WWCC - Loyaulte Mi Lie
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#408. Sixty three not out forever.
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R.I.P Fardin 'Bob' Qayyumi
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"How about you do something contstructive in this forum for once and not fill the forum with ****. You offer nothing." - theegyptian.
Old-timers, can you name the last AG who was as high-profile publicly as Roxon is? She seems everywhere these days.
+ time's fickle card game ~ with you and i +
My knowledge on these to this is like yours re golf, cricket, AFL mate... I once went to a lunch where Bernie Fraser gave a speech. Makes me an expert using your rationale.
Anyway, as for AGs, Lionel Murphy led a raid on ASIO HQ in the 70s. Gareth Evans was high profile during the Franklin Dam case.
I think either side of politics would want to use the strongest industry to benefit the country - oh wait, the Libs don't want to tax the companies in that industry who ship all the funds offshore. We're good at mining and it is strong as a sector. We'd be stupid to not take advantage of it, and even dumber to simply let the multinational corporations take the resources and give very little back to the country.
Often I hear manufacturing brought up as being highly uncompetitive, but there's absolutely nothing either the Liberal or Labor party can do about that. We have a base standard of living that is higher than anywhere else in our region, and let's face it, no worker will take the wage cuts necessary to let us compete with China on a manufacturing level (not that it would let us compete, anyway. It's a waiting game until China unionised). Our services sector is still good, as far as I am aware, steelworks is apparently alright as well (I mean, Whyalla still exists) and there's no stopping the decline of retail.
Now I'm not going to say things are great in Australia, but we're well ahead of the US in our economic situation, and lightyears better than Europe. The fact that the big US banks put the world economy in deep **** for a couple of years doesn't help; we haven't fared half bad in the fallout. We're running a budget surplus (albeit a very small one that we really shouldn't be running, but at least it's one promise kept in politics), have low unemployment and aren't inflating by huge amounts. Consumer spending is up, we've, generally speaking, got money in our pockets and we're making an effort to be environmentally sustainable.
Ignoring the Carbon Tax (which I support, but understand the opposing POV), the ALP's economic management hasn't been too bad, as far as I can tell. Obviously I'm not a trained economist (or not yet, at least), but we're faring better than the rest of the world, even if it is on the back of mining. It's idiotic to say 'the economy is **** if you take out mining' - yeah, just like China's is **** when you take out manufacturing, or Singapore's is **** when you remove services and/or retail.
There are factors far beyond any government's control that are influencing the economy, and thus interest rates, as far as I'm concerned.
We might be running a budget surplus. Let's not get ahead of ourselves here, especially with commodity prices looking decidedly wobbly.
It'll be the South African Rebel Tour of budget surpluses.
Diplomatic expertise there?
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A follower of the schools of Machiavelli, Bentham, Locke, Hobbes, Sutcliffe, Bradman, Lindwall, Miller, Hassett and Benaud
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Ackerman laughing off rape, Pyne defending Jones. Absolute ****s.
Pyne once again proving why he's the most hated man in Australia.
Last edited by Dan; 08-10-2012 at 06:07 AM.
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