Australian Politics Forum - ABBOTT SHOULD RESIGN IN SHAME

Karnal

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Australian Politics

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Re: ABBOTT SHOULD RESIGN IN SHAME
Reply #30 - Jul 12^th, 2014 at 7:00pm

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:43pm:

Karnal wrote on Jul 12^th, 2014 at 6:40pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:35pm:

Notice how Stiglitz offers no alternative solutions. He thinks money can just keep getting spent.
It's not about emulating the USA anyway. It's about not becoming another Greece or Spain.

I know. What would the former chief economist of the World Bank know about money?

Pathetic, leftards, just pathetic.

His credentials mean little. I've read enough garbage from Doctors and Professors over the years to know titles mean little.

World Bank economist is not a title, Mistie, it’s a role. It demonstrates one’s experience.

Still, what would the World Bank know about development and income distribution?

Your Garbage Professor would be much more experienced in this field, I would imagine.

Cleanliness is next to Godliness, after all.

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Mattywisk Gold Member Offline Australian Politics Posts: 1373 Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #31 - Jul 12^th, 2014 at 7:00pm On your bike troll.
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Postmodern Trendoid III

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Re: ABBOTT SHOULD RESIGN IN SHAME
Reply #32 - Jul 12^th, 2014 at 7:05pm

Karnal wrote on Jul 12^th, 2014 at 7:00pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:43pm:

Karnal wrote on Jul 12^th, 2014 at 6:40pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:35pm:

Notice how Stiglitz offers no alternative solutions. He thinks money can just keep getting spent.
It's not about emulating the USA anyway. It's about not becoming another Greece or Spain.

I know. What would the former chief economist of the World Bank know about money?

Pathetic, leftards, just pathetic.

His credentials mean little. I've read enough garbage from Doctors and Professors over the years to know titles mean little.

World Bank economist is not a title, Mistie, it’s a role. It demonstrates one’s experience.

Still, what would the World Bank know about development and income distribution?

Your Garbage Professor would be much more experienced in this field, I would imagine.

Cleanliness is next to Godliness, after all.

Of all the snippets I've read of Stiglitz he's not offered any solution. It can be fun and cool to criticize but eventually you've got to offer some solution.

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Karnal

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Australian Politics

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Re: ABBOTT SHOULD RESIGN IN SHAME
Reply #33 - Jul 12^th, 2014 at 7:18pm

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 7:05pm:

Karnal wrote on Jul 12^th, 2014 at 7:00pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:43pm:

Karnal wrote on Jul 12^th, 2014 at 6:40pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:35pm:

Notice how Stiglitz offers no alternative solutions. He thinks money can just keep getting spent.
It's not about emulating the USA anyway. It's about not becoming another Greece or Spain.

I know. What would the former chief economist of the World Bank know about money?

Pathetic, leftards, just pathetic.

His credentials mean little. I've read enough garbage from Doctors and Professors over the years to know titles mean little.

World Bank economist is not a title, Mistie, it’s a role. It demonstrates one’s experience.

Still, what would the World Bank know about development and income distribution?

Your Garbage Professor would be much more experienced in this field, I would imagine.

Cleanliness is next to Godliness, after all.

Of all the snippets I've read of Stiglitz he's not offered any solution. It can be fun and cool to criticize but eventually you've got to offer some solution.

Solution to what? He’s one of a host of economists, financial forecasters, bank CEOs, and world leaders who say Australia does not have any significant economic problems to correct.

Stiglitz is saying that making health, education and welfare cuts to pay off a teenie weenie budget deficit will make us poorer in the long run, not richer. And he’s citing his experience with the US economy as an example of what not to do.

His solution is to not make drastic budget cuts. The problem is not the deficit, but rising inequality levels. Stiglitz is advising Australia not to go down the path of the US.

What solution would you prefer, Mistie?

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Karnal Gold Member Offline Australian Politics Posts: 96921	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #34 - Jul 12^th, 2014 at 7:20pm Mattywisk wrote on Jul 12^th, 2014 at 7:00pm: On your bike troll. Now, that’s a solution. Pedal power.
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Grendel

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Re: ABBOTT SHOULD RESIGN IN SHAME
Reply #35 - Jul 12^th, 2014 at 8:05pm

Grendel wrote on Jul 12^th, 2014 at 6:46pm:

The problem is Stiglitz has no great knowledge of Australia and the Leftards that inform his opinion are what? That's right... biased....

Even Judith Sloan had to patiently correct his assumptions and misconceptions, on the Economists Q&A the other week. Roll Eyes

And I usually don't agree with her stance on many things.

Like I said he spent most of the night making incorrect assumptions and being corrected.
I hope he learnt something.
We are not America.

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Mattywisk Gold Member Offline Australian Politics Posts: 1373 Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #36 - Jul 12^th, 2014 at 8:06pm Karnal wrote on Jul 12^th, 2014 at 7:20pm: Mattywisk wrote on Jul 12^th, 2014 at 7:00pm: On your bike troll. Now, that’s a solution. Pedal power. Off you go then Karmal
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Postmodern Trendoid III

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Re: ABBOTT SHOULD RESIGN IN SHAME
Reply #37 - Jul 12^th, 2014 at 8:37pm

Karnal wrote on Jul 12^th, 2014 at 7:18pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 7:05pm:

Karnal wrote on Jul 12^th, 2014 at 7:00pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:43pm:

Karnal wrote on Jul 12^th, 2014 at 6:40pm:

Postmodern Trendoid III wrote on Jul 12^th, 2014 at 6:35pm:

Notice how Stiglitz offers no alternative solutions. He thinks money can just keep getting spent.
It's not about emulating the USA anyway. It's about not becoming another Greece or Spain.

I know. What would the former chief economist of the World Bank know about money?

Pathetic, leftards, just pathetic.

His credentials mean little. I've read enough garbage from Doctors and Professors over the years to know titles mean little.

World Bank economist is not a title, Mistie, it’s a role. It demonstrates one’s experience.

Still, what would the World Bank know about development and income distribution?

Your Garbage Professor would be much more experienced in this field, I would imagine.

Cleanliness is next to Godliness, after all.

Of all the snippets I've read of Stiglitz he's not offered any solution. It can be fun and cool to criticize but eventually you've got to offer some solution.

Solution to what? He’s one of a host of economists, financial forecasters, bank CEOs, and world leaders who say Australia does not have any significant economic problems to correct.

Stiglitz is saying that making health, education and welfare cuts to pay off a teenie weenie budget deficit will make us poorer in the long run, not richer. And he’s citing his experience with the US economy as an example of what not to do.

His solution is to not make drastic budget cuts. The problem is not the deficit, but rising inequality levels. Stiglitz is advising Australia not to go down the path of the US.

What solution would you prefer, Mistie?

So we should just keep spending then? Kind of what happened in Greece and Spain.

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Karnal Gold Member Offline Australian Politics Posts: 96921	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #38 - Jul 12^th, 2014 at 8:38pm Are you saying the government should stop spending, Mistie? Please explain.
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Postmodern Trendoid III Gold Member Offline Posts: 10266 Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #39 - Jul 12^th, 2014 at 8:47pm Karnal wrote on Jul 12^th, 2014 at 8:38pm: Are you saying the government should stop spending, Mistie? Please explain. In some areas, yes.
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Postmodern Trendoid III Gold Member Offline Posts: 10266 Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #40 - Jul 12^th, 2014 at 8:51pm The changes in education will be good.
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Karnal Gold Member Offline Australian Politics Posts: 96921	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #41 - Jul 12^th, 2014 at 9:22pm Would you like to elaborate on your view, Mistie?
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Bobby. Gold Member Online Australian Politics Posts: 107506 Melbourne Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #42 - Jul 12^th, 2014 at 10:42pm Tony Abbott will be a one term PM - that's my latest prediction.
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John Smith Gold Member Offline Australian Politics Posts: 75402 Gender:	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #43 - Jul 12^th, 2014 at 10:43pm Karnal wrote on Jul 12^th, 2014 at 9:22pm: Would you like to elaborate on your view, Mistie? with the influx in revenue, the universities will give all their janitors a pay rise
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Karnal Gold Member Offline Australian Politics Posts: 96921	Re: ABBOTT SHOULD RESIGN IN SHAME Reply #44 - Jul 12^th, 2014 at 11:28pm John Smith wrote on Jul 12^th, 2014 at 10:43pm: Karnal wrote on Jul 12^th, 2014 at 9:22pm: Would you like to elaborate on your view, Mistie? with the influx in revenue, the universities will give all their janitors a pay rise Ah. Now I get it.
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