Australian Politics Forum - GDP Growth Higher Than Expected

True Colours

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GDP Growth Higher Than Expected
Sep 4^th, 2013 at 1:40pm

Rudd - the genius who saved us from the Global Financial Crisis - has managed to continue Australia's great economic performance with a higher than expected quarter of GDP growth.

Quote:

Today's national accounts show gross domestic product grew by 0.6 per cent in the March quarter, slightly higher than the 0.5 per cent most economists had predicted.

Mr Rudd has again pointed to international comparisons to show the Australian economy has been strong under Labor's stewardship.

"As of this year, since we came to office in 2007, the Australian economy is 15 per cent bigger than it was," he said.

"I draw to your attention the fact that the British economy has shrunk 3 per cent over that time.

http://www.abc.net.au/news/2013-09-04/kevin-rudd-seizes-on-gdp-growth-figures/4934966

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De-registered User Gold Member Offline Posts: 1029	Re: GDP Growth Higher Than Expected Reply #1 - Sep 4^th, 2013 at 2:07pm I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.
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True Colours

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Re: GDP Growth Higher Than Expected
Reply #2 - Sep 4^th, 2013 at 2:57pm

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

Actually, Australia's debt-to-GDP ratio is one of the smallest in the OECD countries.

Rudd is a genius.

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cods Gold Member Offline Australian Politics Posts: 88048	Re: GDP Growth Higher Than Expected Reply #3 - Sep 4^th, 2013 at 4:08pm maybe someone should tell the retail industry... give them some hope
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: GDP Growth Higher Than Expected Reply #4 - Sep 4^th, 2013 at 4:11pm Maybe someone should tell the business community. Business confidence is at its lowest point in 12 months. Unemployment is rising. Debt is $330,000,000,000 higher than when the Government came in. Smoke 'em if you got 'em.....
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Andrei.Hicks

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Re: GDP Growth Higher Than Expected
Reply #5 - Sep 4^th, 2013 at 4:11pm

True Colours wrote on Sep 4^th, 2013 at 2:57pm:

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

Actually, Australia's debt-to-GDP ratio is one of the smallest in the OECD countries.

Rudd is a genius.

So how come they sacked him in 2010?

Cheesy

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

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John Smith Gold Member Offline Australian Politics Posts: 75207 Gender:	Re: GDP Growth Higher Than Expected Reply #6 - Sep 4^th, 2013 at 4:13pm cods wrote on Sep 4^th, 2013 at 4:08pm: maybe someone should tell the retail industry... give them some hope DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?
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Andrei.Hicks

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Re: GDP Growth Higher Than Expected
Reply #7 - Sep 4^th, 2013 at 4:20pm

John Smith wrote on Sep 4^th, 2013 at 4:13pm:

cods wrote on Sep 4^th, 2013 at 4:08pm:

maybe someone should tell the retail industry... give them some hope Roll Eyes

DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

You could ask Ford Motor Company?

The ones that pulled all their manufacturing from Australia.

General Motors will be gone by 2016 too.

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

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cods

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Re: GDP Growth Higher Than Expected
Reply #8 - Sep 4^th, 2013 at 6:05pm

Andrei.Hicks wrote on Sep 4^th, 2013 at 4:20pm:

John Smith wrote on Sep 4^th, 2013 at 4:13pm:

[quote author=cods link=1378266034/3#3 date=1378274927]maybe someone should tell the retail industry... give them some hope Roll Eyes

DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

You could ask Ford Motor Company?

The ones that pulled all their manufacturing from Australia.

General Motors will be gone by 2016 too.[/quote]

but not until we have given them another $500 million surely?????????

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cods Gold Member Offline Australian Politics Posts: 88048	Re: GDP Growth Higher Than Expected Reply #9 - Sep 4^th, 2013 at 6:07pm at least Harvey Norman isnt getting any subsidies.. I bet the CEO of GM.. is laughing all the way to the bank. he just whistles doesnt have to do a thing..
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Kat

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Re: GDP Growth Higher Than Expected
Reply #10 - Sep 4^th, 2013 at 6:11pm

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

I draw YOUR attention to the FACT that it is nothing of the kind.

Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on.

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longweekend58

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Re: GDP Growth Higher Than Expected
Reply #11 - Sep 4^th, 2013 at 6:16pm

Kat wrote on Sep 4^th, 2013 at 6:11pm:

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

I draw YOUR attention to the FACT that it is nothing of the kind.

Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on.

but it IS massive debt. The largest we have ever had.

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True Colours

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Re: GDP Growth Higher Than Expected
Reply #12 - Sep 4^th, 2013 at 9:49pm

cods wrote on Sep 4^th, 2013 at 6:05pm:

Andrei.Hicks wrote on Sep 4^th, 2013 at 4:20pm:

John Smith wrote on Sep 4^th, 2013 at 4:13pm:

[quote author=cods link=1378266034/3#3 date=1378274927]maybe someone should tell the retail industry... give them some hope Roll Eyes

DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

You could ask Ford Motor Company?

The ones that pulled all their manufacturing from Australia.

General Motors will be gone by 2016 too.[/quote]

but not until we have given them another $500 million surely?????????

Maybe you could ask Holden, they won't be around if Abbott wins.

Tony Abbott refuses to support handouts for Holden

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True Blue...

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Re: GDP Growth Higher Than Expected
Reply #13 - Sep 4^th, 2013 at 9:54pm

longweekend58 wrote on Sep 4^th, 2013 at 6:16pm:

Kat wrote on Sep 4^th, 2013 at 6:11pm:

De-registered User wrote on Sep 4^th, 2013 at 2:07pm:

I draw your attention to the fact that Australia is in massive debt and your wonderful leader is still continuing to borrowing millions every day, sooner or later the debt collector will be knocking on all our doors.

I draw YOUR attention to the FACT that it is nothing of the kind.

Don't argue support for the Coalition based on the economy, as you haven't a leg to stand on.

but it IS massive debt. The largest we have ever had.

some people don't understand the concept of actually "earning" their own money ...

if they did then they wouldn't applaud a dud government that has thrown away hundreds of billions of tax payers dollars and then ask for an extra $2500 PA in their welfare payments...

oh but of course.. money grows on ****king trees... Angry

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John Smith

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Re: GDP Growth Higher Than Expected
Reply #14 - Sep 4^th, 2013 at 10:30pm

cods wrote on Sep 4^th, 2013 at 6:05pm:

Andrei.Hicks wrote on Sep 4^th, 2013 at 4:20pm:

John Smith wrote on Sep 4^th, 2013 at 4:13pm:

[quote author=cods link=1378266034/3#3 date=1378274927]maybe someone should tell the retail industry... give them some hope Roll Eyes

DO you believe Jerry when he tells you he is suffering? Over $100m profit not enough?

You could ask Ford Motor Company?

The ones that pulled all their manufacturing from Australia.

General Motors will be gone by 2016 too.[/quote]

but not until we have given them another $500 million surely?????????

Cods Is that any different to government giving subsidies to energy or oil companies?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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