http://www.bastardwatch.com.au/

roast a krudd on the bbq for australia day.

personally i like krudd, but i found this entertaining.

are you white collar or a uni student/grad?

I can't comprehend how anyone actually likes the c***, let alone how more than 50.00001% of Australians voted for him

its great to know that the democrats are still relevant in 2009.

it was either krudd or costello, and costello was an even bigger suasage than krudd.

I can't comprehend how anyone actually likes the c***, let alone how more than 50.00001% of Australians voted for him

+1

My gf and her family all voted Labour, despite my aggressive campaigning against. Very disappointed in my gf especially.

But, you and I get the smug satisfaction of the good 'ol fashioned, "I told you so."

oh that's so cruel!! how can all you random internet nobodies go around criticising these hard working politicians. So unfeeling! :'(

lol @ labor
Not sure why its called "labor" when that is what they try and get out of.

last edited by casa at 13:49:17 23/Jan/09

i wish i could dance like peter garrett.

Wait? That's an official Australian Democrats site? wtf, childish much?

i like my boy krudd, i just dont like what hes trying to do to my internets

the coalition, lols!

I really hope they don't get a second term

<3 krudd

he'll get a second term fo sho

u, me and krudd 3way pave, you in?

also, i lost interest in the democrats when stott-despoja finished up

last edited by Spook at 13:58:29 23/Jan/09

krudd's lost my vote purely because of the internet bulls***. well that + labour are bloddy useless with the economy.

Now the Federal Government can have a matching budget deficit like all the state governments. hi5's all round.

thats because of all the spending on hospitals, schools and me

I cant remember what happened to interest rates under howard, can someone remind me.

6.5% is high? also, technically it was higher with rudd.

so what old johnnie said was accurate when he said they were always lower under a coalition government (assuming we measure peaks).

thats because of all the spending on hospitals, schools and me

speaking of you, how long did it take them to process your baby bonus/etc?
and that automagic payment that happened recently, did you have to apply for it or just give someone your bank details etc?

I like krudd, it certainley doesn't get any better than this. Anyone who votes liberal is wrong.


Not that I voted labor

u, me and krudd 3way pave, you in?

sounds dreamy, aslong as i am in the middle

$10b taken spent by the government as middle class welfare in December and no evidence of a single job created. Labor need to lay off the crack pipe. They are actually considering another sugar hit.

Why didn't they spend this on infrastructure like they originally promised? Oh that's right, Rudd is full of s***.

speaking of you, how long did it take them to process your baby bonus/etc?
and that automagic payment that happened recently, did you have to apply for it or just give someone your bank details etc?

i did the paper work for the baby bonus the 3rd day after spook jnr was born, got the baby bonus approx 10 days after taht;

we were registed for ftb a already, so the free cash monies just went into the bank on the thursday as per our normal payment

i rate him. go kevo go.

I like krudd, it certainley doesn't get any better than this. Anyone who votes liberal is wrong.

Not that I voted labor

I'm not following your logic. (If indeed there is any logic at all in your statement.) Note: I'm being nice and ignoring your flawed spelling.

I cant remember what happened to interest rates under howard, can someone remind me.

Sure, let me help. On 23rd Jan 1990 the interest rate was 17.50% under the Third Hawke Ministry.

Things remained incredibly f***ed in the interest rate department until The Keating Ministry in 1991, there upon the rate decreased significantly ultimately culminating in a low of 4.25% in 2001 under The Third Howard Ministry.

Shortly thereafter a mining boom occurred, combined with a housing shortage in many states, leading the people spending more money than they actually had (credit boom) and thus interest rates inflated.

I hope that helps clear things up.

but johnny howard told us that he could control interest rates cause he had this awesome power that could go against all the outside factors.

Point I was getting at, people (labor haters) said that under Kevin rudd that we would have a return on the 15%+ interest rates and the exact opposite has happened, they have gone down.

Granted Kevin rudd had pretty much nothing to do with it, just like howard had pretty much nothing to do with the interest rates going low, and then up again when he was in power.

But that wont stop people taking credit for it either way.

Point I was getting at, people (labor haters) said that under Kevin rudd that we would have a return on the 15%+ interest rates and the exact opposite has happened, they have gone down.

Yes, and thats why Labor haters are now eating their hats and admitting Kevin Rudd has a great handle on the economy.

people (labor haters) said that under Kevin rudd that we would have a return on the 15%+ interest rates and the exact opposite has happened, they have gone down.

Trust me, there's still time for him to f*** things over royally. This is why I'm making sure I have a large enough balance in my bank account so that I can f*** off overseas when the s*** hits the fan and come back when we have a somewhat more fiscally savvy government.

How is money in a bank account going to help you? Glad your'e not in charge of anything.

All I am saying is that for all the bigoted a******s in this country we are lucky to have a PM as impressive as krudd. It doesn't get any better than this!

I really don't like that the Rudd government is so interested in the environment. They do not possess the power to fix the Earth, if there is anything even wrong at all, but they will happily spend your money on pretending they can.

Posting in a political debate thread.

oh right, kevin rudd has the economy all under control because interest rates aren't at 16%+
oh wait, we're in a recession

oh wait, we're in a recession

He's done pretty well to get us in a recession so quickly, that or maybe there was some other factors contributing, I just cant think of what they would be right now, isnt there some financial crisis thing going around?

you just made my point for me, thanks by the way
he can't take credit for the current financial situation (the previous people posting about low interest rates - because of our current economy)

its also not howards fault, so its a moot point

I don't do politics. Explain why that is Rudd's fault kgo

he can't take credit for the current financial situation

You just made my point, thanks. Both Howard and Rudd didnt realy have that much to do with the interest rates, yet people on both sides will take credit when it goes there way, and blame the people in power when it goes against them.

Just like howard cant take credit for the huge ammount of dosh the australian government got becuase of the resourse boom, which allowed them to get the big budget surplusses.

Its the other stuff that we should judge the govenments on, stuff they have control over like hospitals, schools, Roads etc.

What are you talking about? Governments control monetary policy and tax. They can bend and shape an economy as they see fit.

The global financial crisis is like a tsunami. Monetary policy is like standing in front of it with an esky lid. Everyone is going to get smashed no matter what.

One thing I can say is that the Government by lopping $10b off its bottom line with a pointless economic stimulus package worsened Australia's relative position. When the government goes into deficit they will be borrowing money from taxpayers and worsening the nation's relative position.

And what was the purpose of the economic stimulus package? To create jobs and keep the economy going. But the package did nothing. There are no more jobs and it was totally ineffective. So now the budget is $10b down and we have nothing to show for it.

China's growth is slowing, the US is basically bankrupt and many of Europe's banks have been nationalised because they are worthless. No Australian government policy can change any of that (nor could it have prevented it).

Australia needs to batten down the hatches and invest government funds in expanding capacity so that when the global economy recovers we can capitalise on our preparation.

Rudd just wants to be seen pulling levers and pushing buttons like the good mandarin he is. But he is just shuffling deck chairs.

I think we pretty much agree infi, except I reckon Howard was s***, basically becuase how he f***ed people over with the work choices thing, which shifted things too much in favour of the employer.

I reckon Kevin's ok, he's still gotta prove that he can do all he reckons he can do.

I didn't say domestic monetary policy is going to stop a global financial crisis. One of the purposes of the stimulus package was to try and create jobs and speed up a slowing economy, the other reason was to help struggling people close to christmas.

There is no real waste in giving your citizens funds for the most part you will get it back eventually and you will see an immediate and easily reportable increase in consumer sentiment.

Yes 10bn is a lot of money but it was also designed to help struggling pensioners who would not have been discussed until parliment sits again this year. Labor recognised that there was problems now and did all it could without rushing into badly planned legislation being provoked by the liberal party.

Yes money will be better spent in infrastructure but there needs to be an individual human element to all government policy. If people are suffering then they want to be helped now. They won't be looking at the bigger picture.

So you are saying it is better to just hand out wads of cash rather than restructuring the economy through tax and welfare reform>?

I'm saying its better to piss 10bn up a wall now without any further commitment than to rush and update legislation that's going to cost an extra 40bn every year.

All of your silly politics aside, Howard can't bowl, end of discussion.

Point I was getting at, people (labor haters) said that under Kevin rudd that we would have a return on the 15%+ interest rates and the exact opposite has happened, they have gone down.

Yes, and thats why Labor haters are now eating their hats and admitting Kevin Rudd has a great handle on the economy.

Try to focus nF - you'll make it to the next sentence Viper wrote, which I agree with. Interest rates are incredibly complex and basically unpredictable - but like FOREX it doesn't stop people trying...

Point I was getting at, people (labor haters) said that under Kevin rudd that we would have a return on the 15%+ interest rates and the exact opposite has happened, they have gone down.

..

You just made my point, thanks. Both Howard and Rudd didnt realy have that much to do with the interest rates, yet people on both sides will take credit when it goes there way, and blame the people in power when it goes against them.

...

How are the RBA interest rates complex? Inflation goes up.. cash rate goes up.

yeh I voted for kruddles ..

I like the little nerd, I mean how can you hate a guy who gets pissed at a stripclub?

But I'm seriously underwhelmed by the Labor Government's 1st yr. Heck of alot of fail.

If the Libs kill that c***lord Peter Abbott, I might consider them next election.

Just vote democrat! you don't have to swing and you know you are getting value!

How are the RBA interest rates complex? Inflation goes up.. cash rate goes up.

lol, that much is true, but why inflation goes up and down which is the hard part

But I'm seriously underwhelmed by the Labor Government's 1st yr. Heck of alot of fail.

Well, they say that elections in an essentially two party system aren't won, they're lost - you vote based on who you DON'T want in Gov't.

Why is inflation the hard part? Demand goes up, price inflates

Why is inflation the hard part? Demand goes up, price inflates

Demand goes up, price inflates. Where do people get money to buy s***? They work. What do they do? A f***load of jobs, each industry with it's own micro-economy, all of which are difficult to predict (otherwise everyone would by shares or start a private business, amirite?)

I know you are trolling - keep over-simplifying it if it makes you happy.

hi

last edited by Ross at 00:59:19 24/Jan/09

Yes 10bn is a lot of money but it was also designed to help struggling pensioners who would not have been discussed until parliment sits again this year. Labor recognised that there was problems now and did all it could without rushing into badly planned legislation being provoked by the liberal party.

but this is the thing, i don't think people were struggling at that stage.

something like 40-50% went straight into savings (i think). thats billions which have essential vanished from the economy for the most part. that said i'm no economist.

the other thing i find a bit strange is that everybody seems to think the best way to save a slowing economy is to throw money at it. isn't regulation and market interference what got us in this mess in the first place?

also from what i gather, the action of government in the great depression made it worse. seeing theres a bit of talk that we are in for a similar ride this time around, maybe the best thing to do is to do nothing. or rather, don't treat the symptoms (like falling demand) and instead spend the money on trying to fix the bottlenecks and s*** for when the economy comes back to life.

really, when the economy hits rock bottom it probably just trims the fat. like if the economy is a hurd of wilderbeast and the gfc is a lion, its going to take down the least worthwhile. some companies will fold, some will merge, some with thrive. just like job loses, the first people to go are those who are redundunt in the first place. efficiency++

It was public opinion. They had opposition and the media jumping up and down about how bad the pensioners had it. 10bn isn't a lot in the overall scheme of things.

oh please, nobody put a gun to their collective heads. who EVER listens to the opposition anyway. 2 years out from an election, huge lead in public support. nows the time to make the hard decisions. half the old c***s will be dead when the next election is called anyway.

f*** anyone that voted for krudd

This recession is the result of a massive contraction in money supply via banks not renewing debt. Banks print money and in turn generate the booms we think are being fuelled by resources or tech or tulip bulbs.

These commodity booms cannot happen unless banks lend money on leveraged valuations because they are confident enough to accept greater levels of risk. So when during the credit crunch banks stopped renewing debt, the money they printed vanished. And we are not talking billions of dollars of supply, we are talking trillions.

Government don't issue the majority of money, banks do. So by the government releasing back into supply a meagre $10b which they originally took from taxpayers anyway isn't really going to do one iota to the domestic economy.

We will move out of recession when money supply stops contracting and that can only be reversed by banks becoming confident enough to lend again.

10bn isn't a lot at all.

One of my clients is the Dept of Infrastructure here in QLD. They have 40bn in federal funds earmarked for the next 30 years, just for QLD. The overall infrastructure plan is now at 108bn over 30 years across QLD across various funding sources.

So I guess Kruddy is spending on infrastructure after all...

This is why I'm making sure I have a large enough balance in my bank account so that I can f*** off overseas when the s*** hits the fan and come back when we have a somewhat more fiscally savvy government.

Not quite sure where you're planning on moving to, that has a sound, non-receeding economy...

Keep your job, save your cash, vote against him in 2010/2011. Moving OS anywhere without solid, stable employment, would be financial suicide.

just another thing.

to me the libs shot themselves in the foot last election.

they should have knifed howard and that arrogant arse-licker abbott 12 months before the election and put 'old smirky' in as leader. thats it end of story.

Why didn't they spend this on infrastructure like they originally promised? Oh that's right, Rudd is full of s***.

qft i reckon

Kevin Rudd is a patronising, shifty, slimy, union backing sack of s***...

I Want To Punch Kevin Rudd In The Face

isn't regulation and market interference what got us in this mess in the first place?

Wasn't it deregulation and less market interference that got us into this mess?

Wasn't it deregulation and less market interference that got us into this mess?

http://en.wikipedia.org/wiki/Nonrecourse_debt - aka, jingle mail

http://en.wikipedia.org/wiki/Federal_Housing_Enterprises_Financial_Safety_and_Soundness_Act_of_1992 - this was basically affirmative action, but for home loans. the idea was that people without a sound credit rating could get access to loans because of the area they live in, their race or whatever. there was a massive explosion in these, which raised house prices. the risk of lending to these people was mitigated because the housing market was going up (even with jingle mail), which made them more worth the risk. so long as house prices didn't reverse.

guess what happened.

last edited by nF at 20:11:40 24/Jan/09

guess what happened.

...What?

This recession is the result of a massive contraction in money supply via banks not renewing debt. Banks print money and in turn generate the booms we think are being fuelled by resources or tech or tulip bulbs.

Doesn't it take 3 years of negative growth for a recession?

The thing that s***s me about Labour/Liberal is that the more people realise that both parties are more interested in politics then doing the right thing for the country, the more people will vote for whack'o groups like the Greens and Family First. They are the real winners out of these sort of arguments and ultimately each time someone votes for the Green party we all lose.

just 2 quarters actually.

why does this thread read like news.com?

teach me something usefull poeple...

last edited by koopz at 23:07:35 24/Jan/09