TZ52HX “Now Col, you may possess all the answers, and know that almost all first world governments are wrong, wrong wrong, but you're not in charge and no consequences or risk results from your "opinions";”

So you know what I do when not posting here?

You know which “arenas of influence” I frequent?

“and there's no responsibility on your shoulders.”

Wrong… Like every other tax payer, I will wear the responsibility to work harder to pay the elevated levels of tax this present government strategy will require and
I know I would otherwise spend what I earn with greater respect than the bunch of socialist meddlers will spend those taxes with disregard.

“You get NOTHING in life for free”

Yes well, as someone who pays tax I certainly know that…

I would recall it was Margaret Thatcher, in her book “Statecraft” who said

"If one generation is expected to carry an excessive burden on behalf of another, it will seek by every means to avoid it. It will either demand that past promises are broken, or it will not work, or it will not pay taxes, or the most talented people will leave. Socialist governments which have tried to tax 'till the pips squeak' have ample experience of that."

The issue is not

“How to feed consumption ? (present Krudd Socialist strategy)”

But

“how to restore confidence ?” (the bit the swill has never understood)

The profligacy of the Socialists in the incumbent Australian government will be paid for by the next two or three generations, and the self funded retirees of this generation.

Fortunately for me, the major plank of my “superannuation” are private company shares which are not traded but which own the wealth generating processes which in turn provide a handsome recurring income.

When you are ready to understand grown-ups, you should come and hear me talk of the merits of dividend imputation on marginal tax rates.. a fascinating topic but only appreciated by those who actually pay tax.

Governments of all political persuasions are instigating stimulus packages the world over. Why are they doing this? Because that's what's needed to lessen the consequences of the worst financial disaster since the great depression. In Australia, the Liberal Party, if in government, would be doing the opposite of what they are saying in opposition. It would be structured differently to Labour's package, but a Liberal stimulus package there would be.

But all this doesn't interest our resident genius "Col". According to Col--- Col knows the "socialists" are to blame for everything that's gone economically bad in the world. Col knows exactly what will, and will not, alleviate current economic woes worldwide. And of course, Col has his own investments all under total control and continues to rake in spiraling profits for himself.

Col's an economic genius, with "ALL" the answers. Gee, it must be wonderful to be so perfect, and so all knowing.

At least his "opinions" and "theories" and "boasts" make good comical reading. Nothing like good, light entertainment for a laugh.

"Col's an economic genius, with "ALL" the answers. Gee, it must be wonderful to be so perfect, and so all knowing."

Why not challenge my views with substance rather than attempt the sarcasm of the dull witted?

Its not difficult to do, for anyone with an IQ larger than their shoe size... although it does explain you.

"According to Col--- Col knows the "socialists" are to blame for everything that's gone economically bad in the world."

please quote where I have suggested the socialists are to "blame for everything" on this thread.

Being responsible for stupid policy in the face of a crisis is not to blame anyone for everything, it is to simply recognise that the wrong response to a crisis is the wrong response to a crisis.

If you think pump priming a bouyant eceonomy, an economy which just a year ago was being dampened down with increasing prime interest rates, is the correct action, then suggest it and I will tell you why "fiscal prudence" should be maintained and why all that is happening with Housing grants is to enhance the price of already overvalued real estate which people will buy and then default on when the overheating from the stimulus package cools and they lose their jobs and why simply throwing money at people does not result in an economic stimulus, as has been observed by many experts.

I think you must be a two handed jerker otherwise you are in serious risk of a repetetive strain injury on the arm you are deploying.

It seems Col is the receptacle of all knowledge. According to Col, the governments of almost the entire first world are wrong, but "Col" is right. Rest assured folks, "Col" knows all the solutions.

And if you don't agree with "Col", well according to "Col" you're then a "jerker".

Boy, Col's just so intelligent!

Great comedy entertainment value though.