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The Forum > Article Comments > Interest rate pressures: are the states to blame? > Comments

Interest rate pressures: are the states to blame? : Comments

By Fred Argy, published 9/8/2007

Mr Howard needs to accept that responsibility for interest rates rests with the Commonwealth - not the states.

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Australia is a small part of the world economy, Australian governments can only influence interest rates not decide them. This is Howard's lie that the Liberal Party could keep them low. If you happen to be paying a $300,000 mortgage I bet my bottom dollar you think John Howard is a liar, you would be correct.
Posted by SHONGA, Thursday, 9 August 2007 3:41:23 PM
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What does all this political banter mean to people who are losing their jobs to offshore contractors and workers? The Australian Government has failed them. It created wealth for franchisees, zillionaire shareholders and the new middlemen but has stolen the livelihood, working conditions and divided us.

Labor toddles along behind the Coalition trying desperately to hide its little red flag while waving the same flag in the faces of sacked workers.

On OLO the Labor and little el mob try to intimidate ordinary, ‘uneducated’ people who offer an opinion that shows Labor and liberal failures (for instance: picking up on grammar or spelling mistakes rather than addressing their concerns and dismissing us as stupid retards). They do this while claiming support for the downtrodden whilst really exploiting their powerlessness.

Big L Liberals on the other hand think battlers are “ubute” because they can exploit that embattlement to pit us against our own, thereby lining the pockets of their investor network mates. (I am not referring to ordinary security investors. They [babyboomers] are being set up as a scapegoat when it’s the wealthy investors whose main pastime is managing their investments - not to just have a decent life but to build their empires (off shore of course).

How will Rudd or Costello fix the economy? Oh a huge PR campaign will create a conscionable reality and sooth away the concerns of the qualified with marketable skills. Meanwhile in some quiet street in the suburbs a couple stress and argue over money and another marriage is spins out; a police officer escorts a stubborn family, who couldn’t afford the mortgage, from their home, the children are crying and tripping up mum as they cling to her - while in the background on the families TV John Howard boasts how “comfortable” he feels about the economy.

That the Liberal’s laws have disabled unions is bad enough, to see Rudd turn his back on a body that could protect workers is tragic. Not to mention those left/small el liberals that hardly challenge disabling union laws while lobbying for legalisation of harmful drugs.

http://www.youtube.com/watch?v=DDweeUqnQSs&mode=related&search=
Posted by ronnie peters, Thursday, 9 August 2007 4:19:08 PM
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I sneezed a moment ago, John Howard is to blame! I spent too much money on something I really did not need, John Howard is to blame.
My union demanded a wage rise beyond what my employer could afford and I lost my job when the business went bust, John Howard is to blame!
John Howard is being blamed for everything recently. The reality is that the economy is doing well at present but it needs the brakes applied so the Reserve Bank has applied some pressure and will apply some further pressure if people don't stop spending money they do not have. The states are having a field day, awash with GST money they think they can spend as much as they like on projects that will get them re-elected. We have a new racecourse building in the parklands, some unwarranted roadworks (instead of the transport infrastructure we need) and plans for a fancy new hospital in a ridiculous location to name just a few things. We are not getting on with the job of building up the state's infrastructure - but that apparently is John Howard's fault for not supplying the money.
Not sure what the state is spending the GST on - oh some of that is going on 'free cabarets' for the residents of nursing homes in marginal electorates - at which Julia Gillard and friends are providing Labor election material and telling the old dears to think of their families when they vote.
Give me a break...
Posted by Communicat, Thursday, 9 August 2007 4:57:12 PM
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VK3AUU, I agree. Until Communicat had a whine. Great vintage too. 687 I believe.

Seriously though who would know the Australian economy better than anyone else. Of the politicians that is, as we know they just get others to do the work anyway and write the speeches for them too.

That politician is Peter Costelloe and he has said and not denied it that Howard is essentially a spendthrift with no concern for the economy come elction time. Even Peter worries about Howard's spending.

Who else is better qualified to comment? The Treasurer has to be the one to believe on Howar'ds attitude to the public and the economy. That is anything goes as long as he wins the election.
Posted by DavoP, Thursday, 9 August 2007 5:20:32 PM
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10 Years Of Service
by Dropkick Murhys
The status of our future in both past and present time,
is relegated to a member of a higher class than mine.
To determine and direct the lives of family men who bear the burden
of living up to standard that doesn't exist in 1999

[Chorus]
Who's gonna save us from this lonely picket line,
10 years of service but I'm still not worth your time.

Times may be changing but I'll never leave behind the hopes
and thoughts I have of better days for families such as mine.
Because if history repeats itself and time will surely tell.
What goes around is gonna come around and you'll know our pain too well.

[Chorus]
Who's gonna save us from this lonely picket line,
10 years of service but I'm still not worth your time.
And I've seen men give their lives,
and heard the stories that they tell of how they labored
for this company which sold it's soul to hell

[Repeat 1st verse]

[Chorus]
Who's gonna save us from this lonely picket line,
10 years of service but I'm still not worth your time.
And I've seen men give their lives,
and heard the stories that they tell of how they labored
for this company which sold it's soul to hell

Who's gonna save us from this lonely picket line,
10 years of service but I'm still not worth your time.

END

Who buys all these houses after they’ve wrecked the lives of the current owners? Spiv investors? Interest rates skyrocketing just as thousands of staff are sacked in major telcos and car manufacturing sections. Who laid the groundwork and disabled unions. It’s not just interest rates but job losses. If the head of a corporation mislead investors on the true state of a company, they’d go to goal; but, if a Prime Minister’s PR machine does the same - it’s non-core misleading PR.

VK3AUU Yes indeed. No doubt about it.

Cummunicat yes share holders should sack the board and company directors who betray Australia's workers.
Posted by ronnie peters, Thursday, 9 August 2007 5:38:16 PM
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Dear Fred,

I am grateful for your article on this Forum and in the Australian.

Please send me your email and I can send you some things

I am at

elek@netspace.net.au

Andrew Elek
Posted by Andrew Elek, Thursday, 9 August 2007 5:39:07 PM
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