Maqqa wrote on Nov 5^th, 2012 at 12:41pm:


so what you are really saying is that when Howard made the claim that interest rates would always be lower under a liberal government, it was because he knew that under a labor govt. we would have more growth than we would under a liberal governemtn?

I am glad you mentioned about Treasurer Howard - come out of the 70's and into the 2012

you are somewhat 30 years behind - typical of a leftard

Maqqa wrote on Nov 5^th, 2012 at 2:22pm:


And with Keating your 25 years behind, idiot

skippy. wrote on Nov 5^th, 2012 at 2:54pm:


All of Maqqas statements come back to haunt him sooner or later 

Maqqa wrote on Nov 5^th, 2012 at 12:41pm:


Why would I do that, when  your knowledge of Economics is clearly limited & is just as clearly driven by what your Political masters in the Liberal party tell you.

So, why were you on here last year, promoting the next movement in rates, as being up & I was saying that interest rates would head down, as the Economy went down!

perceptions_now wrote on Nov 5^th, 2012 at 4:33pm:


Unless your happy with Maqqa constantly repeating the Liberal Party line of the day you'll never get a sensible conversation about economics out of him.
Liberal Party and high interst rates = Good
Labor Party and high interest rates = Bad
Liberal Party and low interest rates = Good
Labor Party and low interest rates - Bad

You know it makes sense 

Maqqa wrote on Nov 5^th, 2012 at 4:51pm:


You do seem to have a few problems, sweety -
1) Memory!
2) Knowledge!
3) Understanding the current Economic Realities, which are different to those of the past!

1) You had forgotten that you had harped on about rising rates, hadn't you!

2)  It is apparent from the way you write your SPIN that your knowledge of the "old Economics", isn't all that good!

3) But, what really puts you at a disadvantage is that neither you, nor your Liberals masters have much idea that the Economic game has changed and it has changed forever! Not that Swan &/or Labor are any different.

That said, you are at another disadvantage, which is that you only see thru Liberal party glasses, whilst I see the whole new Economic picture, unaffected by any Political bias!

So, I can agree that Swan & Labor, have problems & they know it, which is why they will go to the next election, earlier rather than later.

But, I  can also say, that Labor has actually done a reasonable job on the Economy, they certainly made some mistakes, but they did ok. Certainly compared to many in Europe, the USA & Japan for example, the OZ Labor Pollies did a good job.

I can also say and I have many times, that the Liberals also did a reasonable job, during 1996-2007, again particularly compared to many Pollies overseas. But, those years were the absolute Economic Peak years, owing to the Baby Boomer Boom and the Libs could have & should have done better.

Back to  now, Yes, the facts that rates are heading down tells us things are not good & they will get a damn site worse.

They will get worse, primarily because of Macro Global drivers are going into reverse!
They will get worse, irrespective of whether Labor or the Liberals are in power!
They will get worse, because neither of the usual "Economic Fixes" (Keynes or Aus-terity) will work this time, as they usually have over the modern Economic era!

Oh, back to your memory, I also seem to recall calls, for cutting Spending or had you forgotten.

That said, you are nearly suggesting more stimulus & higher Debt, which sounds "unusual" for you, but that won't "fix' the problem this time, just ask Europe, Japan & the USA. 

Sometimes, the only solution is to wear the pain, particularly IF those who were meant to help regulate our Economic health looked the other way, for far too long, looked after their own interests for far too long & forgot about the Best, Long term interests of All Australians for far too long!!!

Cheers!