Government Stimulus package.

[Play Centre]

Left-Right comparisons are all relative. what is the ABC left of? Lafayette? Howard? Hanson? The German Green Party?

It's all middle ground stuff these days in the mainstream media, they can't afford to be any other way. It's very limiting and quite boring.

 

[Liverpool]

I know what the longer lasting measures are: 20+ years of deficit.
Surplus blown on this "stimulus package"

For information only:

Bank for International Settlements warning over stimulus benefits
THE Rudd government's fiscal stimulus packages may provide no more than a temporary boost to growth, and be followed by an extended period of economic stagnation.
The only international body to correctly predict the financial crisis - the Bank for International Settlements (BIS) - has warned the biggest risk is that governments might be forced by world bond investors to abandon their stimulus packages, and instead slash spending while lifting taxes and interest rates.
"A significant risk is that the current stimulus will lead only to a temporary pick-up in growth, followed by protracted stagnation," it said. "Moreover, a temporary respite may make it more difficult for authorities to take the actions that are necessary, if unpopular, to restore the health of the financial system, and may thus ultimately prolong the period of slow growth."
http://www.theaustralian.news.com.au/story/0,25197,25710566-601,00.html

 

[AngryAnt]

You "forgot" to quote this bit Livers.

The BIS endorsed the government's focus on keeping stimulus measures temporary, preferring one-off cash handouts to low-income groups over the tax cuts favoured by the opposition.

"Targeted programs are the most likely to increase aggregate spending but are politically less attractive than those that simply benefit the most people," it said. "And it is much easier to lower taxes and increase spending than to do the reverse, so fiscal expansion tends towards permanency and a rise in long-term deficits."

 

[Tiger74]

You "forgot" to quote this bit Livers.

are you telling me Liverpool selectively quoted to give an impression to match his agenda

 

[Liverpool]

You "forgot" to quote this bit Livers.

Didn't "forget" at all.

Deliberately left it out as I don't agree with the stimulus package (Chairman's policy) or tax-cuts (Opposition policy).

Just wanted to make it clear that even though this group, as you highlight, endorse a TEMPORARY stimulus package.....it still points out that the stimulus package will only provide a temporary boost and a longer period of slow growth or total stagnation.

When this happens....what next?
We're then back where we started but instead of having a surplus, we are then already in massive deficit and nothing to show for it.


Also, I've been looking forward to the posters who bagged Howard/Costello looking after the big boys and rich mates while making Joe FactoryWorker suffer.
Well, part of the Chairman's pre-election campaign was built around "me too" and one of his "me too" policies was to follow the Libs "tax cuts" policy:

You could be forgiven for having forgotten, but from today we'll be getting tax cuts worth up to $41.35 a week.
So why on earth would Kevin Rudd want to keep it in the dark?
Perhaps because only the 2 per cent of income-earners on more than $180,000 a year will be getting that nice little surprise.
Most of the 90 per cent of workers on incomes less than $80,000 a year will be getting a cut of just $2.88 a week - not even enough for a milkshake, let alone a sandwich - save for those earning between $35,000 and $64,000, who'll get a princely $5.77 a week.
The 8 per cent of workers on incomes between $80,000 and $180,000 will get between $2.88 a week and $41.35 a week.
Now perhaps you see why the Government hasn't been keen to trumpet the good news.
In terms of both dollar savings and more significantly as a proportion of income, these cuts are biased heavily in favour of high-income earners. Though Treasurer Wayne Swan boasted that his budget in May was "very Labor", that hardly describes his tax cuts, which isn't surprising considering they were designed by the Liberals.
As you recall, former treasurer Peter Costello popped up at the start of the 2007 election campaign and promised another three years' worth of tax cuts, but Rudd lost little time in pinching the Liberals' policy.
http://business.theage.com.au/business/a-promise-not-worth-keeping-20090630-d3qr.html


Bad luck suckers! :cutelaugh

 

[Tiger74]

Didn't "forget" at all.

Deliberately left it out as I don't agree with the stimulus package (Chairman's policy) or tax-cuts (Opposition policy).

so you provide external references to support your argument, but have to edit them to make them convey the message you want.....

and you accuse Rudd of being the master of spin

 

[AngryAnt]

Didn't "forget" at all.

Deliberately left it out as I don't agree with the stimulus package (Chairman's policy) or tax-cuts (Opposition policy).

Note to Livers - the use of inverted commas signified a sarcastic use of the word "forgot". Thanks for confirming that you did quote selectively to suit your own argument though!

Another great :duh Liverpool moment.

I eagerly await the next onslaught of Liverpudlian spin to tell me that you realised this all along etc etc

 

[Liverpool]

so you provide external references to support your argument, but have to edit them to make them convey the message you want.....
and you accuse Rudd of being the master of spin

No spin mate.
I just posted a snippet of the article....and provided the link for you to read the whole article if you desire.

How you make up your own opinion after that is up to you.

 

[Tiger74]

No spin mate.
I just posted a snippet of the article....and provided the link for you to read the whole article if you desire.

How you make up your own opinion after that is up to you.

using a snippet to push a context that may not be reflective of the article as a whole is SPIN

really disappointing, I gave you at least some credit

stick to quoting Bolta, at least you won't have to manipulate his articles to match your agenda

 

[Liverpool]

using a snippet to push a context that may not be reflective of the article as a whole is SPIN
really disappointing, I gave you at least some credit
stick to quoting Bolta, at least you won't have to manipulate his articles to match your agenda

:cutelaugh ...you gave me some credit?
C'mon Tiger74, stop the patronising rubbish!
Now who is :spin :spin :spin who here?

I have always used snippets that I think are relevant to my opinion....without having to cut/paste the entire articles every time (unless I think the entire article is worth it).
Having said that, I always give the link and if people want to read the entire article for themselves and make their own opinion, then they can do it...but I think I have the right to pick parts out that I think are relevant to my opinion.


Another example for you and Antman to whine about :hihi :


After the stimulus, the let-down
THE federal government's attempts to revive the economy have centred on consumer handouts, potentially creating a false dawn in which retailers, some home builders and consumer goods producers are all reporting solid sales growth.
We are meant to be in a recession but Stockland sold twice as many residential home lots in the second half than in the first, David Jones has increased its profit guidance, Bunnings, Big W and Target are knocking the lights out of budgeted sales and upmarket fast-food chains are reporting good numbers.
These events are not so strange when you consider governments around the world have spent billions trying to jump-start growth, so they have effectively dragged future growth into the present.
The crucial question is what happens next when the handouts are gone, growth slows and unemployment rises.
Governments the world over are also looking at their exit strategies -- how they can remove themselves from the stimulus -- with the knowledge that the longer the handouts persist, the higher the taxes will be to pay for the debt.
The prevailing wisdom among chief executives is that confidence has returned now people have realised we are not heading for another depression. This has sent stock prices sharply higher, helped by the $20 billion in handouts from the Rudd government.
That's fine now, but what happens in six months' time when there are no more handouts, when the economy is growing at anaemic rates and maybe your job is still in jeopardy?
http://www.theaustralian.news.com.au/business/story/0,28124,25715015-5017999,00.html

 

[Tiger74]

:cutelaugh ...you gave me some credit?
C'mon Tiger74, stop the patronising rubbish!
Now who is :spin :spin :spin who here?

I have always used snippets that I think are relevant to my opinion....without having to cut/paste the entire articles every time (unless I think the entire article is worth it).
Having said that, I always give the link and if people want to read the entire article for themselves and make their own opinion, then they can do it...but I think I have the right to pick parts out that I think are relevant to my opinion.

Firstly I only said I gave you SOME credit (don't get carried away :hihi)

Also this is the first time I have seen you deliberately alter the message an article gives to match your own. Sure you have highlighted aspects before, but to my knowledge you have not distorted. Thats what I found disappointing.

 

[AngryAnt]

Another example for you and Antman to whine about :hihi :

Someone sure does a lot of whining on the politics threads but it ain't us Livers. Thousands of words of whining actually :hihi

 

[Liverpool]

Also this is the first time I have seen you deliberately alter the message an article gives to match your own. Sure you have highlighted aspects before, but to my knowledge you have not distorted. Thats what I found disappointing.

I haven't "altered" anything.

What I cut/pasted was directly from the article I gave a link to....and the parts I thought were relevant to what I was trying to convey.

It is no different to someone on the Christianity thread cut/pasting a quote from Jesus out of the Bible.
They are not expected to cut/paste the entire Bible..are they?

C'mon Tiger74...I think you're trying to make a mountain out of a molehill here...and diverting attention away from the fact that there are people concerned about the stimulus package and what will happen next.

 

[Tiger74]

I haven't "altered" anything.

What I cut/pasted was directly from the article I gave a link to....and the parts I thought were relevant to what I was trying to convey.

It is no different to someone on the Christianity thread cut/pasting a quote from Jesus out of the Bible.
They are not expected to cut/paste the entire Bible..are they?

C'mon Tiger74...I think you're trying to make a mountain out of a molehill here...and diverting attention away from the fact that there are people concerned about the stimulus package and what will happen next.

Just pointing out that your so called quotes should be disregarded, as you will selectively quote to convey your belief, even if it contradicts with the source you originally obtained it from.

As such, why not save everyone a lot of time, and stop quoting distorted quotes to back up your opinions, but use your own thoughts and facts?

 

[Liverpool]

I haven't got mine yet either, Rosy23, but that's because I only just did my tax return. Hope it bounces in soon. My car needs a service and new tyres and those credit card balances never seem to head in the right direction!

Well Play Centre...I did try and tell you:

If I am leaving my $900 sit in a bank until the Chairman stitches me up with higher taxes, his persistent push for a tax on alcopops, and the abolishment of the private health rebate....then I am correct in bagging the idea, as how is my $900 stimulating the economy?
Plus you say "give it back"...well, he'll be getting it back and some.

Today:

Wage freeze cancels out stimulus: ACTU
The Fair Pay Commission's decision to forgo a pay rise for the country's lowest paid workers has effectively wiped out the Government's $900 stimulus cash handouts, the ACTU says.
http://www.abc.net.au/news/stories/2009/07/08/2619641.htm?section=justin

 

[poppa x]

The Fair Pay Commision has handed down a common sense decision.
It's unfortunate that our Deputy PM has labelled it "disappointing".
Wages in most private businesses have either been frozen or reduced.
In my company (I employ 15) I have frozen rather than cut staff. This has ebbed the bleeding but not totally stopped the pain.
A friend of mine works for Hewlett Packard and they have had a 5% reduction.
I fear there is more pain ahead.

 

[Liverpool]

The Fair Pay Commision has handed down a common sense decision.
It's unfortunate that our Deputy PM has labelled it "disappointing".
Wages in most private businesses have either been frozen or reduced.
In my company (I employ 15) I have frozen rather than cut staff. This has ebbed the bleeding but not totally stopped the pain.
A friend of mine works for Hewlett Packard and they have had a 5% reduction.
I fear there is more pain ahead.

Exactly right Poppa.

Have heard/read a few people complaining at the Chairman because he told them to go and spend the stimulus and now, well, they've pretty much spent their pay-rise already! :-X

Gillard was always going to label it "disappointing".....she a socialist/feminist with links to communism and the deputy of a Government helped into power by the union movement.
What other answer was she going to give?

 

[mld]

Gillard was always going to label it "disappointing".....she a socialist/feminist with links to communism and the deputy of a Government helped into power by the union movement.

Bolta reckons she is the next Thatcher.

 

[Liverpool]

Bolta reckons she is the next Thatcher.

She's not the next anything.....maybe a female version of Stalin, considering Rudd is the epitome of Mao. :hihi

 

[mld]

Ah whoops, I forgot, you're a lunatic.