Australian Politics Forum - What Labor said when rates were at 3%

Maqqa

Gold Member

Offline

14% - that low?!

Posts: 16000

What Labor said when rates were at 3%
Aug 7^th, 2013 at 12:13am

Quote:

http://www.abc.net.au/news/2013-05-07/swan-says-interest-rates-not-at-emergency-...
Treasurer Wayne Swan says it is "utterly irresponsible" to suggest that today's cut to interest rates has again taken them to the "emergency levels" seen during the global financial crisis (GFC).

If Swan described the 3% at the heights of the GFC is "emergency levels"

What do you call it when the rate is now at 2.50%

If the 3% is caused by the GFC

What is causing the 2.5%?

No where to hide now Mr Rudd

Back to top

Bill 14% is not the alcohol content of that wine. It's your poll number

IP Logged

Innocent bystander Gold Member Offline Australian Politics Posts: 4220 Gender:	Re: What Labor said when rates were at 3% Reply #1 - Aug 7^th, 2013 at 6:12am All this interest rate bullsh#t, all it means is its someone elses turn to make money.
Back to top	IP Logged

True Blue...

Gold Member

Offline

Australian Politics

Posts: 3748
Gender: male

Re: What Labor said when rates were at 3%
Reply #2 - Aug 7^th, 2013 at 6:56am

in context...

they dropped it because our economy is on the slide and they are trying to generate jobs in the housing market etc....

the trouble was after the GFC the greedy banks started pushing up their own interest rates and the RBA followed them...

interest rates went back up to far too quick and stalled the economy again...

so now you see what we have here today... reduced rates to try and kickstart Australia again...

the trouble is... it may not work... as last time the rates were low everyone jumped on it and then they pushed them back up again... so people will remember that...

Back to top

"Beer is proof that God loves us and wants us to be happy"

Benjamin Franklin

IP Logged

Armchair_Politician

Gold Member

Offline

Australian Politics

Posts: 26380
Gender: male

Re: What Labor said when rates were at 3%
Reply #3 - Aug 7^th, 2013 at 7:19am

Maqqa wrote on Aug 7^th, 2013 at 12:13am:

Quote:

http://www.abc.net.au/news/2013-05-07/swan-says-interest-rates-not-at-emergency-...
Treasurer Wayne Swan says it is "utterly irresponsible" to suggest that today's cut to interest rates has again taken them to the "emergency levels" seen during the global financial crisis (GFC).

If Swan described the 3% at the heights of the GFC is "emergency levels"

What do you call it when the rate is now at 2.50%

If the 3% is caused by the GFC

What is causing the 2.5%?

No where to hide now Mr Rudd

Yep. Rudd thinks that when the interest rates are around 3% under a Coalition government, it's time to hit the panic button. Yet when the interest rates go lower under Labor, he proclaims it's a good thing. Can't have it both ways, Kevvie!!!

Back to top

IP Logged

RightSadFred

Gold Member

Offline

Australian Politics

Posts: 2220
Gender: male

Re: What Labor said when rates were at 3%
Reply #4 - Aug 7^th, 2013 at 7:31am

Maqqa wrote on Aug 7^th, 2013 at 12:13am:

Quote:

http://www.abc.net.au/news/2013-05-07/swan-says-interest-rates-not-at-emergency-...
Treasurer Wayne Swan says it is "utterly irresponsible" to suggest that today's cut to interest rates has again taken them to the "emergency levels" seen during the global financial crisis (GFC).

If Swan described the 3% at the heights of the GFC is "emergency levels"

What do you call it when the rate is now at 2.50%

If the 3% is caused by the GFC

What is causing the 2.5%?

No where to hide now Mr Rudd

The ALP have really dug a huge hole for themselves on the economy.

If rates go up you can argue cost of living pressures ...... if they come down (with unemployment rising) you can blame them for killing the economy.

What is missing is productivity and wage growth. Its all lose lose for the ALP.

One has to ask the very simple question ...... since 2007 what is the good news for the ALP ?

The best argument for the ALP is that they have wrecked the economy but not as much as they could have.

Back to top

IP Logged

cods

Gold Member

Offline

Australian Politics

Posts: 88048

Re: What Labor said when rates were at 3%
Reply #5 - Aug 7^th, 2013 at 8:13am

Armchair_Politician wrote on Aug 7^th, 2013 at 7:19am:

Maqqa wrote on Aug 7^th, 2013 at 12:13am:

Quote:

http://www.abc.net.au/news/2013-05-07/swan-says-interest-rates-not-at-emergency-...
Treasurer Wayne Swan says it is "utterly irresponsible" to suggest that today's cut to interest rates has again taken them to the "emergency levels" seen during the global financial crisis (GFC).

If Swan described the 3% at the heights of the GFC is "emergency levels"

What do you call it when the rate is now at 2.50%

If the 3% is caused by the GFC

What is causing the 2.5%?

No where to hide now Mr Rudd

Yep. Rudd thinks that when the interest rates are around 3% under a Coalition government, it's time to hit the panic button. Yet when the interest rates go lower under Labor, he proclaims it's a good thing. Can't have it both ways, Kevvie!!!

but he does>

did you read Peter Costellos column on kev the con yesterday it was so on the money...everything he said about the man is sooooo true..

Back to top

IP Logged

Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: What Labor said when rates were at 3% Reply #6 - Aug 7^th, 2013 at 8:21am I have sold my house and taken all my money out of Australia. Australia is fked now, the country is on the slide downwards.
Back to top	Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde IP Logged

John S

Gold Member

Offline

Fascist Party = Liberal
Party

Posts: 3691
Gender: male

Re: What Labor said when rates were at 3%
Reply #7 - Aug 7^th, 2013 at 8:33am

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

Australia is fked now, the country is on the slide downwards.

Well seeing that you have nothing here you can leave as well and there is no excuse for you to post on these boards now, and don't slam the door on your way out

Back to top

'The worst Labor Government is always better then the best Liberal government for Australians workers'

IP Logged

FriYAY

Gold Member

Offline

Australian Politics

Posts: 7395

Re: What Labor said when rates were at 3%
Reply #8 - Aug 7^th, 2013 at 10:15am

Don’t ask Joe Hockey!!!

How embarrassing watching Joe trying to answer questions on the interest rate cut…

Joe “The cut is only happening because the economy is on the slide”

Reporter “so if the coalition fix the economy interest rates will go up?”

Joe “um blaa blaa blaa, blaa blaa, blaa, blaa blaa blaa”

What a moron. Roll Eyes

Back to top

IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96614

Re: What Labor said when rates were at 3%
Reply #9 - Aug 7^th, 2013 at 10:34am

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

So you don't live in Australia, don't vote in Australia, don't have an Australian passport, don't pay any tax in Australia, have never fought for Australia, and now you don't invest in Australia either. You've severed your ties completely.

You're just another boring whinging Pom now, son.

Back to top

IP Logged

it_is_the_light

Gold Member

Offline

Christ Light

Posts: 41434
The Pyramid of LIGHT
Gender: male

Re: What Labor said when rates were at 3%
Reply #10 - Aug 7^th, 2013 at 10:37am

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

Australia is fked now, the country is on the slide downwards.

like the rats that leave a sinking ship in your mind..

you have taken your share of fleece and fled

may your riches bring you the happiness it deserves

be at peace

namaste

- : )

Back to top

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : ) ╰დ╮ॐ╭დ╯

IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96614

Re: What Labor said when rates were at 3%
Reply #11 - Aug 7^th, 2013 at 10:40am

it_is_the_light wrote on Aug 7^th, 2013 at 10:37am:

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

Australia is fked now, the country is on the slide downwards.

like the rats that leave a sinking ship in your mind..

you have taken your share of fleece and fled

may your riches bring you the happiness it deserves

be at peace

namaste

- : )

I wouldn't be surprised if this Yarpie knows the Mason's handshake, Light.

He's a registered accountant.

Back to top

IP Logged

it_is_the_light

Gold Member

Offline

Christ Light

Posts: 41434
The Pyramid of LIGHT
Gender: male

Re: What Labor said when rates were at 3%
Reply #12 - Aug 7^th, 2013 at 10:54am

Karnal wrote on Aug 7^th, 2013 at 10:40am:

it_is_the_light wrote on Aug 7^th, 2013 at 10:37am:

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

Australia is fked now, the country is on the slide downwards.

like the rats that leave a sinking ship in your mind..

you have taken your share of fleece and fled

may your riches bring you the happiness it deserves

be at peace

namaste

- : )

I wouldn't be surprised if this Yarpie knows the Mason's handshake, Light.

He's a registered accountant.

forgiven

namaste

Back to top

ॐ May Much LOVE and CHRISTS LIGHT be upon and within us all.... namasté ▲ - : ) ╰დ╮ॐ╭დ╯

IP Logged

Andrei.Hicks

Gold Member

Offline

Australian Politics

Posts: 23818
Carlsbad, CA
Gender: male

Re: What Labor said when rates were at 3%
Reply #13 - Aug 7^th, 2013 at 10:56am

it_is_the_light wrote on Aug 7^th, 2013 at 10:37am:

Andrei.Hicks wrote on Aug 7^th, 2013 at 8:21am:

I have sold my house and taken all my money out of Australia.

Australia is fked now, the country is on the slide downwards.

like the rats that leave a sinking ship in your mind..

you have taken your share of fleece and fled

may your riches bring you the happiness it deserves

be at peace

namaste

- : )

Only God can judge me.

Back to top

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

IP Logged

Verge

Gold Member

Offline

Australian Politics

Posts: 6329
Gender: male

Re: What Labor said when rates were at 3%
Reply #14 - Aug 7^th, 2013 at 11:37am

And this is what happens when governments both stake their reputations on low interest rates.

Both have programmed the people to believe low rates are a symbol of better management so the minute one says its not they get howled down quick smart.

Yesterdays comments by the Coalition, while correct, have come back to bite them purely because their previous public position has been that low interest rates are because they are better managers.

Its for this reason maybe our pollies should stake their reputations on the honesty of their representations they make to people because sooner or later they will come back to bite them

Back to top

And why not, if you will permit me; why shouldn’t I, if you will permit me; spend my first week as prime minister, should that happen, on this, on your, country - Abbott with the Garma People Aug 13

IP Logged