Australian Politics Forum - Labor nose dive on economic credibility

perceptions_now

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Re: Labor nose dive on economic credibility
Reply #30 - Feb 13^th, 2012 at 6:23pm

Maqqa wrote on Feb 13^th, 2012 at 2:38pm:

You can bang all you want about "AUSterity" and references to that UK article but that makes little to no difference

Labor's never had any economic credibility and I wish the win the next 3 elections so they can screw this country good and proper

Your talking about the AUS-terity policies, that the Liberals will bring in when they win their next election, RIGHT?

The fact is that is what the UK Conservatives are currently doing and it is compounding the problems that already exist!

I note that you don't deny that's what the Libs will do AND I note that you don't debate whether AUS-terity will be good OR bad, for the OZ Economy.

And finally, I note that neither you, nor the Liberals have no idea what's happening in the Global or Local Economy!
But, you know what, you're not on your lonesome there, because nor do most Economists & the Labor Party!

As for the rest, it is just more of your usual Political BS!

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BatteriesNotIncluded

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Re: Labor nose dive on economic credibility
Reply #31 - Feb 13^th, 2012 at 6:27pm

Maqqa wrote on Feb 13^th, 2012 at 6:42am:

http://au.news.yahoo.com/thewest/a/-/breaking/12883436/poll-blow-to-gillard-s-ec...

Prime Minister Julia Gillard's credibility as an economic manager has collapsed since she backflipped on imposing a carbon tax, according to the latest Newspoll.

The poll, taken last Saturday and published in The Australian, shows that voters think Opposition Leader Tony Abbott is a better bet at getting the economy moving again.

Mr Abbott now has a nine-point lead over the prime minister on the question of who is more capable of handling the economy - a complete turnaround of Ms Gillard's lead over Mr Abbott in August 2010.

Ms Gillard's economic rating has fallen by 14 percentage points since August 2010 from 48 per cent to 34 per cent while Mr Abbott has gained three points to 43 per cent.

The survey also revealed that Treasurer Wayne Swan is struggling in the economic credibility department and is now neck and neck with his opposite number Joe Hockey as the person seen as the most capable federal treasurer.

As job losses mount around the country and banks lift interest rates despite the Reserve Bank holding the cash rate steady, the federal government's economic standing is dropping away.

Mr Swan's standing as the man steering the wheel of the economy is also under pressure.
He leads his counterpart Mr Hockey by a bare point - 38 per cent to 37 per cent.

VERY INTERESTING QUESTION TIME TODAY!

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*Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) *

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perceptions_now

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Re: Labor nose dive on economic credibility
Reply #32 - Feb 13^th, 2012 at 6:36pm

longweekend58 wrote on Feb 13^th, 2012 at 5:23pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

he actually did something during those boom years. he paid of the debt and the deficit and position the economy to weather the storm. it is not an inconsiderable acheivement.

Yes, I agree and as I have said previously, I rate that as 1 of the 3 best Australian Economic achievements, in recent times, along with the floating of the OZ$ & the introduction of the Super Guarantee!

That said, Howard & Costello had the advantage that the period 1995-2006 were the Peak Baby Boomer years, Globally and whilst they did well, they could have & should have done better, because we won't see those sort of Economic times again, in out life time!

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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: Labor nose dive on economic credibility Reply #33 - Feb 13^th, 2012 at 6:54pm The world will forget HOWARD AND COSTELLO and all their supporters! That is FACT!!
Back to top	Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) IP Logged

imcrookonit Ex Member	Re: Labor nose dive on economic credibility Reply #34 - Feb 13^th, 2012 at 6:57pm Yes and they are now where they belong. In the rubbish bin of history, with their work choices.
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Kat

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Re: Labor nose dive on economic credibility
Reply #35 - Feb 13^th, 2012 at 7:01pm

adelcrow wrote on Feb 13^th, 2012 at 5:32pm:

longweekend58 wrote on Feb 13^th, 2012 at 5:23pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

he actually did something during those boom years. he paid of the debt and the deficit and position the economy to weather the storm. it is not an inconsiderable acheivement.

The same thing Hawke and Keating did during the 80's boom after some very lean Frasier/Howard years. As you know all govts do the same thing depending on where we are in the worlds economic cycle when they get into govt. One thing Howard did that was new was introduce us to massive middle class welfare which now has a whole population addicted to govt handouts.
How was that a responsible way to spend taxpayers money?

It wasn't.

The more so since those who needed and deserved it the most, got the least.

Or got nothing.

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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: Labor nose dive on economic credibility Reply #36 - Feb 13^th, 2012 at 7:12pm These opposing forces to the regressive tax ideal is getting a lot of talk as of late. ABBOTT IS LOSING CONTROL... -->>disintegration is upon him methinks!! GILLARD IS KICKING MAJOR ASS AND HAS HER BACK WAY WAY WAY UP!!
Back to top	Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) IP Logged

Dnarever

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Re: Labor nose dive on economic credibility
Reply #37 - Feb 13^th, 2012 at 8:42pm

Swagman wrote on Feb 13^th, 2012 at 5:31pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

The Howard Govt came to power during the Asian recession it was hardly boom time.

It finished up being a local probelem which had little impact outside of Asia, hardly noticed in Australia.

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Dnarever

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Re: Labor nose dive on economic credibility
Reply #38 - Feb 13^th, 2012 at 8:49pm

longweekend58 wrote on Feb 13^th, 2012 at 5:44pm:

adelcrow wrote on Feb 13^th, 2012 at 5:35pm:

Swagman wrote on Feb 13^th, 2012 at 5:31pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

The Howard Govt came to power during the Asian recession it was hardly boom time. Sad

The Asian recession was not a boom time for Australia either. We certainly paid no debt off during that period and in fact we were one quarter off being in recession ourselves.

otherwise known as NOT IN RECESSION.

I thought that was a bit later following the combination of the US Euro problem with the dot com crash (Bubble) around 2000 combined with the following contraction driven locally by the introduction of the GST.

otherwise known as NOT IN RECESSION. [/quote]

You mean like in 2008/9?

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longweekend58

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Re: Labor nose dive on economic credibility
Reply #39 - Feb 14^th, 2012 at 5:17am

Dnarever wrote on Feb 13^th, 2012 at 8:49pm:

longweekend58 wrote on Feb 13^th, 2012 at 5:44pm:

adelcrow wrote on Feb 13^th, 2012 at 5:35pm:

Swagman wrote on Feb 13^th, 2012 at 5:31pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

The Howard Govt came to power during the Asian recession it was hardly boom time. Sad

The Asian recession was not a boom time for Australia either. We certainly paid no debt off during that period and in fact we were one quarter off being in recession ourselves.

otherwise known as NOT IN RECESSION.

I thought that was a bit later following the combination of the US Euro problem with the dot com crash (Bubble) around 2000 combined with the following contraction driven locally by the introduction of the GST.

otherwise known as NOT IN RECESSION.

You mean like in 2008/9? [/quote]

i am on record as accurately predicting that we would not go into recession. your point?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Dnarever

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Re: Labor nose dive on economic credibility
Reply #40 - Feb 14^th, 2012 at 7:02am

LW

Quote:

i am on record as accurately predicting that we would not go into recession. your point?

Nostradamaweekend.

My point is probably the same as yous was.

Interesting though one near recession was caused by world events and the other was significantly contributed to by government policy.

Funny thing was the the introduction of the GST contracted the economy to near recession - the RBA responded by reducing interest rates to avoid an economic disaster and the Government spun claims of supperior economic credentials based on low interest rates.

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longweekend58

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Re: Labor nose dive on economic credibility
Reply #41 - Feb 14^th, 2012 at 8:06am

Dnarever wrote on Feb 14^th, 2012 at 7:02am:

LW

Quote:

i am on record as accurately predicting that we would not go into recession. your point?

Nostradamaweekend.

My point is probably the same as yous was.

Interesting though one near recession was caused by world events and the other was significantly contributed to by government policy.

Funny thing was the the introduction of the GST contracted the economy to near recession - the RBA responded by reducing interest rates to avoid an economic disaster and the Government spun claims of supperior economic credentials based on low interest rates.

introducing the GST was ALWAYS going to have aone-time affect on GDP. it was anticipated and prepared for. the same reason is why you sill see special references in treasury figures regarding CPI at that time and other figures. Unlike labors fiascos, the liberals fully expected and prepared for it and it turned out EXACTLY as planned.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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perceptions_now

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Re: Labor nose dive on economic credibility
Reply #42 - Feb 14^th, 2012 at 8:32am

longweekend58 wrote on Feb 14^th, 2012 at 5:17am:

Dnarever wrote on Feb 13^th, 2012 at 8:49pm:

longweekend58 wrote on Feb 13^th, 2012 at 5:44pm:

adelcrow wrote on Feb 13^th, 2012 at 5:35pm:

Swagman wrote on Feb 13^th, 2012 at 5:31pm:

adelcrow wrote on Feb 13^th, 2012 at 5:16pm:

As you know Longy the boom times had nothing to do with Howard unless you are claiming he was responsible for the massive debt and over spending in the USA and Europe which drove Chinas economic boom which in turn drove up demand and prices for our resources.
In what way was Howard responsible for the global growth and debt that was the engine room for the boom years?

The Howard Govt came to power during the Asian recession it was hardly boom time. Sad

The Asian recession was not a boom time for Australia either. We certainly paid no debt off during that period and in fact we were one quarter off being in recession ourselves.

otherwise known as NOT IN RECESSION.

I thought that was a bit later following the combination of the US Euro problem with the dot com crash (Bubble) around 2000 combined with the following contraction driven locally by the introduction of the GST.

otherwise known as NOT IN RECESSION.

You mean like in 2008/9?

i am on record as accurately predicting that we would not go into recession. your point? [/quote]

Just a couple of points -
1) The world has never got out of the current Recession.
2) Australia, as has been pointed out, went into Debt to the tune of 15-20% of GDP, in an effort to stay out of Recession and that effort is now in the process of failing, which is what would have happened irrespective of whether Labor or the Liberals were in power!

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BatteriesNotIncluded

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Re: Labor nose dive on economic credibility
Reply #43 - Feb 14^th, 2012 at 4:28pm

Dnarever wrote on Feb 14^th, 2012 at 7:02am:

LW

Quote:

i am on record as accurately predicting that we would not go into recession. your point?

Nostradamaweekend.

My point is probably the same as yous was.

Interesting though one near recession was caused by world events and the other was significantly contributed to by government policy.

Funny thing was the the introduction of the GST contracted the economy to near recession - the RBA responded by reducing interest rates to avoid an economic disaster and the Government spun claims of supperior economic credentials based on low interest rates.

THIS IS POLITICAL HISTORY!

THE HOWARD-ERA HAS BEEN WELL AND TRULY LAMPOONED Grin

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*Sure....they're anti competitive as any subsidised job is. It wouldn't be there without the tax payer. Very damned difficult for a brainwashed collectivist to understand that I know.... (swaggy) *

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Andrei.Hicks

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Re: Labor nose dive on economic credibility
Reply #44 - Feb 14^th, 2012 at 4:55pm

Austerity measures are exactly what is needed in the UK and I support what David Cameron did.

Much like in Australia, Labour Governments have an intrinsic dislike of those of us in the middle income bands. They always overspend on social programs aimed at the deadbeats and lower people.

Then we end up in debt and have to cut back.

Swings and roundabouts.

Core thinking though is not to overspend and when you do, cut back on spending. - particularly totally over the top social spending.

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

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