Climate Change Refugees

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Re: Climate Change Refugees

Postby Chuck » 13 Jan 2020, 21:54

johnsmith wrote:
DonDeeHippy wrote:[

Yup Labor will give everyone $1000 …. that will help the economy.



It certainly did. We were one of only two western countries to not go into recession during the GFC. Many other western coun tries tried what the libs were proposing ... it didn't work in any of them.

You should get on your knees and thank Rudd for his vision.
Rudd vision, was he listened to a radical economist, called
Ken Henry. The same man who was responsible for the NAB debacle as its Chairman.

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Re: Climate Change Refugees

Postby DonDeeHippy » 14 Jan 2020, 05:31

johnsmith wrote:
DonDeeHippy wrote:
johnsmith wrote:
DonDeeHippy wrote:[

Yup Labor will give everyone $1000 …. that will help the economy.



It certainly did. We were one of only two western countries to not go into recession during the GFC. Many other western coun tries tried what the libs were proposing ... it didn't work in any of them.

You should get on your knees and thank Rudd for his vision.

https://www.abc.net.au/news/2018-09-15/ ... c/10248784
3 December 2007, Rudd was sworn in as the 26th Prime Minister of Australia
Monday September 15, 2008 was a day of high drama for the Rudd government.
"Government debt was zero at the start of the GFC (global financial crisis)."
Once it was decided the government would borrow $52 billion to keep the financial arteries of the economy flowing, it took the cabinet two full days of frenzied debate to determine the nature of the spend.

At the time of the election of the Labor government in November 2007, Australia’s net debt position was still negative (at minus A$22.1 billion) – meaning the government held A$22.1 billion more than it owed. By July 1 2013, in the final months of the last Labor government, net debt had risen to A$159.6 billion.
https://www.abc.net.au/news/2018-09-15/ ... c/10248784
Report from the Reserve Bank
Australia did not experience a large economic downturn or a financial crisis during the GFC.
Australian banks had very small exposures to the US housing market and US banks, partly because domestic lending was very profitable.
Subprime and other high-risk loans were only a small share of lending in Australia, partly because of the historical focus on lending standards by the Australian banking regulator (the Australian Prudential Regulation Authority (APRA)).
Australia's economy was buoyed by large resource exports to China, whose economy rebounded quickly after the initial GFC shock (mainly due to expansionary fiscal policy).

https://www.rba.gov.au/education/resour ... risis.html

So within Months of Taking over the country that 22 billion in the bank was burning a hole in his pocket and he needed to buy 20 million new friends only cost us 182 Billion over 5 years. Australia was already in a good position with 24 billion up and wouldn't of been effected much by the USA collapse.... he saved us from a recession that wouldn't really effect us by burning Billions, at Least Howard could balance the books....
Yeah Rudd is a hero...….


Four points on that
1. It would have cost us more than $180B if we;d gone into recession. the deficit was structural. Tax cuts and wealthfare Howard gave were permanent, based on figures during a boom. Booms don't last forever. Howard should never have made those cuts and wealthfare permanent.

2. the stimulus wasn't much different from the libs proposed stimulus at the time, it was just being spend differently. So if the libs were in govt, the debt would have been similar and we still would have most likely had a recession.

3. Do you realise that having a surplus means you're paying to much in taxes?

4. And what of the deficit now .... libs more than doubled labors debt in half the time. Suddenly debt is not an issue? :roll :roll


It's funny how you ignore the Reserves bank assessment of the GFC that stated Australia wouldn't of been effected much... Instead justifying Rudds friend making overspending....

As at July 1 2018, the budget estimate of net debt in Australia was about A$341.0 billion, up from A$174.5 billion in September 2013, when the Coalition took office. That’s an increase of A$166.5 billion, or roughly 95%, over almost five years.
To put that in context, in Labor’s last term (2007-13, a nearly six-year period that included the Global Financial Crisis), net debt rose by about A$197 billion – around A$30 billion more than has been the case under the current Coalition government.

Well over the same time period the Libs made 30 billion Less debt...…

Still the libs need to cut spending as well, we need to get rid of Government debt, It's crazy we as a country live on borrowed money.... If we have a Deficit it means we can start paying off debt not that we are paying to much Tax, When we are Debt free then we can start to look at less tax, Unless you like the idea of paying billions of interest every year with our tax ? :purple
Last edited by DonDeeHippy on 14 Jan 2020, 05:44, edited 1 time in total.
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Re: Climate Change Refugees

Postby DonDeeHippy » 14 Jan 2020, 05:37

johnsmith wrote:
DonDeeHippy wrote:Again who can use those speeds


the nbn was supposed to service us for the next 50 years. You might not need it now, but you can bet your butt that in 10 or 20 years will all be using files that big.

Yes and once they have Fibre within 600Metres of most places in Australia they can start to take it to peoples door steps.
You do realize as we speak NBN are upgrading their fibre network to have 1GBPM , If they wont get Nodes finished for another 6 months , how long do you think it would of taken if they had decided to do fibre to every door ? It would be years away from completion . :purple
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Re: Climate Change Refugees

Postby johnsmith » 14 Jan 2020, 17:28

DonDeeHippy wrote:It's funny how you ignore the Reserves bank assessment of the GFC that stated Australia wouldn't of been effected much... Instead justifying Rudds friend making overspending....

they said that in hindsight, after labor had already minimised the effects of the gfc. :roll :roll

DonDeeHippy wrote:around A$30 billion more than has been the case under the current Coalition government.


and much of that the result of being stuck with howards permanent tax cuts and wealth fare, the selling all our income producing assets so no more income from those, and a boom that had finished resulting in our tax takings falling dramatically during the GFC years.

And again, the libs proposed stimulus was not much different from labors in total $$$ amounts. If they had been in office, we'd still have had the debt.

Where Labor gets screwed ia that every time they've come into office over the last 20 years, the global economy took a hit. Leaving labor stuck with a down tun in the our economy that is largely the result of foriegn affairs and NOT domestic policy. Most of our trade with europe and the US collapsed , only china kept ticking along and that was only in one sector ... minerals.
The libs on the other hand have been blessed with booms. First when howard came into office, the global economy went ballistic, and once abbott came into office, china, then europe and now he US economies have helped prop ours up. They keep talking about an expected global downfall, but it hasn't yet eventuated.

Knowing labors luck, the global downturn will hit after labor wins :B


and good of you after worrying about the debt, to basically ignore the fact that the libs have doubled the debt.
FD.
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Re: Climate Change Refugees

Postby johnsmith » 14 Jan 2020, 17:32

DonDeeHippy wrote:
johnsmith wrote:
DonDeeHippy wrote:Again who can use those speeds


the nbn was supposed to service us for the next 50 years. You might not need it now, but you can bet your butt that in 10 or 20 years will all be using files that big.


Yes and once they have Fibre within 600Metres of most places in Australia they can start to take it to peoples door steps.
You do realize as we speak NBN are upgrading their fibre network to have 1GBPM , If they wont get Nodes finished for another 6 months , how long do you think it would of taken if they had decided to do fibre to every door ? It would be years away from completion . :purple



fibre to the home would have been finished sooner than this schemzzle. Place i used to live at they ran coax to every house because it was in a complex (govco paid). Because of it's thickness of the coax cable, they had to run new conduit and cut up driveways and gardens, ad then repair them once they had finished, trippling the cost of the nstall. The fibre, because it is so much thinner, would have simply slid through the old telstra conduit and into the houses without the need for new conduit, or cutting up and then repairing driveways etc. Job would have been done in half the time.
FD.
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Re: Climate Change Refugees

Postby pinkeye » 15 Jan 2020, 01:57

I really think the whole fiasco has been to benefit friends of govt.
Why on earth would I NEED 6 separate NBN CONTRACTORS to come to my HOME, over two years to fix it..?
HUH.?

..only to be told by the 6TH that I was TOO FAR FROM the NODE. NO WAY could NBN/TELSTRA provide me with my contracted subscription.

ALL LIBERAL GOVERNMENT POLICY , apparently. :mad
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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 05:23

johnsmith wrote:
DonDeeHippy wrote:
johnsmith wrote:
DonDeeHippy wrote:Again who can use those speeds


the nbn was supposed to service us for the next 50 years. You might not need it now, but you can bet your butt that in 10 or 20 years will all be using files that big.


Yes and once they have Fibre within 600Metres of most places in Australia they can start to take it to peoples door steps.
You do realize as we speak NBN are upgrading their fibre network to have 1GBPM , If they wont get Nodes finished for another 6 months , how long do you think it would of taken if they had decided to do fibre to every door ? It would be years away from completion . :purple



fibre to the home would have been finished sooner than this schemzzle. Place i used to live at they ran coax to every house because it was in a complex (govco paid). Because of it's thickness of the coax cable, they had to run new conduit and cut up driveways and gardens, ad then repair them once they had finished, trippling the cost of the nstall. The fibre, because it is so much thinner, would have simply slid through the old telstra conduit and into the houses without the need for new conduit, or cutting up and then repairing driveways etc. Job would have been done in half the time.

Look at how long it took the initial fibre to be done in Tssy and how bad it was when it was finished.... that's why plans where changed.
It's easy to say it would of been done sooner, but any proof or just your opinion john ?

Most phone is just straight wire no conduit...…I've dug up phone lines for a town with no conduit (luckily a old one, thought I was up for millions). Being a fencer and around construction I haven't seen one phone line in a conduit....
Did you happen to find out if the coaxial was cheaper to install than the fibre even with the extra installation ? :purple
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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 05:43

johnsmith wrote:
DonDeeHippy wrote:It's funny how you ignore the Reserves bank assessment of the GFC that stated Australia wouldn't of been effected much... Instead justifying Rudds friend making overspending....

they said that in hindsight, after labor had already minimised the effects of the gfc. :roll :roll

DonDeeHippy wrote:around A$30 billion more than has been the case under the current Coalition government.


and much of that the result of being stuck with howards permanent tax cuts and wealth fare, the selling all our income producing assets so no more income from those, and a boom that had finished resulting in our tax takings falling dramatically during the GFC years.

And again, the libs proposed stimulus was not much different from labors in total $$$ amounts. If they had been in office, we'd still have had the debt.

Where Labor gets screwed ia that every time they've come into office over the last 20 years, the global economy took a hit. Leaving labor stuck with a down tun in the our economy that is largely the result of foriegn affairs and NOT domestic policy. Most of our trade with europe and the US collapsed , only china kept ticking along and that was only in one sector ... minerals.
The libs on the other hand have been blessed with booms. First when howard came into office, the global economy went ballistic, and once abbott came into office, china, then europe and now he US economies have helped prop ours up. They keep talking about an expected global downfall, but it hasn't yet eventuated.

Knowing labors luck, the global downturn will hit after labor wins :B


and good of you after worrying about the debt, to basically ignore the fact that the libs have doubled the debt.

Wow it's global down turns and bad luck that made Labor put the country in so much debt.... :rofl :rofl :rofl
Poor Rudd if only luck would of been with him none of this would of happened...… Such a nice guy just ask Julia...

So in hindsight, the GFC wouldn't of have effected Australia , Rudd changed the Australian government from having 25 million dollars more in Assets that Debt, to having 160 Billion dollars in debt...….
All for nothing more that wanting to be the good guy..

You keep saying the Libs had the same type of schemes, so if Howard was still in power after all that effort to have Australia have more assets than Debt he would throw all that away... Even though the reserve bank declared it wouldn't effect Australia much..... Right :thumb

At least keep the topic on Rudd, I've already stated I don't like the new Lib government getting us in more Debt, you try to make it sound like I'm defending them :)
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Re: Climate Change Refugees

Postby HBS Guy » 15 Jan 2020, 05:50

Rudd’s stimulus and later the Chinese stimulus saved us from a serious recession.
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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 06:33

HBS Guy wrote:Rudd’s stimulus and later the Chinese stimulus saved us from a serious recession.

Not according to the Reserve Bank, all he did was try to make himself the good guy by borrowing lots of Money...
Is the Reserve Bank wrong ?
The reserve bank says China was already healthy.....
Unless you guys can prove the Reserve Bank has it wrong (which I'd love to read ) then you guys will have to accept the fact that the GFC didn't effect Australia , was only a excuse for Rudd to go on a spending spree that didn't change much...
Giving everyone a Thousand dollars is one of the stupidest political things I've ever seen....
:purple
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Re: Climate Change Refugees

Postby HBS Guy » 15 Jan 2020, 08:17

The Reserve Bank board needs help tying its shoelaces!

Thousands of miners were sacked and that would have multiplied rapidly through the economy.

The Rudd stimulus and later the Chinese stimulus (incl building a railway line) saved our economy from a serious recession.

Howard fucked the Budget for years to come. Gillard was the only PM to start winding it back, getting rid of the Baby Bonus and reducing private health subsidies. The neolibs have just hit the poor the sick etc to get a dodgy as fuck “surplus” which will not be real (loan to NBN Co will not be paid back, $30bn just gone) while lavishing tax cuts which, of course, has not stimulated the economy.
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Re: Climate Change Refugees

Postby Chuck » 15 Jan 2020, 11:52

HBS Guy wrote:Rudd’s stimulus and later the Chinese stimulus saved us from a serious recession.

Before Ken Henry is crucified, remember the good he did
By Kevin Rudd. February 9, 2019

it’s important to pause to reflect on Henry’s broader national contribution in helping save the Australian financial services industry from comprehensive calamity during the global financial crisis.

Therefore, it’s worth placing on record Ken Henry’s substantive achievements in advising my government and our response to the crisis as it unfolded through the fog of financial and economic war.

It was far from clear back then what was happening, why it was happening, and where it would lead. Throughout the crisis, Henry was routinely the source of sage and courageous advice. And the subsequent history has demonstrated his advice was spot on.

"What do we need to do, Ken if we wish to avoid a recession?” I followed that by asking what he had learnt by having been a senior Treasury official during the last Australian recession in 1991. Henry’s sharp, intelligent response, as the history books now record was “Prime Minister, go early, go hard, go household"

At least Rudd had acknowledged who was the brains behind us avoiding the GFC crisis.

Rudd deserves accolades for his honesty!

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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 15:16

HBS Guy wrote:The Reserve Bank board needs help tying its shoelaces!

Thousands of miners were sacked and that would have multiplied rapidly through the economy.

The Rudd stimulus and later the Chinese stimulus (incl building a railway line) saved our economy from a serious recession.

Howard fucked the Budget for years to come. Gillard was the only PM to start winding it back, getting rid of the Baby Bonus and reducing private health subsidies. The neolibs have just hit the poor the sick etc to get a dodgy as fuck “surplus” which will not be real (loan to NBN Co will not be paid back, $30bn just gone) while lavishing tax cuts which, of course, has not stimulated the economy.

Ok then give us a unbiased source that states weather Rudd was a Hero or as I suspect a total wanker...
So far you have just been giving me your opinion when I have been giving unbiased sources......
Do you think Rudd is hero for what he did to Julia as well, or was he only a Hero sometimes...:purple
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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 15:37

On the subject of Rudd so far I've been told if he didn't put the country into 190 Billion dollars more debt we could of had a recession (say that out loud and try not to sound stupid)…..
Labor is just unlucky and when they get into power a recession hits :rofl
The Reserve bank don't know what they are talking about in their report on the GFC
your guys opinion is much more accurate with no facts to back them.....

When you can show me some REAL evidence that Rudd did the right thing please show me (especially giving everyone $1000 saved Australia's economy), I'm happy to admit when I'm wrong... Until then though I'll let you guys keep your opinions :purple
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Re: Climate Change Refugees

Postby HBS Guy » 15 Jan 2020, 16:51

The people on the RBA Board cannot tie their shoelaces without help.

Currently our interest rate is 0.075% or something—the economy is still sinking into the swamp. Cutting cutting cutting rates kicks savers in the guts, lessens their spending power and does not stimulate the economy an iota—cue rising un- and under- employment.

Should have left interest rates at 0.3% and told the Libs to spend to stimulate.

When does the narrative change from SUHPLUS! to boosting the economy? 5.5% unemployment, 6%, 6.5% or Howard levels of +10%? Will we see the idiocy of negative interest rates and STILL no move from the idiot LibNat “government” dribbling about balanced Budgets and SURPLICES SAH!

Nah, the RBA board is made up of simpletons and cretins! Has been for many years now. NAIRU oooh!
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Re: Climate Change Refugees

Postby DonDeeHippy » 15 Jan 2020, 16:58

HBS Guy wrote:The people on the RBA Board cannot tie their shoelaces without help.

Currently our interest rate is 0.075% or something—the economy is still sinking into the swamp. Cutting cutting cutting rates kicks savers in the guts, lessens their spending power and does not stimulate the economy an iota—cue rising un- and under- employment.

Should have left interest rates at 0.3% and told the Libs to spend to stimulate.

When does the narrative change from SUHPLUS! to boosting the economy? 5.5% unemployment, 6%, 6.5% or Howard levels of +10%? Will we see the idiocy of negative interest rates and STILL no move from the idiot LibNat “government” dribbling about balanced Budgets and SURPLICES SAH!

Nah, the RBA board is made up of simpletons and cretins! Has been for many years now. NAIRU oooh!


Wow monk you need to do more reserch…
https://www.ceicdata.com/en/indicator/a ... yment-rate
when Howard took over in march 1996 Unemployment was 8.4 %
when Howard Left in December 2007 Unemployment was 4.2 %
When Rudd Left September 2013 Unemployment was 5.8 %
Novemeber 2019 Unemployment was 5.2 %

1989 (keating) Home loan 17%
1996 march (howard) Home Loan 10.2 %
2007 Dec (howard) Home Loan 8 %
2008 September Rudd Home loan 9.8 %
2019 December Home loan 3.5 %

So when Labor take over unemployment rises and morgages... so much for looking after the working men hey, plenty of money though for union bosses :rofl


what do you think about Rudd giving everyone $1000 Monk ?
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Re: Climate Change Refugees

Postby Chuck » 15 Jan 2020, 19:13

DonDeeHippy wrote:On the subject of Rudd so far I've been told if he didn't put the country into 190 Billion dollars more debt we could of had a recession (say that out loud and try not to sound stupid)…..

When you can show me some REAL evidence that Rudd did the right thing please show me (especially giving everyone $1000 saved Australia's economy), I'm happy to admit when I'm wrong... Until then though I'll let you guys keep your opinions :purple
So my post about Ken Henry as one of the economist in Treasury Dept. advising Rudd to spend money isn’t convincing.

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Re: Climate Change Refugees

Postby Chuck » 15 Jan 2020, 19:30

Monday, 2 November 2009
Australia’s Treasury Secretary, Dr Ken Henry, said Australia’s quick response last year to the global financial crisis was a big contributor to avoiding the scale of the recession experienced in the United States.


"The pivotal point has been Australia’s response to the global crisis.

"The essential lesson is that once you decide there really is a problem - don’t waste time addressing it," Dr Henry said.

Dr Henry, a UNSW economics graduate and an Australian School of Business Alumni Leader, said the Rudd government’s immediate announcement of the $10.1 billion fiscal stimulation package, was "timely, targeted and temporary."

"History may judge the first fiscal stimulation package was too early, history may judge it was too large, history may judge the configuration of it was wrong. But my view was we needed to do something, it needed to be big, and we needed to do it quickly.

"What informed that was I had lived through – as a policy advisor – the recession of the early 1990s.

"The government in a recession cannot tolerate inaction – the population cannot tolerate inaction on the part of the government. The government needed to do something."

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Re: Climate Change Refugees

Postby johnsmith » 15 Jan 2020, 19:57

DonDeeHippy wrote:
HBS Guy wrote:The Reserve Bank board needs help tying its shoelaces!

Thousands of miners were sacked and that would have multiplied rapidly through the economy.

The Rudd stimulus and later the Chinese stimulus (incl building a railway line) saved our economy from a serious recession.

Howard fucked the Budget for years to come. Gillard was the only PM to start winding it back, getting rid of the Baby Bonus and reducing private health subsidies. The neolibs have just hit the poor the sick etc to get a dodgy as fuck “surplus” which will not be real (loan to NBN Co will not be paid back, $30bn just gone) while lavishing tax cuts which, of course, has not stimulated the economy.

Ok then give us a unbiased source that states weather Rudd was a Hero or as I suspect a total wanker...
So far you have just been giving me your opinion when I have been giving unbiased sources......
Do you think Rudd is hero for what he did to Julia as well, or was he only a Hero sometimes...:purple



unbiased? how about swan being the only Aussie treasurer to ever win euromoney magazines treasurer of the year? They had no dogs in this fight, still they gave it to him. Lots of european countries tried the same stimulus the libs proposed .. why didn't they give it to one of them?
DonDeeHippy wrote:
HBS Guy wrote:The people on the RBA Board cannot tie their shoelaces without help.

Currently our interest rate is 0.075% or something—the economy is still sinking into the swamp. Cutting cutting cutting rates kicks savers in the guts, lessens their spending power and does not stimulate the economy an iota—cue rising un- and under- employment.

Should have left interest rates at 0.3% and told the Libs to spend to stimulate.

When does the narrative change from SUHPLUS! to boosting the economy? 5.5% unemployment, 6%, 6.5% or Howard levels of +10%? Will we see the idiocy of negative interest rates and STILL no move from the idiot LibNat “government” dribbling about balanced Budgets and SURPLICES SAH!

Nah, the RBA board is made up of simpletons and cretins! Has been for many years now. NAIRU oooh!


Wow monk you need to do more reserch…
https://www.ceicdata.com/en/indicator/a ... yment-rate
when Howard took over in march 1996 Unemployment was 8.4 %
when Howard Left in December 2007 Unemployment was 4.2 %
When Rudd Left September 2013 Unemployment was 5.8 %
Novemeber 2019 Unemployment was 5.2 %

1989 (keating) Home loan 17%
1996 march (howard) Home Loan 10.2 %
2007 Dec (howard) Home Loan 8 %
2008 September Rudd Home loan 9.8 %
2019 December Home loan 3.5 %

So when Labor take over unemployment rises and morgages... so much for looking after the working men hey, plenty of money though for union bosses :rofl


what do you think about Rudd giving everyone $1000 Monk ?



that's bullshit selective statistics that ignore reality.

You got short term pain under keating for massive changes to our economy that led us to the next 25 yrs of growth. I would rather have paid 17% on $100 000 than the current 3.5% on a million dollars

Just after rudd took over, we got hit with the GFC. Do you want to blame rudd for that? Prior to that trade with europe, china and the USA was booming across all industries, Once the GFC hit every industry collapsed except for the resource industry. Do you think all those people that were previously working in supplying exports to Europe and the USA suddenly swapped to mining?

and the rates are low now because the reserve bank is desperate to try, unsucessfully I might add, to boost the economy .... not because the economy is thriving.
FD.
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Re: Climate Change Refugees

Postby pinkeye » 16 Jan 2020, 01:13

True this
we must wait
for the next
hit
economy
no
survival
sleeping is good for you
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Re: Climate Change Refugees

Postby DonDeeHippy » 16 Jan 2020, 05:02

johnsmith wrote:
DonDeeHippy wrote:
HBS Guy wrote:The Reserve Bank board needs help tying its shoelaces!

Thousands of miners were sacked and that would have multiplied rapidly through the economy.

The Rudd stimulus and later the Chinese stimulus (incl building a railway line) saved our economy from a serious recession.

Howard fucked the Budget for years to come. Gillard was the only PM to start winding it back, getting rid of the Baby Bonus and reducing private health subsidies. The neolibs have just hit the poor the sick etc to get a dodgy as fuck “surplus” which will not be real (loan to NBN Co will not be paid back, $30bn just gone) while lavishing tax cuts which, of course, has not stimulated the economy.

Ok then give us a unbiased source that states weather Rudd was a Hero or as I suspect a total wanker...
So far you have just been giving me your opinion when I have been giving unbiased sources......
Do you think Rudd is hero for what he did to Julia as well, or was he only a Hero sometimes...:purple



unbiased? how about swan being the only Aussie treasurer to ever win euromoney magazines treasurer of the year? They had no dogs in this fight, still they gave it to him. Lots of european countries tried the same stimulus the libs proposed .. why didn't they give it to one of them?
DonDeeHippy wrote:
HBS Guy wrote:The people on the RBA Board cannot tie their shoelaces without help.

Currently our interest rate is 0.075% or something—the economy is still sinking into the swamp. Cutting cutting cutting rates kicks savers in the guts, lessens their spending power and does not stimulate the economy an iota—cue rising un- and under- employment.

Should have left interest rates at 0.3% and told the Libs to spend to stimulate.

When does the narrative change from SUHPLUS! to boosting the economy? 5.5% unemployment, 6%, 6.5% or Howard levels of +10%? Will we see the idiocy of negative interest rates and STILL no move from the idiot LibNat “government” dribbling about balanced Budgets and SURPLICES SAH!

Nah, the RBA board is made up of simpletons and cretins! Has been for many years now. NAIRU oooh!


Wow monk you need to do more reserch…
https://www.ceicdata.com/en/indicator/a ... yment-rate
when Howard took over in march 1996 Unemployment was 8.4 %
when Howard Left in December 2007 Unemployment was 4.2 %
When Rudd Left September 2013 Unemployment was 5.8 %
Novemeber 2019 Unemployment was 5.2 %

1989 (keating) Home loan 17%
1996 march (howard) Home Loan 10.2 %
2007 Dec (howard) Home Loan 8 %
2008 September Rudd Home loan 9.8 %
2019 December Home loan 3.5 %

So when Labor take over unemployment rises and morgages... so much for looking after the working men hey, plenty of money though for union bosses :rofl


what do you think about Rudd giving everyone $1000 Monk ?



that's bullshit selective statistics that ignore reality.

You got short term pain under keating for massive changes to our economy that led us to the next 25 yrs of growth. I would rather have paid 17% on $100 000 than the current 3.5% on a million dollars

Just after rudd took over, we got hit with the GFC. Do you want to blame rudd for that? Prior to that trade with europe, china and the USA was booming across all industries, Once the GFC hit every industry collapsed except for the resource industry. Do you think all those people that were previously working in supplying exports to Europe and the USA suddenly swapped to mining?

and the rates are low now because the reserve bank is desperate to try, unsucessfully I might add, to boost the economy .... not because the economy is thriving.


Wow swan won a magazine award.... That's the only good thing you can say about him ? Didn't Hitler get a time man of the year as well ?
Have you ever considered that the $1000 give away didn't work because Australia was never in any trouble, so when other countries tried it they failed as well ?

From the Australian Reserve Bank

Spillovers to other countries

As noted above, foreign banks were active participants in the US housing market during the boom, including purchasing MBS (with short-term US dollar funding). US banks also had substantial operations in other countries. These interconnections provided a channel for the problems in the US housing market to spill over to financial systems and economies in other countries

Australian banks had very small exposures to the US housing market and US banks, partly because domestic lending was very profitable.
Subprime and other high-risk loans were only a small share of lending in Australia, partly because of the historical focus on lending standards by the Australian banking regulator (the Australian Prudential Regulation Authority (APRA)).

Australia's economy was buoyed by large resource exports to China, whose economy rebounded quickly after the initial GFC shock (mainly due to expansionary fiscal policy).


I posted those stats for monk as he, like you have your numbers wrong almost every time (like saying the libs more than doubled the debt in half the time when in reality was 30 billion less over the same time)
How are stats that show info on when a PM started his tenure and left bullshit anyway.....
If you notice Unemployment is less than when Labor got kicked out.... Maybe you have to excuse the Liberals because they got a bit of bad luck and in a recession they cant control... after all if that excuse is good for Labor it must be true for the Libs as well :thumb
:purple
Last edited by DonDeeHippy on 16 Jan 2020, 05:24, edited 1 time in total.
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Re: Climate Change Refugees

Postby DonDeeHippy » 16 Jan 2020, 05:10

Chuck wrote:
DonDeeHippy wrote:On the subject of Rudd so far I've been told if he didn't put the country into 190 Billion dollars more debt we could of had a recession (say that out loud and try not to sound stupid)…..

When you can show me some REAL evidence that Rudd did the right thing please show me (especially giving everyone $1000 saved Australia's economy), I'm happy to admit when I'm wrong... Until then though I'll let you guys keep your opinions :purple
So my post about Ken Henry as one of the economist in Treasury Dept. advising Rudd to spend money isn’t convincing.

Chuck

One of the most enduring images of Henry, however, is of him standing, stony-faced and silent, in the corner of a Parliamentary Committee room as Rudd and Swan released the findings of his Tax Review in 2010. The duo were announcing they would not adopt the vast bulk of Henry's 138 recommendations - perhaps explaining his stormy demeanour.
Only one of Henry's ideas – a proposal to reform mining taxation – found true favour in Rudd's mind. And it would ultimately prove his political undoing – a fierce backlash from the mining sector contributing to Rudd's toppling by Julia Gillard.

The resignation of Ken Henry from his position as chairman of the Board of the National Australia Bank has caused more reflection than that of any other recent fall from grace of a high-profile civic leader
In Hayne’s view they stood out among the leaders of the big four banks for their resistance to admitting the failures of their bank. Henry’s disastrously defensive and seemingly arrogant appearance before the commission caused particular offence.

So this is the man you want to champion Chuck ?????
On this Mans advice Rudd did the stupidest single act ever of giving everyone $1000
then the second time he took his advice he got kicked out …… what a champion

SO a member of Rudds treasury department advised him, so that makes it good ?
So did Ken Henry ever do a detailed analysis of the $1000 buddy maker to see if it worked ?
I said unbiased as well, a member of Rudds staff that advised the thing to happen would hardly be considered unbiased :OMG
I'm sure there are many economists that would of done research on Rudd's Dudd's. :purple
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Re: Climate Change Refugees

Postby Chuck » 16 Jan 2020, 11:48

DonDeeHippy wrote:So this is the man you want to champion Chuck ?????
On this Mans advice Rudd did the stupidest single act ever of giving everyone $1000
then the second time he took his advice he got kicked out …… what a champion

SO a member of Rudds treasury department advised him, so that makes it good ?
So did Ken Henry ever do a detailed analysis of the $1000 buddy maker to see if it worked ?
I said unbiased as well, a member of Rudds staff that advised the thing to happen would hardly be considered unbiased :OMG
I'm sure there are many economists that would of done research on Rudd's Dudd's. :purple
It is generally known that Economists lack empathy for the community. Their advice is to solve a problem without any emotion.
Wouldn’t u be disappointed if most of ur and ur colleagues efforts were ignored?

Irrespective of this and other items that u have pointed out, we’re discussing the effectiveness of distributing the $900 to each person.

The majority of economists thru out the world claim it was the best advise given to a leader of a country in avoiding a recession.

It is up to the politicians to pick and choose what is acceptable to them.

Therefore it proves that he wasn’t bias but apolitical in his position.
Furthermore, he was also the advisor to Peter Costello from the Coalition party when they were in power.

So lift ur head from ur right side of ur shoulders to reduce amount of dribble coming out ur mouth!

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Re: Climate Change Refugees

Postby DonDeeHippy » 16 Jan 2020, 12:02

Chuck wrote:
DonDeeHippy wrote:So this is the man you want to champion Chuck ?????
On this Mans advice Rudd did the stupidest single act ever of giving everyone $1000
then the second time he took his advice he got kicked out …… what a champion

SO a member of Rudds treasury department advised him, so that makes it good ?
So did Ken Henry ever do a detailed analysis of the $1000 buddy maker to see if it worked ?
I said unbiased as well, a member of Rudds staff that advised the thing to happen would hardly be considered unbiased :OMG
I'm sure there are many economists that would of done research on Rudd's Dudd's. :purple
It is generally known that Economists lack empathy for the community. Their advice is to solve a problem without any emotion.
Wouldn’t u be disappointed if most of ur and ur colleagues efforts were ignored?

Irrespective of this and other items that u have pointed out, we’re discussing the effectiveness of distributing the $900 to each person.

The majority of economists thru out the world claim it was the best advise given to a leader of a country in avoiding a recession.

It is up to the politicians to pick and choose what is acceptable to them.

Therefore it proves that he wasn’t bias but apolitical in his position.
Furthermore, he was also the advisor to Peter Costello from the Coalition party when they were in power.

So lift ur head from ur right side of ur shoulders to reduce amount of dribble coming out ur mouth!

Chuck

Name one :)
Tell me what did you personally think when Rudd decided to give everyone $1000 dollars ? :purple
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Re: Climate Change Refugees

Postby DonDeeHippy » 16 Jan 2020, 12:24

A [truly] Christian perspective on contemporary policy debates may not prevail. It must nonetheless be argued. And once heard, it must be weighed, together with other arguments from different philosophical traditions, in a fully contestable secular polity. A Christian perspective, informed by a social gospel or Christian socialist tradition, should not be rejected contemptuously by secular politicians as if these views are an unwelcome intrusion into the political sphere. If the churches are barred from participating in the great debates about the values that ultimately underpin our society, our economy and our polity, then we have reached a very strange place indeed.
Rudd the other MAD Christian PM :grn

In the 2008-09 budget, the Rudd government cut $63.4 million over four years from the CSIRO, forcing the closure of two laboratories and the loss of 100 jobs.[5] It also cut $20 million from the Australian Bureau of Statistics.[6]
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