Rochelle's Political Thread

[BigBlackCock]

Re: Carbon tax

I stand corrected. It's the ex-Governor of the Reserve Bank - ta for the PMs folks about the peabrain. Don't you just love nitpicking peabrains?

It's also hilarious how this fuckwit is obsessed with me despite his being on my iggy list. This sad gelding also relishes making personal comments about people but whimpers away when he gets it back - he can't take it (and can't dish it out either when you assess his intellect or lack thereof). Then again, that is a trait of a wimp in an industry renown for shouting capitalist when times are good and crying socialist and pleading for government help when times are bad. This village idiot with a disability (he lacks a brain) can barely string a sentence together let alone a string for that matter. Yes, I do agree he suffers from other conditions such as penile envy brought on by years of inadequacy.

IAN MACFARLANE, the recently retired Reserve Bank Governor, has strongly endorsed economic policy during the recession Paul Keating said we had to have.

In the latest of his Boyer Lectures, published and broadcast this weekend, Mr Macfarlane defended interest rate policy at the time of the economic slump in 1990-91.

While policy mistakes were made during the period of financial deregulation in the second half of the 1980s, the actual recession was handled "excellently" and interest rate policy at the time was "optimal", Mr Macfarlane told the Herald in an interview to coincide with the Boyer Lectures.

As the economy overheated in 1989 official interest rates reached 18 per cent, the standard variable mortgage rate 17 per cent and many business loans more than 20 per cent. The economy subsequently fell into recession and the unemployment rate rose to 10.8 per cent. Mr Macfarlane was an assistant governor of the Reserve Bank at the time.

Mr Macfarlane explains in the lecture that the Government did not react in the same way as in the previous recession by pump-priming the economy.

Instead, when the recession was in full swing, interest rates were reduced in "a measured fashion" to make sure Australia grasped the once-in-a-generation opportunity to return to being a low-inflation economy. This has been the foundation for a record period of expansion which is now heading into a 16th year.

"I think the actual handling of the recession was handled excellently; I think that the policy was optimal policy," Mr Macfarlane said.

"The handling of the previous four or five years of financial deregulation - we were all very naive there." Mr Macfarlane notes that the level of interest rates in 1989 was not even unusual at the time.

"They were higher in December 1985, even higher in April 1982, and briefly so in May 1974," he said. "Thus, if we judged the tightness of monetary policy by the level of short-term interest rates, 1989 was the fourth time that we had been in this position."

Nearly all developed economies fell into recession in the early 1990s and it was "inevitable" Australia did too, Mr Macfarlane says.

"Of the 17 [developed] economies that had a recession, 10 had a larger fall in GDP than Australia," he says.

The early 1990s recession was less deep than the slump in 1982 and similar to the recessions of 1961 and 1974.

Even so, the Coalition has used the high interest rate levels of 1989 and the subsequent recession to attack Labor. Mr Macfarlane said the Government has been "very good at demonising" the recession for political gain.

 

[Alecia the Foxx]

Re: Carbon tax

Thing is Alecia I dont have most of the toys like air con (house is surrounded by deciduous trees Natural aircon)
or huge TV we are happy with a smallish TV (no teens or 20 somethings who need the latest & greatest) And the farm is minimal tillage etc I really meant society in general wants all the pros without the cons

Yeah, sorry, I didn't mean to sound like I was getting at you. Mine was a rhetorical question meant for all in the western world (including myself), the same as yours was a rhetorical statement.

 

[Farm Boy]

Re: Carbon tax

I love the way how the ex-Reserve Bank Governor General came out and stated that the economy performed worse under previous Liberal Governments than under Labor even during the recession we had to have. And this guy was a Liberal appointee.

Note: please see post further below

As I thought Big Bucket of Codswallop , Ian John Macfarlane Australian economist, and Governor of the Reserve Bank of Australia said no such thing.

And by the way I have no clue as to which reserve bank Gov you were quoting but one little jab and BBC rose to the bait.

 

[Farm Boy]

Re: Carbon tax

I stand corrected. It's the ex-Governor of the Reserve Bank - ta for the PMs folks about the peabrain. Don't you just love nitpicking peabrains?

It's also hilarious how this fuckwit is obsessed with me despite his being on my iggy list. This sad gelding also relishes making personal comments about people but whimpers away when he gets it back - he can't take it (and can't dish it out either when you assess his intellect or lack thereof). Then again, that is a trait of a wimp in an industry renown for shouting capitalist when times are good and crying socialist and pleading for government help when times are bad. This village idiot with a disability (he lacks a brain) can barely string a sentence together let alone a string for that matter. Yes, I do agree he suffers from other conditions such as penile envy brought on by years of inadequacy.

Thank you BBC much appreciated,

 

[Happy2]

Re: Carbon tax

BBC I just had to say I am not really appreciative of the jibe that all the people on the land are Capitalist when the times are good and Socialist in the bad times.
If you want to insult (and I know you both love to hate each other) Farmboy please dont use generalisations that affect far many more people

 

[BigBlackCock]

Re: Carbon tax

Well happy, that statement has been said by people many a time. The industry is known for it. I can't hate a peabrain I have little regard for.

 

[Happy2]

Re: Carbon tax

It is, a statement said by many people BBC. That is true.
But we seem to quickly forget (And I dont mean you personally) The Epitome of
capitalism is the banking industry Yet they were quite happy to go cap in hand and get guarantees from the Government during the (And I hate the term) GFC
That to me is Capitalism in good times Socialism in bad
But as we all probably agree it depends on your personal happenstance and from which position you are looking from

 

[BigBlackCock]

Re: Carbon tax

On another aspect Happy, if you look at the posts, I made a simple error, which anyone would make after any tedious day, referring to someone who was an an ex-bank governor as an an ex-governor general.

Automatically, this peabrain then makes a personal comments about me producing codswallop (I suspect he doesn't know the proper context of its use), using information from some other time and another posting to criticize the first job I undertook. He makes PERSONAL comments and attacks. It's not the first time - look at our posts from before.

I don't make such PERSONAL attacks against him - except for once when I sank to his level or when he's gone too far. I've had him on my ignore list for close to a couple of months now and this sad boy shows the traits of a cowardly internet stalker.

This is sometimes referred to as the Internet Dickwad Theory of Anonymity where gutless people hide behind nicks to make such comments. I suspect, given I live in Perth, that if Farmboy had to meet me here (or anyone else he insults on this message board) one night for a toe to toe fight - he'd have no intestinal fortitude. Then again there is theory that when one has no brains, he will have no balls. He even admits in his posting that he did it to bait me.

The people who sent me PMs about his pathetic swipe at me have more contempt for him than I have, believe me. I will now let the matter rest.

 

[BigBlackCock]

Re: Carbon tax

Hi Happy, on another note, we may have to agree to disagree on this one (apologies for detracting from the thread but it's relevant in a sense).

But we seem to quickly forget (And I dont mean you personally) The Epitome of
capitalism is the banking industry Yet they were quite happy to go cap in hand and get guarantees from the Government during the (And I hate the term) GFC

I suspect really that the epitome of capitalism is greed. And to doctor the words of Karl Marx - a propensity to overconsume.

 

[Happy2]

Re: Carbon tax

I cant see a difference BBC I mean I would of thought Banks were a great example of greed And they want us to overspend Buying huge homes and cars etc

But as you say agree to disagree It harms no-one and no insults traded

 

[Farm Boy]

Re: Carbon tax

Well happy, that statement has been said by people many a time. The industry is known for it. I can't hate a peabrain I have little regard for.

It was to be expected the carbon tax debate got nasty and BBC got company.



Carbon tax debate gets nasty
PHILLIP COOREY, THE AGE
28 Jul, 2011 05:46 AM
THE Australian Federal Police is looking at statements by members of the public calling for the assassination of the Prime Minister, Julia Gillard, and members of her government but has yet to determine whether any warrant investigation.

The police confirmed developments were being assessing amid a rising concern about the increasingly spiteful nature of the public discourse that surrounds politics.

 

[whilom]

Re: Carbon tax

Settle children.
Be nice.
We all have differences of opinion (I like ABBA).
Smile and be happy

 

[Happy2]

Re: Carbon tax

ABBA ?
Dont tell anyone but before I grew up a bit I bought 1 or 2 albums of theirs
I would burn them But after reading some of the posts on carbon I am too scared to

 

[Alecia the Foxx]

Re: Carbon tax

ABBA ?
Dont tell anyone but before I grew up a bit I bought 1 or 2 albums of theirs
I would burn them But after reading some of the posts on carbon I am too scared to

Ha ha ha ...!! Good one :laughing4

 

[Rochelle]

Who wants to be a politician?

It is very unlikely that I will ever make it to a millionaire but just recently I thought I should go into politics. I mean.....looking at the pay rise they got given just a couple of days ago.......wow......who wouldn't.
Especially when everybody else gets a pay rise as well.......lol yeah right. I "love" it when our politicians lead with example. Well done guys....your timing is impeccable. :BangHead:

R.xxxxxxxxxxxxxxx

 

[homer]

Re: Who wants to be a politician?

I would like to be a back bencher, making 6 figures. Perks and pay rise are guaranteed.

 

[Demon]

Re: Who wants to be a politician?

I would like to be a back bencher, making 6 figures. Perks and pay rise are guaranteed.

A few years ago the leader of one of the federal parties was surprised to find that for 70% of his MPs their backbench pay was a massive increase over what they had ever earned before.

Higher polly pay just pays party hacks more, and encourages the rubbish behaviour which they think is important.

Friedrich Hayek wrote "The Road to Serfdom" published in 1944. He was an Austrian in London. One chapter "Why the Worst" explains why the more power politicians have the worse the person who goes into politics, and the more bad things they will do to get the job. Pollies hated what he wrote, particularly when he said Britain was going down the track of Nazi Germany. He had escaped that just years earlier.

A crackpot writer - I think not. He won the Nobel Prize for Economics in 1974.

Pollies are not motivated by the money - it is the power. But when they get the power they give themselves as much benefits as possible.

I have met many pollies personally over the years (All parties, several countries). Those I respect are:

.
.
.
.
.
.
.

The end

 

[Perth boy]

Re: Who wants to be a politician?

Sorry to against the tide but I don’t believe they get paid enough and I would not do it for that type of money .
I think they all need to be fired and get some business minded people and pay them what ever they need to run the country.
The big job need a pay packet around 12mil this way we get someone that knows what the heck they are doing. Run the country like a large corporation with a board of directors and a bloody chairman (or chair lady)
For the record I have personal friends that are Polly’s and although they are good friends they got no bloody idea and I would not employ them.

 

[oz-surfer]

Re: Who wants to be a politician?

I agree (almost) entirely with Perth Boy.

In a professional sense (let alone a corporate sense) their pay is relatively small. Without bragging (just making a point) - I am a professional managing large projects and ~10 people and I earn more than the Prime Minister - who clearly has a more important job than I.

 

[Demon]

Re: Who wants to be a politician?

For the record I have personal friends that are Polly’s and although they are good friends they got no bloody idea and I would not employ them.

See $200,000 a year + massive benefits (including a ridiculously generous pension) still gets monkeys (sorry to any monkeys reading this).

Paying more does not get better people, it gets worse.

Research into corporate salaries has shown that when comparing companies in the same industry, those who pay higher salaries get WORSE performance. Why? People motivated by money are not as good at their job. Only at the politics to get the job. [Source: Harvard Business Review and others of similar, or higher standing, so not some 2nd rate vested interest research].

 

[sexnut]

Re: Who wants to be a politician?

Seriously how do I become a politician? Where would I start?

 

[Demon]

Re: Who wants to be a politician?

Seriously how do I become a politician? Where would I start?

Can't be worse than the current lot. Check whether you have what it takes: Dishonest, will do anything (lick ass at PhD level). PhD = Piled Higher and Deeper, Won't do anything the electorate wants (Have you noticed how most things with 60+% public support are opposed by pollies (eg Gay marriage)

Did I mention dishonest and unethical, lying bastard (or bitch to be gender neutral).

Totally useless at everything you do, except putting snout in public trough.

If you have all of these join the queue. But those ahead of you have been doing it for the party since they left school (more years experience)

Any real talent = automatic disqualification (Can't be better than the top dog).

 

[asianguy77]

Re: Who wants to be a politician?

Although, Julia Gillard's latest pay increase to $470,000 seems rather substantial, and it's something I will never make in a year, if you put it into perspective it's peanuts compared to what some of the top CEO's in Australia are making:

News Ltd Rupert Murdoch: $31 million
Westfield's Frank Lowry: $15.95 million
ANZ Mike Smith: $10.04 million

EVEN THE QANTAS BOSS ALAN JOYCE GOT A $2 MILLION PAY RISE TO $5 MILLION! :

 

[Rochelle]

Re: Who wants to be a politician?

I think a quite a few people do agree with you, Perth Boy. I might be a hopeless idealist but somehow I still believe that politicians should be where they are because they believe in what they are doing.....believe in the idea of democracy........believe in a vision (oh dear I am not only sounding like a hopeless idealist......I sound like an old fashioned one as well). Cut long story short if you really WANT to do something out of a belief than you don't need $200000 per year plus benefits while the majority of "your" people struggle to pay the next power bill.
I mean look at them now.........the problem of modern politics is that they only see it as a job.........no enthusiasm in it.....most of the debates in parlament are a waste of time (an international phenomenon by the way).......nothing changes.

Hi sexnut maybe we should start with our own party........:laughing4

R.xxxxxxxxxx

 

[Perth boy]

Re: Who wants to be a politician?

Hi sexnut maybe we should start with our own party........:laughing4

R.xxxxxxxxxx

Rochelle and Sexnut if you want to start your own on
party at least the country will be fun. I think all the forum members would be more than happy to vote. Hell I will fund it.

:icon_blow:icon_blow:icon_blow:icon_blow:icon_blow:icon_blow

 

[Demon]

Re: Who wants to be a politician?

Rochelle and Sexnut if you want to start your own on
party at least the country will be fun. I think all the forum members would be more than happy to vote. Hell I will fund it.

:icon_blow:icon_blow:icon_blow:icon_blow:icon_blow:icon_blow

If they start their own party, forget the voting, just join the party.

 

[Fudd]

Re: Who wants to be a politician?

...one of the biggest problems with politics is the "party system". To stand for an election, you need to be endorsed by a party for that seat. Hence, who can bullshit the loudest, will get endorsed. Then you need to win that seat and, once elected, you are normally gagged from voting according to your principles and have to tow the party line.

If you want true democracy.......get rid of the "party system" and have all candidates stand as independents......

 

[Demon]

Re: Who wants to be a politician?

...one of the biggest problems with politics is the "party system". To stand for an election, you need to be endorsed by a party for that seat. Hence, who can bullshit the loudest, will get endorsed. Then you need to win that seat and, once elected, you are normally gagged from voting according to your principles and have to tow the party line.

If you want true democracy.......get rid of the "party system" and have all candidates stand as independents......

A few decades ago the parties set it up so that only they can win. Govt funding, based on previous election means that only the current parties can ever win, except by a fluke once or twice (which will never change the dominance of the parties). Independents (???) are those who left a party while holding the seat. Proving that incumbency is a massive benefit.

 

[Farm Boy]

Re: Who wants to be a politician?

...one of the biggest problems with politics is the "party system". To stand for an election, you need to be endorsed by a party for that seat. Hence, who can bullshit the loudest, will get endorsed. Then you need to win that seat and, once elected, you are normally gagged from voting according to your principles and have to tow the party line.

If you want true democracy.......get rid of the "party system" and have all candidates stand as independents......

Sorry Fudd but I think your wrong this time and hears why.


* Bob Katter
&Tony Windsor
& Rob Oakeshott,
& Anthony John "Tony" Crook
& Andrew Damien Wilkie
& Adam Paul Bandt

Have put me right off independents

 

[Demon]

Re: Who wants to be a politician?

Sorry Fudd but I think your wrong this time and hear why.


* Bob Katterhave
&Tony Windsor
& Rob Oakeshott,
&

Poster boys for b**d pollies. Remember the keep the b**ds honest party voted for the GST after campaigning against.