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The Federal Politics Thread

Posted: Sun May 12, 2019 6:42 pm
by Jim
ml69 wrote:
Jim wrote:
Sat May 11, 2019 9:03 am
Jim wrote:Image


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Looking forward to some good economic management again


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It is COMPLETELY MISLEADING to attribute the economic ranking of Australia to the government in power at the time in the above table.

Everybody knows that most of the major economies of the world turned to crap after the GFC in 2008, with Australia a notable exception. You suggest that this is due to the Labor government being in power.

The MAIN REASON was that the mining boom (which was still peaking between 2008-2011) was still powering Australia along, at the same time that most of the western world was tanking. Hence we shot up to #1. This would have happened regardless of which party was in power at the time.

Re: The Federal Politics Thread

Posted: Tue May 14, 2019 2:01 pm
by rev
Of course it would have happened regardless of even if the Greens were in power. Our government can't control external factors like what's happening in China with their economic/building boom or slow down. I think the main point of difference though is that the Howard government paid down debt, and put money away in the Future Fund all be it to pay the super entitlements of it's own government employees. Following Labor Rudd government expanded it to included nation building elements that benefit all Australians, as did the Rudd government. If Labor was in power back in 2004 I doubt we'd have the Future Fund.
The Future Fund is currently at $154bn, the Medical Research Fund $9.6bn, the DisabilityCare Australia Fund $14.2bn, the Aboriginal and Torres Strait Islander Land and Sea Future Fund $2.015bn, and the Education Investment Fund and Building Australia Fund $3.9bn each.
Whatever side of politics you stand on, you can't deny that setting up these sovereign wealth funds is good policy.

Re: The Federal Politics Thread

Posted: Tue May 14, 2019 2:15 pm
by Jim
rev wrote:Of course it would have happened regardless of even if the Greens were in power. Our government can't control external factors like what's happening in China with their economic/building boom or slow down. I think the main point of difference though is that the Howard government paid down debt, and put money away in the Future Fund all be it to pay the super entitlements of it's own government employees. Following Labor Rudd government expanded it to included nation building elements that benefit all Australians, as did the Rudd government. If Labor was in power back in 2004 I doubt we'd have the Future Fund.
The Future Fund is currently at $154bn, the Medical Research Fund $9.6bn, the DisabilityCare Australia Fund $14.2bn, the Aboriginal and Torres Strait Islander Land and Sea Future Fund $2.015bn, and the Education Investment Fund and Building Australia Fund $3.9bn each.
Whatever side of politics you stand on, you can't deny that setting up these sovereign wealth funds is good policy.
The real economic game changer was set up under Keating. As of 30 June 2018, Australians have $2.7 trillion in superannuation assets, making Australia the 4th largest holder of pension fund assets in the world.


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Re: The Federal Politics Thread

Posted: Thu May 16, 2019 7:50 pm
by rev
RIP Bob Hawke

Re: The Federal Politics Ball of Cotton Wool

Posted: Fri May 17, 2019 9:07 am
by HiTouch
He was a friend of the free market with his deregulation.

And was the first prime minister to recognise women’s worth and stop the sausagefest in workplaces with his sex discrimination act.

Re: The Federal Politics Thread

Posted: Fri May 17, 2019 9:14 am
by rhino
He did so many great things for this country. We all carry a memento of Bob Hawke in our wallets - our Medicare cards. Think of him next time you use it.

Re: The Federal Politics Thread

Posted: Sat May 18, 2019 8:08 pm
by timtam20292
Tony Abbott has lost his seat. The seat of Warringah.

Re: The Federal Politics Thread

Posted: Sat May 18, 2019 8:26 pm
by Waewick
Well this election isn't going like i expected.

Re: The Federal Politics Thread

Posted: Sat May 18, 2019 10:23 pm
by Jaymz
Waewick wrote:
Sat May 18, 2019 8:26 pm
Well this election isn't going like i expected.
Now the next thing to watch will be if the LNP can form a majority Govt.

Re: The Federal Politics Thread

Posted: Sat May 18, 2019 11:12 pm
by rev
Labor lost, and even better news Shorten has announced he wont remain as Labor leader. The idiot is still talking about climate change.

LNP will form a majority government, they need two more and there's six in doubt.

Re: The Federal Politics Thread

Posted: Sun May 19, 2019 3:55 pm
by NTRabbit
So people ultimately decided that any level of racism, environmental destruction, corruption, and abuse of the vulnerable was acceptable so long as they got to keep the tax refund they didn't pay taxes for.

Still, that greed will work out for SA now, because the Centre Alliance look almost certain to hold the balance of power in the Senate, as Bernardi and One Nation will vote lockstep with the coalition anyway. Should be worth lots of federal funding.

Re: The Federal Politics Thread

Posted: Sun May 19, 2019 4:26 pm
by rev
NTRabbit wrote:
Sun May 19, 2019 3:55 pm
So people ultimately decided that any level of racism, environmental destruction, corruption, and abuse of the vulnerable was acceptable so long as they got to keep the tax refund they didn't pay taxes for.
Yeh, that must be it. :roll:

Re: The Federal Politics Thread

Posted: Sun May 19, 2019 10:08 pm
by Waewick
Importantly, I'll have to go back and see what the hell the Libs promised SA.

Re: The Federal Politics Thread

Posted: Sun May 19, 2019 11:00 pm
by gnrc_louis
Waewick wrote:
Sun May 19, 2019 10:08 pm
Importantly, I'll have to go back and see what the hell the Libs promised SA.
Did they promise much anywhere beyond retaining franking credits and negative gearing?

I guess one thing is almost certain - there won't be federal money now for light rail in Adelaide 'til at least 2022.

Re: The Federal Politics Thread

Posted: Mon May 20, 2019 8:00 am
by rev
Image

Lets see if they deliver on the removal of some rail crossings, how long they take to deliver on the rest of South Road, regional road upgrades, defence and space.
That's about all I can think of that any of them really promised for SA at some point be it in the election campaign or budget.