Thread: a bit of politics

The oppostion claims that we'd be in a better (fiscal) position if they were in power but they don't claim we would not be in deficit. They would not have given all that money away on the fiscal stimulus so debt would be lower, who knows it's all conjecture.

The Hawke/Keating government did good some good things and certainly helped Australia set itelf up for the bull market and commodities boom and helped Australia side step the asian crisis. Deficits under Keating were way too big and we paid in interest rates. My how people forget what it's like paying a 15%+ mortgage. They might get a reminder.

Thatcher and Reagan, were two of the greatest leaders of the 20Century. Now's not the time to go into why, but anybody who walked the streets of London in 1978 and knows what eastern europe was like before Reagan can figure it out.

People bandy about Keynes and his theories of fiscal policy without truly understanding what he was actually on about. This is no crime, it's complicated stuff but one would like one's elected leaders to actually grasp it a little better than Kevin Rudd does. His rantings on capitalism in that article in The Monthly would be laughable if they weren't scary. If he really believes what he wrote then he is a dangerous fool. He probably doesn't though thankfully, it was the Christmas holidays and he thought he'd give himself a good old fondle and publish it, that's the kind of man he is.

This budget is weak as. Rudd and Swan are dwarves next to Hawke and Keating let alone Howard and Costello.

But all that aside, we all see the world differently, I agree with BigJon, the Howard govt got booted because it was time for renewal. And I think that's great. I'm not exactly cheering about it but, in the long run the electorate is smarter than the pundits because to steel from Bob Dylan, the pundits know what we need but the electorate knows what we want.

The theories of macro economics employed by the experts in this world are the one that bought the crisis which is out of the control for the present Government.

It is interesting to know that the "3rd world countries" in South America and only Norway in Europe are the countries that do not are going to suffer so much and have positive outcome.

Also some of the best placed countries in South America are the ones that do not are controlled by the World Bank and the other “expert” organizations.
The budget on these coutries is orientated to look after the poor and the worker and invest in infrastructure.

I am not voted for any of the big two parties but I think that we have to give this Government a fair go considering the situation and how are balancing the expenditure.