"Days after slashing the official interest rate to its lowest level since the depths of the financial crisis, the central bank yesterday cut key growth and inflation forecasts.

It says falling exports will take the heat out of wage growth and consumer confidence is likely to remain in the doldrums.

In its quarterly Statement on Monetary Policy, the RBA tips growth will slow to 3 per cent this year - down from its February estimate of 3.5 per cent - paving the way for further interest rate cuts."

The RBA is clear that external issues are impacting, i wonder what excuses and ignorance the loop's will use to justify blaming the ETS.

http://www.heraldsun.com.au/ipad/rba-slashes-australian-growth-outlook/story-fn6bn4mv-1226347266387

Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea.....

Growth is dead. There will be small rises and dips over the next decade, but ultimately we are moving from a growth economy to a sustainable economy.

The mining boom will bust, then we'll be a zero speed economy.

nairbe wrote on May 6^th, 2012 at 1:38pm:

i wonder what excuses and ignorance the loop's will use to justify blaming the ETS

Does this answer the question?


Andrei.Hicks wrote on May 6^th, 2012 at 1:55pm:

Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea.....

For which they are being compensated via tax cuts Andrei. So there is no overall cost of living increase for them. But don't let the facts get in the way of your drivel.

3 percent growth is not to be sneezed at

Andrei.Hicks wrote on May 6^th, 2012 at 1:55pm:

Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea.....

we went through a big boom too and we couldn't do it then either because we would kill the boom. There is never a good time just a time when someone has the fortitude and vision to take a new direction. But you will never get that.

adelcrow wrote on May 6^th, 2012 at 3:47pm:

3 percent growth is not to be sneezed at

Isn't that in the banana republic range

About time people bite the bullet and start demanding change. Time to get off being reliant on perpetual growth in a finite economy and shift revenue raising to a system like a transaction tax.

nairbe wrote on May 6^th, 2012 at 4:19pm:

adelcrow wrote on May 6th, 2012 at 3:47pm: 3 percent growth is not to be sneezed at Isn't that in the banana republic range

Most of Europe is falling back into negative growth so 3% is good in the current climate

adelcrow wrote on May 6^th, 2012 at 4:33pm:

nairbe wrote on May 6th, 2012 at 4:19pm: adelcrow wrote on May 6th, 2012 at 3:47pm: 3 percent growth is not to be sneezed at Isn't that in the banana republic range Most of Europe is falling back into negative growth so 3% is good in the current climate

Totally my point, i just love those old Keating terms.

Andrei.Hicks wrote on May 6^th, 2012 at 1:55pm:

Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea.....

of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP.

longweekend58 wrote on May 7^th, 2012 at 7:27pm:

Andrei.Hicks wrote on May 6th, 2012 at 1:55pm: Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea..... of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP.

Yep its much better to leave the problem for later when it will be even more expensive and there's been even more irreversible damage done.
Good thinking 99

longweekend58 wrote on May 7^th, 2012 at 7:27pm:

Andrei.Hicks wrote on May 6th, 2012 at 1:55pm: Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea..... of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP.

Yes longy that's right, the past has led to a dead end and those who created the dead end want everyone to freeze and do nothing until they come to the rescue. With what? more cheap credit no one can afford so we can work toward another recession. The ETS is not a tax, it is a major change of direction and re assessment of the way we think about how we treat the environment and how we are actually going to plan for a future without coal and oil which are limited and not going to last forever.

longweekend58 wrote on May 7^th, 2012 at 7:27pm:

Andrei.Hicks wrote on May 6th, 2012 at 1:55pm: Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea..... of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP.

A competent party would not continue to be involved in a scam financial system

adelcrow wrote on May 7^th, 2012 at 7:29pm:

longweekend58 wrote on May 7th, 2012 at 7:27pm: Andrei.Hicks wrote on May 6th, 2012 at 1:55pm: Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea..... of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP. Yep its much better to leave the problem for later when it will be even more expensive and there's been even more irreversible damage done. Good thinking 99

what problem? CO2? you mean the gas that is rising in concentration while temperatures are lowering? that one? or the CO2 that gives live to this planet and we want to al but ban? you mean the CC policies that wil be the huge embarrassment of the 2020s when we explain to our kids that WE didnt believ in that tripe... as temperatures are 2 degrees COOLER than now?

all that aside... your argument was an epic example of shocking logic. you base your entire world-altering belief on an unproven assumption yet dont have the balls to call it so.

nairbe wrote on May 7^th, 2012 at 7:32pm:

longweekend58 wrote on May 7th, 2012 at 7:27pm: Andrei.Hicks wrote on May 6th, 2012 at 1:55pm: Yes because when times are not great and there are already weakening economic signs - introducing a new tax which will raise of cost of living for millions of families is such an excellent idea..... of course! labor wisdom is to bring in a new tax that will hit the economy hard just when the economy is taking a battering. A competent party would at least delay its introduction. But not the ALP. Yes longy that's right, the past has led to a dead end and those who created the dead end want everyone to freeze and do nothing until they come to the rescue. With what? more cheap credit no one can afford so we can work toward another recession. The ETS is not a tax, it is a major change of direction and re assessment of the way we think about how we treat the environment and how we are actually going to plan for a future without coal and oil which are limited and not going to last forever.

advertising copy and nothing more. in the REAL world the carbon tax will make not one iota of difference in emissions - just as it has failed miserably everywhere else. and by using compensation you destroy the very point of a punitive lever to change behaviour.