Mr Turnbull its time to go

[BenchedEagle]

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??

Mate there is a global downturn in growth, a lot of countrys are headed into recession which means no growth or negative growth. There is nothing any country in the world can do atm to increase growth! Be thankful ur store has maintained similar stats to last year!! I know we are at JB HiFi

[LaughingKookaburra]

So you are at JB's duncs, Elizabeth i take it??

[Psyber]

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'?

I'm not convinced the present situation is really that much worse than the crisis in the late 1980s, which appeared to be driven by similarly bubble and burst speculation.
I am also inclined to think the permanent banning of the more speculative forms of trading, futures and short-selling, may be more effective that throwing money away on temporary stimulus, or stimuli, each time they shoot themselves in the foot and scare the system to death. I'm also concerned that the idea of governments being able to be blackmailed into picking up the tab to prevent job losses may encourage them to just keep doing it. I liked Obama's adding the string of restricting executive salaries as part of his package too - these guys are not worth what they get!

As for the term I used - we small C conservatives are worried about people who go overboard and over-react in any direction - conservatism is about moderation in changes in preference to hysteria.
I admit I picked the Kruddenomics term up on another site where it was used as a synonym for cruddy economics involving very short-term reactiveness...

Would it be better if I left the K off and called it Ruddenomics? I'm happy to do that as an edit.

[redandblack]

Well, once again I tend to agree. We're seeing the worst excesses of the capitalist system (greed) causing this misery. I've never been convinced by the 'leave it to the market' argument and the salaries and bonuses paid to incompetent CEO's and executives is indefensible.

As for using (K)rudd, I've noticed over the years that such peurile name change styles are a favourite tool of some conservative commentators.

I'm certainly not accusing you of that based on one usage, though.

[JK]

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

Fair call mate, it was a legitimate question in trying to ascertain where we're at ... Sadly I think too many people put their political allegiances first and foremost, when really most discussions hold a fair contingent of what if ... Fact is we can never know whether one party would handle it better than the other, because obviously they can't both action it.

A lot of my mates hang Rudd over these packages but I try to play the devil's advocate by asking "How do we honestly know whether someone else would handle it better or worse?"

[BenchedEagle]

So you are at JB's duncs, Elizabeth i take it??

No mate i dont live near Elizabeth at all. Im in another store if anyone wants 2 know u can PM me, FootySA members get discount!!! haha

[LaughingKookaburra]

Hehe fair enough. I'll see you on the park.

[Gozu]

Turnbull in a world of trouble.

Crikey:

http://blogs.crikey.com.au/pollbludger/ ... l-58-42-3/

Adelaide Now:

http://www.news.com.au/adelaidenow/stor ... 01,00.html

[Psyber]

Turnbull in a world of trouble.
Crikey: http://blogs.crikey.com.au/pollbludger/ ... l-58-42-3/
Adelaide Now: http://www.news.com.au/adelaidenow/stor ... 01,00.html

It's the "Never look a gift horse in the mouth" principle. I like people who offer to give me money too.
Popularity almost certainly has nothing to do with evaluating the soundness of the policy.

[Gozu]

As predicted Turnbull's toast:

http://larvatusprodeo.net/2009/02/12/xe ... timulated/