Pacquiao in Sydney???

I'm yet to work out how the insulation and school halls program saved us from the GFC. And the government's basically paid for them via the mother of all credit cards.

If someone can explain to me the benefits of the programs I would appreciate it because at the moment it's got me ****ed.

 

In simple terms Johnny, it was to keep the economy bouyant.
Those programs distributed funds necessary to do this.

The irony of the Oz system is that in the US, everyone was told to tighten their belts, dispose of unnecessay items & batten down for poverty.

President Roosevelt did the opposite, He created the new Deal pouring funds int things like National roads program & it was the lynchpin to the recovery from the depression.

Sadly though, in this country, & in these times, people lost their way with the program & just jumped in for their whack, ****en rip off merchant & drop kicks whose attitude of "Fuk the country, fuk the crisis, grab what you can"

We should keep sight of this. The government didn't have time to chase up quotes & do background checks to get the program up & running.

Having said that, that bald headed lawyer, come rocker, come failure, Garrat never helped much.:twisted:

 

You do realise how well off Howard and Costello left this country the previous 10yrs before the GFC dont you atsch

If they were still in power when the GFC hit what do you think would have happened??

Put it this way, we wouldn't be wasting money on pink bats and insullation, school halls etc etc............ We would actually be in a far better position.

 

Dead right about Libs & Labour.
This is what happens when a rabble drive away clever people.
The Macquarie street mafia were a coven of self serving oafs that couldn't run an egg & spoon race, but how bad were the Libs. They couldn't find anyone smart enough to show what duds the other mob were.
If Fatty O'Barrel is the best they got, things aren't going to improve much after they flush the Woolloomooloo yank away.

You watch them get carried away with their landslide victory. They won't see it as a mob getting voted out & winning by default.

As for the Nat. B. N. Mate, when you are so far behind the rest of the world with international business getting their deals done while we are still typing, if we don't do this, we are looking at massive job exports.
Cheers

BTW. Manny is a politician.

 

Mate no problem with business getting the best speed posssible but why do every day mum and dads need this sort of speed at such a huge cost.

all major business districts no dramas every house in Aus a ridiculous decision

 

Rodin, I can understand the need to keep the economy buoyant but I'm still at a loss to see how the insulation and school halls programs did this.

The insulation industry is a tiny part of the Aussie economy. Even if the program was a raging success and had no problems during roll-out, it still would have done absolutely nothing in the short term for the economy. The program didn't limit itself to Aussie made insulation, so if anyone benefited from the program it was the Chinese exporters & economy.

And as for the school halls program, we had buildings going up that weren't a priority or in some cases even required. Yeah, the building & construction industry was kept busy but it drained the skilled trades away from the residential sector. So as a consequence, our shortage of housing was further exasperated and house prices continued to reach record highs. Why didn't the government build houses instead of halls?

All of this was done on credit. Someone's going to have to pay it back.

 

amazed no one even made a comment about pac man loosing a million dollars at the Casino

 

Source :think

 

To be honest it did cross my mind. If he really was some religious, man-of-the-people he would've donated that money to help a lot of Filipino kids rather than gamble it away on some holiday/junket.

 

a mate of mine who was at the casino at the time. I know that sounds like a real bul**** source but it is the truth.

 

Well mate, they came in with a $70B public (G.ment) debt, & a Private sector debt of about the same (App. $70 B).
They sold off Telstra, The Airports. ABC, SBS, Nat Rail etc, & they introduced the GST.
When they went out of office, they left $20 B in the kitty but left the private sector in debt to the tune of $470B.
What that means is that the private sector was struggling but the taxes kept rolling in. They were living on credit. These were not boom years so the debt was largely accumulated maintaining living standards.
When people are trying to stay bouyant but are suffering, they vote that way. Hence Howard lost office & his own seat.

Regarding the Batts. It's what got Rudd dumped. His obsession with the bloody Carbon Tax & the Global warming Copenhagan carry on, he'd lost the plot.

I think that debating whether spending money on schools was a waste, we first have to consider if the media's reporting on it's failures was designed to prevent a catastrophe or create controversy.
There is a weatherboard public infants school around the corner from me that about 70 years old. They probably could have done without the new modern structure, but that's easy for me to say, I don't attend it (Except to vote) & I don't have to teach there. These are the things the media didn't seem to think warranted attention.

Johnny boy. Mate, when you have the luxury of time & reflection, there were many mistakes made to ponder, but if the boat is sinking & your only option is to stuff money into the hole, at least you don't drown & you get to recover, unlike P.I.G.S.(Portugal, Ireland etc)
Our debt it miniscule compared to the rest of the world & our economy is unscathed. (That could change though, if the rest of the developed world doesn't get a handle on it)
Cheers

 

Ceddy, the acceleration of home offices has been the major reason why, though we have lost so many manufacturing industries to offshore multinationals, our employment level has maintained balance.
There has been a massive shift to technology.
I'm on ADSL Extreme 2 which is supposed to give me a bandwidth of 25 Megs. On a good day, I get 5.
What the NBN will provide is like comparing the present system to posting a letter compared to making a phone call, in speed.

The days of high rise office blocks are gone. They are now being replaced by domestic Units & they all want immediate responses.

Us old blokes can see a lot of flaws in the excesses of technology but what do we know. That's life mate.ld

 

The millions that will be getting it to download movies quicker is stupid IMO as i said business is fine also it is going to take 7 years or so to complete with the improvement in technology in the last 10 years dont you think wireless technology by 2010 will be far superior and a much much cheaper way to do things, start with business by the time you get to houses wireless will be good enough

 

also about 70% of the internet that is accessed in Aus is from the US which at last look had a speed of 5 megabits per second so why have a super fast speed when it aint getting here that quick

 

:yikes Back to the future!