Thread: Crudds Gone

Originally Posted by VladTepes

And so we come up against Godwin's law.

You are kidding, I hope.

You're right, not a good comparison, how about, further right than those bible bashing, God fearing, middle Americans that believe that Obama is related to Osama and that a black man has no right to be president, Regards Frank.

Originally Posted by vnx205

So what I always suspected is true then, "Yes Minister", "Yes Prime Minister" and the Australian TV series "The Hollowmen" were documentaries.

Funny you should mention that, it's what I've been watching over the past couple of weeks!!

And of course, the Handbook is "How to be a Megalomaniac", by Mungo McCallum.
(From which I deduce Rudd wasn't a real one, otherwise he would have gone to Yarralumla rather than Caucus this morning!)

Oh, and my only other comment is that I like the quote from Douglas Adams, which says, in summarising the summary: "anyone who is capable of getting themselves made President should on no account be allowed to do the job."

Yet only 2 weeks ago Ms Gillard was very adamant in the media that she was not interested in assuming the position of PM, nor would she be pursuing the position ...

... and here we are today ? You gotta wonder ? ... more broken promises ... lies ... led by the nose ... ?

A TEN new poll of 27,000 people todays shows 73% of those polled would NOT vote for Labor with Ms Gillard as PM, 27% would ... it's only a Poll ...

... here comes the BIG sell

... and the political circus continues.... sigh

Kev..

Originally Posted by rick130

Monetary policy and Fiscal policy are two totally different things.

The Reserve Bank controls interest rates and is totally independent of the Federal Govt.
Its primary concern is inflation and the control thereof.

The Federal Govt contols Fiscal policy, its primary way of influencing that is income and expenditure, or taxation and spending.
Treasury can only influence interest rates in a very abstract manner, the markets are the major influence on the Reserve.

In a nutshell private spending dried up so the Feds spend up, it's a classic response to a recession as I've already posted earlier in this thread, although the manner in which the money was distributed could have been a done a lot better, but hindsight is always 20/20

As I said earlier it has been argued by some economists that had Costello and Howard actually banked the surpluses that should have been banked way back whenever rather than buying elections with cash handouts in a very cavalier manner, the country could have been in a much better position.

It all comes down to everyone's biases and how we view things

The govt of the day does have some 'sway' with the Reserve. It doesn't act entirely arbitrarily in such circumstances; and indeed would be very very foolish to do so.

IMHO the RBA governor has similar personal issues to Mr Rudd.

Unfortunately, if one has a theory, then one can find an economist to support it!

I have just watched on Ch 9 Julia Gillard in an interview ..all I can say is watch out Abbot.what a difference she is to Rudd.. completely working class no ****..no spin..not like Kevin..not like Johhny..all far right conservatives will have to watch their backs..seig heil.. those ideologies will not work any more.As for her political speak again no spin no bull****. I think for once the powers to be in the labor party have made the right move.Do we want any more of Howard style politics ,did the Australian voting public ever vote for GST if so maybe I slept in on that one we have had enough of that ****, did we give them the OK to bring in workchoices No way ,did it work for all,no way..mates in WA have told me that They encountered.this and I quote..".Sign this if you don't you don't you get this T shirt". What the hell is that for employees .do we go back 100 years in time to just get a job,I sincerely hope not. I see on this forum for a call for lying "Johhny" to be bought back geez what for I suppose for "seig Heil" Even when he was treasurer he stuffed Australia
Go Julia.Australia just back her..I honestly think she is the way to go..at the present
Geez Australia lets pull together for once and make our country to what it should be and forget all the crap that goes with political bull****.
I came back from army service in the sixties and kissed the tarmac in Townsville when I hit the soil of my wonderful country again ( alive)

It really is not that hard.

John
Cheers to all you ol'digs,
John

Originally Posted by CraigE

We have the resources but not a lot of down stream processing and this is not the fault of the miners, but the fault of the governments and world economies that make it uneconomic to process and produce items in Australia.

Not the fault of the miners as you say but not the fault of governments either, at least in the case of the iron ore industry. Part of the requirements to mine iron ore in WA involved undertakings by BHP and Rio Tinto to establish downstream processing of iron ore in WA.

In part, to comply with these obligations, BHP built the Port Headland HBI plant, Rio developed and built the Kiwinana HiSmelt plant.

Of course world economic realities impacted on both plants but that is another story.

Originally Posted by Jamo

KRudd (and to some extent the Reserve Bank) made a fundamental mistake in dealing with the GFC.

The IMF instructed countries to engage in massive expenditure/incentive programmes to mitigate the worst effects. KRudd listened and obeyed blindly.

Australia, unlike the majority of the western world, had relatively high interest rates at the time (some would now argue that they were too high, but that's another argument).

The rest of the world had to engage in spending because they had virtually no room to lower rates. Australia on the other hand had plenty of room. We should have lowered rates substantially before looking at expenditure and handouts. They were lowered, but nowhere near far enough.

Yes, on the surface Krudd did get us through the GFC, but at what cost? We now have massive debt. The immediate effects of the GFC may have been mitigated, but the resultant debt will cause some very serious aftershocks.

ere i

Bull****....ultra right wing conservative crap. In the real world it did not happen that way.. which countries came out of the GFC ..certainly Australia did. How did the rest of the world fare.i.e.the UK.? Mate if you are a newcomer to this wonderful country..go back. If not I fear for you.

Originally Posted by Lotz-A-Landies

No I'm not kidding.

Just do some research about Thatcher!

Yes she did close most of the coal industry and put whole communities out of work and yes she did sell off the nationalised industries. But that is not a bad thing, British coal was expensive to extract, almost exhausted and was heavily polluting high sulphur coal. The auto industry was moribund and only kept alive by the life support machine of the British taxpayer. Had her reforms not been implemented, the U.K. today would be in a state not dissimilar to Greece and Spain needing to be bailed out by the EU.

Even some of her most vocal critics like Tom Robinson say "Nonetheless it's an uncomfortable fact, even for those of us who violently disagreed with her, that Britain is overall a more vibrant and prosperous society than in 1979, even if its inequalities are greater. " BBC NEWS | Politics | Evaluating Thatcher's legacy

Even in polls including Thatcher, Blair and Brown where respondents were asked "which politician at the height of their powers would you chose to be prime minister" Thatcher was ahead of her closest rival (Blair) by 35% (20:27) Voters prefer Thatcher and Blair to Brown, poll finds | Politics | guardian.co.uk

How long since you have been to Birmingham e.g. and seen the miles upon miles of the factories that her government and her polices shut down.
Shame Shame shame