IMO Morrison needs to take a few lessons from Costello..He speaks far too fast...Costello warned before the last election of spending too much on Gonski and the NDIS but did anyone listen/ No They didn't. Why? Because they wanted to get elected. Costello knows that it is not the time to give tax cuts to big business...Morrison is backing business growth by cutting $32 billion from Company tax while at the same time saying he is going to stop the tax evasion from big business... If the world economy slows then Australia might not have as much tax dollars to spend...Meanwhile Shorten is going to scrap the Company tax cuts and spend it on Schools and health. You may well argue which of these two options is the correct one. However not one red or blue politician warned of the GFC in the election of 2007. Why should they be any better this time? Swan, Hockey and now Morrison IMO have nowhere near the credentials to be a great treasurer like Costello or Keating. Their only mistake in my opinion was not to take advantage of the Mining boom and put some $$$ away for a rainy day. Now the Reserve bank is getting into the act by putting in their two bobs worth before the election...Why, they never used to. Maybe they are worried about the world's economy! Q.. For Morrison, What will he do if we have another GFC...Borrow to get out of the SH.. or make us all suffer? Regards Errol 43
Morrison makes Swan look good, and Costello and Keating geniuses. He's the last person I'd want guiding us through GFC2, especially with no piggy bank this time for $1000 cheques.
Costello started the future fund didn't he? Yes he had the benefit of the mining boom but I thought he was a good economic manager. I remember when he announced that a financial hurricane was coming, I can't see many politicians doing that.
The public image of an Australian treasurer is a reflection of the private image of those who drive the budget agenda.
It's the bit they grasped when the economist said something about Keynes. What they heard was "throw money and hope".
Yep, but Swan, Rudd and Gillard made short work of that using it for a "fiscal stimulus" (aka, big-screen TV handout) that we didn't need.
I received SFA as a punishment for my hard work and contribution, so I rolled the dice and pulled the biggest tax avoidance (evasion?) stunt of my life - which (in my mind) squared things up beautifully. In fact, it was so self-satisfying that it has since become somewhat of a hobby. :lol: It has cost them multiples in lost revenue since.
