Oz Federal Election 2013 - Discussion and Comments

[drron]

That the point isn't it. Australia always turns to the ALP in hard economic times to fix things. Like how Hawke/Keating fixed the Fraser/Howard mess and gave us continuous economic growth, even through the Asian crisis.



Your interpretation of the chart is the problem not the chart itself. Not sure how many times you need to have this pointed out before you get it.

Now who is talking through the top of their head.The Asian crisis was 1997 and the PM definitely wasn't Keating.That is taking the rewriting of history just too far.
And as to debt.The Howard government took the accumulated debt from negative 96 billion to positive 29 billion as well as putting aside 70 billion for future Commonwealth payments.Ie a saving of 195 billion over 11 years.The Rudd/Gillard legacy is taking debt from 29 billion surplus to 164 billion debt or 193 billion deficit over 6 years.
And how many times must I say it.Australia has had RECORD terms of trade in the Rudd/Gillard era.Apart from 2008/09 income has been rising faster than inflation.So if Howard sqandered the mining boom receipts Swan absolutely destroyed them.
Costello budgets syccessfully steered us through the Asian crisis,Dot com crash and 9/11-this last was when government income really dived and the only year when the surplus was less than forecast.

 

[medhead]

Now who is talking through the top of their head.The Asian crisis was 1997 and the PM definitely wasn't Keating.That is taking the rewriting of history just too far.

I didn't say they were in government in 1997. I said they fixed the Fraser/howard mess and gave us continuous economic growth. That does not mean they were PM for the entire time of that continuous growth. Even Howard has totally acknowledged Keating's role in creating the conditions that gave us continuous growth. That grow started in about 1992. If there is any re-writing of history it is your attempt to pretend Keating didn't exist. Even to deny Howard's own words.

 

[medhead]

Yep amaroo never said the other numbers were cough. Just "spin and BS". Oh but it doesn't exist. Still what is BS but another term for cough?

Feel free to go well past the last 6 years to see the numbers.

Look no further than the chart headed - Government Net Debt......tells it - like it is:!:

I think the underlying cash balance is the best indictor of current performance.

Feel free to measure it any way you want.

The numbers are what they are and are indisputable......no amount of spin and BS will make them any better!

 

[BadgerBoi]

I didn't say they were in government in 1997. I said they fixed the Fraser/howard mess and gave us continuous economic growth. That does not mean they were PM for the entire time of that continuous growth. Even Howard has totally acknowledged Keating's role in creating the conditions that gave us continuous growth. That grow started in about 1992. If there is any re-writing of history it is your attempt to pretend Keating didn't exist. Even to deny Howard's own words.

That couldn't have been clearer - I think you'd only misunderstand that point if you actually wanted to misunderstand it.

 

[medhead]

That couldn't have been clearer - I think you'd only misunderstand that point if you actually wanted to misunderstand it.

drron likes to read extra words into my posts.

 

[amaroo]

This is my final word on your false claim.

That was short break......I hardly had time to knock off dinner.

This is about you, not me.

I'm confused with this one

Yep amaroo never said the other numbers were cough.

Good - at least you are actually admitting I didn't say it. It's taken some time.

I still have NFI what this is all about.......other than having the last post or something silly like that.

 

[amaroo]

likes to read extra words into my posts.

Oh, I know the feeling

 

[cove]

Kevin seems to be whitewashing his economic results. He wasted more of Australia's money than anyone could have thought possible.
One billion is a lot of money.
He tubed $250 billion and you would battle to figure how he did it and have bugger all to show for it.
He could have fixed homelessness with one or two billion dollars.

 

[TheEmu]

Kevin seems to be whitewashing his economic results. He wasted more of Australia's money than anyone could have thought possible.
One billion is a lot of money.
He tubed $250 billion and you would battle to figure how he did it and have bugger all to show for it.
He could have fixed homelessness with one or two billion dollars.

Economy? Who cares about the economy when my hair is all out of place???
Rudd's Bad Hair Day - YouTube

 

[cove]

Thanks for that TheEmu that poor cough needed a set of mirrors.

 

[medhead]

Oh, I know the feeling

Not sure how. The words are right there in your posts. Just try reading.

Or perhaps not because when you try that you think nsw is only one part of Australia means nsw is not part of Australia. What's that about ladies protesting too much. Seems apt.

 

[medhead]

Kevin seems to be whitewashing his economic results. He wasted more of Australia's money than anyone could have thought possible.
One billion is a lot of money.
He tubed $250 billion and you would battle to figure how he did it and have bugger all to show for it.
He could have fixed homelessness with one or two billion dollars.

What do you call hockey's pronouncements. Besides a bag of contradictions. Low interest rates are bad except when the coalition is in government. An economic downturn requires stimulus spending but the government should stop spending. Seems the rules of economic theory change depending on which party is the government.

 

[Moody]

Not sure how. The words are right there in your posts. Just try reading.

Or perhaps not because when you try that you think nsw is only one part of Australia means nsw is not part of Australia. What's that about ladies protesting too much. Seems apt.

Look Medhead, for the sake of some serious debate can you agree with imaroo that Bullshiit is not cough, and just move on? I know it galls somewhat, but look at it this way - it will be the only time that sentient beings agree with his posts so cut the poor Murdoch acolyte some slack!

 

[TheEmu]

Thanks for that TheEmu that poor cough needed a set of mirrors.

...and plenty of smoke!

 

[cove]

Price rises from the devaluation of the Australian dollar are coming thick and fast. I think that is called inflation.
Interest rates may start to surge out in the 2 to 5 year range sometime soon due to that inflation.
I would not totally rely on economists as right now post the recent devaluation of our currency we have hoardes of foreigners circling our residential property market to buy homes. That is not really what Australia should be welcoming.

 

[medhead]

But devaluing the dollar helps exporters. Apparently that's good.

 

[cove]

Yes it gets quite complicated. We are importers,exporters and manufacturers. We would prefer a lower Australian dollar as our sales values increase for our products so it is easier to make a profit.
Interest rates don't bother us much.
If I had a time machine I would know some of the answers......many economists don't seem to know what the questions are!
It would be nice if we don't shake consumers confidence too much as that is what causes recessions.
Our economy runs on greed and fear and please don't forget this.

 

[drsmithy]

He could have fixed homelessness with one or two billion dollars.

Really puts the tens of billions in tax cuts made by Costello and Swan in proper context, no ?

 

[drsmithy]

Price rises from the devaluation of the Australian dollar are coming thick and fast. I think that is called inflation.
Interest rates may start to surge out in the 2 to 5 year range sometime soon due to that inflation.
I would not totally rely on economists as right now post the recent devaluation of our currency we have hoardes of foreigners circling our residential property market to buy homes. That is not really what Australia should be welcoming.

You're a little late. "Hordes of foreigners" have been helping to prop up Australia's real estate bubble for a couple of years now. And, of course, since it props up the bubble, neither major parties will lift a finger to try and stop it.

 

[drsmithy]

But devaluing the dollar helps exporters. Apparently that's good.

It'd be better if we hadn't spent the last decade sacrificing them to consumerism.

As it turns out we hardly have any exporters left, which is the biggest reason we're f*cked.