- Mar 16, 2002
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Yer it took them a while to catch up didnt it.
So let’s cut interest rates now and force the dollar down which will raise import costs and do what to inflation????
Anthony Albanese - How long? -3-
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Yer it took them a while to catch up didnt it.
So let’s cut interest rates now and force the dollar down which will raise import costs and do what to inflation????
But it was all Labor's fault earlier?
Common theme.
Post hyperbole/lies, initially double down, eventually start tempering/walking back.
Return at a later date with similar hyperbole.
And Jimmying the books is obviously a play on Cooking the Books.
The items that are referenced in the the sub-headline are also not new news... They haven't materially changed from what was announced in the Budget, something they conveniently forgot to mention...
Which "front line" people would have lost their jobs? Most of those services are government delivered and were never in jeopardy.
- Mar 16, 2002
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I think he meant Harvey Norman executives
Post deleted but your opinion of what constitutes "runaway" in the context of inflation is that. Opinion. Impossible to quantify. Labor and the reserve are at odds on the same question. The spending question is also pure semantics but you have the power in this equation.
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- Mar 16, 2002
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The RBA has to stand firm on being tough on inflation and control sentiment… even if they think that they will cut inflation in feb they aren’t going to tell you,… . unlike the reserve bank making stupid statements under scomo..
Gralin
Super Moderator
I don't know which is worse - Albo having three senior ministers (Marles, Chalmers and Wong) who should all be sacked for incompetence or that all three are still much better than their LNP shadow equivalents.
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It is a positive headline.
You're just willing it to be negative.
I think some of you use the 'media' as some sort of crutch when things don't go your way so you see bogeymen everywhere. Similar to football supporters who blame the umpires every time their team loses ignoring the fact their team just wasn't good enough.
There was massive waste and profiteering which a properly structured policy could have been avoided not to mention simple measures that could have helped the unemployed such as employing them to point directions or fill in paperwork at covid points in airports rather than taking military staff away from their core duties at vast expense, and impact on training and their families.
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CakeEater
Brownlow Medallist
Come on Kram, they were cheerleading Zak K for a while there.
they even let his GF write puff pieces without disclosing that they were in a relationship
JobSeeker and JobKeeper were no more or less well-designed that the initial stimulus response to the GFC.
It is conventional wisdom that as far as stimulus packages to avoid recessions concern, the primary concern (and nearly the only concern) is getting the money out the door, no matter who it goes too. Rightly or wrongly.
It is conventional wisdom that as far as stimulus packages to avoid recessions concern, the primary concern (and nearly the only concern) is getting the money out the door, no matter who it goes too. Rightly or wrongly.
Wong is in a tough position. She should be doing the moral thing and cutting ties with Israel.
Instead she's doing the absolute minimum morally required and being attacked by the perpetrators (Israel) and their supporters in Australia (Dutton & the media).
She should take the lesson the whole party needs to learn. Forget what the critics say, and do the right thing.
Same goes for Marles and Chalmers. Start taxing minerals and cut taxes on low-income earners. Who cares what the corporates and papers say, they can't get gas, coal or iron ore anywhere else in the globe if their profit margin goes down 5%.
Having worked in another area of government at time of the initial covid lockdowns, the tension was finding a balance about getting money out to those who needed it without too many hoops and having a reasonable compliance mechanism in place. The slippage or leakage is always going to be higher in that environment as it is with times of emergency/disaster
And I would imagine, finding that balance when the money needs to get into the economy immediately, makes the challenge of finding that balance, all the more difficult.
Yep for sure
- Mar 16, 2002
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The big big difference was one party chose to give money directly to workers VIA a tax rebate… I didn’t get the $900 under Labor because I didn’t pay tax the previous financial year, I was overseas working.
And the other party basically gave it to businesses no questions asked…
They also let people raid their super to get tattoos and tit jobs…
I think the circumstances were slightly different as giving it to people to spend in 2020 might have been difficult as most of us weren't allowed outside for very long. Either way, I'm not critical of either the first stimulus response to the GFC or JobSeeker/JobKeeper, but both could have been done better in retrospect.
Government did not have the luxury of time to do the necessary planning and to implement the appropriate checks and balances.
Something like JobKeeper would take years to implement normally but it was rushed through due to necessity. So of course there were slippages.
Handing money to businesses was far more efficient in terms of time than giving it individually to people. And tax rebates would not have worked as the monies were needed in the here and now - not at the end of the FY.
- Mar 16, 2002
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The fact you can’t see which system was more efficient and less likely to be abused doesn’t surprise me..
