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riceburna73
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Registered:
April 2004

Re: who did everyone vote for and why?

Sun, 10 October 2004 03:07

thu187 wrote on Sun, 10 October 2004 03:56

First of all
Surplus = BAD

I don't know how much you guys know about economics but good economic management means running counter-cyclical.

When the economy isn't going so well a government should run a defecit budget or at least decrease it's surplus to inject funds into the economy.
When you inject funds and create jobs, these people with money will spend thereby creating more money for other people and it's a long chain that keeps on going. This is known as the multiplier effect.
When the economy is in prosperity the government should save money so that it can be used when the economy isn't going so well. HOWARD WANTS TO SPEND $6,000,000,000!!!

You talk about interest rates. From 1996 the interest rates have been controlled by the RBA (Reserve Bank of Australia) NOT the government.
Secondly, Labor was in power when we had our worst ever interest rates in the 80's of 17%. However what most people don't know is that the changes you make don't often show their rewards for the next two decades (that's now).
Labor introduced FREE uni and as a result we now have HECS.
You guys know we're not getting a pension right?
The baby boomers (the largest demographic of Australians) are getting older. The majority of the population are baby boomers and in 15 years time we will be working our asses off to provide for them. Kiss our pension goodbye.
Do you know out of all the developed economies Australia has the second worst saving rate after New Zealand? Add to this the baby boomers problem and housing prices are out of control (we bought our house 2 years ago for $200,000 and it's now worth over $500,000)and it's going to be impossible for young people to afford their own home and live comfortably - and you think.. why the hell is John Howard spending OUR money?!
Luckily we have compulsory superannuation (a Labor initiative)!! If we didn't.. I don't even want to think about it.
Sure Latham wanted to spend money. He wanted to make childcare free. So much money would be spent on that .. right? Well his plan was to make childcare free for working parents. Now if this happened, a working mother could get herself a job and the money she pays on tax and her consumption (because now she has an income, and this leads on to the multiplier effect) would outweight the cost of providing the free service.
As for the Iraq conflict. Do you REALLY think America would spend millions of dollars to help these people out of the goodness of their hearts?
Funny how, for milk I think it was, Iraq has to import this from America instead of getting it CHEAPER from Australia. Hmmmmm...
People talk about terrorism. How many Iraqi's do you think had even heard of Australia before Johnny started touching Georgie boy? Not many, if any. (lol)

I wish the Australian public were more knowledgeable about the economy and didn't fall for the liberal scare tactic. Unfortunately, it's the only thing that pulled the liberals through.

Howard has claimed 12 times over public incidents that he wasn't informed or that he didn't know.
If our Prime Minister doesn't know what the f*ck is going on, he shouldn't be there. If our Prime Minister was LYING to us.. he can go and suck 10 d*cks.

Latham was completely honest. He even admitted to crash tackling a taxi driver and smoking weed. Yeah it's funny but he's at true blue Aussie and isn't afraid to be truthful. He also wanted to stop the Free Trade Agreement with the US (AUSTA).
Do you know that they basically get access to all our markets and we're left with virtually nothing. Literally.

I could argue more but it's 4am and I should be studying for my HSC Razz

Hope everyone votes Labor next time round.

here here!!!, you were able to word things alot better than me at 4 am Cool

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