The Federal Politics Thread

Anything goes here.. :) Now with Beer Garden for our smoking patrons.
Message
Author
Jim
Donating Member
Donating Member
Posts: 239
Joined: Fri Jul 18, 2008 7:46 pm
Location: North Adelaide
Been thanked: 5 times

The Federal Politics Thread

#556 Post by Jim » Sun May 12, 2019 6:42 pm

ml69 wrote:
Jim wrote:
Sat May 11, 2019 9:03 am
Jim wrote:Image


Sent from my iPad using Tapatalk
Looking forward to some good economic management again


Sent from my iPad using Tapatalk
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.

rev
SA MVP (Most Valued Poster 4000+)
Posts: 4043
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 295 times
Been thanked: 424 times

Re: The Federal Politics Thread

#557 Post by rev » Tue May 14, 2019 2:01 pm

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.

Jim
Donating Member
Donating Member
Posts: 239
Joined: Fri Jul 18, 2008 7:46 pm
Location: North Adelaide
Been thanked: 5 times

Re: The Federal Politics Thread

#558 Post by Jim » Tue May 14, 2019 2:15 pm

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.


Sent from my iPad using Tapatalk

rev
SA MVP (Most Valued Poster 4000+)
Posts: 4043
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 295 times
Been thanked: 424 times

Re: The Federal Politics Thread

#559 Post by rev » Thu May 16, 2019 7:50 pm

RIP Bob Hawke

HiTouch
High Rise Poster!
Posts: 492
Joined: Thu Feb 13, 2014 10:40 pm
Has thanked: 221 times
Been thanked: 90 times

Re: The Federal Politics Ball of Cotton Wool

#560 Post by HiTouch » Fri May 17, 2019 9:07 am

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.
rev wrote:
Tue Jan 29, 2019 12:55 am
If the parklands are so important why dont they put it to a vote state wide? Or are they afraid the majority will back this hotel..

User avatar
rhino
Super Size Scraper Poster!
Posts: 2937
Joined: Thu Sep 29, 2005 4:37 pm
Location: Nairne
Has thanked: 43 times
Been thanked: 115 times

Re: The Federal Politics Thread

#561 Post by rhino » Fri May 17, 2019 9:14 am

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.
cheers,
Rhino

User avatar
timtam20292
Legendary Member!
Posts: 1100
Joined: Tue Apr 19, 2016 1:03 pm
Has thanked: 896 times
Been thanked: 150 times

Re: The Federal Politics Thread

#562 Post by timtam20292 » Sat May 18, 2019 8:08 pm

Tony Abbott has lost his seat. The seat of Warringah.

Waewick
Super Size Scraper Poster!
Posts: 3465
Joined: Tue Jun 10, 2008 1:39 pm
Has thanked: 53 times
Been thanked: 131 times

Re: The Federal Politics Thread

#563 Post by Waewick » Sat May 18, 2019 8:26 pm

Well this election isn't going like i expected.

Jaymz
Legendary Member!
Posts: 561
Joined: Sat Mar 22, 2014 5:12 pm
Has thanked: 38 times
Been thanked: 75 times

Re: The Federal Politics Thread

#564 Post by Jaymz » Sat May 18, 2019 10:23 pm

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.

rev
SA MVP (Most Valued Poster 4000+)
Posts: 4043
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 295 times
Been thanked: 424 times

Re: The Federal Politics Thread

#565 Post by rev » Sat May 18, 2019 11:12 pm

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.

NTRabbit
High Rise Poster!
Posts: 118
Joined: Fri Dec 28, 2018 10:00 pm
Has thanked: 110 times
Been thanked: 49 times

Re: The Federal Politics Thread

#566 Post by NTRabbit » 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.

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.

rev
SA MVP (Most Valued Poster 4000+)
Posts: 4043
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 295 times
Been thanked: 424 times

Re: The Federal Politics Thread

#567 Post by rev » Sun May 19, 2019 4:26 pm

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:

Waewick
Super Size Scraper Poster!
Posts: 3465
Joined: Tue Jun 10, 2008 1:39 pm
Has thanked: 53 times
Been thanked: 131 times

Re: The Federal Politics Thread

#568 Post by Waewick » Sun May 19, 2019 10:08 pm

Importantly, I'll have to go back and see what the hell the Libs promised SA.

User avatar
gnrc_louis
High Rise Poster!
Posts: 111
Joined: Sat Nov 10, 2018 2:04 pm
Location: Grange
Has thanked: 165 times
Been thanked: 28 times

Re: The Federal Politics Thread

#569 Post by gnrc_louis » Sun May 19, 2019 11:00 pm

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.

rev
SA MVP (Most Valued Poster 4000+)
Posts: 4043
Joined: Sat Nov 11, 2006 12:14 pm
Has thanked: 295 times
Been thanked: 424 times

Re: The Federal Politics Thread

#570 Post by rev » Mon May 20, 2019 8:00 am

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.

Post Reply

Who is online

Users browsing this forum: No registered users and 6 guests