Sprintcyclist wrote on Jul 8
th, 2016 at 1:00pm:
juliar wrote on Jul 8
th, 2016 at 12:27am:
...............the glaringly obvious fact that the AAA credit rating shock is a direct result of the willfully grossly irresponsible economic vandalism that occurred during the six years of Krudd/Gillard/Krudd criminal neglect of public responsibility.............
.............Labor vandals stuffed it..........by borrowing a GIGANTIC amount of foreign debt.............
............the LNP started with an empty cash box and falling mining exports and they had to deal with a Senate who refused to pass absolutely essential legislation.............
..........the LNP's hands were tied when they tried to implement the very economic measures the AAA credit rating is crying out for them to do........
though I do find juliar a wee bit biased, the points stated here are just plain economic facts
No they're not. It's just regurgitated Coalition bullsht. I have highlighted all the points that are accurate. None of them.
Sprintcyclist wrote on Jul 8
th, 2016 at 1:00pm:
I have abbreviated some for clarity.
the message is the same
Australia achieved a AAA rating with all major ratings agencies when Labor was in office. If there was a problem with Labor's management, this wouldn't have happened.
The warning came on the Coalition's watch after three years of reckless politicking where the Coalition proposed ideologically-driven measures that had no hope of passing the Senate. The 2014 Budget was the worst Budget in a generation and that's why most of the measures were rejected. The Coalition should learn to propose less controversial measures that have wider support.
Be realistic here. The Coalition have gone to a DD election because they refused to work with the Senate, almost ended up losing government, will lose up to four Senate seats and they will end up with an even more hostile Senate. The problems with the Senate will be of the Coalition's own making. The Coalition have two choices: learn to work with what they have, or the Australian people will vote in a new government at the next election who will work better. If the Coalition cannot govern effectively, soon they won't be governing at all.