Australian Politics Forum - Election to be called today 4th August.

Lobo Gold Member Offline Australian Politics Posts: 7407 Sydney Gender:	Re: Election to be called today 4th August. Reply #15 - Aug 4^th, 2013 at 4:01pm No Habit for Abbott the Rabbit.......
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# Gold Member Offline A fool is certain: an ignorant fool, absolutely so Posts: 2603	Re: Election to be called today 4th August. Reply #16 - Aug 4^th, 2013 at 4:08pm I wonder whether Abbott will get over his fear of Leigh Sales now. Or will she have to go on leave again, so he can be interviewed by Chris Uhlmann?
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Andrei.Hicks

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Re: Election to be called today 4th August.
Reply #17 - Aug 4^th, 2013 at 4:44pm

Aussie wrote on Aug 4^th, 2013 at 2:58pm:

Quote:

But what are your views on the economic plans released in that depressing mini budget which predicts debt and unemployment to increase?

It probably accurately reflects the cards which have been dealt.

2007 handed a set of aces and kings.

2013 handing back 2's, 3's and 4's eh?

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Aussie

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Re: Election to be called today 4th August.
Reply #18 - Aug 4^th, 2013 at 4:54pm

Andrei.Hicks wrote on Aug 4^th, 2013 at 4:44pm:

Aussie wrote on Aug 4^th, 2013 at 2:58pm:

Quote:

But what are your views on the economic plans released in that depressing mini budget which predicts debt and unemployment to increase?

It probably accurately reflects the cards which have been dealt.

2007 handed a set of aces and kings.

2013 handing back 2's, 3's and 4's eh?

The state of the economy at 2007 has been done to death Mr Hicks, with one commentator today re-enforcing the IMF conclusion that the Howard years were the most 'profligate,' ever. It seems Hayseed blew the real mineral boom opportunity we had. But, that is history, Mr Hicks.

When I sit at a blackjack table, yeas, there are informed decisions I can make, but I do not control the deck.

It is now time for Abbott/Hockey to tell us all about that 'magic bullet' they reckon they have, because just bagging the ALP (like you and they do) will take the uncommitted voter nowhere.

Time to anti up Mr Hicks.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Election to be called today 4th August. Reply #19 - Aug 4^th, 2013 at 5:00pm The same IMF that lost billions in Russia and admitted it didn't know where it's money was? Same IMF that appointed a rapist as its Head? Same IMF that welcomed the Clinton cuts to sub prime lending? Yep, I give you the IMF...
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Aussie

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Re: Election to be called today 4th August.
Reply #20 - Aug 4^th, 2013 at 5:10pm

Andrei.Hicks wrote on Aug 4^th, 2013 at 5:00pm:

The same IMF that lost billions in Russia and admitted it didn't know where it's money was?
Same IMF that appointed a rapist as its Head?
Same IMF that welcomed the Clinton cuts to sub prime lending?

Yep, I give you the IMF...

Yeas, that one Mr Hicks. It seems to be more widely recognised than you, so I'll probably give it greater credibility, just like I regard those blokes who hand out AAA Credit Ratings just a tad or more than your good self.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Election to be called today 4th August. Reply #21 - Aug 4^th, 2013 at 5:33pm Yes the credit rating that gave Enron a tick just before it collapsed. They have a tremendous track record....
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Aussie

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Re: Election to be called today 4th August.
Reply #22 - Aug 4^th, 2013 at 5:40pm

Andrei.Hicks wrote on Aug 4^th, 2013 at 5:33pm:

Yes the credit rating that gave Enron a tick just before it collapsed.

They have a tremendous track record....

Grin

Yeas, that mob. Anyone else you reckon you are more knowledgeable than? So far, you reckon you know more than the IMF and the three most credible international credit rating agencies.

So, who do you recommend Mr Hicks, apart from your good yourself of course.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Election to be called today 4th August. Reply #23 - Aug 4^th, 2013 at 5:42pm So you don't think giving Enron a tick was an error? Giving the sub prime lending restriction releases a big tick was an error? These were both good decisions?
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Aussie

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Re: Election to be called today 4th August.
Reply #24 - Aug 4^th, 2013 at 5:47pm

Andrei.Hicks wrote on Aug 4^th, 2013 at 5:42pm:

So you don't think giving Enron a tick was an error?

Giving the sub prime lending restriction releases a big tick was an error?

These were both good decisions?

No, they were crap decisions, in hindsight, and if memory serves not less than a few of enrons senior executives were jailed for their part in the collapse. Some talk of lies to the market, I believe.

Not sure exactly what you mean about the 'sub-prime' mob. Are you referring to Lehmann Bros.?

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Andrei.Hicks

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Re: Election to be called today 4th August.
Reply #25 - Aug 4^th, 2013 at 5:58pm

Aussie wrote on Aug 4^th, 2013 at 5:47pm:

Andrei.Hicks wrote on Aug 4^th, 2013 at 5:42pm:

So you don't think giving Enron a tick was an error?

Giving the sub prime lending restriction releases a big tick was an error?

These were both good decisions?

No, they were crap decisions, in hindsight, and if memory serves not less than a few of enrons senior executives were jailed for their part in the collapse. Some talk of lies to the market, I believe.

Not sure exactly what you mean about the 'sub-prime' mob. Are you referring to Lehmann Bros.?

The Sub Prime lending was comtrolled previously in the United States.
The US Government released restrictions which allowed lending to be self automated and those who approved lending to consumers were the same people who had their incentives based upon how many loans were given.

This created a huge bubble or a ticking time bomb in terms of future defaulting of credit.

Those bad loans were then packaged into multi facet investment vehicles and traded on the market.
Purchased by the investment banks and Governments such as Iceland loaned off these credit packages.

Which caused the downturn of 2008.

The IMF are on record as stating that the decision of the Clinton administration "is good for the market and enables a free market movement of credit which is good for the banking community"

A big tick if you like for one of the worst decisions on regulatory control made in modern times.

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Aussie

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Re: Election to be called today 4th August.
Reply #26 - Aug 4^th, 2013 at 6:12pm

Lobo wrote on Aug 4^th, 2013 at 3:57pm:

Aussie wrote on Aug 4^th, 2013 at 3:30pm:

greggerypeccary wrote on Aug 4^th, 2013 at 3:28pm:

skippy. wrote on Aug 4^th, 2013 at 2:21pm:

At least the whiny little bitches will stop screeching
Call the election, squawk squawk, call the election, squawk.

Yes, now that September 7 is confirmed hopefully the whiny little bitches will shut up.

"Support Kevin on September 7!"

Ha.....guess you've been waiting to do that, Mr Peccary!

"Support Kevin on September 7!"

Now for the debate....

Mr Peccary.......................that slug toady looking LNP fan boy Laurie Oates just STOLE your slogan on national television!

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