Australian Politics Forum - Australia's worst-ever Treasurer joins US talkfest

Armchair_Politician

Gold Member

Offline

Australian Politics

Posts: 26284
Gender: male

Australia's worst-ever Treasurer joins US talkfest
Mar 27^th, 2014 at 12:12pm

If there's one thing we all know Swan is good at, it's shooting his mouth off. In fact, it's the only thing he's good at, since he is clearly well and truly out of his depth handling any more money than the takings from a kids' lemonade stand. If it's a paid position, I look forward to the Yanks asking for their money back. I wonder if his book will be put on shelves in the Science Fiction section? I wouldn't be at all surprised...

FORMER treasurer Wayne Swan has been appointed to a global think-tank set up to examine economic growth which is fair and broadly shared.

Mr Swan, who in 2011 was named by Euromoney magazine as finance minister of the year, has been made a member of the Inclusive Prosperity Commission.

The commission is a project of the US-based Center for American Progress and is co-chaired by former US treasury secretary Larry Summers and Britain's shadow chancellor Ed Balls.

The commission's website says it meets three times a year to discuss "new research and evaluate existing analysis, review case studies, and hear expert testimony from specialists in the public and private sector".

"The group will be tasked to produce a robust set of policy proposals to establish sustainable and inclusive prosperity over the long term in developed economies, with a specific focus on creating good middle-class jobs."

Mr Swan attended his first meeting earlier in March.

The former Rudd and Gillard government treasurer is also working on a book to be released in the second half of 2014.

http://www.dailytelegraph.com.au/news/breaking-news/ex-treasurer-swan-gets-new-h...

Back to top

IP Logged

St George of the Garden

Gold Member

Offline

http://tinyurl.com/n
3o8m2x

Posts: 9809
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #1 - Mar 27^th, 2014 at 12:23pm

You economic illiterate! Swan saw us safe though the GFC with only ONE quarter of negative growth and obtained a AAA rating from all three ratings agencies. He removed like $130Bn a year of Howard’s irresponsible spending and started removing some of the tax expenditures. Hokey quickly reversed the cuts to this middleclass welfare—despite the “Budget Emergency.”

He also was busy issuing papers, doing electorate visits—an output way beyond anything Tip achieved. Forbes Business Magazine lauded with what Swan did with the ETS revenue—tripled the tax free thresh hold. Not bad, eh?

One thing Swan wasn’t known for—shooting his mouth off! No show pony was Swan.

Since the shambles took over unemployment has been climbing and we have lost Holden and Toyota and half the car parts industry. The Budget will likely tip us into recession.

Back to top

I want Muso as GMod. Bring back Muso!

Friends of the National Broadband Network

IP Logged

skippy. Gold Member Offline Posts: 20882 Gender:	Re: Australia's worst-ever Treasurer joins US talkfest Reply #2 - Mar 27^th, 2014 at 12:30pm I can't understand this is supposed to be about that lying little rodent, John Howard, yet I can't find his name mentioned?...
Back to top	freedivers other forum- POLITICAL ANIMAL Click onWWW below IP Logged

mantra

Gold Member

Offline

ozpolitic.com

Posts: 10750
Gender: female

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #3 - Mar 27^th, 2014 at 12:34pm

I caught a bit of Hockey being questioned in Parliament about the doubling of the federal debt so early into the Coalition's leadership and instead of answering the question - he turned it into an attack on Swan. It was nasty.

If anyone can remember - there was a $70 billion blackhole in the Coalition's pre-election budget. No-one had a clue where the money was to come from, but it appears to be a lot more.

Hockey refuses to explain how they've spent this $200 billion in six months. Attack to distract is the Coalition doctrine.

Back to top

IP Logged

St George of the Garden Gold Member Offline http://tinyurl.com/n 3o8m2x Posts: 9809 Gender:	Re: Australia's worst-ever Treasurer joins US talkfest Reply #4 - Mar 27^th, 2014 at 12:35pm Heh, I forgot about that skippy. Double digit unemployment, interest and inflation. Wasn’t for all Little Johnny’s spending the Budget would not have gone into deficit despite the Keynesian spending.
Back to top	I want Muso as GMod. Bring back Muso! IP Logged

King FriYAY II

Gold Member

Offline

Australian Politics

Posts: 2109

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #5 - Mar 27^th, 2014 at 12:38pm

St George of the Garden wrote on Mar 27^th, 2014 at 12:23pm:

Since the shambles took over unemployment has been climbing and we have lost Holden and Toyota and half the car parts industry. The Budget will likely tip us into recession.

Unemployment was always forecast to rise.

The car making sector has been doomed for ages.

Dumb arguements.

Back to top

IP Logged

woody2014

Gold Member

Offline

Australian Politics

Posts: 2044
NTH EAST VIC
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #6 - Mar 27^th, 2014 at 12:38pm

mantra wrote on Mar 27^th, 2014 at 12:34pm:

I caught a bit of Hockey being questioned in Parliament about the doubling of the federal debt so early into the Coalition's leadership and instead of answering the question - he turned it into an attack on Swan. It was nasty.

If anyone can remember - there was a $70 billion blackhole in the Coalition's pre-election budget. No-one had a clue where the money was to come from, but it appears to be a lot more.

Hockey refuses to explain how they've spent this $200 billion in six months. Attack to distract is the Coalition doctrine.

Nothing here to see !

Back to top

THE DUMB LEFTIES ON THIS BOARD DONT KNOW IF THERE WINDING THEIR ARSE OR SCRATCHING THEIR WATCH

IP Logged

King FriYAY II

Gold Member

Offline

Australian Politics

Posts: 2109

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #7 - Mar 27^th, 2014 at 12:39pm

mantra wrote on Mar 27^th, 2014 at 12:34pm:

I caught a bit of Hockey being questioned in Parliament about the doubling of the federal debt so early into the Coalition's leadership and instead of answering the question - he turned it into an attack on Swan. It was nasty.

If anyone can remember - there was a $70 billion blackhole in the Coalition's pre-election budget. No-one had a clue where the money was to come from, but it appears to be a lot more.

Hockey refuses to explain how they've spent this $200 billion in six months. Attack to distract is the Coalition doctrine.

Ahhhh come on, you don't make a massive impact on a countries finances in 6 bloody months.

The debt was always forecast to rise.

Roll Eyes

f

s

Back to top

IP Logged

Grendel Gold Member Offline OzPolitic Posts: 28080 Gender:	Re: Australia's worst-ever Treasurer joins US talkfest Reply #8 - Mar 27^th, 2014 at 12:50pm Good grief, Wayne Swan, they are desperate.
Back to top	IP Logged

St George of the Garden Gold Member Offline http://tinyurl.com/n 3o8m2x Posts: 9809 Gender:	Re: Australia's worst-ever Treasurer joins US talkfest Reply #9 - Mar 27^th, 2014 at 12:58pm The troll posts. . .rubbish.
Back to top	I want Muso as GMod. Bring back Muso! IP Logged

mantra Gold Member Offline ozpolitic.com Posts: 10750 Gender:	Re: Australia's worst-ever Treasurer joins US talkfest Reply #10 - Mar 27^th, 2014 at 1:00pm King FriYAY II wrote on Mar 27^th, 2014 at 12:39pm: The debt was always forecast to rise. Yes - but another $200 billion in 6 months? Labor incurred $268 billion over 6 years and the Coalition never let up on it. We're supposed to be reducing the debt.
Back to top	IP Logged

St George of the Garden

Gold Member

Offline

http://tinyurl.com/n
3o8m2x

Posts: 9809
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #11 - Mar 27^th, 2014 at 1:04pm

King FriYAY II wrote on Mar 27^th, 2014 at 12:38pm:

St George of the Garden wrote on Mar 27^th, 2014 at 12:23pm:

Since the shambles took over unemployment has been climbing and we have lost Holden and Toyota and half the car parts industry. The Budget will likely tip us into recession.

Unemployment was always forecast to rise.

The car making sector has been doomed for ages.

Dumb arguements.

A govt is supposed to make a difference!

Unemployment was always forecast to rise—so what the hell is the shambles doing to reverse that rise? Making it worse by talking down the economy.

Holden could have been saved (unlike Ford) because it exports but was being savaged by the high Australian dollar.

Dear god the simian is grunting in QT—roads of 21st century (no) carbon tax ook ook grunt. No flipping idea! Someone please tell the idiot he is PM not LOTO!

Back to top

I want Muso as GMod. Bring back Muso!

IP Logged

Grappler Deep State Feller

Gold Member

Offline

Australian Politics

Posts: 85253
Always was always will be HOME
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #12 - Mar 27^th, 2014 at 1:10pm

Par for the course - go ahead and flick up a country's economy, then you become an instant expert on economics and how to manage a country.

I await with bated breath the elevation of Lord Joe of the Hock Shop to a few 'honorary doctorates'....

this is a process I've observed at close hand for yeas now - managers who cannot mange move on from one disaster to another, on the 'strength' of their 'proven history in management' - and thus the cycle of endless devastation and loss on all sides is perpetuated.

Same applies to government - it operates on the same principle.

Treasurers, of course, need no credentials - other than being a party hack - and rely on the advice of their public servant coffles - who are equally inefficient.

Of course - as before - titles and positions and lovely incomes for being a complete waste of time are par for the course.

Look at the handout to Arfur Sinodinos - chance to garner $20m for sitting in on a board of sold-off public utilities.

THAT is what ICAC needs to be looking into....

Back to top

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

buzzanddidj

Gold Member

Offline

Australian Politics

Posts: 14213
Eganstown, via Daylesford, VIC
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #13 - Mar 27^th, 2014 at 1:17pm

Armchair_Politician wrote on Mar 27^th, 2014 at 12:12pm:

Australia's worst-ever Treasurer joins US talkfest

If you can cast off the
shackles of one eyed, political bias
- just for a moment - you'd have to admit that
Wayne Swan
is recognized by economists, world-wide, as one of our BEST
Probably, second only, to
Paul Keating

Back to top

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

- Mohandas Karamchand Gandhi

IP Logged

sir prince duke alevine

Gold Member

Offline

Australian Politics

Posts: 23619
Gender: male

Re: Australia's worst-ever Treasurer joins US talkfest
Reply #14 - Mar 27^th, 2014 at 1:20pm

King FriYAY II wrote on Mar 27^th, 2014 at 12:38pm:

St George of the Garden wrote on Mar 27^th, 2014 at 12:23pm:

Since the shambles took over unemployment has been climbing and we have lost Holden and Toyota and half the car parts industry. The Budget will likely tip us into recession.

Unemployment was always forecast to rise.

The car making sector has been doomed for ages.

Dumb arguements.

Almost as stupid as blaming a government for spending money when there is a global recession, wouldn't you say?

Back to top

Disclaimer for Mothra per POST so it is forever acknowledged: Saying 'Islam' or 'Muslims' doesn't mean ALL muslims. This does not target individual muslims who's opinion I am not aware of.

IP Logged