Australian Politics Forum - Mr Hockey's tongue might get him tied

bogarde73

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Mr Hockey's tongue might get him tied
Jun 4^th, 2015 at 2:22pm

"Treasurer Joe Hockey is not backing down on his harsh judgment of anyone talking about a looming recession.

A day after he labelled economic doomsayers "clowns", he has told ABC radio "they're complete fools"." AAP

As Mandy Rice Davies famously said, "He would say that wouldn't he".

You'd think he'd be smarter than to commit himself to predictions that are beyond his capacity to know.
Otherwise he could find himself having to use the Keating defence: this is the recession we had to have.
And he doesn't have Keating's superb éclat to pull it off.

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Know the enemies of a civil society by their public behaviour, by their fraudulent claim to be liberal-progressive, by their propensity to lie and, above all, by their attachment to authoritarianism.

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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Mr Hockey's tongue might get him tied Reply #1 - Jun 4^th, 2015 at 2:30pm Indeed ... Hockey’s asked whether there is any wriggle room on reducing the generosity of super concessions ahead of the coming election. The treasurer says the government has made it clear there will be nothing this term. Q: What about a second term? Hockey: We’ve got no plans for a second term.
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crocodile

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Re: Mr Hockey's tongue might get him tied
Reply #2 - Jun 4^th, 2015 at 2:46pm

bogarde73 wrote on Jun 4^th, 2015 at 2:22pm:

"Treasurer Joe Hockey is not backing down on his harsh judgment of anyone talking about a looming recession.

A day after he labelled economic doomsayers "clowns", he has told ABC radio "they're complete fools"." AAP

As Mandy Rice Davies famously said, "He would say that wouldn't he".

You'd think he'd be smarter than to commit himself to predictions that are beyond his capacity to know.
Otherwise he could find himself having to use the Keating defence: this is the recession we had to have.
And he doesn't have Keating's superb éclat to pull it off.

That wasn't a defence. He actually meant it.
As for Hockey. What else can he say.

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Very funny Scotty, now beam down my clothes.

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bogarde73 Gold Member Offline Anti-Global & Contra Mundum Posts: 18443 Gender:	Re: Mr Hockey's tongue might get him tied Reply #3 - Jun 4^th, 2015 at 2:50pm Either way, he carried it off well I thought.
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crocodile

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Re: Mr Hockey's tongue might get him tied
Reply #4 - Jun 4^th, 2015 at 3:02pm

bogarde73 wrote on Jun 4^th, 2015 at 2:50pm:

Either way, he carried it off well I thought.

One thing you'll notice is that the Americans had their inflation under control a full decade before we did.

Much of this is due to the monetary policy of US federal reserve chairman, Paul Volker. His policy was essentially to reduce the money supply causing interests rates to rise. It worked very well. All Keating had to do was wait for the next recession and do the same thing with pretty much the same result. That is, inflation stomped on the head never to return to the previous high levels.

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Very funny Scotty, now beam down my clothes.

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aquascoot

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Re: Mr Hockey's tongue might get him tied
Reply #5 - Jun 4^th, 2015 at 3:26pm

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

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Ex Dame Pansi

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Re: Mr Hockey's tongue might get him tied
Reply #6 - Jun 4^th, 2015 at 3:34pm

aquascoot wrote on Jun 4^th, 2015 at 3:26pm:

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

....and you never saw that coming eight years ago?

Anastacia left the tuck shop, she got a better job as Queensland Premier, we're very happy with her too.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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crocodile

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Re: Mr Hockey's tongue might get him tied
Reply #7 - Jun 4^th, 2015 at 3:47pm

aquascoot wrote on Jun 4^th, 2015 at 3:26pm:

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

Aqua, if interest rates do rise, the dollar is certain to rise in value with it.

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Very funny Scotty, now beam down my clothes.

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aquascoot

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Re: Mr Hockey's tongue might get him tied
Reply #8 - Jun 4^th, 2015 at 3:58pm

crocodile wrote on Jun 4^th, 2015 at 3:47pm:

aquascoot wrote on Jun 4^th, 2015 at 3:26pm:

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

Aqua, if interest rates do rise, the dollar is certain to rise in value with it.

the US rates will go up, the US dollar will go up and ours (as it floats) will go down.
or we will raise them as well and the housing mortgage bubble will be under stress.

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aquascoot

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Re: Mr Hockey's tongue might get him tied
Reply #9 - Jun 4^th, 2015 at 4:01pm

Ex Dame Pansi wrote on Jun 4^th, 2015 at 3:34pm:

aquascoot wrote on Jun 4^th, 2015 at 3:26pm:

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

....and you never saw that coming eight years ago?

Anastacia left the tuck shop, she got a better job as Queensland Premier, we're very happy with her too.

if youre a union shop steward or a bikie, youre happy with her,
no one i know is.
but then i tend to hang out with small business people

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Bam

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Re: Mr Hockey's tongue might get him tied
Reply #10 - Jun 4^th, 2015 at 4:09pm

crocodile wrote on Jun 4^th, 2015 at 2:46pm:

bogarde73 wrote on Jun 4^th, 2015 at 2:22pm:

"Treasurer Joe Hockey is not backing down on his harsh judgment of anyone talking about a looming recession.

A day after he labelled economic doomsayers "clowns", he has told ABC radio "they're complete fools"." AAP

As Mandy Rice Davies famously said, "He would say that wouldn't he".

You'd think he'd be smarter than to commit himself to predictions that are beyond his capacity to know.

As for Hockey. What else can he say.

He could stop the ad hominem attacks and make some remarks about the soundness of the economy.

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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crocodile

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Re: Mr Hockey's tongue might get him tied
Reply #11 - Jun 4^th, 2015 at 4:10pm

aquascoot wrote on Jun 4^th, 2015 at 3:58pm:

crocodile wrote on Jun 4^th, 2015 at 3:47pm:

aquascoot wrote on Jun 4^th, 2015 at 3:26pm:

the head of the fed is going to start raising interest rates at the end of the year.
the funny money will dry up, wall st will sneeze and we'll catch cold.
our dollar will drop and our current account will worsen.
we will be in a better position to export...but export what??

all we have is land and fixed assets and these will become cheaper with a falling dollar.

we will pay for all those schools and hospitals by selling income producing assets.

welcome to the white trash of asia.

hockey belongs with Miss Palachzuk buttering bread rolls at the tuck shop

Aqua, if interest rates do rise, the dollar is certain to rise in value with it.

the US rates will go up, the US dollar will go up and ours (as it floats) will go down.
or we will raise them as well and the housing mortgage bubble will be under stress.

That really depends on the US outcomes. In general, an interest rate rise is caused by reducing the money supply via the RBA's open market operations. With fewer dollars around, like anything else shortened on the supply side, the price will rise.

In recent times our dollar has fallen as interest rates have fallen ( or expected to fall ).

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Very funny Scotty, now beam down my clothes.

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philperth2010

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Re: Mr Hockey's tongue might get him tied
Reply #12 - Jun 4^th, 2015 at 4:57pm

Yes Bogey, since the GFC forces out of the control of the Australian Government have seen growth plummet, yet we see politicians telling us they can fix it with domestic policy which is complete rubbish.

Hockey has not impressed anyone since becoming treasurer. His star has fallen faster than anyone else in Government. Whilst global conditions remain volatile Hockey might well see himself on the back bench as the fall guy.

Huh

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