Australian (ASX) Stock Market Forum

Tony Abbott for PM

Jump to new
drsmith said:
On the subject of rubbish.

This is what most of the electorate will remember come election time.

Click to expand...


Really? Ya think?

I mean where does this really rate on the political stupidity scale? ~ i reckon no more than 4 on a 1 to 10 scale with work no choices scoring a perfect 10.
 
So_Cynical said:
Really? Ya think?

I mean where does this really rate on the political stupidity scale? ~ i reckon no more than 4 on a 1 to 10 scale with work no choices scoring a perfect 10.
Click to expand...

Howard got caught with his pants down by the unions on that one. It wasn't the horror story the unions made it out to be. Hey at least he took it to an election. The exact opposite of what labor tends to do.
 
drsmith said:
When it comes to election time, it will not be a judgement about who has a perfect score.

Tle current Labor/Green government will also be judged on it's own economic management, which is far from pretty.
Click to expand...

This Green/Labor Socialist left wing government just cannot manage money. This communism at it's best.

It is history repeating it self all over again.

It will take a decade to clean up this Green/Labor mess and then by that time the dumb wits will say "IT'S TIME FOR A CHANGE OF GOVERNMENT". :banghead::banghead::banghead:


http://www.theaustralian.com.au/opi...ility-in-tatters/story-fn7078da-1226563053957
 
Sydboy, everyone has had a their fill of Gillard and Swan telling them everything is fine.
If it was, people would be spending money, which they aren't. Therefore Tony is going to win, like it or not.
The question should be, will life be better under Tony, I doubt it.
However most people like to have a belief, that running a country is like running a household.:xyxthumbs
The government has pushed forward with the fiscal management platform, voters don't believe them, too many contradictions.
I think they are starting to work out how to run a government, but it is 'game over'. lol
 
sptrawler said:
Sydboy, everyone has had a their fill of Gillard and Swan telling them everything is fine.
If it was, people would be spending money, which they aren't. Therefore Tony is going to win, like it or not.
The question should be, will life be better under Tony, I doubt it.
However most people like to have a belief, that running a country is like running a household.:xyxthumbs
The government has pushed forward with the fiscal management platform, voters don't believe them, too many contradictions.
I think they are starting to work out how to run a government, but it is 'game over'. lol
Click to expand...

People are spending money. They may not be spending them at department stores, but they are out at cafes and spending up big on electronics. The constant media barages that the end is nigh has sapped confidence.

Also the fact that a lot of households have gone back to their historic savings level of around 10% of income. Considering how fast retail sales were booming through the early naughties it's no wonder the likes of Gerry Harvey and the debt burdened owners of Myer are constantly complaining about how tough it is.

the point I keep raising is the right leaning on this forum are holding up Abbott and co as being amazing economic managers when there is not a skerrick of evidence so far that the LNP will be any better than what we have.

If anything, a lot of them were part of the Howard Govt, and so far no one has challenged me on teh fact that he was a profligate PM who ran a high tax high spending Govt for many years. IF Abbott wants to bring back the golden days of negative private savings in Australia, then no thanks.
 
sptrawler said:
The question should be, will life be better under Tony, I doubt it.
Click to expand...

Personally, although the financial situation of a country is important, I feel most unhappy when I feel my liberty is under threat. Though I don't think the LibNats are perfect in this regard at all, the overarching totalitararian Fabian socialist agenda of the LabGreens is highly disconcerting.

I'm sure that I'd have much to whinge about under an Abbott gu'mint, but I guarantee I'd be overall more at ease.

= life would be better... at least psychologically. :2twocents
 
sydboy007 said:
People are spending money. They may not be spending them at department stores, but they are out at cafes and spending up big on electronics. The constant media barages that the end is nigh has sapped confidence.

Also the fact that a lot of households have gone back to their historic savings level of around 10% of income. Considering how fast retail sales were booming through the early naughties it's no wonder the likes of Gerry Harvey and the debt burdened owners of Myer are constantly complaining about how tough it is.

the point I keep raising is the right leaning on this forum are holding up Abbott and co as being amazing economic managers when there is not a skerrick of evidence so far that the LNP will be any better than what we have.

If anything, a lot of them were part of the Howard Govt, and so far no one has challenged me on teh fact that he was a profligate PM who ran a high tax high spending Govt for many years. IF Abbott wants to bring back the golden days of negative private savings in Australia, then no thanks.
Click to expand...

That's how capatalism works.
Like you just stated, households are saving, everyones down having a latte.
Time for change?
 
noco said:
This Green/Labor Socialist left wing government just cannot manage money. This communism at it's best.

It is history repeating it self all over again.

It will take a decade to clean up this Green/Labor mess and then by that time the dumb wits will say "IT'S TIME FOR A CHANGE OF GOVERNMENT". :banghead::banghead::banghead:


http://www.theaustralian.com.au/opi...ility-in-tatters/story-fn7078da-1226563053957
Click to expand...

yet the statistics show that the current Government has never had tax revenue as high as the lowest point under Howard, so what was he doing with all that money? Splashing it out on middle class welfare. He pretty much wasted $100B of resource boom tax revenue. He also helped to hollow out the tax base of the country. A once in a century boom in corporate tax revenues and he acted like it was a permanent shift in Government revenue.

I'd have had a lot more respect for the man if he'd set up a SWF in 2002 and placed all boom time revenue it it so that future generations could benefit. Just imagine that. In less than a decade we could have had a SWF worth at least $200B now, instead we're left with a legacy of baby bonus handouts and middle class welfare that was really getting out of control. Probably the current lot we have in power would have acted jsut the same, but they've never had the revenue to try it.

As for taking anything in The Australian seriously, well the level of bias in that publication is well known. I still have a good laugh with the Simpsons and the banner following a plane - "Fox news, not racist, but No.1 with racists". To publicly stand by an article that linked wind farms with paedophilia, well if that's the integrity of their journalism then no thanks - http://www.presscouncil.org.au/document-search/adj-1555/
 
sydboy007 said:
the point I keep raising is the right leaning on this forum are holding up Abbott and co as being amazing economic managers when there is not a skerrick of evidence so far that the LNP will be any better than what we have.
Click to expand...

In the Australian context, it could scarcely be any worse, ergo anything would be better. This an irrevocable fact.

If anything, a lot of them were part of the Howard Govt, and so far no one has challenged me on teh fact that he was a profligate PM who ran a high tax high spending Govt for many years. IF Abbott wants to bring back the golden days of negative private savings in Australia, then no thanks.
Click to expand...

Profligate? Oh yes most certainly; and I whinged bitterly in the latter Howard years on this forum on this very point.

The difference is that the money was in the kitty.

But also, negative private savings, inter alia, was ubiquitous in the Anglosphere.... You could join me in slagging off Howard/Costello for failing to counter this for the long term benefit of Oz, but you cannot pin causation on them.
 
I actually think Abbott and Hockey are less then up to the task on many fronts. I'll give Abbott a go though, but more because labor are (in my eyes) terrible.

wayneL said:
Personally, although the financial situation of a country is important, I feel most unhappy when I feel my liberty is under threat. Though I don't think the LibNats are perfect in this regard at all, the overarching totalitararian Fabian socialist agenda of the LabGreens is highly disconcerting.

I'm sure that I'd have much to whinge about under an Abbott gu'mint, but I guarantee I'd be overall more at ease.

= life would be better... at least psychologically. :2twocents
Click to expand...

+1
 
wayneL said:
Personally, although the financial situation of a country is important, I feel most unhappy when I feel my liberty is under threat. Though I don't think the LibNats are perfect in this regard at all, the overarching totalitararian Fabian socialist agenda of the LabGreens is highly disconcerting.

I'm sure that I'd have much to whinge about under an Abbott gu'mint, but I guarantee I'd be overall more at ease.

= life would be better... at least psychologically. :2twocents
Click to expand...

Seems you have forgotten what the LNP tried to do with Muhamed Haneef. He wanted to leave the guy locked up even though the evidence was rapidly mounting that the guy was innocent. Even blind Freddy and his mates could see that.
 
wayneL said:
You could join me in slagging off Howard/Costello for failing to counter this for the long term benefit of Oz, but you cannot pin causation on them.
Click to expand...

halving of capital gains tax on assets held for more than 12 months.

Ever since that decision investment properties have run at a loss. Pretty sure that decision had a major bearing on the debt boom that followed!
 
sydboy007 said:
Seems you have forgotten what the LNP tried to do with Muhamed Haneef. He wanted to leave the guy locked up even though the evidence was rapidly mounting that the guy was innocent. Even blind Freddy and his mates could see that.
Click to expand...

No, it seems you have neglected to consider my qualifying point, viz "though I don't think the LibNats are perfect in this regard at all".
 
sydboy007 said:
halving of capital gains tax on assets held for more than 12 months.

Ever since that decision investment properties have run at a loss. Pretty sure that decision had a major bearing on the debt boom that followed!
Click to expand...

Yes, it must've caused the coincident debt boom in the rest of the Anglospere as well! :rolleyes::rolleyes:

C'mon syd, put yer thinking cap on ferchrissake!! :eek:
 
sydboy007 said:
yet the statistics show that the current Government has never had tax revenue as high as the lowest point under Howard, so what was he doing with all that money? Splashing it out on middle class welfare. He pretty much wasted $100B of resource boom tax revenue. He also helped to hollow out the tax base of the country. A once in a century boom in corporate tax revenues and he acted like it was a permanent shift in Government revenue.

I'd have had a lot more respect for the man if he'd set up a SWF in 2002 and placed all boom time revenue it it so that future generations could benefit. Just imagine that. In less than a decade we could have had a SWF worth at least $200B now, instead we're left with a legacy of baby bonus handouts and middle class welfare that was really getting out of control. Probably the current lot we have in power would have acted jsut the same, but they've never had the revenue to try it.

As for taking anything in The Australian seriously, well the level of bias in that publication is well known. I still have a good laugh with the Simpsons and the banner following a plane - "Fox news, not racist, but No.1 with racists". To publicly stand by an article that linked wind farms with paedophilia, well if that's the integrity of their journalism then no thanks - http://www.presscouncil.org.au/document-search/adj-1555/
Click to expand...


Labor actually shouted down investing into mining back in 97 or 99 when the libs were setting up heavily into it. Labor missed the signs completely.
Howard did setup the future fund.
Middle class welfare was going back to the people (in a roundabout way though) and could be scaled back. Didn't make it right as it got out of hand but rather back in the peoples pockets then some govt paper shuffling then bill exercise.

Baby bonus was in response to the low birth rate and baby boomers.
Did birth rates go up?
I never really checked

yet the statistics show that the current Government has never had tax revenue as high as the lowest point under Howard,
Click to expand...

Are you sure this is correct?
 
sydboy007 said:
yet the statistics show that the current Government has never had tax revenue as high as the lowest point under Howard, so what was he doing with all that money? Splashing it out on middle class welfare. He pretty much wasted $100B of resource boom tax revenue. He also helped to hollow out the tax base of the country. A once in a century boom in corporate tax revenues and he acted like it was a permanent shift in Government revenue.
http://www.presscouncil.org.au/document-search/adj-1555/
Click to expand...

So what would you support, the middle class who pay the majority of the taxes, or the keep pushing more and more money into the poverty trap.
Then you have the issue of the lower middle class saying I may as well go on welfare, rather than pushing forward.
That is the problem, if you strip benefits from someone, to the point that it isn't worth improving themselves.
The consequences are huge.
Welfare shouldn't be a viable option to working, no matter what rung you are on the ladder, if you are fit and able.
Let's not forget we are screaming to import labor, from anywhere, while as you say we are sitting having a latte
 
Top