topsywaldron wrote:mick wrote:Personal abuse rather than argument
Just adopting the conservative side of politics behaviour.
And why do we have the things you trumpeted as the Howard years as having achieved? Because the Hawke/Keating government had the intestinal fortitude to deregulate both the financial and labour markets, a point often missed in the 'don't trust Labor with money' scare campaign.
In turn Howard and Costello have excelled in churning. Taking high taxes from us, amongst the highest in OCED, and then returning them as family benefits etc. A waste of time and a HUGE waste of taxpayer money. Much like those 'information campaigns' they love to run about three months out from an election.
It's time Mick.
I still fail to be convinced these were wise decisions, any more than dropping tariff barriers to make the "accord" appear to be working was.
And I still remember 17% home loan rates under both Whitlam and Hawke/Keating. Personally I did OK. I had a locked in loan a 8.5% before Whitlamnomics hit, and swapped to short-term bank bills at 14% for the duration of the Keating fiasco. However, the workers struggling to buy their homes didn't have those options.
[And I cashed in on the inflation. Did I mention PK helping me make 40% on a second-hand Porsche in 1987 before? Business and investment was so hopeless people bought tax deductions instead, and tax deductions went up in value for the first time in Australian history!]