Australian Politics Forum - Who will be Treasurer?

longweekend58

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Re: Who will be Treasurer?
Reply #90 - May 20^th, 2013 at 1:04pm

Life_goes_on wrote on May 20^th, 2013 at 10:08am:

longweekend58 wrote on May 20^th, 2013 at 9:50am:

Life_goes_on wrote on May 20^th, 2013 at 9:37am:

Quote:

good performance is not RELATIVE, it is ABSOLUTE

Of course it's relative. Performance is a comparative measure.
You need something to use as a yard stick. In your case, the only yard stick you find acceptable is the previous government's performance - that's not the only valid one. Actually, that's probably the least valid as it ignores changes to outside forces and requires speculation on how that Government would have continued to perform.

if you want to use relative measurement then you need to be consistent and use relative RATE OF CHANGE. How about you measure the rate of increase in debt rather than the absolute figures??? Then of course you will find that Australia fares very badly having increased its debt at a faster rate than most of the others.

being a lap ahead in a race doesn't say much about you if you were 3 laps ahead earlier.

Consistent? How on earth is using relative rate of change being consistent? Consistent by who?
Again, you're simply cherry picking a measurement which produces a result that fits your viewpoint.
There isn't one simple yard stick you can use that gives an accurate indicator of the performance of a Government. You need to use more than just one.

the only viable measurement of any govts performance is by comparing the starting position to the ending position. you'd find it near impossible to find a credible analyst who's say anything different.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Life_goes_on

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Re: Who will be Treasurer?
Reply #91 - May 20^th, 2013 at 1:23pm

longweekend58 wrote on May 20^th, 2013 at 1:03pm:

Life_goes_on wrote on May 20^th, 2013 at 10:36am:

Quote:

being a lap ahead in a race doesn't say much about you if you were 3 laps ahead earlier.

In a race, the only thing that counts is who is first past the post on that last lap.

if you are the 4th person in a 4X100 race and you start your leg 50M in front and end it 10M in front you will be viewed by everyone as a loser.

but in this case, swan started the last leg 50M in front of everyone and finished SECOND.

a bad performance all round.

As always, you think you know what everyone's opinion or thoughts are. I really doubt that once a the race is over, that many care or even remember anything other than who won it.

And Swan has finished second to who exactly? I'm unaware that there was someone else doing the exact same job at the same time. Who exactly are you comparing his performance to?

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"You're just one lucky motherf-cker" - Someone, 5th February 2013

Num num num num.

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buzzanddidj

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Re: Who will be Treasurer?
Reply #92 - May 20^th, 2013 at 3:53pm

longweekend58 wrote on May 20^th, 2013 at 9:03am:

buzzanddidj wrote on May 20^th, 2013 at 8:54am:

longweekend58 wrote on May 19^th, 2013 at 8:04pm:

We DO have high levels of debt.
In fact it is the largest in our history in dollar terms and very close to the largest in GDP terms. and what is worse is that only a mere 6 years ago we have NO DEBT at all.

Don't pretend to be STUPID
It doesn't BECOME you

Even John Howard is capable of coming clean with the TRUTH - occasionally - and giving
credit, where credit is DUE

Quote:

Former prime minister John Howard gave the economy a big tick
before Treasurer Wayne Swan delivered his sixth budget on Tuesday night.

''And our debt to GDP ratio, the amount of money we owe, to the strength of our economy, is still a lot better than most other countries,'' he said.

He said Australia's economy was better than the economies of Japan, the US and most European countries.

This is in stark contrast to his protege and Opposition Leader Tony Abbott's assessment of doom and gloom on Monday
.

http://www.smh.com.au/opinion/political-news/resilient-economy-in-better-shape-t...

Australia’s
GFC stimulus debt
is the second lowest in the OECD.
Gross debt stands at 28.9% of GDP.

This compares to Japan at 224%,
Greece at 193.2%,
Portugal at 133.1%,
Italy at 129.6%,
Ireland at 127.7%,
United States at 113%,
France at 108.2%,
UK at 110.4%,
Canada at 85.5%,
Spain at 100.2%
Germany at 86.2%.

you have a poor definition of 'good'.

MY definition ?

I just presented the FACTS

The BIG ticks of APPROVAL come from ...

Standard & Poor's
Moody's
Fitch's
The Organisation for Economic Co-operation and Development (OECD)
EuroMoney (Finance Minister of the Year Honours)
The International Monetary Fund (IMF)
The Reserve Bank of Australia (RBA)
The Australian Bureau of Statistics ( ... by stealth)
The Butcher
The Baker
The Candlestick Maker

... and NOW - a few days back - the former member for Bennelong

The ONLY talking down of the ecomomy and the Federal Treasurer is coming from the Opposition, NEWS Ltd - and Sydney shock-jocks

I know who I trust

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« Last Edit: May 20^th, 2013 at 4:59pm by buzzanddidj »

'I like your Christ, I do not like your Christians.
Your Christians are so unlike your Christ.'

- Mohandas Karamchand Gandhi

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longweekend58

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Re: Who will be Treasurer?
Reply #93 - May 20^th, 2013 at 5:12pm

Life_goes_on wrote on May 20^th, 2013 at 1:23pm:

longweekend58 wrote on May 20^th, 2013 at 1:03pm:

Life_goes_on wrote on May 20^th, 2013 at 10:36am:

Quote:

being a lap ahead in a race doesn't say much about you if you were 3 laps ahead earlier.

In a race, the only thing that counts is who is first past the post on that last lap.

if you are the 4th person in a 4X100 race and you start your leg 50M in front and end it 10M in front you will be viewed by everyone as a loser.

but in this case, swan started the last leg 50M in front of everyone and finished SECOND.

a bad performance all round.

As always, you think you know what everyone's opinion or thoughts are. I really doubt that once a the race is over, that many care or even remember anything other than who won it.

And Swan has finished second to who exactly? I'm unaware that there was someone else doing the exact same job at the same time. Who exactly are you comparing his performance to?

it gets harder and harder to get you to understand basic facts, nevermind metaphors. prior to Swan we had the LOWEST level of debt (ie zero) of the OECD. now we are the second lowest ergo we have fallen back one place.

and you can be very sure that a coach would soon trho off the team a final leg runner who took a 50M lead and turned it into a 10M lead. he would be gone double-quick.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Who will be Treasurer?
Reply #94 - May 20^th, 2013 at 5:14pm

buzzanddidj wrote on May 20^th, 2013 at 3:53pm:

longweekend58 wrote on May 20^th, 2013 at 9:03am:

buzzanddidj wrote on May 20^th, 2013 at 8:54am:

longweekend58 wrote on May 19^th, 2013 at 8:04pm:

We DO have high levels of debt.
In fact it is the largest in our history in dollar terms and very close to the largest in GDP terms. and what is worse is that only a mere 6 years ago we have NO DEBT at all.

Don't pretend to be STUPID
It doesn't BECOME you

Even John Howard is capable of coming clean with the TRUTH - occasionally - and giving
credit, where credit is DUE

Quote:

Former prime minister John Howard gave the economy a big tick
before Treasurer Wayne Swan delivered his sixth budget on Tuesday night.

''And our debt to GDP ratio, the amount of money we owe, to the strength of our economy, is still a lot better than most other countries,'' he said.

He said Australia's economy was better than the economies of Japan, the US and most European countries.

This is in stark contrast to his protege and Opposition Leader Tony Abbott's assessment of doom and gloom on Monday
.

http://www.smh.com.au/opinion/political-news/resilient-economy-in-better-shape-t...

Australia’s
GFC stimulus debt
is the second lowest in the OECD.
Gross debt stands at 28.9% of GDP.

This compares to Japan at 224%,
Greece at 193.2%,
Portugal at 133.1%,
Italy at 129.6%,
Ireland at 127.7%,
United States at 113%,
France at 108.2%,
UK at 110.4%,
Canada at 85.5%,
Spain at 100.2%
Germany at 86.2%.

you have a poor definition of 'good'.

MY definition ?

I just presented the FACTS

https://pbs.twimg.com/media/BGeNUmoCQAAGGVT.jpg

The BIG ticks of APPROVAL come from ...

Standard & Poor's
Moody's
Fitch's
The Organisation for Economic Co-operation and Development (OECD)
EuroMoney (Finance Minister of the Year Honours)
The International Monetary Fund (IMF)
The Reserve Bank of Australia (RBA)
The Australian Bureau of Statistics ( ... by stealth)
The Butcher
The Baker
The Candlestick Maker

... and NOW - a few days back - the former member for Bennelong

The ONLY talking down of the ecomomy and the Federal Treasurer is coming from the Opposition, NEWS Ltd - and Sydney shock-jocks

I know who I trust

RELATIVE DETERMINATION. you don't define yourself as sane by comparing yourself to absolute lunatics.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Aussie Gold Member Offline OzPolitic Posts: 38632 Gender:	Re: Who will be Treasurer? Reply #95 - May 20^th, 2013 at 7:59pm At this rate if Abbott gets up.....it will not be Barnaby Joyce. We can believe Polls can't we?
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Life_goes_on

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400kms south of Yobsville, Qld
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Re: Who will be Treasurer?
Reply #96 - May 20^th, 2013 at 10:02pm

Quote:

it gets harder and harder to get you to understand basic facts, nevermind metaphors. prior to Swan we had the LOWEST level of debt (ie zero) of the OECD. now we are the second lowest ergo we have fallen back one place.

Second lowest to Estonia?
Estonia who went from a comparable unemployment rate of around 4.2% in Jan 2008 through to 20% in Feb 2010 and is now currently sitting at around 10% unemployment?

I guess it depends on what you're using as your yardstick and what you consider more important: debt or unemployment?

Or just maybe a government's performance isn't based purely on debt, but rather a combination of factors.

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"You're just one lucky motherf-cker" - Someone, 5th February 2013

Num num num num.

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Lobo

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Australian Politics

Posts: 7407
Sydney
Gender: male

Re: Who will be Treasurer?
Reply #97 - May 20^th, 2013 at 10:26pm

buzzanddidj wrote on May 20^th, 2013 at 3:53pm:

longweekend58 wrote on May 20^th, 2013 at 9:03am:

buzzanddidj wrote on May 20^th, 2013 at 8:54am:

longweekend58 wrote on May 19^th, 2013 at 8:04pm:

We DO have high levels of debt.
In fact it is the largest in our history in dollar terms and very close to the largest in GDP terms. and what is worse is that only a mere 6 years ago we have NO DEBT at all.

Don't pretend to be STUPID
It doesn't BECOME you

Even John Howard is capable of coming clean with the TRUTH - occasionally - and giving
credit, where credit is DUE

Quote:

Former prime minister John Howard gave the economy a big tick
before Treasurer Wayne Swan delivered his sixth budget on Tuesday night.

''And our debt to GDP ratio, the amount of money we owe, to the strength of our economy, is still a lot better than most other countries,'' he said.

He said Australia's economy was better than the economies of Japan, the US and most European countries.

This is in stark contrast to his protege and Opposition Leader Tony Abbott's assessment of doom and gloom on Monday
.

http://www.smh.com.au/opinion/political-news/resilient-economy-in-better-shape-t...

Australia’s
GFC stimulus debt
is the second lowest in the OECD.
Gross debt stands at 28.9% of GDP.

This compares to Japan at 224%,
Greece at 193.2%,
Portugal at 133.1%,
Italy at 129.6%,
Ireland at 127.7%,
United States at 113%,
France at 108.2%,
UK at 110.4%,
Canada at 85.5%,
Spain at 100.2%
Germany at 86.2%.

you have a poor definition of 'good'.

MY definition ?

I just presented the FACTS

https://pbs.twimg.com/media/BGeNUmoCQAAGGVT.jpg

The BIG ticks of APPROVAL come from ...

Standard & Poor's
Moody's
Fitch's
The Organisation for Economic Co-operation and Development (OECD)
EuroMoney (Finance Minister of the Year Honours)
The International Monetary Fund (IMF)
The Reserve Bank of Australia (RBA)
The Australian Bureau of Statistics ( ... by stealth)
The Butcher
The Baker
The Candlestick Maker

... and NOW - a few days back - the former member for Bennelong

The ONLY talking down of the ecomomy and the Federal Treasurer is coming from the Opposition, NEWS Ltd - and Sydney shock-jocks

I know who I trust

Too bloody right!!!

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"What's in store for me in the direction I don't take?"-Jack Kerouac.

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Dnarever

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Re: Who will be Treasurer?
Reply #98 - May 20^th, 2013 at 10:37pm

longweekend58 wrote on May 20^th, 2013 at 5:12pm:

.it gets harder and harder to get you to understand basic facts, nevermind metaphors. prior to Swan we had the LOWEST level of debt (ie zero) of the OECD. now we are the second lowest ergo we have fallen back one place.

and you can be very sure that a coach would soon trho off the team a final leg runner who took a 50M lead and turned it into a 10M lead. he would be gone double-quick.

prior to Swan we had the LOWEST level of debt (ie zero)

Your friend Andrei keep putting the debt to GDP at about 10%.

you can be very sure that a coach would soon trho off the team a final leg runner who took a 50M lead and turned it into a 10M lead.

Runners get to run on the same track on the same day in the same conditions.

All you are really comparing is the best economic period in over a century to about the worst and pretending it makes no difference.

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warrigal Gold Member Offline Australian Politics Posts: 2569 australia Gender:	Re: Who will be Treasurer? Reply #99 - May 21^st, 2013 at 8:01am Why does the question, Who will be Treasurer after september, become a economics debate. who has better gdp, and who survive the gfc better. We didn't survive the GFC. 17 billion dollar debt , we failed.
Back to top	If you can create a big enough lie about someone IGNORANT people will bellieve it. The bigger the Arshole you are on this forum, the more right you have to stay. IP Logged

Poll
Question: TREASURER
* This poll has now closed *
SWAN 3 (23.1%) Abbott 0 (0.0%) Turnbull 2 (15.4%) Gillard 0 (0.0%) Angry Anderson 1 (7.7%) Peter Garrett 0 (0.0%) Hockey 7 (53.8%) Bishop 0 (0.0%) Total votes: 13 « Created by: warrigal on: May 18^th, 2013 at 3:46pm »