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From: Noddy on 12 Aug 2010 05:53

"Doug Jewell" <ask(a)and.maybe.ill.tell.you> wrote in message
news:q9udnTdD08MpLv7RnZ2dnUVZ_sidnZ2d(a)westnet.com.au...

> Targetted infrastructure construction would have done a much better job of
> stimulating the economy than the plasma TV bonus, spending $800,000 on
> $100,000 classrooms, and the pink-batt stuff-up.

Indeed.

> For that matter, if things did go belly up into a full-blown recession and
> we hit 10% unemployment, it would have been cheaper to pay the unemployed
> $35k/year for 2 years, than the Labor stimulus. Such spending would have
> still had an equivalent stimulus effect anyway.
> What labor did was waste. Pure and simple.

Absolutely, but then they do it time and again.

Labor has an *appalling* history of wasting money every time they get into
office, and this government is no exception. In fact I'd go so far as to
suggest they've been one of the worst in recent times, as all they've seemed
to do is throw money at every single obstacle they've come across with no
real thought process behind what they're doing other than a firm belief that
if they chuck enough cash at it the problem will go away.

Sadly....

--
Regards,
Noddy.


From: Y on 12 Aug 2010 23:32

"Noddy" <me(a)home.com> wrote in message
news:4c63c4bc$0$56727$c30e37c6(a)exi-reader.telstra.net...
>
> "Clocky" <notgonn(a)happen.com> wrote in message
> news:4c63907f$0$11089$c3e8da3(a)news.astraweb.com...
>
>> Do the letters GFC mean anything to you?
>
> Nope.
>
> The GFC, such as it was, was little more than an *American* financial
> crisis that had a slight impact on *some* other countries. The effect it
> had here was minimal at best.
>
>> Wasn't it better to spend money, save jobs and prevent going into
>> recession whilst the economies of countries like the UK and the US and
>> rest of Europe were going down the tube?
>
> There's been some slowdown in other parts of the world, particularly in
> America, but saying that the rest of Europe is in trouble is stretching
> things a tad :)


Much of Europe is in deep economic trouble Greece, Italy, Portugal and Spain
to name a few.


> Oh, and England's ecconomy has been fucked since the end of WWII.
>
>> There were fuckups along the way, sure, but things could have turned out
>> a lot worse too.


That's true


> I'm afraid the worst is yet to come for us here in sunny old Oz.
>
> Had the government done nothing we would have weathered the storm and come
> out the other side without a hiccup.


I'm not an economist and i'd guess by that comment neither are you.
Not even the coalition believe that.


> Instead they had a massive knee-jerk in listening to all the financial
> forecasters who couldn't see past next Tuesday and threw *shitloads* of
> money at a problem that never existed with the nett result being that
> we'll be in debt for *years* and have to be taxed up the wahzoo to pay for
> it.


But my tax hasn't gone up?
Debt is not always a big bad bogeyman that the media and opposition would
have you believe.
If you had lived your life debt free you would not be building yourself a
nice new house with enviable shed right now.

Y.


From: Lars Chance on 12 Aug 2010 06:46

>
The problem with discussing politics in aus.cars is that aus.cars is
full of people who think cars are exciting.
Such people should not really be consulted on things as mildly important
as politics.


--
Elsie.
From: Y on 12 Aug 2010 23:58

"Lars Chance" <lars.chance(a)hotmail.com> wrote in message
news:ShQ8o.3430$FH2.3231(a)viwinnwfe02.internal.bigpond.com...
>
>>
> The problem with discussing politics in aus.cars is that aus.cars is full
> of people who think cars are exciting.
> Such people should not really be consulted on things as mildly important
> as politics.
>

Haha you might be right but i like cars, and bikes.
I generally don't care if a discussion breaks out or not.
Just one mans opinion is all i bring.

Y.


From: Clocky on 12 Aug 2010 12:29

"Noddy" <me(a)home.com> wrote in message
news:4c63c4bc$0$56727$c30e37c6(a)exi-reader.telstra.net...
>
> "Clocky" <notgonn(a)happen.com> wrote in message
> news:4c63907f$0$11089$c3e8da3(a)news.astraweb.com...
>
>> Do the letters GFC mean anything to you?
>
> Nope.
>
> The GFC, such as it was, was little more than an *American* financial
> crisis that had a slight impact on *some* other countries. The effect it
> had here was minimal at best.
>

It had a massive impact on Europe, whole countries have gone bust or close
to it. Portugal, Spain, Greece, UK, Italy and others.
The unemployment rate in Spain has doubled with an overall unemployment rate
of 20% and amongst young workers 40%. That's not sustainable and other
countries are in danger of the same.

>> Wasn't it better to spend money, save jobs and prevent going into
>> recession whilst the economies of countries like the UK and the US and
>> rest of Europe were going down the tube?
>
> There's been some slowdown in other parts of the world, particularly in
> America, but saying that the rest of Europe is in trouble is stretching
> things a tad :)
>

Hardly.

> Oh, and England's ecconomy has been fucked since the end of WWII.
>

And now it's even worse, that's the point.

>> There were fuckups along the way, sure, but things could have turned out
>> a lot worse too.
>
> I'm afraid the worst is yet to come for us here in sunny old Oz.
>
> Had the government done nothing we would have weathered the storm and come
> out the other side without a hiccup.

LOL Noddy the economist has spoken... mate, you're clearly out of touch on
this one.


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