Armchair_Politician wrote on Nov 24
th, 2017 at 9:28pm:
Dnarever wrote on Nov 24
th, 2017 at 6:46pm:
Armchair_Politician wrote on Nov 24
th, 2017 at 11:23am:
Sir Grappler Truth Teller OAM wrote on Nov 24
th, 2017 at 11:09am:
Wee Johnnie sold off the furniture and installed tax cuts to the higher paid that have never been undone. Nothing competent about it in any way. He also shop-lifted the Futures Fund to the Caymans to evade tax and put his mate Peter Costello in charge of it at a handsome return, while stinging the lowest paid in the land $12 a fortnight for child support under some delusion of 'responsibility' but really as a measure to help 'his' budgetary problems. He also lead this nation into a 'just 'cause we can' war on false premises.
The sorriest John Howard day was the day he entered politics.
Australia was one of the very few countries to survive the GFC relatively unscathed, thanks solely to John Howard and Peter Costello. The single most stupid, idiotic decision by voters in the last 40 years was to vote in Kevin Rudd. His time as Prime Minister was marked by debt, deficit, out of control spending and thousands of deaths (both Australians and foreigners) as a direct result of his government's policies. He is quite literally our worst-ever PM, which is no easy feat considering most people previously believed Gough Whitlam to be. Julia Gillard was an unmitigated disaster but thanks to Whitlam, she comes in a close 3rd followed by Malcolm Fraser and Paul Keating to round off the top five worst Prime Minister's since Federation.
It was Howard's unafordable tax cuts which meant we came out of the GFC with a decade of deficit Howard threw away the money that could have paid the bills.
Wrong. Wrong. Wrong. Howard could afford the tax cuts because he'd paid off Keatings' debt of $96bn and replaced it with a surplus of more than $22bn. He could afford it because all of his policies were fully funded and paid for with money he did not have to borrow. He could afford it because he wasn't repaying a debt. Those tax cuts you continually mention were introduced long before the GFC even appeared on the radar. The other reason we weathered the GFC is because of changes in our financial sector put in place by Costello, the result of which saw our banks' lending habits come under much more stringent controls than was the case in the US, for example. Tax cuts provide people with more disposable income, which means they can pay down debt and/or spend more. When this occurs, business profits (literally) and the economy booms. This is precisely what we saw happen. You love to mention these supposedly dastardly tax cuts that we could not afford, but you fail to mention that Labor did nothing about them despite being in office for 6 years and having ample opportunity to change or reverse them. Labor did nothing - NOTHING. It was only by the good work done by Howard and Costello that we survived the GFC. We survived, but only just. The incompetence and panic of both Rudd and Swan very nearly brought all of Howard and Costello's work undone through reckless spending (which whittled away the $22bn surplus in record time) and drove Australia into debt. Then, in a colossal blunder, Labor thought it'd be a good idea to send people $300 cheques (with borrowed money, no less) that he wanted people to use to buy stuff but which most people either put into the bank or used to pay down debt. Bravo, Rudd - a real master stroke (not). You love to cherrypick bits and pieces of history to suit your naive and twisted view of the world, but the least you could do is at least get your facts right. Otherwise, you just look like an ill-informed idiot just towing the party line, which is precisely what you are.
Quote:both Rudd and Swan very nearly brought all of Howard and Costello's work undone through reckless spending (which whittled away the $22bn surplus in record time) and drove Australia into debt.
Yet economists agree that to have not acted would have given much worse results, there is nothing surprising about a surplus disappearing in a financial crisis. It would have been unbelievable for this to have not happened irrespective of who was in power yet you typically blame Labor.
Quote:Labor thought it'd be a good idea to send people $300 cheques (with borrowed money, no less) that he wanted people to use to buy stuff but which most people either put into the bank or used to pay down debt. Bravo, Rudd
The money was not borrowed and it was mostly spent into the economy, it made a difference.
Quote:You love to cherrypick bits and pieces of history to suit your naive and twisted view of the world, but the least you could do is at least get your facts right.
My facts are close to the mark, your's are easily shown to be flawed. Everyone cherry picks it isn't possible to post a full history of everything and nobody would bother to read it if you did.
Quote:you just look like an ill-informed idiot just towing the party line, which is precisely what you are.
I feel no need to directly insult you - anyone reading can tell who the ill-informed biased idiot is.
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