The Australian Politics thread: Prime Minister Anthony Albanese


The Australian Politics thread: Prime Minister Anthony Albanese

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paladisious
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Enzo Bearzot - 16 May 2019 8:24 PM
I hope Labor wins.

The stupid Left many of whom have never known real economic hardship need to live it. 

No good telling them about it-people who only ever known good times don't know how good they have it until they get fucked over.

Well you had a chance with the Global Financial Crisis, but fortunately Labor kept us safe from that at the time.
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paladisious - 16 May 2019 8:36 PM
Enzo Bearzot - 16 May 2019 8:24 PM

Well you had a chance with the Global Financial Crisis, but fortunately Labor kept us safe from that at the time.

Cmon man.  I worked in retail and public were having a laugh.  The GFC mean nothing to Australians but free TV;'s from the guvmit.  That Labor then made someone else pay for later..an even bigger joke.
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Enzo Bearzot - 16 May 2019 8:55 PM
paladisious - 16 May 2019 8:36 PM

Cmon man.  I worked in retail and public were having a laugh.  The GFC mean nothing to Australians but free TV;'s from the guvmit.  That Labor then made someone else pay for later..an even bigger joke.

Worked in retail but still doesn't understand how people spending money stimulates the economy after claiming that Labor are exploiting financial illiteracy.



Insert Gertjan Verbeek gifs here

Edited
6 Years Ago by mcjules
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Enzo Bearzot - 16 May 2019 8:24 PM
This is the worst Liberal gov't in living % memory.  Thoroughly unlikable MP's and Labor should be smashing them.

Latest poll is 51-49 Labor.  As far as Labor is concerned that is just awful.

But it tells us just how divisive Shorten and Bowen and their Leftist Socialist entourage and policies really are.

Labor is not a party that will rule for Australians.  It is a party that thrives on the politics of envy, class warfare, division as it turns young against old, low income against middle income, and its a party that does so with Orwellian double speak (keeping tax paid when none is due is "closing a loop hole" and not theft that it is, keepign more of your own money is "welfare", funding your old age makes you a welfare dependent but sucking of the pension is a virtue), misinformation (ala imputation) and even outright lies, by exploiting the political and financial illiteracy of the masses that vote for them

But you know what?

I hope Labor wins.

The stupid Left many of whom have never known real economic hardship need to live it. 

No good telling them about it-people who only ever known good times don't know how good they have it until they get fucked over..  Its been that long since we had a "recession we had to have" its just something they read about once, somewhere.  That fascism and its first cousins socialism and communism weren't that bad, and anyway, they weren't the real deal so THIS time it will be different.

We live in interesting times.

Pretty much this.

I had a business in debt and was paying 19% in interest at one point under Keating.

We need some hardship in this country like 18% unemployment too to understand. The ALP is not the party that can deal with this or make Australians prosper and have a job.

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johnszasz - 16 May 2019 8:24 PM
I was born during Hawke's tenure but have never really read up on his work. Objectively, what were his feats and failures? Many seem to have fonder memories of him and the country seemed quite united back in those days. Happy to read anecdotes. 

Bob Hawke was ok, but there was very high unemployment (depression at one point) and Keating gave us 18% interest rates.

they did however do some pretty clever things such as float the currency, and introduce super.

Hawke was about 1000 times better than Shorten.

Shorten is going to be very terrible for this country and very divisive. It's going to be very sad.

Hawke was ok. Shorten isn't.

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paladisious - 16 May 2019 8:36 PM
Enzo Bearzot - 16 May 2019 8:24 PM

Well you had a chance with the Global Financial Crisis, but fortunately Labor kept us safe from that at the time.

The reality is that it was actually Howard that saved us from the Financial Crisis because he delivered financial surpluses year after year.

He put money in the bank and got rid of all the debt.

When Rudd and Gillard got in, they spent all the money that was in the Bank, built up a huge deficit and gave us 300 Billion in debt from nothing.

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mcjules - 16 May 2019 9:17 PM
Enzo Bearzot - 16 May 2019 8:55 PM
 60
Worked in retail but still doesn't understand how people spending money stimulates the economy after claiming that Labor are exploiting financial illiteracy.


eye roll.

Because it made no difference.  People were spending before, during and after the GFC.  They were laughing their heads off at the utter stupidity of being given free money.  Well most of were.  Some who knew they would be the ones who would paying for it later were not laughing at all.  They knew what was coming,

This is how effective Labors free money was:  The GFC epicentre was the US.  The Dow was about 14,000.  Dropped to 6000.  Its now 25500.  The ASX was 6700.  Dropped to a out 3500.  Its now at 6300.  We've gone nowhere.  The US has nearly doubled.

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mouflonrouge - 16 May 2019 9:37 PM
johnszasz - 16 May 2019 8:24 PM

Bob Hawke was ok, but there was very high unemployment (depression at one point) and Keating gave us 18% interest rates.

they did however do some pretty clever things such as float the currency, and introduce super.

Hawke was about 1000 times better than Shorten.

Shorten is going to be very terrible for this country and very divisive. It's going to be very sad.

Hawke was ok. Shorten isn't.

Hawk was a unifying Prime Minister.  He would not recognize today's divisive Labor party.  He knew to that the best way to help people is help them help themselves.  Don't cut them down when they get up. 

Shorten makes an pariah of anyone who managed to get up.  Not on the pension, or welfare?  You're the Top End of Town!. The Top end of Town is anyone who has more than you.

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mouflonrouge - 16 May 2019 9:39 PM
paladisious - 16 May 2019 8:36 PM

The reality is that it was actually Howard that saved us from the Financial Crisis because he delivered financial surpluses year after year.

He put money in the bank and got rid of all the debt.

When Rudd and Gillard got in, they spent all the money that was in the Bank, built up a huge deficit and gave us 300 Billion in debt from nothing.

From nothing...

From the fucking GFC lol

-PB

https://i.imgur.com/batge7K.jpg

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Enzo Bearzot - 16 May 2019 9:41 PM
mcjules - 16 May 2019 9:17 PM

eye roll.

Because it made no difference.  People were spending before, during and after the GFC.  They were laughing their heads off at the utter stupidity of being given free money.  Well most of were.  Some who knew they would be the ones who would paying for it later were not laughing at all.  They knew what was coming,

This is how effective Labors free money was:  The GFC epicentre was the US.  The Dow was about 14,000.  Dropped to 6000.  Its now 25500.  The ASX was 6700.  Dropped to a out 3500.  Its now at 6300.  We've gone nowhere.  The US has nearly doubled.

eye roll.

Newsflash, people would have stopped spending. That's what happens in a recession. It's not like the $900 is the only thing that was done to stimulate the economy as well.

And :laugh: at comparing the ASX to the Dow. 

Insert Gertjan Verbeek gifs here

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johnszasz - 16 May 2019 8:24 PM
I was born during Hawke's tenure but have never really read up on his work. Objectively, what were his feats and failures? Many seem to have fonder memories of him and the country seemed quite united back in those days. Happy to read anecdotes. 

You're not going to get an objective opinion here :) There will be plenty of articles written about his life over the coming weeks. Will post some good ones here when I find them.

Insert Gertjan Verbeek gifs here

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paulbagzFC - 16 May 2019 9:50 PM
mouflonrouge - 16 May 2019 9:39 PM

From nothing...

From the fucking GFC lol

-PB

So they went and splurged some more.

Build up a deficit with handouts which now has to be paid back at some point and it's gonna cost about 200 times more than $900.

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mcjules - 16 May 2019 9:52 PM
Enzo Bearzot - 16 May 2019 9:41 PM

eye roll.

Newsflash, people would have stopped spending. That's what happens in a recession. It's not like the $900 is the only thing that was done to stimulate the economy as well.

And :laugh: at comparing the ASX to the Dow. 

No they wouldn't have stopped spending. I know what a real economic collapse looks like. I was there in 1987.  The mood in 2007 was bouyant and completely different.
No-one was feeling concerned. It was one big joke. 

Whose comparing the ASX and Dow, numbnut?  I'm comparing each of their subsequent course.

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Enzo Bearzot - 16 May 2019 9:46 PM
mouflonrouge - 16 May 2019 9:37 PM

Hawk was a unifying Prime Minister.  He would not recognize today's divisive Labor party.  He knew to that the best way to help people is help them help themselves.  Don't cut them down when they get up. 

Shorten makes an pariah of anyone who managed to get up.  Not on the pension, or welfare?  You're the Top End of Town!. The Top end of Town is anyone who has more than you.

I agree with that.

I don't believe Hawke actually agrees or supports today's ALP or Shorten.

Hawke would be a lot more at home in the Liberal party, but he can't exactly say it. Keating as well are a lot closer to Morrison than he is to Shorten.



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paladisious - 16 May 2019 8:36 PM
Enzo Bearzot - 16 May 2019 8:24 PM

Well you had a chance with the Global Financial Crisis, but fortunately Labor kept us safe from that at the time.

The GFC was really a European and North American phenomenon, Asia and the rest of the world was mostly insulated from the effects of the GFC.  Also Australia was the only country in the OECD to have negative net debt, enabling our government to borrow heavily to stimulate the economy, a consequence of the Liberal government delivering 9 of 11 budget surpluses during their tenure. Trust me, it wasn’t gold batts, school balls and cheques being sent through the mail that saved our hides, it was careful fiscal management and budget restraint in the preceding years.

Edited
6 Years Ago by rusty
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rusty - 16 May 2019 10:27 PM
paladisious - 16 May 2019 8:36 PM

The GFC was really a European and North American phenomenon, Asia and the rest of the world was mostly insulated from the effects of the GFC.  Also Australia was the only country in the OECD to have negative net debt, enabling our government to borrow heavily to stimulate the economy, a consequence of the Liberal government delivering 9 of 11 budget surpluses during their tenure. Trust me, it wasn’t gold batts, school balls and cheques being sent through the mail that saved our hides, it was careful fiscal management and budget restraint in the preceding years.

yep, it was Howard and Costello!

Edited
6 Years Ago by mouflonrouge
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Enzo Bearzot - 16 May 2019 10:08 PM
mcjules - 16 May 2019 9:52 PM

No they wouldn't have stopped spending. I know what a real economic collapse looks like. I was there in 1987.  The mood in 2007 was bouyant and completely different.
No-one was feeling concerned. It was one big joke. 

Whose comparing the ASX and Dow, numbnut?  I'm comparing each of their subsequent course.

Consumer confidence is a fickle thing. Quick and decisive action was taken. Can't win with people like you. If they did nothing and everything turned to shit it'd have been all Labor's fault, instead it's Labor's wasted money because it wasn't a problem.

Yeah and apart from being sharemarket indices there's a lot of differences between them and therefore how much they moved in 10 years (6 of which are Coalition government years) is pretty irrelevant. Very little of their performance has anything to do with government debt. The US government debt has increased at an even more alarming rate and it didn't affect them.

Insert Gertjan Verbeek gifs here

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johnszasz - 16 May 2019 8:24 PM
I was born during Hawke's tenure but have never really read up on his work. Objectively, what were his feats and failures? Many seem to have fonder memories of him and the country seemed quite united back in those days. Happy to read anecdotes. 

Holds the world record for sculling a beer.

Politically, economic reform for the country with Keating. Floating the currency, superannuation, banking reform, labour law reform.
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Burztur - 16 May 2019 11:13 PM
johnszasz - 16 May 2019 8:24 PM

Holds the world record for sculling a beer.

Politically, economic reform for the country with Keating. Floating the currency, superannuation, banking reform, labour law reform.

Yeah I've definitely heard of the beer and currency thing. 
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Burztur - 16 May 2019 11:13 PM
johnszasz - 16 May 2019 8:24 PM

Holds the world record for sculling a beer.

Politically, economic reform for the country with Keating. Floating the currency, superannuation, banking reform, labour law reform.

Medicare as well.

As a person he seemed like 'one of the boys' which made him popular. He spoke like a real person and not like a politician and seemed to enjoy sport too.
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sub007 - 16 May 2019 11:48 PM
Burztur - 16 May 2019 11:13 PM

Medicare as well.

As a person he seemed like 'one of the boys' which made him popular. He spoke like a real person and not like a politician and seemed to enjoy sport too.

That's probably one of the best things on his list. May he RIP.
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mcjules - 16 May 2019 9:57 PM
johnszasz - 16 May 2019 8:24 PM

You're not going to get an objective opinion here :) There will be plenty of articles written about his life over the coming weeks. Will post some good ones here when I find them.

Haha yeah I thought putting the word objective would calm things a bit. I have basic knowledge about Hawke and many people talk fondly about the days when he was leader. I'm pretty down about his passing. A good part of Australia has departed. 
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sub007 - 16 May 2019 11:48 PM
Burztur - 16 May 2019 11:13 PM

Medicare as well.

As a person he seemed like 'one of the boys' which made him popular. He spoke like a real person and not like a politician and seemed to enjoy sport too.

Nothing is perfect but I compare Germany to Australia and greatly miss Medicare, Super and having your own currency. German banks seem even dirtier than Australian ones. 
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sub007 - 16 May 2019 11:48 PM
Burztur - 16 May 2019 11:13 PM

Medicare as well.

As a person he seemed like 'one of the boys' which made him popular. He spoke like a real person and not like a politician and seemed to enjoy sport too.

Of course, Medicare. It's amazing how so many ingrained aspects of our society have been put in place by the ALP. 

While he was one of the boys, Hawke was a Rhodes scholar as well. 
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Burztur - 17 May 2019 12:19 AM
sub007 - 16 May 2019 11:48 PM

Of course, Medicare. It's amazing how so many ingrained aspects of our society have been put in place by the ALP. 


You have to offset that with all the shit manifestations Labor have conjured ; pink batts, carbon tax, NRAS, negative gearing (1989), recessions etc.  Even the so called Nazi concentration camps that house our illegal immigrants was a Labor creation.  Labor’s approach is to throw as much shit at the wall as possible, while jacking up taxes and piling on he debt, and hope that eventually something will stick so they can add it to their little scorecard of Labor legacies. 

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rusty - 17 May 2019 8:12 AM
Burztur - 17 May 2019 12:19 AM

You have to offset that with all the shit manifestations Labor have conjured ; pink batts, carbon tax, NRAS, negative gearing (1989), recessions etc.  Even the so called Nazi concentration camps that house our illegal immigrants was a Labor creation.  Labor’s approach is to throw as much shit at the wall as possible, while jacking up taxes and piling on he debt, and hope that eventually something will stick so they can add it to their little scorecard of Labor legacies. 

It's the capitalist approach to start ups - investing in 10 expecting 1 to succeed. So we should go with it ;)
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johnszasz - 16 May 2019 8:24 PM
I was born during Hawke's tenure but have never really read up on his work. Objectively, what were his feats and failures? Many seem to have fonder memories of him and the country seemed quite united back in those days. Happy to read anecdotes. 

Floated the dollar
Cut tariffs
Brought the economy into the 21st century
Led the world against mining in Antarctica
Protected the Great Barrier Reef
Stopped the damming of the Franklin
Medicare
Created the wages accord and more or less put a stop to union strikes
Reformed the waterfront
dozens of other things as well.

Sad, sad day.




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mcjules - 16 May 2019 10:47 PM
Enzo Bearzot - 16 May 2019 10:08 PM

Consumer confidence is a fickle thing. Quick and decisive action was taken. Can't win with people like you. If they did nothing and everything turned to shit it'd have been all Labor's fault, instead it's Labor's wasted money because it wasn't a problem.

Yeah and apart from being sharemarket indices there's a lot of differences between them and therefore how much they moved in 10 years (6 of which are Coalition government years) is pretty irrelevant. Very little of their performance has anything to do with government debt. The US government debt has increased at an even more alarming rate and it didn't affect them.

You don't know what would have happened.  Correlation is not causation.

The GFC was an outcome, not the cause.  The cause was unregulated American Banks making giving home loans:
1. without proper valuation
2. to people with insufficient deposits
3. to people with insufficient incomes
4. without recourse on default

This created a US property bubble.  When the defaults started to mount up, the market crashed and the banks held properties worth less than the loans.  Credit crunch.

NONE of that was relevant to Australia.

Krudd panicked.  Sent the country in to debt with free money.

A decade later, the US economy under Trump has a sharemarket that's doubled from its pre-GFC peak, ours has not recovered, its wages are rising, ours is flat-lining, their unemployment is the lowest in 60 years, ours is rising.

https://www.afr.com/news/economy/trumps-us-wage-rises-ignored-by-bill-shorten-20190310-h1c7bl

I'm aware that the 5% deposit scheme announced and matched by Labor is eerily similar to pre-GFC.  So much for the banking RC.


Burztur
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GFC was relevant to Australia. I saw many redundancies due to downturn.
mcjules
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Burztur - 17 May 2019 10:24 AM
GFC was relevant to Australia. I saw many redundancies due to downturn.

Of course it was. I must have imagined credit tightening here as well.

Insert Gertjan Verbeek gifs here

GO


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