election poll

interest rates will continue to rise regardless of who gets in.
The Reserve has to keep upping them to reign in the profligate spending promised during the campaign, particularly by the Coalition ATM.

Howard was a numpty (sorry Mr & Mrs :D) claiming before the last election that he would keep interest rates down, and so was the electorate by buying the BS.
The the only control he has is monetary policy, the Reserve Bank independently sets interest rates and their main focus is the control of inflation.
If the Coalition actually gets back in and implements the spending they have promised (and they'd be mad if they did) say hello recession.........

Quote:

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Originally Posted by rick130

interest rates will continue to rise regardless of who gets in.
The Reserve has to keep upping them to reign in the profligate spending promised during the campaign, particularly by the Coalition ATM.

Howard was a numpty (sorry Mr & Mrs :D) claiming before the last election that he would keep interest rates down, and so was the electorate by buying the BS.
The the only control he has is monetary policy, the Reserve Bank independently sets interest rates and their main focus is the control of inflation.
If the Coalition actually gets back in and implements the spending they have promised (and they'd be mad if they did) say hello recession.........

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Hmmm, why am I reminded of Clarke and Dawe right now?
:D:D

Agreed
I was only saying to the misses that what were labour going to say when they are still going up in March next year:)
After all basic econmics tells you that labour work on the basis that they want to keep umemloyment down (Monarty Policy) as low as poss. as they are for the workers :angel:. BUT. the problem with economics is that the interest rates and unemployment are related. If unemployment is down then most are earning, and therefore spending which in turn sends up inflation. The way to get inflation down is to take money out of the econmy. and the fastest way to do this is with interest rates. So the raise in rates is our fault and not the fault of who ever is in power.:) We are spending far too much :)

Labour tend to work on Monatary policy which means keep unemployment down, and the liberals work on Fical ploicy which means keep inflation down.
This is why in the past labour has had high interest rates, and the liberals high unemployemt
But as time goes by these two parties have got cloer and closer to the same sort of policy as far as it comes to this .
It is almost impossible to get both inflation, intersest rates, and unemployment down all at the same time . Inflation and unemployment are like a see saw.

But al goverment parties these days tend to work to getting both down.

But finally expect the interest rate still to go up with labour in charge (to be fare same with liberals). Least untill they have taken enough out of the economy to stop people spend. But do too much inflation goes down but companys go bust and people lose their jobs and unemploymet goes up

So to sum up who ever gets in interest rates will go up . So don't base your vote on that Labour will not put up interest rates as you will be pi**ed of when they do :)

Well I just voted so got a look at the results of our poll

and can I say I am stuned and amazed there must be a lot of school and soccer moms on this site and not many people who actuley do what they proport tto do

"love the bush, camping 4wheel driveing "ect

how in the seven wonders can people vote for someone who takes away all of the things we suposedley like doing......

fishing,wheeldriveing,shooting,

but there again I answered that question in the second paragraph...

not to mention a bloke who says give me the job but hang on sorry I'll only do it for a bit to bump up my super befor handing off to my good buddy smile a lot

I wonder what the austrailans of 60 years ago would have thought as they were defending our rights with there blood if they could only see there country now...

we need a world wide culling............

The views expressed above are my opinions only no offence is intended or expressed

Tony

I remember when the opposition was in power, and all I can say is: If it ain't broken, don't fix it!

And as for the current treasurer, don't be too sure that he'll become leader, he has some very strong opposition inside the party, and he is one of the reasons JHo is sticking around, until he can get rid of him.

we need a world wide culling............

don't worry, it's coming.

The "go for growth" fiscal gurus will see to it.

Communism died because it did not tell the economic truth.

Capitalism will die because it does not tell the environmental truth.

infinite growth on finite resources is impossible. to go about business as if you can consume resources like they are unending is just leaving the following generations with the clean up bill and nothing to fund it with.

The purpose if Government is to provide long term vision and leadership, to regulate community action to achieve long term goals. This can not be left to the free market economy driven buy short term profiteering, no matter what Mr Costello says.

Quote:

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Originally Posted by Lucy

I remember when the opposition was in power, and all I can say is: If it ain't broken, don't fix it!

And as for the current treasurer, don't be too sure that he'll become leader, he has some very strong opposition inside the party, and he is one of the reasons JHo is sticking around, until he can get rid of him.

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Yeah agree too. There is another saying too.

Better the devil you know.

When John Howard was treasurer and Malcolm Fraser was the PM, the cash rate was 22%; that government legislated to cap the home loan rate at 13.5%.

And Howard reckons Labor has an interest rate problem...

I seem to recall that Paul Keating made a 'promise' in the early nineties that the Pacific Highway would be dual carriageway from Newcastle to the QLD border by year 2000.

Pollies.......

GQ

G'day Quiggers :)

Ooh! so VERY True!!!!!!!! Would you buy a Vacuum Cleaner from Capt.Smirk??????????? ;)


cheers

"If it ain't broken, don't fix it!"

The country and the economy is doing pretty well. That is little to do with tis government.

Global demand for resources is driving the wealth, labour market reforms instigated by Hawke and Keating allowed our industries to take advantage of it.

little lying Johnny has taken advantage of the windfall and used it each election to buy votes. Fortunately, the voting public is no longer falling for it.

AND I think the Libs are deliberately trying to loose this election because it is all about to fall down and they don't want to be there when it happens.

Take a look at GDP verses private debt over Johnnys reign. National income and private incomes have gone up, but private debt has grown even faster.

As the economy heats up, the Reserve will keep upping the ante to force less spending and that is going to hurt the punters and Mr "record low interest rates" won't want to face the music on that.

Labor will get in and it will be their fault, not liberals squandering of a boom opportunity.