Not sure if you saw his lateline interview back in May when he talked about what to do for the people that outlive what their superannuation can fund but it was great. Here's an article about it
http://www.smh.com.au/federal-politics/political-news/paul-keating-calls-for-longevity-levy-to-support-seniors-20140509-zr792.html

It was so refreshing to see someone talk through a policy without 3 word catchphrases.

seems that way :cry:

how pathetic ;)

LOL....OR you are to stupid thinking he is anything but a bitter, arrogant self indulged scare mongering potty mouthed shit stirrer.......

really how he can pretend to stand for working class people when he is a blatantly a corrupt capitalist beggars belief......and who's previous business dealing have left a swath of destruction.....

fuck your a sook

-PB

cry me a river you sad Kunt....;)

He does make the current era of MPs look good. Keating did stab Hawke in the back in December 1991 though. And fluked his way through the 1993 election.

not to mention giving us the recession we had to have, 17% interest rates and record inflation and unemployment....but hey he is awesome.....;)

Who would have thought that radically reforming the economy to set it up to have 20 years of continuous growth would have some side effects while it was being put in place ;)

TBF, interest rates were 21% in 1982 under Fraser with Howard as Treasurer.

Not that the parties have much control over central bankers...

Shhhh...! Don't upset the revisionists.

they averaged 12% under Fraser/howard

Ok now give us the average for Keating / Hawke. You're not comparing apples with apples.

peaked at 13% when howard was treasurer, peaked at 17% under keating

Edited by batfink: 5/9/2014 02:27:27 PM

Can you not read the above where it says interest rates hit 21% when Howard was treasurer?

yes i can,, but it's not true

Interest rates hit 21.39% in April 1982.

not in the source file i am referencing, what source are you utilising???

in April 1982 the rate was 13.50%

Housing interest rates were capped at the time. So a direct comparison of housing rates is invalid.

Interest rates were capped at 13.5% until April of 1986.

http://www.rba.gov.au/speeches/2010/sp-ag-300310.html

really, so the fact that under keating the housing rates being 17.5% is irrelevant?? fuck ask the 1,000's of people who lost their houses or were affected by the financial fallout that......

and the argument has been about housing rates

http://www.loansense.com.au/historical-rates.html

No it's not irrelevant. What's irrelevant though is that you're saying there were higher interest rates for housing under Labour which is technically true but disingenuous as under Howard they were capped and not subject to market forces.

The comparison is unfair and not legitimate.

As you would no doubt know a large proportion of interest rates are at the behest of forces outside the government's control. This is why I don't crap on about Howard's massive 21% bank interest rates and get the shits when people bang on about Keating's 17.5% housing interest rates.

Oh, and if we're asking those affected by Keating's high interest rates you should ask all the people that were affected by the 12.5% inflation that followed Howard's record interest rates.

The good ol' days eh?

http://www.abc.net.au/7.30/content/2006/s1705542.htm

http://en.wikipedia.org/wiki/John_Howard

The economic crises of the early 1980s brought Howard into conflict with the economically conservative Fraser. As the economy headed towards the worst recession since the 1930s, Keynesian Fraser pushed an expansionary fiscal position much to Howard's and Treasury's horror. With his authority as treasurer being flouted, Howard considered resigning in July 1982, but, after discussions with his wife and senior advisor John Hewson, he decided to "tough it out".[20] The 1982 wages explosion—wages rose 16 per cent across the country—resulted in stagflation; unemployment touched double-digits and inflation peaked at 12.5% (official interest rates peaked at 21%).[26]

I don't need to ask anyone i lived through both governments and know how it was, remember who was the government who fucked up the economy just prior to Fraser??? just like the Government who fucked up the economy prior to Abbott.....

same old same old.........cycle of debt and mismanagement..........

How do you rate Abbott so far, Finky?

pretty average.......

Just realised that batfink is a pissist :lol:

-PB

Well I lived through it too but I'm not rewriting history to suit the narrative.

If you want to engage in constructive debate you have to be willing to concede to facts occasionally.

Personally I blame Menzies for starting the whole shitfight off.

That's a joke Finky but exactly how far back do you want to go? Abbot blames Gillard/Rudd, Rudd blames Howard, Howard blames Keating, Keating blames Hawke, Hawke blames........and on it goes.

If the Liberals want to throw shit about interest rates all over the place then they have to be able to cop it too.

well the FACT is housing interest rates, (yes we have been talking housing interest rates) were higher under keating than howard.......that is a fact.....like it not, it's a fact, and under Fraser/Howard they were lower, simple fact again, i agree it's impossible to compare due to the cap, i am not pushing anyones barrow just stating a FACT.......

and when ANY political party start quoting interest rate figures during elections it pretty much a given they are talking HOUSING interest rates so the general public (voter) is swayed or convinced to vote in a particular fashion.......

#FACT

So would you support legislation being reintroduced to cap housing interest rates?