Thread: Good bye Johny!!!!!!!!!!!

It's amazing the wasted talent on here, many could have jobs as prophets, doomsayers, etc. I'm picturing some of you down the street with sandwich boards "the sky is falling", "hell is nigh", "the devil is among us"

Maybe the wasted talent could be put to good use, go for parliament, many of you seem to know so much about how to run the country.

Originally Posted by DiscoTDI

Its a joy to be a small business owner now

I wonder when they are going to announce the next recesion we have to have

you best go have a little read of australian economic history scott ole mate...

tell me when you think it is that the coalition ever thought of the small end of town as anything other than a by product of the high end of town or cow cocky fodder?

history has it that if it wasnt for keatings recession we had to have au would have been junk, havent seen a respectable commentator yet that says differently.

all this drivel about interest rates as well, give me a break.. howard had em at 22% but the home loan rate was capped at 13.5 or similar but plenty were paying 17-18% and plenty fell by the wayside. on abc four corners i think it was johnny was asked to do a shopping trip for a weeks basic supplies, was an interesting episode.. he didnt have the slightest clue what a loaf of bread was worth...

little johnny bowed out gracefully pity some of party faithful didnt stop and listen..

thanks twitchy, has been a good watch....

dam, pauline missed out ....

Originally Posted by incisor

history has it that if it wasnt for keatings recession we had to have au would have been junk, havent seen a respectable commentator yet that says differently.

Never heard that one before Inc! Not from anyone 'respectable' anyaway. Although sole reliance by Hawke/Keating on the infamous 'prices and incomes accord' almost made us junk.

To simplify everything, one of a govt's job is to smooth out the troughs and peaks of the ecomonic sine wave. Yes, world factors did come into play, the Keating failed to bring in measures to smooth out the peak early enough.

They forgot about a little thing called 'lag' where fiscal measures can take several months/quarters to have an effect. They put the brakes on the economy, but we'd already passed the peak. Thus, the 'brakes' pushed the economy faster down the slide.

We are affected by the world stage, but not at it's mercy numpty. Remember the 'Asian Crisis' a few years back. Weathered that OK.

The stock market losses after 9/11 were worse than 1929. Weathered that OK.

As a small business owner, I have found the howard govt to have been very good. IMO the only business' to fall by the wayside as a result of GST are those that had bad systems or were spending profits they didn't have.

Costello & Co have really done a lot to clean up the Coy tax area for small business. Keating had created an absolute quagmire.

Originally Posted by incisor

thanks twitchy, has been a good watch....

dam, pauline missed out ....

No problems mate, although there is enough Bull***** in this thread to fertilise the simpson desert..........

Originally Posted by Jamo

Never heard that one before Inc!

i heard it again on last nights coverage on two stations, 7 and 2

even mr victoria nodded in agreement

not that i am referring to them as respectable commentators on economics..

i really don't give a twaddle when it is all said and done... i am more into land rovers ...

Originally Posted by Jamo

Never heard that one before Inc! Not from anyone 'respectable' anyaway. Although sole reliance by Hawke/Keating on the infamous 'prices and incomes accord' almost made us junk.

To simplify everything, one of a govt's job is to smooth out the troughs and peaks of the ecomonic sine wave. Yes, world factors did come into play, the Keating failed to bring in measures to smooth out the peak early enough.

They forgot about a little thing called 'lag' where fiscal measures can take several months/quarters to have an effect. They put the brakes on the economy, but we'd already passed the peak. Thus, the 'brakes' pushed the economy faster down the slide.

We are affected by the world stage, but not at it's mercy numpty. Remember the 'Asian Crisis' a few years back. Weathered that OK.

very true, and full credit must go to Mr Costello, but they have dropped the ball badly this year, and their Pork Barrelling while campaigning was jaw droppingly irresponsible.

The stock market losses after 9/11 were worse than 1929. Weathered that OK.

As a small business owner, I have found the howard govt to have been very good. IMO the only business' to fall by the wayside as a result of GST are those that had bad systems or were spending profits they didn't have.

Costello & Co have really done a lot to clean up the Coy tax area for small business. Keating had created an absolute quagmire.

actually, tax law and the levels of compliance have actually increased. I'm a small business operator too and I did much, much better under the tail end of the Keating years with 17.5% interest rates than I have for the last ten, but I'm not going to blame that on Costello and Howard as some of it was self inflicted and some of it circumstances (which one can eventually say self inflicted through the choices one makes)

As much as I can't stand the bloke, Keating laid the foundation for Costello's management, and very little will change under Labor as they have the same people in Treasury and appear to want to follow the same course.
I wouldn't mind betting we only see a watering down of AWA's, not an abolition.

As someone already pointed out, Rudd's missus presides over a huge business, so he knows how business works, she will definately have input in policy and they aren't going to jeopardise the Family income, are they ?

I like Rudd, and hope that he can do as gooder job as he claims he can, Johnny had been in for two long, and if voting Liberal meant Captain Smirk Costcutto getting in as PM then i think i would rather Rudd. The whole Interest rate bull**** is rubbish, John Howard had high interest rate periods as Treasurer, and back then property isnt worth anything near what it is today. Mum and dad owned a $600000 motel when interest rates hit 17% and they managed ok, said motel today is worth well over a million dollars and owning it now would be worse than back then.

Rudd has enthusiasm, sure alot of his staff are Ex Union members but this doesnt mean anything, he has had his plan for work choices out for all to see well before the election and had been upfront with what he has been planning to do for ages, and with the total **** kicking Johnny got yesterday it appears the majority of Australia agree with him.

Politics is like the Toyota v Land rover debate, you have your side and you stick to it, that will never change. Rudd has three years to proove himself, if he does a crap job he will get the **** in the next election.

Question is who is going to lead the Libs for the next 3 yrs Costcutto doesnt want to.

Originally Posted by Ace

Question is who is going to lead the Libs for the next 3 yrs Costcutto doesnt want to.

My guess, Turnbull