Forum members, I would not get to concerned about AA's articles on OLO.

The majority of Aust's a lot wiser than AA. End of story

Here is another story AA does not read.

http://worldinstruggle.blogspot.com.au/2013/04/australia-mass-unemployment-grows-as.html

Dear Alan,

This fraudulent proposition of yours that the woes of JEG and the ALP are down to the media is evidenced as fraudulent by your own assertions.

The woes of JEG in particular and the ALP in general are because they have failed to earn respect, they demand it. They have lost credibility because they have failed to convince the public that they deserve it. They have lost faith with the electorates because they offer spin as a substitute for substance. They have failed to unite our nation because their policies are seen as divisive. They have failed to solve the nation’s problems because they focus upon their own internecine battle for survival. They have failed to deliver against many promises and broken too many promises that the majority have stopped listening.

We Australians have well developed bulltish filters and the cognitive skills to think for ourselves. It appears that we don’t need the MSM as much as you, which is curious, I wonder why that is?

You cannot offer a proposition that all of the media are against JEG and the ALP. That is irrational, unless of course your ideological filter is blocking reality.

Your 15 “stories” are a diversion and try to draw us into your ideological interpretations and argument. But as I suggested in response to your previous article, the further you dig down into content, the further you drift from reality.

The responses to your last article on this topic were clearly a great disappointment to you. Your response to this disappointment is the classic march of folly, the pursuit of that which is contrary to self interest.

Your grinding whine seems to center on our failure to embrace the intellectual and ideological wisdom of your advice. Time to move on Alan, you’re getting to be a bore.

Well may you try to save us “crazy Australians”, but nothing can save the left wing pseudo-intellectuals.

I have been waiting for some time now for Alan Austin to tell us why so many other countries are in dire straits. He just doesn't want to tell inconvenient truths because it might just put the brakes on on the bandwagon.
The reason WHY these countries are in strife is because, now Alan read very slowly so that it gets a chance to sink in, these countries have taken in too many asylum seekers & refugees who have now depleted the coffers. In Australia we still have a chance to learn from that.
I hope it's not too late although some will never learn as we see here on OLO.
I recall 50 years ago in Europe when these pretend refugees started to come into the country & people were saying that one they they'll outnumber us. The european academic do-gooders were of course outraged at these sentiments just like they are here now. Well, 5 decades are gone & their prediction have come true. Are you listening do-gooders ?

Greetings again,

@Antiseptic, re: “your conclusions are based on narrowly defined metrics.”

Not sure, Anti. The metrics are used universally. Happy to provide links.

I don’t disagree with much of your last post, Anti. But do you really believe “the global economy is floundering and it will get weaker before it gets stronger”? If so, why would you revert to the economic philosophy and management which took Australia from 9th best economy in 1975 back to 20th in 1983; then from 6th best economy in 1996 back to 12th in 2007?

@LEGO, Hello again. Thanks for those five paragraphs. Don’t accept the first, of course. But the next three are perceptive and mostly sound.

Regarding the fifth: “The question the public is asking, is where in the hell did all that money go?”

Answer: to construct the greatest economy the world has ever seen, Lego.

Look at these criteria:
1. income – GDP per person
2. GNI income per person
3. income disparity
4. interest rates
5. inflation
6. people employed
7. job participation
8. personal tax rates
9. company tax rate
10. superannuation
11. health care
12. pension levels
13. personal savings
14. productivity
15. current account deficit
16. current account deficit as a % of GDP
17. credit ratings
18. economic freedom
19. value of the A$
20. balance of trade
21. industrial production growth
22. foreign exchange reserves
23. overall quality of life

This is what the stimulus spending in 2009-10 bought. Pretty impressive.

“Other than the new Broadband network that nobody wants anyhow, hundreds of school halls that are too small, a lot of pink batts which resulted in a hundred house fires, what did we have to show for this fantastic sum of money which the Labor Party has squandered?”

Answer: world's best economy ever. Ask any economist to nominate a better one. They can’t.

Incidentally, Lego, just on the house fires, what was the rate of fires per 100,000 houses insulated during the Rudd period? What was the rate during the Howard years?

Answer: one was four times the other. But which one?

Cheers,

Alan, the fact that a particular flawed model is used extensively doesn't undo its flaws.

Part of the problem is that not all contributions to GDP are created equal, as I'm sure you realise. Despite the rsource sector's huge contribution to export income, the capital investment in industry is a tiny portion of GDP, while consumption for households accounts for more than half. Of that, around a quarter is paid for by money transferred to individuals from corporations and other non-personal revenue sources.

As I said, the positive feedback is going to be hard to stop once it starts and is precisely why successive governments, even conservative ones, have reinforced the woman as worker model. They have been desperate to avoid starting it on their watch.

Yes, I do fuirmly beliecve the global economy will get weaker. World population growth rates are declining and within the next 50 years will start to become negative. As well, consumption in the West has been so great that it has almost saturated the market, while prices keep declining in the sectors, like electronics, that drove it so fast. Harvey Norman and JB Hifi will be able to give you the figures, I'm sure. Their problems don't stem from internet purchases stealing sales, but on the fact that there are only so many TVs and stereos and ipods that people can reasonably use and where they used to make $300 or more on each unit, now they only make $50.

It's all going to come to a stop.