To my labor voting friends
- Thread starter byso
- Start date
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Yes their back stabbing of Rudd really showed their true colours. The sad thing is there are some factions of the party that are actually good and able to lead the country properly. The problem is that they are the weaker of the factions.
I really dont want Abbott as PM but he is the lesser of two evils
I really dont want Abbott as PM but he is the lesser of two evils
byso said:
Did Labor also sneak in a tax on the letter 'S' that we didn't know about ??
GST, Carbon Tax, Sales Tax, HECS, Medicare Levies, Fuel Tax, blah blah blah blah blah...........it doesn't matter what you call it everyone still whinges when they have to put their hand into their pocket. Liberal are no better than Labor, why waste energy (no pun intended) on whining about it. If you don't like it and can do a better job, run for election, that's the beauty of a democracy.
clontaago
First Grader
Shadow Treasurer Joe Hockey issued a press release last week where he chose the look at the average level of interest rates under the 11 and a half years of the Howard Government and he compared that to the average level of interest rates under the 4 and a half years of the Rudd/Gillard Government.
Mr Hockey concluded that mortgage rates were a touch lower under the Howard government than under Rudd and Gillard. That is indeed a fact using that methodology, although once the lower level of interest rates from May and beyond are included in these averages, it is likely that the average level of interest rates under Labor will move lower than under the Coalition by year end.
That got me thinking about more important economic indicators – in this instance, the unemployment rate. Using Mr Hockey’s methodology and applying it to the unemployment rate, the following facts emerge:
Average unemployment rate under the Howard Government was 6.4%;
Average unemployment rate under the Rudd and Gillard Governments is 5.0%.
Mr Hockey’s methodology had me thinking about Government debt.
I turned to my favourite budget document, Statement 10, and looked at the history of net government debt over the past 20 years or so.
Using the same methodology that Mr Hockey used for interest rates and applying that to Government debt, this is what I found.
Average Net Govt Debt
(% of GDP)
Howard 1996-97 to 2007-08 5.2%
Rudd/Gillard 2008-09 to 2011-12 4.4%
As is obvious, the average level of net Government debt under the Howard Government was 5.2% of GDP; under the Rudd and Gillard Governments it’s been 4.4%.
http://www.marketeconomics.com.au/2032-mr-hockeys-methodology-applied-to-government-debt
Mr Hockey concluded that mortgage rates were a touch lower under the Howard government than under Rudd and Gillard. That is indeed a fact using that methodology, although once the lower level of interest rates from May and beyond are included in these averages, it is likely that the average level of interest rates under Labor will move lower than under the Coalition by year end.
That got me thinking about more important economic indicators – in this instance, the unemployment rate. Using Mr Hockey’s methodology and applying it to the unemployment rate, the following facts emerge:
Average unemployment rate under the Howard Government was 6.4%;
Average unemployment rate under the Rudd and Gillard Governments is 5.0%.
Mr Hockey’s methodology had me thinking about Government debt.
I turned to my favourite budget document, Statement 10, and looked at the history of net government debt over the past 20 years or so.
Using the same methodology that Mr Hockey used for interest rates and applying that to Government debt, this is what I found.
Average Net Govt Debt
(% of GDP)
Howard 1996-97 to 2007-08 5.2%
Rudd/Gillard 2008-09 to 2011-12 4.4%
As is obvious, the average level of net Government debt under the Howard Government was 5.2% of GDP; under the Rudd and Gillard Governments it’s been 4.4%.
http://www.marketeconomics.com.au/2032-mr-hockeys-methodology-applied-to-government-debt
Non core promise I believe 
| Team | P | W | L | PD | Pts |
|---|---|---|---|---|---|
|
6 | 5 | 1 | 20 | 12 |
|
6 | 4 | 2 | 53 | 10 |
|
5 | 4 | 1 | 23 | 10 |
|
6 | 4 | 2 | 48 | 8 |
|
6 | 4 | 2 | 28 | 8 |
|
5 | 3 | 2 | 14 | 8 |
|
7 | 4 | 3 | -18 | 8 |
|
6 | 3 | 2 | 21 | 7 |
|
7 | 3 | 3 | 20 | 7 |
|
7 | 3 | 4 | 31 | 6 |
|
6 | 3 | 3 | 16 | 6 |
|
5 | 2 | 3 | -15 | 6 |
|
7 | 3 | 4 | -41 | 6 |
|
6 | 2 | 4 | -5 | 4 |
|
6 | 2 | 4 | -7 | 4 |
|
6 | 1 | 5 | -102 | 4 |
|
5 | 0 | 5 | -86 | 2 |
