Torneyboy Posted November 18, 2007 Report Share Posted November 18, 2007 If Howard gets back in I think I will move to New Zealand. Why change if it ain't broke?? Economy jobs..never better....the ALP will turn us into a banana republic..(remember him?).. Link to comment Share on other sites More sharing options...
bust Posted November 18, 2007 Report Share Posted November 18, 2007 TB your credibility just took a major dive south. I will educate you tomorrow. Link to comment Share on other sites More sharing options...
sayjann Posted November 18, 2007 Report Share Posted November 18, 2007 i thought this was a thread about the late,great Frankie............disappointed. Link to comment Share on other sites More sharing options...
Torneyboy Posted November 18, 2007 Report Share Posted November 18, 2007 Interest rates have gone to over 10% under all ALP governments ...look out if this mob get in ...hide your money under the bed .. Link to comment Share on other sites More sharing options...
bust Posted November 19, 2007 Report Share Posted November 19, 2007 Interest rates have gone to over 10% under all ALP governments ...look out if this mob get in ...hide your money under the bed .. You seem to forget what they were under Fraser and Howard.............20.8% You take TV commercial as gospel TB.....they are targeted at people like you who do not have the slightest understanding of economic reforms and global economies. Do some research and check the corresponding world interest rate histories. You will see that Government has very little to do with what sets the rates. You cannot single out interest rates alone to pass judgement on a Governments economic credentials. Link to comment Share on other sites More sharing options...
Torneyboy Posted November 19, 2007 Report Share Posted November 19, 2007 They have a history of bad money management.. Link to comment Share on other sites More sharing options...
Torneyboy Posted November 19, 2007 Report Share Posted November 19, 2007 True..governments can't control interest rate rises..i do understand that.. Time will tell i guess. Link to comment Share on other sites More sharing options...
bust Posted November 19, 2007 Report Share Posted November 19, 2007 They have a history of bad money management.. They are big spenders yes.....but think back what they spent it on???????????? Howard and Costello have retired a huge amount of debt....but at a huge social cost. Look at it this way TB.....you want to own a property so you take out a mortgage. Now your in debt but you have an asset. Now if you sell that asset you don't have debt. The other way is to not eat or buy clothes or send your kids to school. now that will save you money. So why the Liberal Party claim the high moral ground on fiscal responsibility.....the fact that they have cut so much funding over 11 years is why our health and education system is in crisis. So much for the Tax reforms (GST).....where did all the money go? Link to comment Share on other sites More sharing options...
Julian2 Posted November 19, 2007 Report Share Posted November 19, 2007 A week's a long time in politics but to be honest I think the media have written Howard off. If they though it was close they'd be behind him 100% as they have been behind every Liberal Government since the '70s. I suspect that the smart people in the Liberal party, and there are plenty of them, can see that things are going to get really bad on a global scale which will reflect on jobs, the economy etc in Australia. Better to let Labour wear the blame for this then the "new" Liberals can "rescue" the country down the track. Money management is just a matter of creative book keeping. I quote a blog from the SMH, unfortunately I've forgotten who to credit it to. "The debt that has ballooned in Australia is foreign debt, ie money we owe to financial institutions and others overseas. Most of this is consumer debt owed to Australian banks, which they borrow from overseas to fund. A trade deficit is the difference between the value of our imports and exports, and is partly responsible for the foreign debt - if we import more than we export, then we have to borrow to cover the difference. Interestingly, the Liberals included foreign debt in their Labor debt truck totals of the past, but now they say it is not a problem, presumably because it has gone from $190m to nearly $600m under Howard and Costello. Yes, the Libs have paid off the government component of foreign debt by increasing taxes (the GST), selling assets (Telstra) and cutting back spending on things like welfare, health, education and infrastructure. In fact, the Libs soon had massive surpluses, which in their wisdom they decided should be used to fund pork barreling at election time in the form of tax cuts and welfare handouts for the middle class and the wealthy. This, in turn, has helped fuel a consumer boom, a rampant housing market and unproductive speculation, resulting in more borrowing, and we are back at debt square one, but trebled. Responsible economic management for the future?" Link to comment Share on other sites More sharing options...
bust Posted November 19, 2007 Report Share Posted November 19, 2007 Looks like something I might have written J2 :grin: Link to comment Share on other sites More sharing options...
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