Abbott leads most economically destructive government in Aus history

Discussion in 'Markets & Economies' started by SpacePete, Oct 1, 2014.

  1. hawkeye

    hawkeye New Member Silver Stacker

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    They are economically incompetent. And it's not their fault that they are, it's simply a fact of economics. It's just that any honest politician would admit such a thing rather than continuing the charade.

    For example. Let's say you were going to sell widgets. You make a business plan, you get the investment money, build factories, set up distribution chains etc. You do that all for the amount of money you initially budgeted for. When the product goes on market, hardly anyone wants it. So, despite the fact that you did everything you said you would and for the price that you said you would and actually produced it all within the set parameters, it was a failure because it was not what the market (people) wanted. That's why government doesn't work. No efficient feedback mechanism.

    What does politically incompetent mean?
     
  2. hawkeye

    hawkeye New Member Silver Stacker

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    Well, it's the equivalent of a few hundred years ago when all the credentialled, well-respected scientists were claiming that the sun revolved around the Earth while a few radicals had a different, simpler theory that actually fit the facts and made a lot more sense. That's the state of economics today. The mainstream is just flat-out wrong. The reason they are wrong is because the establishment economists are apologists for the government, rather than people who develop theories based on facts and evidence.
     
  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Slight correction, it was 471 years ago but it took till 1700 AD or so for wide (public) acceptance without fear of persecution. It wasn't a time to go pissing off the Catholic Church. Interestingly, the first person to have proposed heliocentrism (where the Earth revolves around the Sun) was Aristarchus around 2280 years ago (c. 270 BCE).
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    It means having mastered the art of government. ;)

    Being politically incompetent is the height of achievement when governing, as all governments by their nature are incompetent. Those that are not politically incompetent are referred to as less politically incompetent, and by their nature they cause less damage than those who are termed politically incompetent, Bob Katter would fall into this category. There are others who we could term "politically irrelevant", and "politically incontinent". David Leyonhelm would probably be referred to as someone who is politically irrelevant as no-one will listen to him, this includes the vast majority of the electorate, whilst the majority of PUP and Greens Senators are politically incontinent.

    I hope this has gone some way to answering your question.
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    To quote the old saw - politics is the art of the possible - being what is actually achievable of your ambitions within the constrictions of the political sphere you work within.

    If you're married you'll understand the concept :D.

    I'd say political incompetence is throwing away a 6 or 7 point 'preferred Prime Minister' lead in your first six months in office, whilst achieving non of your objectives since you've blundered into power with the swagger and sensitivity of Bob Katter at a public hall meeting. It would also include using ideology as your unbending rule in a win-lose confrontation.

    Political incompetence is being photographed with cigar and champagne and loudly proclaiming that 'poor people don't drive far since they can't afford cars anyway'.

    Political incompetence is informing the population that you'll have to introduce further welfare cuts because of the extra costs you've incurred 'fighting terrorism' in Australia (especially when the first anti-terrorist operation drew one charge of 'illegal ammunition', and the first 'terrorist' shot dead on Australian soil was some poor teenager with an Afghani hero in the family.

    Political incompetence is taking your wife on a $20,000 whistle stop European holiday (against convention) and then saying loudly 'the guidelines allow it'.

    Political incompetence is toasting the Cambodian deal with champers for the news cameras, when almost every Australia only remembers the Killing Fields or knowing that Cambodia is 'heaps poorer than Bali' (or Phuket or wherever they last holidayed).

    And finally, political incompetence is making yourself Minister for Women when sexism in Australia is such a potential political problem.
    (see http://www.theguardian.com/world/20...-australia-rise-women-tell-study?view=classic - or look at how social media treats Abbott and his sexist conservatism)

    (unless of course Occam's Razor doesn't apply, in which case, you've failed to please Rupert Murdoch in some way and he pulled his support from your government, and you're desperately sucking up the America in the hopes that 'Warlord Abbott' will help the population forget about all those 'not promises' you didn't break ).
     
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    ^^^ and anyone who believes that is politically naive.
     
  7. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    There's plenty more :)

    Political incompetence is allowing the government's business adviser, an ex stockbroker and investment banker, to very publicly launch inexplicably stupid attacks on science based on bizarre conspiracy theories.
     
  8. Ronnie 666

    Ronnie 666 Well-Known Member Silver Stacker

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    Little difference between Abbott and the previous incompetent fools (aka Rudd and the red dragon). The previous lot took us from +tens of billions to - hundreds of billions. On what ? Pink batts, school halls, massive government and regulation and other Socialist plans. Abbott is redirecting this to arms (2nd hand hand-me-downs from the U.S.). It's a 2 headed monster. Oh I forgot the greens, they form the excretory passage of the monster. God help us...
     
  9. hawkeye

    hawkeye New Member Silver Stacker

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    lol. My initial thought was that it simply meant someone who was not a very good liar.

    Yep, but Ptolemy wrote his treatise on geocentrism and that carried the day for centuries. Kind of like "The General Theory of Employment, Interest and Money".

    Let's hope it doesn't take that long for economics to get it's act together. It's one of those situations where I guess we are now waiting for enough of the older guard to die off while the younger guard gradually take on the theories which actually make sense and the macro-economic nonsense gets phased out.
     
  10. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Political incompetence is being thrown out of government in a 118 year record landslide loss to an extremely unpopular opposition leader, a third of your cabinet ending their political careers because if it, your treasurer losing his seat and his career, your PM's never even serving a full term before being brought down by their own party, your ex PM in front of a Royal Commission being investigated for fraud, your new leader embroiled in a rape allegation and your ex prime ministers both writing books full of excuses for their failures and vicious personal attacks on one another and what's left of your party fighting factional brawls.
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Political incompetence is gaining a loyal following of people like RNC.
     
  12. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    And that about sums up your debating skills. Nice.
     
  13. JulieW

    JulieW Well-Known Member Silver Stacker

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    Yes indeed. If you need more evidence of how elitist and above themselves the politicians have become, both this, and their current behaviour is the perfect illustration.

    Prediction : We will see a 'UKIP' (not PUP!) rise to prominence over the next 5 years.

    These clowns are killing off the two party system (which is good unless it ends up as a one party system)
     
  14. errol43

    errol43 New Member Silver Stacker

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    Does it really matter if THE GOVERNMENT NOW IS BLUE OR RED that WITH MINING REVENUES way down, taxes dropping like a stone, New spending like Gonske amd the NDIS plus the NBN..

    Where does Joe get the $$$$ from?

    Now he has a new war to pay for and home security as well. We have to pay the USA for the bombs that our Super Hornets drop.

    PETER COSTELLO got it right, last election was not the time for extra $$ to be spent but both the red and blue teams have no option but to bribe the Australian voters to get elected.

    Look at the manufacturing jobs lost over the last couple of years,, High paid jobs lost. The Liberals have gained power at a bad time and they will have a hard time convincing Australians that the economy is great so they have to change tact and hope that overseas issues become major election issues.

    Incidently, Campbell Newman faces the same problem here in QLD. He has to hope that the G20 gets him brownie points for the Qld economy is in dire straights here in Central Qld.

    Regards Errol 43
     
  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Pfffffft, nearly spat my drink all over the laptop when I read this, I can think of a couple of members on this forum who suffer from ADS :lol: :cool:

    Alan R. M. Jones writes in the latest "Quadrant Online":

    Read more here: http://quadrant.org.au/opinion/qed/2014/10/acute-abbott-derangement-syndrome/

    We need a "Tag" button, just like facebook. SilverPete :p
     

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