Anthony Albanese - How long? -3-

[Rotayjay]

https://www.news.com.au/finance/the-income-sweet-spot-to-get-a-mortgage-200000-to-500000/news-story/3cf4f27b735e4c23b0a02173bad84e3e

"Household income of $100,000? That will probably make mortgage brokers sigh. The sweet spot, if you want a loan these days, is to be between $200,000 and $500,000.

That’s the implication of new data from Australia’s second-biggest mortgage lender, Westpac.

As the next chart shows, the proportion of loans given to households making under $200,000 has collapsed. Most lending now goes to families making much, much more. In just the last four years, loans going to households making over $200,000 have gone from being a minority to a majority of lending."

When 'normal' people can't get a loan anymore, it's reached a new level of unaffordability.

 

[geoffjennings79]

... the jobkeeper money his mates at the big companies took from the public purse.

The money Fraudenberg and ScoMo splashed around like drunken sailors?

Edit: I see SBD Gonzalez has already addressed your post more succinctly, and accurately in post #1427.

 

[Gralin]

Surpluses
Tax cuts for all
Falling inflation
Low Unemployment
Interest rates about to fall
Wholes sale energy prices falling

I've said before I don't see their surpluses during a COL as a tick, especially when they refused to raise welfare payments as part of achieving it

Tax cuts for all is also a bit sketchy, they call it that but it wasn't and those at the bottom may as well not have gotten one with how small theirs was

falling inflation is a tick

low unemployment is true but under employment and ability to live off the wage you earn is more important and I don't think on either of those metrics they are doing well

interest rates about to fall, lets just wait and see if they do, that said given the government have made it very clear the RBA is separate to them I don't think you should be giving them credit directly for something they don't do themselves

if they dont want the blame for rates going up they can't have the credit for them going down

wholesale prices falling only matters if retail prices follow, otherwise its just increasing profit margins and not helping anyone

I haven't seen a letter from my retailer saying my prices are going down

 

[nut]

interest rates about to fall, lets just wait and see if they do, that said given the government have made it very clear the RBA is separate to them I don't think you should be giving them credit directly for something they don't do themselves

Yes but the reason why inflation increased and interest rates increased was because of the biggest stimulus ever… plus other factors like Ukraine, energy prices and supply chains cost etc..,

The RBA have said that they will cut interest rates when inflations falls between a band… the governments policies, including being tight on spending etc.. and helping reduce the costs of energy with rebates has helped get inflation down into that band.

Being able to achieve this whilst keeping unemployment low , and thus less need for welfare checks has been remarkable.

Record Black Friday sales
Record Xmas sales….

Also wages are finally rising after a decade of LNP policies pushing the down … another

 

[Gralin]

Yes but the reason why inflation increased and interest rates increased was because of the biggest stimulus ever… plus other factors like Ukraine, energy prices and supply chains cost etc..,

so again if its not their fault it went up why are you giving them credit for it going down

The RBA have said that they will cut interest rates when inflations falls between a band… the governments policies, including being tight on spending etc.. and helping reduce the costs of energy with rebates has helped get inflation down into that band.

they chose a path through this that as usual put all the burden on those least able to shoulder it

homelessness rising at record rates .... tick

Being able to achieve this whilst keeping unemployment low , and thus less need for welfare checks has been remarkable.

Record Black Friday sales
Record Xmas sales….

wow how good is the economy!

Also wages are finally rising after a decade of LNP policies pushing the down … another

wages are still behind 2021 values in real terms

again, not a tick currently

 

[nut]

so again if its not their fault it went up why are you giving them credit for it going down

Because they were economically responsible when it was needed… increased spending could have delayed inflation falling and could have seen it continue to rise…

 

[nut]

so again if its not their fault it went up why are you giving them credit for it going down

they chose a path through this that as usual put all the burden on those least able to shoulder it

homelessness rising at record rates .... tick

wow how good is the economy!

wages are still behind 2021 values in real terms

again, not a tick currently

I agree the poor are getting screwed, I’m all for destroying capitalism .

but surely more jobs and low unemployment is a plus.
Penalty rates back
Cracking down on wage theft …. Things you never see under the LNP

 

[Gralin]

Because they were economically responsible when it was needed… increased spending could have delayed inflation falling and could have seen it continue to rise…

increased spending on welfare would not have been inflationary and would have actually helped a large chunk of the population

nobody left behind went out the window as soon as they saw an opportunity for a budget surplus

they screwed over a large chunk of the most vulnerable members of society to get that surplus and you crowing about it is as morbid as them doing it

they'll never get a tick from me for being such callous campaigners and anyone who thinks they are care about people should by now realise they don't

the point of the economy is meant to be to serve society not the other way around

governments are in the unique position of not needing to make a profit, a budget surplus is purely them choosing not to do their jobs

when welfare public health and education are getting thrown under the bus for a surplus but nuclear subs, fossil fuel subsidies, tax concessions for the wealthy etc aren't it should tell you everything you need to know

saying they did good either means you agree with them or you're not looking at the big picture

so which is it?

 

[Gralin]

I agree the poor are getting screwed, I’m all for destroying capitalism .

but surely more jobs and low unemployment is a plus.
Penalty rates back
Cracking down on wage theft …. Things you never see under the LNP

when people are earning less than before labor got in power

when they are going homeless at faster rates

when labor have ramped up debt collection and continued with the LNP path of treating welfare recipients like criminals

they get nothing from me

they tinker around the edges to be seen to be differnt from the LNP but the core reality is the same, **** the poor, **** the vulnerable

**** public health, **** public education

they aren't actually making things better

this isn't me saying the coalition would be better, this is me saying these lists of how ace are labor are shit

 

[Not Important]

+ 1

Australian Politics 🇦🇺 (@auspol.info)

Maybe our Attorney-General, Mark Dreyfus, should be trying to fix our inadequate whistleblower protection laws, and the hopeless NACC, before he jets off to Israel for a trip?

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