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The Forum > General Discussion > The Australian economy

The Australian economy

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Arjay I think it's Wayne Swan, Belly is a lot less one eyed.

R0bert
Posted by R0bert, Friday, 17 February 2012 9:33:44 PM
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So 579, you mean like the treasurer giving the banks a hard time,
even though he knows that their costs of funding are rising.

When is the Govt going to stop issuing spin?
Posted by Yabby, Friday, 17 February 2012 9:44:57 PM
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One set of dumb twits talks the economy up while the other set of dumb twits talks it down!

They are both right... it is great by world standards, but it is built on a house of cards. It is VERY fragile.

Abbott's mob are closer to the truth - our economy is in deep trouble. But unfortunately, there solution is just more of the same that has got us into this pickle - first and foremost, to boost growth!!

There isn't the slightest thought of a no-growth stable sustainable economy from either mob of drongoes!
Posted by Ludwig, Friday, 17 February 2012 10:24:47 PM
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If Costello was still at the wheel he would have been heralded as a miracle worker for saving us from the ravages of the GFC but that's not what sells newspapers these days.

The economy is being talked down for political reasons and because there are too many journalists with too few stories to write so sensationalism is the preferred option.

Both parties have abandoned their principles in a search for political populism and poll fetishes but we are still on the right track economically.

Spewing out raw figures is completely meaningless when context is ignored. Using the current media analysis, if you spent $20 on fresh fruit and vegetables and I blew $10 on the pokies I would be considered a better economic manager than you simply because I spent less.

What other country is in a better economic position than we are in right now?
Posted by wobbles, Friday, 17 February 2012 11:23:25 PM
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I am going to blot my copy book, but first arjay.
Your self confidence is badly miss placed.
Look for it in the dusty cupboard you once put your understanding and balance in, if you have not chucked it out.
I think there is always truth.
Not used, but it however stands any test.
While Europe crumbles and America can never pay its debt.
We are trashing our economy some of us.
But truth with out doubt stands, we have a two speed economy, some true difficulty's.
But any western country no exceptions, would like to be in our position.
High Australian dollar, hurts, but floating it was a basic in opening this country , in bringing us to this high place.
We must think.
Deeply, such as Rechtub, constantly call for stricter welfare control, even food stamps.
But decry moves to end middle class welfare, Medicare levee.
That is trash talking our economy.
Posted by Belly, Saturday, 18 February 2012 3:48:16 AM
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but it is built on a house of cards.
Ludwig,
I concur with that, it's only the prettily coloured paint that's holding it up.
Posted by individual, Saturday, 18 February 2012 5:24:10 AM
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