Australian Politics Forum - There's no money but lefties want to spend & spend

buzzanddidj

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Re: There's no money but lefties want to spend & spend
Reply #15 - Jul 6^th, 2013 at 3:51pm

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

Mr Howard told a mortgage and finance industry convention in Sydney
the economy was resilient
despite the belief that it was ''running on empty''.

In an off-the-cuff speech on Friday, reported by trade website The Adviser, Mr Howard was upbeat about the economy.

''When the Prime Minister and the Treasurer and others tell you that the Australian economy is doing better than most - they are right,''
Mr Howard said.

The low unemployment rate
had surprised him, he said.

''We are still fortunate that we have an unemployment rate with a five in front of it. I wouldn't have thought that was going to be possible a few years ago, and I don't think many people would.
Our unemployment has remained pleasingly quite low
,'' Mr Howard said.

''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...

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Dale Ftard

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Re: There's no money but lefties want to spend & spend
Reply #16 - Jul 6^th, 2013 at 3:54pm

adelcrow wrote on Jul 6^th, 2013 at 3:47pm:

cods wrote on Jul 6^th, 2013 at 3:46pm:

STOP the waste... now theres an idea....

of course no one will be able to stop the borrowing JUST LIKE THAT..

but it does need to stop the polies have now got themselves a huge pay increase lets see them earn it by not wasting what little money we do have.

Mr Abbott has a genuine offer to expand on his ideas in a debate with Mr Rudd and until he takes up that offer all his one liners on the subject amount to nothing.

Just because Rudd begs Abbott for a debate doesn't mean Abbott has to do it.

The only reason Rudd is begging for it, is because he know Abbott looks more like the PM than Rudd himself. Who wouldn't after the the last 3 years of the rabble that has the gall to refer to themselves as a party when they are more like a kindergarten.

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buzzanddidj Gold Member Offline Australian Politics Posts: 14175 Eganstown, via Daylesford, VIC Gender:	Re: There's no money but lefties want to spend & spend Reply #17 - Jul 6^th, 2013 at 4:00pm ian wrote on Jul 6^th, 2013 at 2:49pm: howard was the one who got us in the sh!t. We aren't "in the sh!t" The economy is performing BRILLIANTLY
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cods

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Re: There's no money but lefties want to spend & spend
Reply #18 - Jul 6^th, 2013 at 4:02pm

Dale Ftard wrote on Jul 6^th, 2013 at 3:54pm:

adelcrow wrote on Jul 6^th, 2013 at 3:47pm:

cods wrote on Jul 6^th, 2013 at 3:46pm:

STOP the waste... now theres an idea....

of course no one will be able to stop the borrowing JUST LIKE THAT..

but it does need to stop the polies have now got themselves a huge pay increase lets see them earn it by not wasting what little money we do have.

Mr Abbott has a genuine offer to expand on his ideas in a debate with Mr Rudd and until he takes up that offer all his one liners on the subject amount to nothing.

Just because Rudd begs Abbott for a debate doesn't mean Abbott has to do it.

The only reason Rudd is begging for it, is because he know Abbott looks more like the PM than Rudd himself. Who wouldn't after the the last 3 years of the rabble that has the gall to refer to themselves as a party when they are more like a kindergarten.

rudd thinks everyone has forgotten and forgiven his past... ho hum..

and we all know he has a gift for not answering questions... as the saying goes..

you can fool some of the people some of the time.. etc.etc.

I would go with it if on one condition... every question/point has to be answered..

rudd has a way of turning everything into an Abbott question..

yes he is now sorry about the deaths in roof cavities......why has it taken him so loooooooooooooooooong....

I guess he has been doing his best to find a way to pass the buck onto Abbott..nasty little weasel.never could own his own mistakes..

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Andrei.Hicks

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Re: There's no money but lefties want to spend & spend
Reply #19 - Jul 6^th, 2013 at 4:05pm

Must be why we just sacked the PM and Treasurer Buzz.

Because we are doing so well?

The AUD has tanked.
Unemployment is increasing across the economy, particularly manufacturing.
The resources boom is slowing.
Cost of living continues to place huge pressure on families.
Gross debt has increased by over 330%.

Australia is not looking that good lately.

Its not talking the economy down, its being honest.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Grendel

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Re: There's no money but lefties want to spend & spend
Reply #20 - Jul 6^th, 2013 at 4:06pm

Kevin "spend, spend, spend" Rudd is one of the reasons we have such a large deficit and labor were unable to produce even a single surplus. His policy decisions done on the fly and largely without consultation lead to his dismissal and the intractable situation Julia found herself in.

Back again, his first though-bubble is to go to Indonesia and "spend, spend, spend"... thank god SBY had other ideas... not that he'd ever knock back money from Australia.

The NBN will prove to be a huge "white elephant" as technology races ahead and it becomes redundant at a huge cost to us. No consultation, no proper implementation planning, and no business plan. It is blowing out and is not only behind schedule but access and take up is below expectations.

Boat people are costing us a ridiculous amount running into the BILLIONS... too much for so few people who choose criminal means to get access to Australia. The bulk of whom are really just economic refugees.

Fuelwatch, Grocerywatch... waste waste waste...

MRRT taking from the states and ending up producing barely enough to be worth the bother... a huge vehicle of churn and centralisation of power.

The Climate Change Commission; one of, if not the biggest waste of money for a useless over funded collection of bureaucrats.

The list goes on and on...

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perceptions_now

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Re: There's no money but lefties want to spend & spend
Reply #21 - Jul 6^th, 2013 at 4:17pm

Andrei.Hicks wrote on Jul 6^th, 2013 at 4:05pm:

Must be why we just sacked the PM and Treasurer Buzz.

Because we are doing so well?

The AUD has tanked.
Unemployment is increasing across the economy, particularly manufacturing.
The resources boom is slowing.
Cost of living continues to place huge pressure on families.
Gross debt has increased by over 330%.

Australia is not looking that good lately.

Its not talking the economy down, its being honest.

So Andrei, why do you think that the OZ Economy is slipping & are we alone in that slip?

And, HOW DEEP & HOW LONG will the slip be?

Finally, what difference would a change of government make, if any & why?

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buzzanddidj

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Re: There's no money but lefties want to spend & spend
Reply #22 - Jul 6^th, 2013 at 4:30pm

Andrei.Hicks wrote on Jul 6^th, 2013 at 4:05pm:

Australia is not looking that good lately.

The Australian economy is among the world's ELITE - and it just IRKS you this has happened under a LABOR GOVERNMENT

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

Mr Howard told a mortgage and finance industry convention in Sydney
the economy was resilient
despite the belief that it was ''running on empty''.

In an off-the-cuff speech on Friday, reported by trade website The Adviser, Mr Howard was upbeat about the economy.

''When the Prime Minister and the Treasurer and others tell you that the Australian economy is doing better than most - they are right,''
Mr Howard said.

The low unemployment rate
had surprised him, he said.

''We are still fortunate that we have an unemployment rate with a five in front of it. I wouldn't have thought that was going to be possible a few years ago, and I don't think many people would.
Our unemployment has remained pleasingly quite low
,'' Mr Howard said.

''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...

ian wrote on Jul 6^th, 2013 at 2:49pm:

howard was the one who got us in the sh!t.

We aren't "in the sh!t"
The economy is performing BRILLIANTLY

i

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

- Mohandas Karamchand Gandhi

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Andrei.Hicks

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Re: There's no money but lefties want to spend & spend
Reply #23 - Jul 6^th, 2013 at 4:36pm

I'll give my views from the other side of the world here in England PN and if I knew the answer to some of those questions, I'd be in a lot more powerful position that my current one.

I just closed out the ANZ result for Q2.
Our revenue is being translated into the Corp result at 0.899.
I look back to Q1 close and I was translating it at 1.048. In Q4 I translated it at 1.086.

See a trend here?

By the way that's good for our OpEx which are lower but sh*thouse for gas sales from your region...

Why is it tanking?

Ok here is my view.

Australia has never been performing that well over the last couple of quarters.
There has been an excessive boom across China which has spurred the need for resources and natural mineral production refinement.

Chinas boom is slowing.
As a result that will see an end to more of the masking factors if you like.

Australia's manufacturing employment has not been good for a long time.
I sat with a high up guy at Holden recently who told me its near on impossible to produce cars in Australia now and that are not great outlooks for GMC in Australia the next few years.
Cost of living is high, competition is intense, salaries are too high in that sector.

The economy is small. You're only a little country. Here in Britain we're part of a much more powerful trading block in the EU to compete with the US and Asia.
Australia will find it hard to go it alone with such a small base.
So to keep your competitiveness, attract investment you need much higher interest rates than we have.
Thus increasing cost of living pressures with mortgages to your families etc.

How does Australia get out of this slide?
I don't know, I think debt increasing which you have done year on year since 2007 is not the answer.
No matter what your circumstance increasing debt is not really ever am answer.

What you're going to see now is essentially what's being going on for a while.
An economy in trouble but just this time the Chinese growth stalling is not going to mask it anymore.

There has been an intense amount of job losses in Australia lately across sectors.
I recruited for a $200k Fin Controller role lately down there. The amount of guys I had the cv who had recently been made redundant was huge. Strong candidates too. It was a sign of how tough it is out there now when you have skilled experienced guys looking for a paycut to get a job.

Australia has some rough days ahead I think.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: There's no money but lefties want to spend & spend Reply #24 - Jul 6^th, 2013 at 4:37pm Buzz if I thought you had the first clue about Finance or Economics I'd give a more detailed response. However I rate perceptions knowledge, I don't actually rate your depth of knowledge at all. Despite your claims to have an education level to mine.
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Bobby.

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Re: There's no money but lefties want to spend & spend
Reply #25 - Jul 6^th, 2013 at 4:42pm

Maqqa wrote on Jul 6^th, 2013 at 2:23pm:

I note all the austerity talk from lefties as if it's a bad thing

Facts are Austerity simply means spending less because the previous government had wasted sooooo much money

Maqqa admits to the secret Abbott austerity program.

I have a whole thread on it.

have a look at the pics on the first page here:

http://www.ozpolitic.com/forum/YaBB.pl?num=1372809408/0

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: There's no money but lefties want to spend & spend Reply #26 - Jul 6^th, 2013 at 4:47pm Austerity cuts are sometimes what's required Bobby. When you have a problem where you are spending more than you earn - Do you think your answer is to spend how you are and borrow more to cover the gap or to cut your type of spending?
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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: There's no money but lefties want to spend & spend Reply #27 - Jul 6^th, 2013 at 4:50pm The problem is free market capitalists are taking out of the economy wealth they did not create, but stole...social democracy and justice is the solution. Free Market propaganda should be censored from all media....
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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: There's no money but lefties want to spend & spend Reply #28 - Jul 6^th, 2013 at 4:52pm Austerity is a continuance of wealth redistribution from the poor to the rich...its a scam...enough of it....
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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: There's no money but lefties want to spend & spend Reply #29 - Jul 6^th, 2013 at 5:10pm All welfare payments should be doubled to ensure human security and place the burden on society to create secure, inclusive employment for those they have maliciously marginalized....
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Poll
Question: Who wasted the most amount of money in government?
Howard on middle class welfare 1 (8.3%) Howard on handouts to the middle class 0 (0.0%) Howard trying to buy votes 0 (0.0%) All of the above 11 (91.7%) Total votes: 12 « Created by: skippy. on: Jul 6^th, 2013 at 6:08pm »