SA Footy

Turnbull is opposing the latest handout of $42 Billion on the grounds that parliament has not been given sufficient time to examine the package and the debt is just too large. He may have a point BUT last night he went on the 7.30 report where Kerry O'Brian made him look ill-prepared and fumbling for words, the worst display I've seen from an opposition leader since the famous Hewson GST and birthday cake incident. I felt embarassed for Turnbull. I fear with this standard of leadership we will get the government we deserve Who is out there that can be a credible opposition leader.

mick wrote:Turnbull is opposing the latest handout of $42 Billion on the grounds that parliament has not been given sufficient time to examine the package and the debt is just too large. He may have a point BUT last night he went on the 7.30 report where Kerry O'Brian made him look ill-prepared and fumbling for words, the worst display I've seen from an opposition leader since the famous Hewson GST and birthday cake incident. I felt embarassed for Turnbull. I fear with this standard of leadership we will get the government we deserve Who is out there that can be a credible opposition leader.

He was stuck between a rock and hard place with this stimulus package. By opposing it he's leading the lamb to the slaughter though.

i think Australians should be mature enough to do what's best for the country, & not for themselves.

Punk Rooster wrote:i think Australians should be mature enough to do what's best for the country, & not for themselves.

And that would be to make sure you buy AUSTRALIAN MADE goods with your handout should they make it through parliment

Yeah i just watched that then. Laughable! What was even funnier was how Kerry pointed out Christopher Pyne's quote and Turnbull said along the lines of ' Well im not as gloomy as Chris' then in the same breath has a shot at KRudd about being all doom and gloom! haha
I look forward to the next opinion Poll! It will cause mayhem in the Liberal Party rooms! lol

What is this going to generate though?? Shoot from the hip, no structure to it. Whats plan B if it does not work?? The 1 prior to xmas worked really well towards the ecconomy . If we go through with this it will be the single biggest mistake any government has ever made in Australia. I'm in the bracket that will receive $950 and I am about to purchase a house, but alot of people are being very selfish. The government can keep my money because it will cost me alot more than that in 5 years if it goes through.....Especially when the world ecconomy has not hit Australia yet, it's a long term issue,this is a short term fix. When the money runs out the country will be f****d.

[quote="LaughingKookaburra"]If we go through with this it will be the single biggest mistake any government has ever made in Australia. quote] Lets all sit on our hands and hope this all blows over then????? Geez mate, ur a good guy but u got no idea how bad this situation is and if we do nothing how worse itll get!

Lift the alcho tax then have lower tax rates on everyones take home pay. At least thats a long term idea. What happens once the money runs out??

Dont get me wrong,if i get this money im going to the gold coast so i'll definatly take it. Just worried in 5 years where the worst case scenario would be if we are broke and the situation is still dire. This didnt work prior to xmas and will it work if it happens again??

LaughingKookaburra wrote:What is this going to generate though?? Shoot from the hip, no structure to it. Whats plan B if it does not work?? The 1 prior to xmas worked really well towards the ecconomy . If we go through with this it will be the single biggest mistake any government has ever made in Australia. I'm in the bracket that will receive $950 and I am about to purchase a house, but alot of people are being very selfish. The government can keep my money because it will cost me alot more than that in 5 years if it goes through.....Especially when the world ecconomy has not hit Australia yet, it's a long term issue,this is a short term fix. When the money runs out the country will be f****d.

Actually the stimulus package before X-mas worked a treat. That line blew up in Turnbull's face when the figures got released the other day. If you don't believe me go and have a look at the numbers yourself or ask an economist. That stimulus package worked exactly how Treasury and the Government predicted it would. The far-right wonder why Turnbull's an absolute laughing stock!

Great idea, when the money runs out we're f__ked so let's go with Turnbull's idea and lower taxes! This coming from the party when it was in power for more than 11 years was the highest taxing government in history.

LaughingKookaburra wrote:Dont get me wrong,if i get this money im going to the gold coast so i'll definatly take it. Just worried in 5 years where the worst case scenario would be if we are broke and the situation is still dire. This didnt work prior to xmas and will it work if it happens again??

LK, fair enough to argue your point, but pay at least some scant regard to facts.

Gozu wrote:

LaughingKookaburra wrote:What is this going to generate though?? Shoot from the hip, no structure to it. Whats plan B if it does not work?? The 1 prior to xmas worked really well towards the ecconomy . If we go through with this it will be the single biggest mistake any government has ever made in Australia. I'm in the bracket that will receive $950 and I am about to purchase a house, but alot of people are being very selfish. The government can keep my money because it will cost me alot more than that in 5 years if it goes through.....Especially when the world ecconomy has not hit Australia yet, it's a long term issue,this is a short term fix. When the money runs out the country will be f****d.

Actually the stimulus package before X-mas worked a treat. That line blew up in Turnbull's face when the figures got released the other day. If you don't believe me go and have a look at the numbers yourself or ask an economist. That stimulus package worked exactly how Treasury and the Government predicted it would. The far-right wonder why Turnbull's an absolute laughing stock!

Great idea, when the money runs out we're f__ked so let's go with Turnbull's idea and lower taxes! This coming from the party when it was in power for more than 11 years was the highest taxing government in history.

Im no expert on this, but a report I read the other day suggests it was inconclusive as to whether the first package worked .. Sure spending was up just prior to Christmas, but I wouldn't have thought it would have likely been much different without the stimulus? (they gave other reasons that may well have contributed, from memory reduced Interest Rates and lowest Fuel prices in yonks were two of them ... Seemed to be a fair case of the unknowns)

The facts:

http://www.crikey.com.au/Politics/20090 ... Shock.html

The economists:

http://petermartin.blogspot.com/2009/02 ... nding.html

Ok, but the increase around Christmas/Stimuli MkI is pretty much proportionally increased against previous festive periods isn't it?

Gozu wrote:

LaughingKookaburra wrote:What is this going to generate though?? Shoot from the hip, no structure to it. Whats plan B if it does not work?? The 1 prior to xmas worked really well towards the ecconomy . If we go through with this it will be the single biggest mistake any government has ever made in Australia. I'm in the bracket that will receive $950 and I am about to purchase a house, but alot of people are being very selfish. The government can keep my money because it will cost me alot more than that in 5 years if it goes through.....Especially when the world ecconomy has not hit Australia yet, it's a long term issue,this is a short term fix. When the money runs out the country will be f****d.

Actually the stimulus package before X-mas worked a treat. That line blew up in Turnbull's face when the figures got released the other day. If you don't believe me go and have a look at the numbers yourself or ask an economist. That stimulus package worked exactly how Treasury and the Government predicted it would. The far-right wonder why Turnbull's an absolute laughing stock!

Great idea, when the money runs out we're f__ked so let's go with Turnbull's idea and lower taxes! This coming from the party when it was in power for more than 11 years was the highest taxing government in history.

Really? I remember paying 57 cents in the dollar under Whitlam, and for a while under Fraser until it was reduced.
That was why I bought my first European tax deduction [car] - I resented paying so much and decided to spend it first!
Even if it is true, think of the mess we'd be in now if those surpluses had not paid off back debt and the reserves had not been accumulated.

I am worried about $9500 debt for every Australian in the latest Kruddenomics package. That is how Keating and the SA and Vic Premiers stuffed up in the late 80s.
So, I think Turnbull is right to be cautious.

Psyber, we could, of course, sit back and pretend there's no global financial crisis and even if there is, it might go away if we do nothing.

This isn't a party political question, it's a global response question. In the US, it's an $800 billion package.

As an aside, why do conservatives always feel better if they use names like 'Krudd'?

Yeah I understand all peoples views. I am a manager in the retail industry and the Xmas sales were great, but let me tell you there is zero growth this year compared to last year when stores usually have at least 3% growth v last year. Simple scenario aswell, if the stimulus package before xmas worked so well why the hell do we have to have another within 3 months?? It is a band aid fix and thats a fact, how is a band aid fix going to save jobs in the long term. When the moneys gone where do we stand??

Well, LK, imagine what the sales would have been without the stimulus package.

Then the job losses, therefore fewer people spending, more job losses, etc.

At such times, running a deficit budget isn't a major problem, unless it becomes entrenched year after year. If the economy picks up, the budget should return to surplus. If it doesn't, then in the famous words of Hanrahan, "we'll all be rooned"

redandblack wrote:Well, LK, imagine what the sales would have been without the stimulus package.

Then the job losses, therefore fewer people spending, more job losses, etc.

At such times, running a deficit budget isn't a major problem, unless it becomes entrenched year after year. If the economy picks up, the budget should return to surplus. If it doesn't, then in the famous words of Hanrahan, "we'll all be rooned"

So it kept people in work for an extra 3 weeks?? Then we wasted all this coin, could they have raised the 1st home owners grant further??

Constance_Perm wrote:

Gozu wrote:

LaughingKookaburra wrote:What is this going to generate though?? Shoot from the hip, no structure to it. Whats plan B if it does not work?? The 1 prior to xmas worked really well towards the ecconomy . If we go through with this it will be the single biggest mistake any government has ever made in Australia. I'm in the bracket that will receive $950 and I am about to purchase a house, but alot of people are being very selfish. The government can keep my money because it will cost me alot more than that in 5 years if it goes through.....Especially when the world ecconomy has not hit Australia yet, it's a long term issue,this is a short term fix. When the money runs out the country will be f****d.

Actually the stimulus package before X-mas worked a treat. That line blew up in Turnbull's face when the figures got released the other day. If you don't believe me go and have a look at the numbers yourself or ask an economist. That stimulus package worked exactly how Treasury and the Government predicted it would. The far-right wonder why Turnbull's an absolute laughing stock!

Great idea, when the money runs out we're f__ked so let's go with Turnbull's idea and lower taxes! This coming from the party when it was in power for more than 11 years was the highest taxing government in history.

Im no expert on this, but a report I read the other day suggests it was inconclusive as to whether the first package worked .. Sure spending was up just prior to Christmas, but I wouldn't have thought it would have likely been much different without the stimulus? (they gave other reasons that may well have contributed, from memory reduced Interest Rates and lowest Fuel prices in yonks were two of them ... Seemed to be a fair case of the unknowns)

Well im 2 lazy to do exact quoting against ur point here but essentially. Look at USA in same period, same lower fuel prices, nearly 0% interest rates. But there retail sector was down approx 10% in the xmas period. Whereas we were up. They didnt have the stimulus package we did. Says a lot.

Myth Busted! lol