Wayne Swan: economic numpty

[Rorschach]

Didn't you know Wayne was the world's greatest treasurer?

Idiot!

[Rorschach]

http://www.abc.net.au/7.30/content/2013/s3759324.htm" onclick="window.open(this.href);return false;

My only question is why didn't Sales go harder and call him an idiot.
Pull him up sooner and nail him on his lies and stupidity.

[Aussie]

Didn't you know Wayne was the world's greatest treasurer?

Idiot!

Yes, I knew, seems you didn't.

[Jovial_Monk]

http://www.abc.net.au/7.30/content/2013/s3759324.htm" onclick="window.open(this.href);return false;

My only question is why didn't Sales go harder and call him an idiot.
Pull him up sooner and nail him on his lies and stupidity.

I doubt Sales has enough IQ—tho more than roach & IQ combined—to trip up the Treasurer who guided us through the GFC without one quarter of recession:

http://www.independentaustralia.net/201 ... he-budget/" onclick="window.open(this.href);return false;

[IQS.RLOW]

Spam your ALP financed blogs all you like, the baseball bats are out for the ALP fuckwits and its going to be beautiful in its ugliness

[Aussie]

Spam your ALP financed blogs all you like, the baseball bats are out for the ALP fuckwits and its going to be beautiful in its ugliness

Tell me NOIQ, if as you seem confident, Abbott wins in September, who do you reckon will be his Treasurer?

[Jovial_Monk]

Do the ALP finance IA? Really? You got the receipts?

[Aussie]

Spam your ALP financed blogs all you like, the baseball bats are out for the ALP fuckwits and its going to be beautiful in its ugliness

Tell me NOIQ, if as you seem confident, Abbott wins in September, who do you reckon will be his Treasurer?

Oi, NOIQ.......cat piss on your keyboard? Who will be Treasurer if Abbott gets up?

[Rorschach]

When are the ALP rusted-ons going to post some facts for a change or debate real issues the posting of propaganda and political bias here is a tad boring Monkey Boy.

[Rorschach]

ALP's shredded election hopes
SIMON BENSON THE DAILY TELEGRAPH MAY 17, 2013 12:00AM


WAYNE Swan's explanation this week for how he got the Budget numbers wrong was extraordinary.

His analogy seemed to suggest that he had forgotten to factor in the risk that Earth would be struck by an object from space.

"I was thinking what if, when I was here last time, I had said 'oh well, these numbers on the Budget paper we don't think we will necessarily get there. We think they could be derailed by something that might just come, a killer satellite may come along," he told the National Press Club.

If only he had consulted NASA. It has a far better record at predicting when satellites and meteorites might hit Earth, and they monitor such near Earth objects closely.

The problem with Swan's celestial simile is there

was a satellite that hit our part of the E arth a long time ago, and it's called the high Australian dollar.

To claim no one could have foreseen what was coming isn't exactly right. Someone did. The forecast of the dollar remaining around parity was contained in Swan's last budget and the one before that.

That is not to say Swan could have done anything about it. It's hardly surprising that the Budget has landed with a thud.

"This f...ing Budget is like Skylab. Everyone knew it was coming down and it has now disintegrated all over Australia," was how one Labor MP described it yesterday. "And now the caucus will have to try and dodge the debris."

The Treasurer's message from the Budget was the world had changed in 12 months and all of us needed to adapt to the new economic reality.

The new reality for Labor MPs, however, is that as they head toward the election, their glossy colour brochures of the last budget promising constituents that they would be getting new family tax benefit payments worth up to $600 don't look so glossy any more.

Even the Prime Minister herself had produced a pamphlet to all the voters of Lalor telling them how better off they would be.

"We have been out there telling everyone that they will get all this money now we have to go and tell them that they won't," said one MP.

"And it's not as if we didn't already have some problems with our message."

Swan appears not to have grasped the concept that over promising and under-delivering gets people

very grumpy.

And this has been the theme for the past two years.

Like it or not, it will the job of Labor MPs to deliver the message, "we was wrong".

"The world had an economic party and we are now suffering an economic hangover," said another Labor MP who accepted the need for the austerity but wasn't relishing the task of having to tell his constituents.

"The public has to come to grips with this and we have to explain the realities to people on the ground.

"People understand it, not everyone is happy with it and yes it's going to be a difficult sell." But this is going to be Tony Abbott's problem too.

Like Swan, he has promised much, which he may not be able to deliver.

Unless he takes control of the world economy singlehandedly, there is little Abbott or Joe Hockey can do that will make much difference to the broader economy, apart from restoring confidence. Abbott's fall will come if he

too fails to deliver - and so far

he has made some mighty claims, such as stopping the boats and bringing down electricity prices.

The one thing Abbott can take control of immediately, however, and needs to, is the behaviour of some his MPs and staffers. He was reportedly furious with his colleagues when on Tuesday night they burst into laughter during Swan's speech at the mention of the word surplus.

Abbott knows that there is fear in the community about the state of the nation's finances - partly due his own scaremongering as much as Swan's mismanagement - and the last thing he needs is to convey the message that the Coalition are treating these fears as a joke.

An arrogance that suggests that they all think they have won the election four months before it is due will also

enrage voters.

For instance, there was a rather large contingency of Liberal staffers from the NSW government in Canberra on Tuesday for Budget day.

God only knows what they were doing here.

But one insider who observed their behaviour said you couldn't help getting the impression that they were measuring up the curtains for their new offices.

And then there was the Liberal candidate who recently had the temerity to call a sitting MP and ask them how to organise their travel to Canberra.

He was quickly reminded that the best thing he could do was to try and win a seat first.