Dear individual,

You wrote;

“SteeleRedux, So, where did that 60 Billion Futures Fund fit in then ?”

Oh good lord mate. Labour not only didn't raid it they created 4 accompanying funds.

“In his 2008 Australian federal budget speech, the Treasurer, Wayne Swan announced three new "Nation-Building Funds", also to be managed by the Future Fund Board. These included a $20 billion Building Australia Fund to invest in roads, rail, ports and broadband; an $11 billion Education Investment Fund, which absorbed the $6 billion Higher Education Endowment Fund set up by the previous government; and a $10 billion Health and Hospital Fund. In that budget and the following 2009 federal budget, the Labor Rudd Government promised A$41 billion to create these new funds.”
Wikipedia

The total funds held under management, as at 31 December each year, inclusive of funds held in the Building Australia Fund, the Health and Hospitals Fund, the Education Investment Fund and the DisabilityCare Australia Fund, are:

Date
(31 Dec) Total funds
(billions) Notes

2008 Increase A$59.62
2009 Increase A$87.23
2010 Increase A$90.51
2011 Decrease A$89.39
2012 Increase A$94.96
2013 Increase A$107.36
2014 Increase A$119.47
2015 Increase A$128.5
2016 Increase A$139.5
2017 Decrease A$138.9
2018 Increase A$147.0

So you can see the largest additions to the fund have been under Labour governments. It would appear they might be pretty good at this kind of stuff.

runner,
Taking the teachings of Jesus seriously is not a failed ideology. You should try it some time!

And what's with this "virtue signalling" crap? You seem to be implying we should refrain from doing good lest it be seen as virtue signalling. Do you think we should signal only vice? If so, why?

__________________________________________________________________________

Steele,
'Twas not the fault of the mining boom that our dollar was so high; 'twas RBA incompetence with the complicity of both major parties. To control an imaginary inflation problem, they set interest rates much higher than other countries, and foreign banks parked their money in Australia, pushing our dollar up.

Runner at the time Christ was my life I would have avoided you at all costs
It is and always will be your views are bigoted and for sure not those of the Christ I once worshiped

Steeleredux,
Those earlier dates coincide with the cost increases in just about everything in daily life.
These success rates you're sprouting about didn't really reflect in any economic improvement in peoples' daily lives. Oh yes, countless public servants' salaries went into overdrive but the standard blue collar i.e. utterly necessary workers did not get a slice of that pie.
It seems Labor did rather well in looking after its cronies & other hangers-on but the average residents needed to keep on battling. Do you really believe they would have swung against Labor if Labor was so switched on at managing ? The blow-outs in anything public service, be it Customs, Health, Defence, manufacturing etc aren't exactly something to write home about.
No matter how many lovely figures you pull out of your hat the fact remains that Labor can't mange because managing means lowering costs not raising them !

SR,

If anyone is suggesting that the car industry wasn't dead in the water by 2014 then they are seriously deluded.

The industry was struggling with the strong $Aus, and between 2007 and 2013 2 of the 4 manufacturers had decided to pull out of Aus and the production of cars and number of people had dropped by 75%. In 2014 the Government subsidy was so high that it covered more than 100% of the wage bills and the industry was still losing money in spite of the 15% or greater tariffs.

Only the morons from labor whose vanity project it was could pretend that there was any economic benefit to the country in maintaining this folly.

Btw SteeleRedux,
Do you have any info on how much we taxpayers still have to fork out for that big Penthouse in Canberra ?