net.au/news/2012-05-12/post-budget-opinion-poll/4007244

One poll " I am less likely to vote labor", has achieved a 94.66% hit rate.

In a article in the Australian, one journalist has correctly summed up why the message from Labor is not coming through.
When asked a question, even a simple question, Labor MP's, Gillard and Swan do a "data dump" from a prepared speech.
Even if it could be a yes or no, it reverts to a dump.

If you think about it, this is right to the point. Wong and Combet especially.

Now it appears strange that they all do it, as if they have been instructed to do it.
It has two versions, 1. to campaign for Labor and 2. put down Abbott.

If I can find a version that will open, I will post it.
joea
 
Yeph!
And its about time Oakeshott and Windsor put up or shut up.
The voters are sick of these two "grandstanding".
I am sure the voter are seeing straight through these two at the moment.
joea
 
The other thing that p****S me off is those that say Labor has saved us from the effects of the GFC. If they get us back to where we were 5 years ago, with the surplus we had 5 years ago (not current account but public savings in the kitty) and we do not have some sort of recession, then they can claim they saved us from the effects of the GST. But all they have done up to now is the easy bit. They have spent our savings. They need to restore our savings to where they were before they can claim success.

This is where you believe the Abbott propaganda at the peril of embarrassment.

Swan outside of GFC stimulus has actually held spending increases in percentage terms well below any any thing achieved by Costello and Howard where spending actually increased and stood at higher rates than currently.

The issue is on the revenue side which has dropped significantly unlike for Costello and Howard where it only ever increased during which time they handed out massive middle class welfare.


But hey don't let the facts get in the way
 
The only fact you need to get through your head is that Gillard and the entire Labor party is universally hated by millions of Australians for good reason.

That's not a fact, it's an exaggeration.
 
Look up the definition of universally.

If I had read that comment earlier this week, I would have maintained my reaction that Knobby is 'splitting hairs', fighting the tide that is swamping the Gillard Government.

Then I spent 2 days in Canberra on Thursday and Friday, and all the people I spoke to were sprouting from their ivory towers about Gillard - she's tough, didn't lie, being bullied by Abbott...

Having left Canberra, by 'universally hated', I think the election result will show, like none in history, that you just cannot make the statement: "There will be no carbon tax under the Government I lead" and then do the exact opposite.

No matter what the circumstances. If you can't form government, so be it.
 
The only fact you need to get through your head is that Gillard and the entire Labor party is universally hated by millions of Australians for good reason.


Same polls point out Abbot's not far behind for very good reasons, I am sure he will adjust that position to 1st once he wins the next drovers dog election and starts using Hockey's magic $50 billion calculator.

Still some of the unsightly infighting of late over the spoils may change that ..........signs no doubt of the growing arrogance within the born to rule brigade.
 
The issue is on the revenue side which has dropped significantly unlike for Costello and Howard where it only ever increased during which time they handed out massive middle class welfare.


But hey don't let the facts get in the way

Ah, but isn't that exactly what Abbott said in his budget response. Instead of penalising the productive sector of the economy and redistributing to those who add little value, we should be increasing the size of the pie so that everyone gets more. Maybe the reason the revenue side has dropped is because Labor's policies discourage investment in the economy. You know what I mean, the big bad mining companies etc. etc.
 
Top