Rudd -  the genius who saved us from the Global Financial Crisis - has managed to continue Australia's great economic performance with a higher than expected quarter of GDP growth.


Quote:

Today's national accounts show gross domestic product grew by 0.6 per cent in the March quarter, slightly higher than the 0.5 per cent most economists had predicted. Mr Rudd has again pointed to international comparisons to show the Australian economy has been strong under Labor's stewardship. "As of this year, since we came to office in 2007, the Australian economy is 15 per cent bigger than it was," he said. "I draw to your attention the fact that the British economy has shrunk 3 per cent over that time. http://www.abc.net.au/news/2013-09-04/kevin-rudd-seizes-on-gdp-growth-figures/4934966

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

Actually, Australia's debt-to-GDP ratio is one of the smallest in the OECD countries.

Rudd is a genius.

maybe someone should tell the retail industry... give them some hope ::)

Maybe someone should tell the business community.

Business confidence is at its lowest point in 12 months.
Unemployment is rising.
Debt is $330,000,000,000 higher than when the Government came in.


Smoke 'em if you got 'em.....

True Colours wrote on Sep 4^th, 2013 at 2:57pm:

De-registered User wrote on Sep 4th, 2013 at 2:07pm: I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors. Actually, Australia's debt-to-GDP ratio is one of the smallest in the OECD countries. Rudd is a genius.

So how come they sacked him in 2010?

:D

cods wrote on Sep 4^th, 2013 at 4:08pm:

maybe someone should tell the retail industry... give them some hope ::)

DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

John Smith wrote on Sep 4^th, 2013 at 4:13pm:

cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

You could ask Ford Motor Company?

The ones that pulled all their manufacturing from Australia.

General Motors will be gone by 2016 too.

Andrei.Hicks wrote on Sep 4^th, 2013 at 4:20pm:

John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too.

but not until we have given them another $500 million surely?????????

at least Harvey Norman isnt getting any subsidies..

I bet the CEO of GM.. is laughing all the way to the bank.

he just whistles doesnt have to do a thing..

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

I draw YOUR attention to the FACT that it is nothing of the kind.

Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on.

Kat wrote on Sep 4^th, 2013 at 6:11pm:

De-registered User wrote on Sep 4th, 2013 at 2:07pm: I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors. I draw YOUR attention to the FACT that it is nothing of the kind. Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on.

but it IS massive debt.  The largest we have ever had.

cods wrote on Sep 4^th, 2013 at 6:05pm:

Andrei.Hicks wrote on Sep 4th, 2013 at 4:20pm: John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too. but not until we have given them another $500 million surely?????????

Maybe you could ask Holden, they won't be around if Abbott wins.


Tony Abbott refuses to support handouts for Holden

longweekend58 wrote on Sep 4^th, 2013 at 6:16pm:

Kat wrote on Sep 4th, 2013 at 6:11pm: De-registered User wrote on Sep 4th, 2013 at 2:07pm: I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors. I draw YOUR attention to the FACT that it is nothing of the kind. Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on. but it IS massive debt.  The largest we have ever had.

some people don't understand the concept of actually "earning" their own money ...

if they did then they wouldn't applaud a dud government that has thrown away hundreds of billions of tax payers dollars and then ask for an extra $2500 PA in their welfare payments... 

oh but of course.. money grows on ****king trees... >:(

cods wrote on Sep 4^th, 2013 at 6:05pm:

Andrei.Hicks wrote on Sep 4th, 2013 at 4:20pm: John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too. but not until we have given them another $500 million surely?????????

Cods Is that any different  to government giving subsidies to energy or oil companies?

longweekend58 wrote on Sep 4^th, 2013 at 6:16pm:

Kat wrote on Sep 4th, 2013 at 6:11pm: De-registered User wrote on Sep 4th, 2013 at 2:07pm: I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors. I draw YOUR attention to the FACT that it is nothing of the kind. Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on. but it IS massive debt.  The largest we have ever had.

it's always the largest we ever had ... the debt we will have in another 10 yrs will be larger than todays, the debt in 20 yrs larger still.

$1 just does not buy what it used to, and tomorrow it will buy even less.

Andrei.Hicks wrote on Sep 4^th, 2013 at 4:20pm:

John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too.

businesses open and close shop every day of the year Andrei ... how many moved offshore under Howard?

True Blue... wrote on Sep 4^th, 2013 at 9:54pm:

longweekend58 wrote on Sep 4th, 2013 at 6:16pm: Kat wrote on Sep 4th, 2013 at 6:11pm: De-registered User wrote on Sep 4th, 2013 at 2:07pm: I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors. I draw YOUR attention to the FACT that it is nothing of the kind. Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on. but it IS massive debt.  The largest we have ever had. some people don't understand the concept of actually "earning" their own money ... if they did then they wouldn't applaud a dud government that has thrown away hundreds of billions of tax payers dollars and then ask for an extra $2500 PA in their welfare payments...  oh but of course.. money grows on ****king trees... >:(

At least it doesn't swing from them by its tail while peeling bananas with its feet, like you conservatives do.

John Smith wrote on Sep 4^th, 2013 at 10:32pm:

Andrei.Hicks wrote on Sep 4th, 2013 at 4:20pm: John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too. businesses open and close shop every day of the year Andrei ... how many moved offshore under Howard?

We are talking here about the third largest company in the world!!!!

Not exactly Barry's Tiling Co. is it?

longweekend58 wrote on Sep 4^th, 2013 at 6:16pm:

but it IS massive debt.  The largest we have ever had.

Facile argument, everything is the largest we have ever had because our population is the largest we have ever had.

Andrei.Hicks wrote on Sep 4^th, 2013 at 10:54pm:

You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too.

businesses open and close shop every day of the year Andrei ... how many moved offshore under Howard?[/quote]

We are talking here about the third largest company in the world!!!!

Not exactly Barry's Tiling Co. is it?[/quote]
they werent profitable, thats the companies fault, no on elses. And despite the right wing bs high wages were not the problem.

ian wrote on Sep 4^th, 2013 at 10:58pm:

longweekend58 wrote on Sep 4th, 2013 at 6:16pm: but it IS massive debt.  The largest we have ever had. Facile argument, everything is the largest we have ever had because our population is the largest we have ever had.

Gross debt in Australia has increased by 340%.

That's not exactly small irrelevant of the population.

Andrei.Hicks wrote on Sep 4^th, 2013 at 11:00pm:

ian wrote on Sep 4th, 2013 at 10:58pm: longweekend58 wrote on Sep 4th, 2013 at 6:16pm: but it IS massive debt.  The largest we have ever had. Facile argument, everything is the largest we have ever had because our population is the largest we have ever had. Gross debt in Australia has increased by 340%. That's not exactly small irrelevant of the population.

You cant say irrelevant of the population, GDP is directly tied to population. I agree we should not now be running successive deficits but our debt is not massive, not forgetting the GFC barely touched Australia due in part to government spending.

Andrei.Hicks wrote on Sep 4^th, 2013 at 10:54pm:

John Smith wrote on Sep 4th, 2013 at 10:32pm: Andrei.Hicks wrote on Sep 4th, 2013 at 4:20pm: John Smith wrote on Sep 4th, 2013 at 4:13pm: cods wrote on Sep 4th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope ::) DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough? You could ask Ford Motor Company? The ones that pulled all their manufacturing from Australia. General Motors will be gone by 2016 too. businesses open and close shop every day of the year Andrei ... how many moved offshore under Howard? We are talking here about the third largest company in the world!!!! Not exactly Barry's Tiling Co. is it?

no, we are talking about a subsidiary of the third largest company in the world. Ford never closed shop, only Ford Australia .... it was never that big to start with  ... and what difference does it make how large the company is?

ian wrote on Sep 4^th, 2013 at 10:58pm:

longweekend58 wrote on Sep 4th, 2013 at 6:16pm: but it IS massive debt.  The largest we have ever had. Facile argument, everything is the largest we have ever had because our population is the largest we have ever had.

are you dumb or what?  it is the biggest in REAL TERMS.  you think I didn't consider that???

seriously....

longweekend58 wrote on Sep 4^th, 2013 at 11:09pm:

ian wrote on Sep 4th, 2013 at 10:58pm: longweekend58 wrote on Sep 4th, 2013 at 6:16pm: but it IS massive debt.  The largest we have ever had. Facile argument, everything is the largest we have ever had because our population is the largest we have ever had. are you dumb or what?  it is the biggest in REAL TERMS.  you think I didn't consider that??? seriously....

If you had considered it you wouldnt have made your dumb statement which you then defended.

longweekend58 wrote on Sep 4^th, 2013 at 11:09pm:

ian wrote on Sep 4th, 2013 at 10:58pm: longweekend58 wrote on Sep 4th, 2013 at 6:16pm: but it IS massive debt.  The largest we have ever had. Facile argument, everything is the largest we have ever had because our population is the largest we have ever had. are you dumb or what?  it is the biggest in REAL TERMS.  you think I didn't consider that??? seriously....

I have serious doubts that you consider anything before typing ....