Talking Politics

[Baloo]

I have an economics degree and our economy is in massive strife. People are doing it very hard under this government. Could the Libs do better? I don’t know.

7 consecutive quarters of decline. Realistically we are in recession.

Australians Are Deep In Recession Record Seventh Consecutive Quarter Of Per Capita GDP Decline

“Australians are getting poorer as ABS data has confirmed a record seventh consecutive quarter of negative per capita economic growth. This means Australians today are $4,310 per annum worse off due to this personal recession,” said Morgan Begg, Director of Research at the Institute of Public...

ipa.org.au

My answers for the economy are cut the red tape significantly for businesses to encourage record investment.

Put the mining/resource tax back on the table. Tony Abbott really stuffed up getting rid of this.

We know to be a true green economy we have to do a record amount of mining.

Slow down immigration until building approvals are ahead of population growth.

Further tax cuts to lower and middle income earners so we can stop the decline of our living standards. The mining taxes will pay for that.

I'd overhaul the tax system.l as well. It's way too easy to minimise or protect income using our over complicated tax system. Both business and personal.

 

[tigerlove]

I dislike Trump like most here but you must be realistic.

Trump forced this action. He mentioned before he was elected that he was going to put a tariff on them for the drugs coming in.

They would have then got to work in case he got elected. Once he was elected this was announced. Trump has got his finger prints on it this week for his own gain this week sure. But if Trump wasn’t elected this wouldn’t be policy it would be same same. The drug addicts can keep dying.

I understand Mexico but I really don't understand Canada. Drugs coming from Canada are minimal. Obviously Trump's motives for Canada are not drug-related but immigration-related. This sledgehammer approach of tariff threats on your long-time allies until you get what you want just makes the economies and markets so nervous. How long before Trump makes demands on Australia for what crazy unhinged reason he can muster up?

The amount of fentanyl entering the U.S. from Canada is minimal. In 2024, only 43 pounds of fentanyl were seized at the U.S.-Canada border, accounting for about 0.2% of all fentanyl seizures in the U.S. In contrast, over 21,100 pounds were seized at the U.S.-Mexico border, which represents the vast majority of fentanyl entering the country.

 

[gold1]

you have No regard for facts, which I concede is on trend.

the Future Fund averages 8% p.a.

google Future Fund. they have a website and publish performance.

Costello, who was in charge of our books, said

'gold is no longer financially relevant', and then it proceeded to do 30% p.a. averaged over 30 years

but you dont go 'gee, thats a big stuff up from a nations chief finance man'

when you sold your house, 1. it wasn't the Australian Peoples house and 2. im assuming you didn't say to the world 'housing is finished as an investment, she's over fellas'

engaging with people who have no regard for fact, or who never concede a mm,

is utterly pointless.

Here is a fact.You are trying your best to argue your case that Labor handles finances better.History has shown that is not the case time and time again be it federal or state.

 

[larabee]

Here is a fact.You are trying your best to argue your case that Labor handles finances better.History has shown that is not the case time and time again be it federal or state.

So wrong

Choose your poison:

Debunking the myth that the Coalition are good economic managers

The mainstream media is pushing hard for the fiction that the Coalition competently manages the economy, as Alan Austin reports.

independentaustralia.net

Is the Coalition really the better economic manager?

Contradicting the Morrison government’s election rhetoric, the facts suggest Labor has a better recent track record on handling the books and reforming the economy.

www.afr.com

The Coalition banks on the myth they are better economic managers than Labor, but facts are eroding the slogan | Peter Lewis

Australians’ lived experiences show the PM can’t even convince his own base that he can manage their rising household expenses

www.theguardian.com

Fact check: Does the Coalition always manage the economy better than Labor?

For decades the Liberal Party has traded on the idea that it is the party of lower interest rates, lower taxes, lower unemployment, tighter budgets and stronger economic growth. But is it true?

www.smh.com.au

https://www.thenewdaily.com.au/finance/2025/01/08/labor-liberal-economic

The idea that conservatives are better economic managers simply does not stand up

www.unsw.edu.au

 

[Sintiger]

Please don't presume to know what I think, you're not clever enough to do that. I'm not all over the middle east situation, so I don't really have a position. I just can't stand some of the righteous hypocrisy that goes on here, also, I actually don't choose to find humour offensive, whether I agree with the with it or not. I do find it interesting that some people here feel free to slag off and make jokes about Christians, but it's disgusting when it's certain other races or religions.

Nah sorry that’s not humour.

 

[spook]

So wrong

Choose your poison:

Debunking the myth that the Coalition are good economic managers

The mainstream media is pushing hard for the fiction that the Coalition competently manages the economy, as Alan Austin reports.

independentaustralia.net

Is the Coalition really the better economic manager?

Contradicting the Morrison government’s election rhetoric, the facts suggest Labor has a better recent track record on handling the books and reforming the economy.

www.afr.com

The Coalition banks on the myth they are better economic managers than Labor, but facts are eroding the slogan | Peter Lewis

Australians’ lived experiences show the PM can’t even convince his own base that he can manage their rising household expenses

www.theguardian.com

Fact check: Does the Coalition always manage the economy better than Labor?

For decades the Liberal Party has traded on the idea that it is the party of lower interest rates, lower taxes, lower unemployment, tighter budgets and stronger economic growth. But is it true?

www.smh.com.au

https://www.thenewdaily.com.au/finance/2025/01/08/labor-liberal-economic

The idea that conservatives are better economic managers simply does not stand up

www.unsw.edu.au

Do you have a link for that?

 

[tigertime2]

The fact that you are so willing to light heartedly joke about the potentially US and Israel forcibly invading Gaza, and eliminating the Palestinians from living there says a lot about you, it also says a lot about your religious views.

So you think October 7th is okay?
You think it's okay to take hostages of innocent people?
You think it's okay for terrorism to thrive in Gaza and launch inhumane attacks on innocent Israeli citizens?

 

[Baloo]

Here is a fact.You are trying your best to argue your case that Labor handles finances better.History has shown that is not the case time and time again be it federal or state.

If that's a fact, can you provide a link? I can't find any site that backs that claim with factual data.

 

[Brodders17]

So you think October 7th is okay?
You think it's okay to take hostages of innocent people?
You think it's okay for terrorism to thrive in Gaza and launch inhumane attacks on innocent Israeli citizens?

No, I don't.
Some people are capable of being appalled by what happened on Oct 7th, while also being against the indiscriminate murder and destruction that has happened since.
They is where I sit.
You on the other hand assist to be happy to see Palestinians killed and appear amused by the idea of them being forcibly removed from their homes.

 

[IanG]

Here is a fact.You are trying your best to argue your case that Labor handles finances better.History has shown that is not the case time and time again be it federal or state.

Thats not actually a fact.

 

[IanG]

I dislike Trump like most here but you must be realistic.

Trump forced this action. He mentioned before he was elected that he was going to put a tariff on them for the drugs coming in.

They would have then got to work in case he got elected. Once he was elected this was announced. Trump has got his finger prints on it this week for his own gain this week sure. But if Trump wasn’t elected this wouldn’t be policy it would be same same. The drug addicts can keep dying.

Unless you have a source showing that it was Trump who prompted it before he became President you're making an assumption.

 

[MB78]

Unless you have a source showing that it was Trump who prompted it before he became President you're making an assumption.

Trudeau in Florida to meet Trump after tariffs threat – reports

Canada’s PM to dine with US president-elect at Mar-a-Lago resort, news reports say, days after Trump threatens 25% tariff on Canadian imports

www.theguardian.com

Campaign promise refer below:

Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in office

Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes.

www.nbcnews.com

Seriously I’m surprised you didn’t know that was an election pledge of his.

 

[tigertime2]

No, I don't.
Some people are capable of being appalled by what happened on Oct 7th, while also being against the indiscriminate murder and destruction that has happened since.
They is where I sit.
You on the other hand assist to be happy to see Palestinians killed and appear amused by the idea of them being forcibly removed from their homes.

I don't like terrorism.
Terrorists are embedded in housing Churches, hospitals , UNWRA, etc. In Gaza.
I don't think it is a safe place to live. So logically it is best to move them out. It is abhorrent to mount the argument you cannot take them out because Israel wins.

Israel has every right to defend itself from terrorism and terrorist attacks. One side will never stop and that is Hamas. I will never support a State that sponsors terrorism.

 

[larabee]

No, I don't.
Some people are capable of being appalled by what happened on Oct 7th, while also being against the indiscriminate murder and destruction that has happened since.
They is where I sit.
You on the other hand assist to be happy to see Palestinians killed and appear amused by the idea of them being forcibly removed from their homes.

It’s a pretty simple concept that you can be against atrocities no matter who’s committing them, but some still don’t seem to get it.
And they keep trying to imply that all those who condemn the Israeli govts genocide in Gaza, must therefore be for Hamas.

 

[tigerman]

Dutton has been selling a truckload of properties. His holdings makes Albo's recent purchase look insignificant.

https://www.news.com.au/finance/real-estate/selling/peter-dutton-offloads-12m-property-empire-as-fight-for-top-job-heats-up/news-story/9a6376b5ea589fcb3d8b1ad553ecd626

 

[mrposhman]

I don't like terrorism.
Terrorists are embedded in housing Churches, hospitals , UNWRA, etc. In Gaza.
I don't think it is a safe place to live. So logically it is best to move them out. It is abhorrent to mount the argument you cannot take them out because Israel wins.

Israel has every right to defend itself from terrorism and terrorist attacks. One side will never stop and that is Hamas. I will never support a State that sponsors terrorism.

I've been very clear on he (like everyone) that October 7th was abhorrent. Does fighting back against that mean trying to take terrorists out, or completely flattening with artillery and then armored bulldozers, everything in your path?? Personally I think thats a massively disproportionate response. What was the death tally on October 7th? 1200 or something right, is killing nearly 50k people a proportionate response?

 

[tigertime2]

It’s a pretty simple concept that you can be against atrocities no matter who’s committing them, but some still don’t seem to get it.
And they keep trying to imply that all those who condemn the Israeli govts genocide in Gaza, must therefore be for Hamas.

It's not genocide, it's a war zone. Hamas use their own people as human shields.

I do not see people starving in Gaza nor wearing tattered clothing. Yes war is shocking. Absolutely I agree. However this is not genocide.

 

[tigertime2]

I've been very clear on he (like everyone) that October 7th was abhorrent. Does fighting back against that mean trying to take terrorists out, or completely flattening with artillery and then armored bulldozers, everything in your path?? Personally I think thats a massively disproportionate response. What was the death tally on October 7th? 1200 or something right, is killing nearly 50k people a proportionate response?

It's not 50k the numbers 23,000 Hamas soldiers killed. Yes innocent people have been killed. Any war has tragic casualties.

 

[mrposhman]

I have an economics degree and our economy is in massive strife. People are doing it very hard under this government. Could the Libs do better? I don’t know.

7 consecutive quarters of decline. Realistically we are in recession.

Australians Are Deep In Recession Record Seventh Consecutive Quarter Of Per Capita GDP Decline

“Australians are getting poorer as ABS data has confirmed a record seventh consecutive quarter of negative per capita economic growth. This means Australians today are $4,310 per annum worse off due to this personal recession,” said Morgan Begg, Director of Research at the Institute of Public...

ipa.org.au

My answers for the economy are cut the red tape significantly for businesses to encourage record investment.

Put the mining/resource tax back on the table. Tony Abbott really stuffed up getting rid of this.

We know to be a true green economy we have to do a record amount of mining.

Slow down immigration until building approvals are ahead of population growth.

Further tax cuts to lower and middle income earners so we can stop the decline of our living standards. The mining taxes will pay for that.

I don't doubt your figures but to say the economy is in massive strife IMO is an over reach. There are a lot of people taking the current economic position we are in and looking at it in an isolated way, ie. just at Australia, when the recession (if we want to call it that) has been impacting countries globally.

Anecdotally, I happen to have family over from the UK right now, they were stunned how busy our shopping centres were, how busy our outdoor recreation and restaurants were, and generally how busy everything was. The UK is the total opposite, completely dead shopping precincts, dead restaurants and many closing down by the day. We are not in a position like that, we are certainly coming out of this better than many others around the world, which is why I don't tend to blame the government on this, its a lazy option (not saying that was you as you haven't done that) that is spread by people for political gain.

I do however totally agree with your governmental red tape, there is so much we could do better, we can learn from countries overseas, we can simplify our overly complicated and open for rorts tax system, and most importantly, we should move away from the globally accepted practise that central banks should only measure the economy based on 1 crude measure which is CPI (even then they've used a varying degree of what they perceive CPI to be). IMO utilizing a mixture of measures would have reduced the time it has taken to get to a position of reducing interest rates. This type of thinking (its only 1 part) but is part of a system that will always boom and bust as we use crude models to manage complex economies, so setting the RBA a better package of guidelines IMO is a big thing that we should be leading on.

 

[mrposhman]

It's not 50k the numbers 23,000 Hamas soldiers killed. Yes innocent people have been killed. Any war has tragic casualties.

So to kill 23k Hamas soldiers (apparently according to the IDF - not an independent source), you think its ok to kill the same number of innocents?