Australian Politics Forum - Labor nose dive on economic credibility

BatteriesNotIncluded

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Re: Labor nose dive on economic credibility
Reply #45 - Feb 14^th, 2012 at 4:57pm

Andrei.Hicks wrote on 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.

Lol, who saw Q and A last night?

Oh, lol: 'that lady' got so shamed on national TV, lol!

Just so lol!

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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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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Labor nose dive on economic credibility Reply #46 - Feb 14^th, 2012 at 5:11pm I dont think Labor can be blamed for Howards middle class welfare binge. Im in favour of canning every cent spent on middle class welfare in this country. That will put us back into surplus and pay back the debt in a flash.
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Andrei.Hicks

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Re: Labor nose dive on economic credibility
Reply #47 - Feb 14^th, 2012 at 5:29pm

adelcrow wrote on Feb 14^th, 2012 at 5:11pm:

I dont think Labor can be blamed for Howards middle class welfare binge.
Im in favour of canning every cent spent on middle class welfare in this country.
That will put us back into surplus and pay back the debt in a flash.

I presume I am in this category you mention given we received the first homebuyer grant, 5k baby bonus and health insurance rebates.

I can tell you we paid in tax many times that amount into the country to deserve it back.

We also spent it wisely and didn't waste it.

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adelcrow

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Re: Labor nose dive on economic credibility
Reply #48 - Feb 14^th, 2012 at 5:35pm

Andrei.Hicks wrote on Feb 14^th, 2012 at 5:29pm:

adelcrow wrote on Feb 14^th, 2012 at 5:11pm:

I dont think Labor can be blamed for Howards middle class welfare binge.
Im in favour of canning every cent spent on middle class welfare in this country.
That will put us back into surplus and pay back the debt in a flash.

I presume I am in this category you mention given we received the first homebuyer grant, 5k baby bonus and health insurance rebates.

I can tell you we paid in tax many times that amount into the country to deserve it back.

We also spent it wisely and didn't waste it.

Ive never recieved any of that mainly because I was born in an era of only the poor getting welfare.
Middle class welfare tends to be inflationary so it quickly gets eaten up in price increases that would not have occured otherwise.
Take away the welfare and prices will drop accordingly

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BatteriesNotIncluded

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Re: Labor nose dive on economic credibility
Reply #49 - Feb 14^th, 2012 at 7:09pm

adelcrow wrote on Feb 14^th, 2012 at 5:11pm:

I dont think Labor can be blamed for Howards middle class welfare binge.
Im in favour of canning every cent spent on middle class welfare in this country.
That will put us back into surplus and pay back the debt in a flash.

Lauries Oakes has gone to town on Hockey as of late!!

The Libs have no chance with their economic waffle if it remains unchanged!!

I SAFELY PREDICT ABBOTT WILL BE CHANGING HIS FOCUS OF ATTACK... BUT TO WHAT I WONDER???????????

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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BatteriesNotIncluded

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Re: Labor nose dive on economic credibility
Reply #50 - Feb 14^th, 2012 at 7:11pm

Andrei.Hicks wrote on Feb 14^th, 2012 at 5:29pm:

adelcrow wrote on Feb 14^th, 2012 at 5:11pm:

I dont think Labor can be blamed for Howards middle class welfare binge.
Im in favour of canning every cent spent on middle class welfare in this country.
That will put us back into surplus and pay back the debt in a flash.

I presume I am in this category you mention given we received the first homebuyer grant, 5k baby bonus and health insurance rebates.

I can tell you we paid in tax many times that amount into the country to deserve it back.

We also spent it wisely and didn't waste it.

Well, go the rorters!!

Shocked

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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 #51 - Feb 14^th, 2012 at 7:21pm

sAndrei.Hicks wrote on 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.

AUS-terity in the UK, is absolutely the wrong thing, at the wrong time!

AUS-terity in Greece, is absolutely the wrong thing, at the wrong time!

AUS-terity in OZ, will be absolutely the wrong thing, at the wrong time!

Normal core thinking, is for "normal times", but these are not normal times!

As will be borm out in Greece, the UK & elsewhere, AUS-terity will completely screw the Economy,
which is set to go down anyway because of Demographics, Peak Energy, Peak Debt & Climate Change!

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Dnarever

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Re: Labor nose dive on economic credibility
Reply #52 - Feb 14^th, 2012 at 8:00pm

longweekend58 wrote on 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.

Absolute Rubbish.

It was the Tax which Howard had to have - it was purely pushed on his dogmatic driven belief.

Howard gauranteed there would be no impact on Petrol - he was wrong, He gauranteed alcohol prices would not increase and again he was wrong. He had no idea what a lot of the impact was going to be and he didn't care as long as he got his precious tax.

The impact on the economy was much greater than projected by the Liberals and coupled with a weak world economy it almost ended in disaster.

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corporate_whitey

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Re: Labor nose dive on economic credibility
Reply #53 - Feb 14^th, 2012 at 9:59pm

The Political class have run out of steam for austerity economics against low income earners they are all lame duck weaklings now - none more so than the coalition, they are shyte scared of their economic crimes and corruption fast catching up with them...If either party had the guts to implement Austerity reform they would come out openly and declare it to the public, but they wont because they dont have the guts too.
The Wiggles ~ Quack Quack Cock-A-Doodle Do

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World Wide Working Class Struggle

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Dsmithy70 Gold Member Offline ire futuis vobismetipsis Posts: 13147 Newy Gender:	Re: Labor nose dive on economic credibility Reply #54 - Feb 14^th, 2012 at 10:03pm Quote: The Political class have run out of steam for austerity economics against low income earners they are all lame duck weaklings now Check Greece out, they haven't even got started here.
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corporate_whitey

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Re: Labor nose dive on economic credibility
Reply #55 - Feb 14^th, 2012 at 10:31pm

Dsmithy70 wrote on Feb 14^th, 2012 at 10:03pm:

Quote:

The Political class have run out of steam for austerity economics against low income earners they are all lame duck weaklings now

Check Greece out, they haven't even got started here.

They have been at it for three decades, they don't have the nerve to go at it any further. Failed economics and corruption wont wash any more. Grin

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World Wide Working Class Struggle

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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: Labor nose dive on economic credibility Reply #56 - Feb 14^th, 2012 at 10:35pm Where's the conviction - Howard - where you hiddin' at pussy?
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LDiorenderjustcallmeLD

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Re: Labor nose dive on economic credibility
Reply #57 - Feb 14^th, 2012 at 11:09pm

Part of the bigger problem is that you need to look at the Liberal party, the right wing Party. THEY think they know better than anyone, any expert.They’re even better economic managers than Treasury in their own minds. With their costing shown to be full of holes. And their chosen accountants disciplined for unprofessional conduct. Without so much as a whimper from the Press Gallery!

Be aware, and Alert.

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longweekend58

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Re: Labor nose dive on economic credibility
Reply #58 - Feb 18^th, 2012 at 8:20am

Dnarever wrote on Feb 14^th, 2012 at 8:00pm:

longweekend58 wrote on 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.

Absolute Rubbish.

It was the Tax which Howard had to have - it was purely pushed on his dogmatic driven belief.

Howard gauranteed there would be no impact on Petrol - he was wrong, He gauranteed alcohol prices would not increase and again he was wrong. He had no idea what a lot of the impact was going to be and he didn't care as long as he got his precious tax.

The impact on the economy was much greater than projected by the Liberals and coupled with a weak world economy it almost ended in disaster.

The OECD stated that the australian GST was the best-implement consumption tax EVER. and no govt since has had anything but praise for it. even your beloved ALP have stopped calling for its removal onthe basis that it was superb policy!

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Andrei.Hicks

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Re: Labor nose dive on economic credibility
Reply #59 - Feb 18^th, 2012 at 8:36am

longweekend58 wrote on Feb 18^th, 2012 at 8:20am:

The OECD stated that the australian GST was the best-implement consumption tax EVER. and no govt since has had anything but praise for it. even your beloved ALP have stopped calling for its removal onthe basis that it was superb policy!

Well I disagree.
If it had been implemented correctly - then I wouldn't have forked out near-on $90,000 in stamp duty would I?
I thought that was supposed to disappear with the GST?

You'd need more solid statistics than the opinion of one committee.

Here's an example of a solid statistic Longweekend -

ICC Test Championship
Feb 6, 2012 Rankings

1. England

2. South Africa
3. India
4. Australia

5. Pakistan
6. Sri Lanka
7. West Indies
8. New Zealand
9. Bangaldesh

http://www.espncricinfo.com/rankings/content/page/211271.html

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

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