Australian (ASX) Stock Market Forum

The Gillard Government

IMO This whole debate and speculation as to what they will, or what they won't do to super.
Is just another clever McTernan diversion.
What is the best way to get peoples minds off that current 'real' issues.
If that's the case, he's now working for someone other than Julia Gillard.
 

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I suppose, when you are comparing our economy with basket cases, even a total disaster looks good.

The fact still remains, they haven't run a surplus, they haven't capitalised on a golden era, they still blame everyone else.

Sounds very much like union rhetoric, only the rusted on head bangers are believing it, that's why the polls are still hovering around 30% .
That is probably made up of 15% of union workers employed and 15% of union workers retired.
By the way I love the way you use Standard and Poors for your reference, weren't they the ones that gave credit ratings to the junk parcels of debt. That caused all this financial strife.LOL:xyxthumbs

Your priceless So_Cynical, you always give me a chuckle.
 
Australia's credit rating still AAA-OK

http://www.smh.com.au/opinion/polit...credit-rating-still-aaaok-20130329-2gyct.html

Strange times when a Government can be so successful and yet be so unpopular...Perhaps taking the reins may turn out to be a bit of a poison chalice for the noalition. :dunno: one would think things can only get worse when your at the top of the wave and have been for 7/8 years.

http://en.wikipedia.org/wiki/List_of_countries_by_credit_rating
~

Australia is still a great place compared to many other countries but this is not because of our current government but despite them. We should be in a lot better position than we are given what this government inherited. Frankly I don't care what the rest of the world does but it makes me angry when I see a government trashing the place like our government is doing now. Australia has so much going for it, lets capitalise on that instead of abusing it.
 
Well wayne and the goon show keep telling us it's all beer and skittles, brought in the MRRT tax because of the obscene super profits, the massive resources boom was producing.

You may have missed it while you were studying.

Hardly a golden era.
 
Australia is still a great place compared to many other countries but this is not because of our current government but despite them.

So the ASF right keeps saying....bizarre because Labor took power in 2007 so when do they actually get credit for a triple a rated economy? When is it their fault? its been almost 6 years.
 
No? What would constitute a golden era for you?

Personally?

Wage increases above my cost of living rises.
Easier access to promotion and to the next level in my pay scale.
Not being reliant on casual contracts.
More secure employment.

There is still a lot of trouble at the bottom end of the employment range. Even for skilled workers.

Broadly?

An increase in government revenues.
Reduction in demand for health services.
Being able to access a gp within a reasonable time frame.
Ability to be able to pay for the required public infrastructure.
A healthier global economy.


Our golden era has gone, and we won't ever be in as structurally positive environment until the boomers thin out in numbers.
 
So the ASF right keeps saying....bizarre because Labor took power in 2007 so when do they actually get credit for a triple a rated economy? When is it their fault? its been almost 6 years.
That though is through the prism of sustained high commodity prices, something beyond the control of any government.

Fiscal management that was poor under the final years of the Howard Government has been even worse under Labor.

The reality about our overall economic will become far more obvious if there is a sustained downturn in the commodities that has kept our economy ticking over. We are simply not prepared for that and that's a failure of government.
 
So the ASF right keeps saying....bizarre because Labor took power in 2007 so when do they actually get credit for a triple a rated economy? When is it their fault? its been almost 6 years.

Look, they've done a magic job.
Thrown away money for the first three years, tried to reign it in for the next three.

It's a bit like me or you S_C going out on a spending binge with the missus, then when the bills come in you have to reign in the spending and support the debt. Not so easy.

Best not to go on the binge in the first place.:xyxthumbs
What retail recession did they stop with the post out of cheques for plasmas? The one we are having now with the downturn in resources?
 
That's easy. Join the public service.

I've had to swallow my opinions recently to try and do that. After swearing I couldn't.

It would mean an immediate 20% pay rise, for what I do/ can do.

Not something I could do long term though. I don't fancy doing my job, plus the jobs of 3-4 useless and lazy staff around me. It's enough having to deal with them currently.

Not something I could do over the long term.
 
Personally?

Wage increases above my cost of living rises.
Easier access to promotion and to the next level in my pay scale.
Not being reliant on casual contracts.
More secure employment.

There is still a lot of trouble at the bottom end of the employment range. Even for skilled workers.

Broadly?

An increase in government revenues.
Reduction in demand for health services.
Being able to access a gp within a reasonable time frame.
Ability to be able to pay for the required public infrastructure.
A healthier global economy.


Our golden era has gone, and we won't ever be in as structurally positive environment until the boomers thin out in numbers.

You guys crack me up, your unbelievable, ask your Mum and Dad if they were as affluent as this generation.

Unbloody believable.:1zhelp:
 
You guys crack me up, your unbelievable, ask your Mum and Dad if they were as affluent as this generation.

Unbloody believable.:1zhelp:

Dad walked into a full time job straight out of uni at 21, and apart from 3 months in the early 90s was employed in high paying jobs until he retired last year.

Mum was a bit different. Had to retire after having kids, and only got back into work after we were in our teens, and that rule had ceased. She has worked, and still works harder than anyone I've ever met.

They had a home paid off before they were both 30. Free education.

Their parents did it tough, but they didn't, no.

White men aged 55-65 have probably had it easier than any other demographic that has come before or will come again.
 
Dad walked into a full time job straight out of uni at 21, and apart from 3 months in the early 90s was employed in high paying jobs until he retired last year.

Mum was a bit different. Had to retire after having kids, and only got back into work after we were in our teens, and that rule had ceased. She has worked, and still works harder than anyone I've ever met.

They had a home paid off before they were both 30. Free education.

Their parents did it tough, but they didn't, no.

White men aged 55-65 have probably had it easier than any other demographic that has come before or will come again.

Well from my perspective, grew up eating rabbit stew, rabbit and dumplings, rabbit pie. Went to school with sugar or banana sandwiches.
Left school at 15, to do an apprenticeship, married at 21 three kids by 25.
First house paid cash after working and living in the NW for two years.
It was a weather board and tile from Midland, chopped in half transported and restumped, asylum seekers wouldn't have lved in it.
Then rebuild it, knock down all the plaster and re gyprock it, dig in your septics and your well for water.
You have no idea mate.
Won't go there, suffice to say a lot if not most of the self funded retirees, are there becauseof a lot of personal sacrifice.
It's really galling when people make lite of it.
 
It's really galling when people make lite of it.

And the same in reverse.

Good luck getting or doing an apprenticeship at 15 and surviving these days.

I've only been out of work for a few months since I was 14. I've always worked, and done as many hours as possible during study. That's come from my parents I guess.

Not everyone has a work ethic like that.

I'm not oblivious to the struggles that people have had and do have. The challenges are totally different these days. There just isn't the security these days.

But I have to laugh when my dad pulls that stunt. If he had to compete with women who were just as talented as he, he would not have had the armchair ride he and many other men had and continue to have in that generation. :2twocents
 
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