Abbott leads most economically destructive government in Aus history

Ongoing big spending, expensive military action and mission creep (we're back in Iraq!), companies abandoning Australia, falling iron ore prices, budget negotiation failures, no real government growth strategy...

Get ready to pay for the financial destruction inflicted on Australia by what is coming to be known as one of the most economically destructive governments in Australia's history.

And things are about to get allot worse.

* Joe Hockey signals more budget cuts need to be made to pave way for new defence, security spending
* Economic experts: Hockey fabricated the "budget crisis" for ideological reasons, misled the Australian people
* 'Budget emergency' denied by 63 leading Australian economists who challenge government policy and state that "The most effective route to restored fiscal balance is to help more Australians find work, earn incomes, and pay taxes" in opposition to government policy.
* OECD saw the economy was originally in a considerably healthier state than Hockey tried to portray. But a crisis is now coming about due to Hockeys disastrous budget, tax changes and big spending.

 

That was definitely worth 3 thank you's shiney :lol:

 

Truly, only a complete ARTS GRADUATE would post this crap after the Rudd-Gillard-Rudd/Swan experiment put our economy into it's worst position on our entire history. And then who, with the intellectually bereft Greens block all spending cuts. Laughable.

(Edited for the sake of not being too rude).

 

Reno how any accounts do you have? Have you hacked SS?

 

At least they've solved the burdensome cost of Lost and Found offices.

 

I think there seems to be a denial of reality by some people. Such as the subject of this thread and Silverpete, sorry, your post. You're being torn up aren't you.

 

WORST POSITION IN OUR HISTORY.????

What about the Whitlam & Frazier governments. Ps.. Remember who the treasurer was in the Frazier government..?He told the nation that it was a billion $ in the red and it turned out to be $9billion.

Please tell me that the TPP AND THE BANK IN is not on the agenda at the G 20. Corporations dogging tax will divert attention away from the blue and green parties who probably both support the TPP AND THE BANK IN.

REGARDS ERROL 43

 

It's not so much Abbott and his government. We've had a few decades of economic central planning mismanagement which has all accumulated into the situation we have today. The mining boom and associated credit (debt) boom just covered everything up for awhile.

 

This is true and gets to the heart of the problem. Australian politicians of all affiliations are economic incompetents who have been lucky thanks to a multi-decade mining boom.

 

Why is strengthening investment, employment and growth absolutely unachievable?

 

I spoke to a very smart political analyst earlier this week over coffee (former ministerial adviser for the Labs). He pooh-poohed my view of central planning and pollies following orders. He pointed out Occam's Razor (among competing hypotheses, the one with the fewest assumptions should be selected. Other, more complicated solutions may ultimately prove correct, butin the absence of certaintythe fewer assumptions that are made, the better.) and said that the true situation was that pollies simply respond to political pressure - buying votes in essence.

His take on Abbott and Hockey was (coincidentally lol) the same as mine. They are acting upon an ideological basis and are politically incompetent.

1. Their ideology is a version of the US Neo-Con philosophy. He described them as not really liberal, but more Tea Party in application.
(Ref: Wikepedia - Irving Kristol states that neocons are more relaxed about budget deficits and tend to reject the Hayekian notion that the growth of government influence on society and public welfare is "the road to serfdom." Indeed, to safeguard democracy, government intervention and budget deficits may sometimes be necessary)

2. Incompetent because they have failed to capitalise on their political fortune and introduce changes in a way that carried the people along with relatively unpopular measures. (e.g foot in mouth Hockey, inept and dishonest Abbott - ie. 'promises' being broken). Howard was a master at manipulating his political fortunes and his will, something that his protege has no talent for.

At the macro level, my own view is that we are increasingly living in a fascist empire (the collusion of corporate and political power) and that the pollies have swallowed the view that they are 'the elite' and have sorted that sort of lifestyle for themselves (witness Pyne's or any other pollies' 5 star lifestyle) and they all believe the 'peasants are revolting' view of the population. Or as a politician I once met said "it would be a better job if you didn't have to suck up to (people)".

Abbott is incompetent, and he has decided the easy path to poll success is greed and fear, neither of which I think is a basis for fair or good government.

 

It's absolutely unachievable unless the government down-sizes and eliminates most taxes and much red-tape, allowing the free market to flourish.

 

Evidently now is the time to become a Defence contractor.

 

One can only hope that these cigar-chomping buffoons do not cause irreparable damage to the nation's economy before Labor's return to power.

 

I'm crying. Seriously. that's priceless.