Wayne Swan- deer in the headlights

[IQS.RLOW]

Wayne Swan told the ABC's 7.30 after the rate cut by the Reserve Bank: "Anyone using the term 'emergency' to describe our circumstances on interest rate setting is someone who isn't credible and can't be taken seriously." The host reminded the Deputy PM he described the 3 per cent cash rate in 2009 as an emergency

Feel free to paste in this thread this fucking idiots dribblings that he has managed to fuckup from trying to remember what a treasury boffin has told him but he can't understand it or can't remember it.

There is a reason why Costello is Australia's most successful treasurer...he didn't listen to treasury verbatim like Swan.

Costello understood economics like Swan never will

[mellie]

Costello understood economics like Swan never will

-IQ


Agreed!

[Rorschach]

Qualifications and occupation before entering Federal Parliament

* BA(Hons) (Qld).
* Lecturer, Queensland Institute of Technology 1976-77, 1981-82 and 1985-88.
* Policy analyst, Office of Youth Affairs 1978.
* Adviser to the Leader of the Opposition, the Hon. WG Hayden, MP 1978-80; Special Ministers of State, the Hon. MJ Young, MP and the Hon. KC Beazley, MP 1983; and the Minister for Foreign Affairs, the Hon. WG Hayden, MP 1984.
* Party official (see Party positions above).
* Adviser 1996-98.

Hmmm... nothing about finance or economics there. Seems to be a party hack with a BA.

[Aussie]

I wonder what he lectured in?

And Costello's formal qualifications are.......hmmmm??

[Rorschach]

Peter Costello has brought down eleven consecutive Federal Budgets, including nine surpluses, and has now completely eliminated Commonwealth net debt which stood at $96 billion in 1996. This means the Government is saving $8 billion a year in interest payments.

Peter Costello introduced the largest tax reform in Australian history, under the policy, endorsed at the 1998 election, A New Tax System.

During his period as Treasurer, financial supervision has been redesigned arising out of the Financial System Inquiry. Australia’s corporations law has been modernised under the Corporate Law Economic Reform Program. Australia has become a member of the international group of 20 countries (G-20) considered systemically important to the international financial system. Peter Costello has been a member of the IMF Executive, a Governor of the World Bank and Chairman of the Council of the Organisation for Economic Co-operation and Development (OECD). As Chairman of the G-20 for 2006, Peter Costello hosted the annual meeting of Finance Ministers and Central Bank Governors in Melbourne in November. He will be the Chairman of the APEC Finance Ministers’ meeting in 2007.

Peter holds degrees from Monash University where he was, for a time, a part-time teacher in law and economics/politics, as well as a member of the University Council. Prior to entering Parliament, he was a barrister. He was counsel in some of Australia’s best-known industrial disputes and was a regular advocate in National Wage cases.

Peter Costello (LLB (Hons) 1980, BA 1982) is Managing Director of BKK Partners Pty Ltd, a corporate advisory firm, which he joined in November 2009 after serving more than 19 years in the Australian Parliament.

Mr Costello is currently a member of the Independent Advisory Board of the World Bank, which advises on transparency and anti-corruption measures, and a Guardian of Australia’s Future Fund.

In comparison Swan is odious.

[Talking Horse]

Good for australia Costello was a backbencher in 2009. Swan has done well, look at out AAA ratings, first time ever we got three of them.

[IQS.RLOW]

Hi Monk

[Rorschach]

OMG Stalking Horseshit posted Monkey Boy's stupid argument... how surprising.

We had AAA under Costello dumbo and you don't need 3 agencies to give them too you. if the rest of the world were doing so badly back in Keating and Costello's days both would have had the same thing... not that it matters. Because in all honesty the ratings agencies suck and were one of the main reasons we had the GFC.
Didn't you know?

[Aussie]

Hi Monk

Would this be harassment of a new Member, AiA?

[Rorschach]

Nope... it's harassment by an old member under another id... an IMPOSTER.
but we know who he is... so he can flame away and expect as much in return.