Some nuggets in this: Holt Debt GDP as a measure p.s. Australia Institute https://en.wikipedia.org/wiki/The_Australia_Institute
While I don't entirely agree with the article. It is true that Howard was just a good downhill skier. All he did was untap all the bottled up capital that Keating had restrained after deregulating the banks and floating the dollar. Keatings' early 90's "recession we had to have" was just the medicine needed to cure the hangover from the 80's. And that was caused by the choke hold Frazer had to introduce after Whitlams drunken spending. Ultimately we voters are the chumps left holding the bill. P.S. not sure if I'm using that possessive apostrophe correctly after their names :/
Anyone who watched what happened to the national treasury during the Swan/Gillard/Rudd era knows that they cratered it. Abbott inherited that crater, said that we had a budget emergency and the Left derided him including people who have posted in this thread. The Leftist senate blocked him from making any budget repair. Turnbull inherited the crated that Labor and the Greens prevented Abbott repairing. He has done nothing so I agree that he is a terrible economic manager. But worst economic manager? Who is worse - The party that destroyed treasury or the party that failed to clean up the mess? And now we have the Labor leader promising to implement Abbott's spending cuts. Sorry, though this article is purportedly from the Australia Institute think tank there are three things here: The Australia Institute is aligned with the Greens, the Guardian cherry picks it's sources to provide a Leftist spin in all of their reporting and this thread was created by a far leftist using an emotive title. Anyone who doesn't recognise that the explosive decompression that put Australia into it's economic tailspin was from Gillard/Rudd/Swan is blinded by ideology. The current Liberals may be worthless but Labor is wantonly destructive.
Fixed. Surely nobody could ever challenge Rudd/Gillard for most incompetent economic managers of Australia......
Richard "Dick"Denniss. Professional Socialist and full-time Wannabe Re-distributor of Other People's Wealth.
If you'd been paying attention for the past 5 years Jules, then you would realise everything that needs to be said about Sick Dick Dennis's data and conclusions has already been said.
Conclusions arrived at from received data is that you create a lot of threads with limited to no actual evidence supporting them.
Yeah. I'd argue that the conclusion you reached in your thread title is in no way reflected in the data. Not sure how you made the link you did, but it's impressively dreamy. :lol:
It's the title of the linked article: Abbott and Turnbull the worst economic managers since Menzies Unfortunately, insults and knee jerk responses are somewhat typical of the quality of political and economic debate in this country, and I'm sure politicians and those who manipulate them are well aware of the power of keeping people distracted and divided. We are f*cked as a nation. No ifs, no buts, the nation is on the path to utter financial ruin and a complete loss of liberties unless people grow the f-ck up and look at how they are being played.
Ignoring all of this data, you still can't deny that the current government has failed to deliver on their tough pre-election economic talk. They simply removed the debt ceiling, borrowed like drunken sailors and continued down the path of destroying personal liberties.
I can look at presented arguments on politics without bias as I dont have to vote. I know how my life as an adult has been under several labor govts and several liberal govts. For me whilst this country has been governed by Liberals me and mine have been better off than under Labor. Im not say Liberals are doing/ have done a stellar job but they have continually performed less poorly than Labor when it comes to looking at my personal P&L statement. When an argument is presented for or against either side or on any topic that doesn't add up I will question it irrespective of whom presents it. I guess thats why Im such a favourite with lecturers at college.
Have you seen the change in NDI (net disposable income) over the last few years? You personally (and myself) might be doing better but the nation overall is going down the drain economically.
From: GDP in detail: Housing bubble masks income shock http://www.macrobusiness.com.au/2016/03/gdp-in-detail-housing-bubble-masks-income-shock/
We can only hypothesize if things would have been better if Labor won the last election. My money would be on "No and in all probability worse".
Things would probably be much the same because governments aren't addressing the fundamental economic and business issues. In fact, I'd even suggest they can't until things get far far worse.
