Ross Gittins describes in detail how the economically illiterate Tip caused inflation and interest rates to go up.
The Rodent and his pork barreling didn't help, but Tip was Treasurer.
http://www.theage.com.au/news/Ross-Gitt ... 70320.html
Costello was a crap Treasurer
Forum rules
Don't poop in these threads. This isn't Europe, okay? There are rules here!
Don't poop in these threads. This isn't Europe, okay? There are rules here!
Re: Costello was a crap Treasurer
I remember interest rates increased in 2005. Was that the year the RBA went crazy or was that in 2006? I forget. Forget wealth creation and prosperity, any country with the inflation levels of the past few years would head towards a frightening meltdown. It could have been kept under control and life would have been alot easier today if both governments stopped trying to be popular with the money-hungry middle class.
Re: Costello was a crap Treasurer
It wasn't the RBA went crazy, just the economically illiterate Tip and his puppet master the Rodent!
The RBA was just trying to do what Tip himself had tasked it to do!!
All blame is due the dickheads running Australia 1996-2007!
NEVER forget that!
We could have had Universities the envy of the world! Students from all socio-economic strata! Instead we had cash-strapped Unies taking full-fee-paying Asian students and, not willing to slaughter the goose that laid the golden egg, never failed any! Needed the fees! So standards started slipping!
Could go on and on. Fucking toerag Howard spent every fucking cent of the tax revenue from the minerals boom 2001-2007, all $390Bn of it! As confirmed by Saul Eslake, chief economist of ANZ!
The RBA was just trying to do what Tip himself had tasked it to do!!
All blame is due the dickheads running Australia 1996-2007!
NEVER forget that!
We could have had Universities the envy of the world! Students from all socio-economic strata! Instead we had cash-strapped Unies taking full-fee-paying Asian students and, not willing to slaughter the goose that laid the golden egg, never failed any! Needed the fees! So standards started slipping!
Could go on and on. Fucking toerag Howard spent every fucking cent of the tax revenue from the minerals boom 2001-2007, all $390Bn of it! As confirmed by Saul Eslake, chief economist of ANZ!
Re: Costello was a crap Treasurer
Yes the coalition sure knew how to blow money on pork barrelling. The multi millionaires who invested their property portfolios and cash in the Howard/Costello tax free super scheme established especially for the mega wealthy have lost out big time. The whinging about it now would be laughable if it all wasn't so sad.
But Celetina has a point - we would have so much more in infrastructure and social services now if it wasn't for Howard's vote buying and Rudd's inability to establish stricter means testing. All that money - gone - like a puff of smoke.
But Celetina has a point - we would have so much more in infrastructure and social services now if it wasn't for Howard's vote buying and Rudd's inability to establish stricter means testing. All that money - gone - like a puff of smoke.
Re: Costello was a crap Treasurer
coupled with their fantasy.. Australians have never had it better.
I think that's what ultimately fucked people off. Pigheads surrounding themselves by another bunch of pigheads and blowing smoke up each other's ass. KRUD was right they were out of touch. Anybody involved with communties would have been able to gauge the difficulties that alot of people are facing.
The Universities and any other institution that helped with science, arts and culture suffered due to howard's disrespect to these vital establishments.
However fear politic's is what got me.
"Beware of the slippery slope, one day its national security. The next day is checkpoints going from one state to the other, the next is some thick moustached guy telling you, are your papers in check and have you had any affiliations with other parties other than the evangelical christian party.
Good luck to every one. Keep the bastards honest.
I think that's what ultimately fucked people off. Pigheads surrounding themselves by another bunch of pigheads and blowing smoke up each other's ass. KRUD was right they were out of touch. Anybody involved with communties would have been able to gauge the difficulties that alot of people are facing.
The Universities and any other institution that helped with science, arts and culture suffered due to howard's disrespect to these vital establishments.
However fear politic's is what got me.
"Beware of the slippery slope, one day its national security. The next day is checkpoints going from one state to the other, the next is some thick moustached guy telling you, are your papers in check and have you had any affiliations with other parties other than the evangelical christian party.
Good luck to every one. Keep the bastards honest.
Who is online
Users browsing this forum: No registered users and 24 guests