Reasons not to vote LABOR.

[Jovial Monk]

Sure after the recession was over about 1996, eventually the AAA came back from Moody’s and S&P, not from Fitch:

Fitch upgrades Australia to AAA

November 29, 2011

Australia is regarded as one of the world’s safest borrowers, after a global ratings agency upgraded the country to the highest possible rating for its overseas borrowings.

Fitch Ratings upgraded Australia’s foreign currency issuer default rating to AAA from AA+, joining Standard & Poor’s and Moody’s in giving Australia the highest possible rating.

http://www.smh.com.au/business/markets/ ... 1o41j.html" onclick="window.open(this.href);return false;" onclick="window.open(this.href);return false;

So, like I said, Costello never managed three AAA ratings, Swan did. That is what I claimed, that is what I showed.

[Black Orchid]

Both Moody's and Standard & Poor's downgraded Australia's credit rating in 1986, and both agencies further downgraded Australia's status in 1989

Labor 1983 - 1996

In 2002, Moody's restored its AAA rating and then Standard & Poor's followed suit in 2003.

Liberal 1996 - 2007

So it took Labor just 3 years to totally trash our AAA rating and then it took the Liberals 6 years of hard work to restore what should never have been lost by Labor and after Labor left the country with a $96 billion debt. Well done. Great bit of info. Thanks

[Jovial Monk]

I don’t know what the fuck that onclickblahblah shit is but I hope that crap gets fixed pronto.

[Black Orchid]

Oooops didn't see your post previously Neferti

[Rorschach]

Now you tried to imply Costello never has a AAA rating...

Once more into the Fitch dear Jm...

Credit rating agencies such as Fitch Ratings have been subject to criticism in the wake of large losses in the collateralized debt obligation (CDO) market that occurred despite being assigned top ratings by the CRAs. For instance, losses on $340.7 million worth of collateralized debt obligations (CDO) issued by Credit Suisse Group added up to about $125 million, despite being rated AAA by Fitch.

Not really worth the effort... they (ratings agencies) were a major contributor to the GFC

I already complained/enquired about onclick ages ago Monk, there's a topic for it somewhere.

[Jovial Monk]

Amazing what a recession will do, eh?

Howard left a huge fucking mess for Keating to clean up. Keating majorly transformed the economy, floating the dollar, making dividends tax free, starting award super and more. That $96Bn “Labor debt” included national debt dating back to WWII, some Howard debt etc.

Can we get back to adult behavior now?

[Rorschach]

We can all keep trying Black Orchid, but there must be some sort of invisible FARCE Field around his head.

[Rorschach]

Howard was stopped by Fraser from doing things he enabled Keating to do, then Howard did what Keating could not... he brought in the GST.

You really are light on in this stuff aren't you.

[Neferti]

Oooops didn't see your post previously Neferti

No problem, Orchid.

[Neferti]

Amazing what a recession will do, eh?

Howard left a huge fucking mess for Keating to clean up. Keating majorly transformed the economy, floating the dollar, making dividends tax free, starting award super and more. That $96Bn “Labor debt” included national debt dating back to WWII, some Howard debt etc.

Can we get back to adult behavior now?

Evidence. You are, again, trying to blame LABOR's problems on the OPPOSITION.

Howard was ONLY OPPOSITION Treasurer .. before KEATING it was HAWKE (he is ALP, isn't he?) ...... HOW can you blame HOWARD for problems when he was ONLY a Shadow Treasurer.

You Leftards do really and truly have some loose nuts and bolts.