you dont need a first homeowner to buy a property for the FHOG to inflate prices apologies for the assumption BTW
One sector of the economy? which sector would that be? it helped our entire economy .Be thankful they did something to help or your house might be worth nothing & you might not have a job . A bit narrow in your thinking there yippee
Stuff we're in the process of dealing with (because we have time available to do it): - Paying down consumer debt, - Increasing household savings, - Not continuing to bid house prices up to insane levels, - Reducing energy consumption, - Planning the next generation of energy infrastructure, - Planning and building the next generation of telecommunications infrastructure, - Debating issues surrounding the security of our food supply, - Acknowledged issues surrounding foreign investment, - Rationalising our manufacturing sector, - Re-evaluating the commercial worth of our natural resources, - Clarifying our requirements for private and public infrastructure pipelines, - Reduced exposure to toxic securities, - Reduced amount of risky financial products on the market, and - Increased capitalisation of our banks. We haven't just sat on our collective arses since the GFC. Look at all the other countries working to tight deadlines just to hold things together, like the United States being days away from defaulting just a few weeks ago. We're nowhere near that level of urgency.
Nothing like could've developed and what's happened overseas. Wouldn't have much point in all the economic reforms we've done over the last few decades, and the pain it caused, if we'd just let it go down the toilet with the rest of the western world. Might as well got had a party like the rest of the western world. Our economy is still doing pretty well despite floods, fires and a high dollar.
If Swan was such a fantastic treasurer he would be trying to stop his loser boss from removing a billion dollars a year from the Australian economy to be sent overseas for Goldman-Sachs and JP Morgan and the other investment banks to play carbon dioxide derivatives with. But, hey, what's a billion dollars to us? It's not like we need it here.
yeh - and the other 10 billion dollars stolen through this toxic tax (in year 1) will no doubt be pulled through their arses - just like all the rest is...
australia is hopelessly, inexorably leverged to china, just a derivative mere flotsam and jetsam that's where our chessboard piece is positioned it is ok now - but any sensible read of it = DOOM once the china realestate bubble folds, as it must, as all fiat bubbles must It was Costello who introduced FHOG and K-rudd turbocharged it We are in for a thorough reaming - the only question is when, not if don't be caught with your pants down
For the sake of accuracy, in all but name perhaps, the FHOG was also around back in the 1970's and 1980's.
23. September 2011 12:30:17 AUSTRALIA: Standard & Poor's Ratings Services has affirmed Australia's AAA long-term and A-1+ short-term sovereign credit ratings with a stable outlook, Bloomberg reports. Is short-term referred as the labour factor here ?
Big A.D. Instead of listening to the sound bites from your daily Labour Party podcast. How about you use that time more constructively and schooling yourself a little bit about economics. Here is a great place to start. http://mises.org/
Great an Auction I love auctions! I'll beat Yippies trade by swapping 940 our entire government including the opposition the greens and the independents AND the last of our gold for Ron Paul. Give him a 15 year dictatorship in Australia we'd have all that gold back plus a good portion of what the US has no problem.
Yep that's accurate. Here's $900 bucks go buy a a TV well have time to sort out that debt down the track. Hmm FHOG didn't do that did it? Oh that's right, yes it did, but instead of that happening in 2008 like it needed to, it sucked in thousands of low equity first home buyers that will see that FHOG and their own equity eaten away pretty soon. Hmm forcing the price of energy up in leiu of the cheap coal fired stuff during a recession. That's great economics Would have been great in isolation, but of on top of a 150billion debt binge probably not the right time to be doing it. Plenty of debating, yep they are good at that, in the mean time billions upon billion in future food revenue is being sold off to the Chinese -for ever!. Lol acknowledge all you like, but we have done nothing in over 4 years to address the problem that foreign banks decide the interest rate now not the RBA. is rationalising your fantasy word for "killing it" or "sending it off shore"? You mean leveling the playing field and canceling out the current advantage we have over African and South American nations don't you? What? whose reduced exposure? Mind clarifying how they did that? Or are you referring to the RBA buying up $57 Billion in MBS to bail out our insolvent safe banking industry? Surely you jest? Legislation of covered bonds(with the agreement of the coalition), and a banking industry that has increased it's foreign debt, and again lowered it's lending requirements back to arguably sub prime levels? We? Are you part of the Labor party? Although it has been pointed out to you dozens of times, you continue to ignore the fact Australia was in a significant surplus, with a future fund that was on it's way for accounting for the governments unfunded liabilities. So even a blind monkey at the helm when Labor took over would still have us no where near where the other countries you keep comparing us with. We are no where near where we were now with 150billion and growing in debt and to get them into surplus, like you always believed they will, they have to steal debt repayments (the future fund) in order to get into surplus. I know when that happens you will crow about the Surplus, but my friend substituting more unfunded liabilities for more debt isn't a surplus. Smoke and mirrors from a political propaganda machine. But you are right we're no where near that state of emergency now, but we are a lot closer to it than we were before Labor took over!
Mate, I've said this to you before: I am not a fan of the current Labor government. I think the current government is weak and the current opposition is moronic. That doesn't change the fact that the Labor government did a whole bunch of stuff during the GFC that other countries didn't do and we're okay while they're stuffed.
