Why did I say to deserve that little rant?
If you read what I have actually written instead of what you think I've written you might just glean the fact that I hold the greatest disdain for ALL politicians of whatever bent...I simply hold MORE disdain for the left.
I have stated above that we are in this bubble because of policy settings put in place by the liberals but that doesn't make Krudds claims of fiscal enlightenment any more factual.
He was handed the budget surplus last November by the liberals. You remember them, they were in power for the preceding 10 years.
If he was half as smart as he wants people like you to believe he would be leaving interest rates where they were recognising that the long term economic reality beats the short term pain inflicted on people who have been stupid.
Instead he comes up with a plan to entice more people into real estate?
The economy WILL contract, the housing bubble WILL burst and people WILL lose their houses. Whether this is a relatively short term (say two years) recession or something more akin to that the Japanese experienced through the 90s and until recently depends on what the govt does now. The Japanese interest rates went to zero and that didn't stop an 80% crash in real estate...why will it now?
So far they, and the US/UK/EU govts are repeating the policy mistakes of 1930.
If the Liberals were still in power and behaving the same way I would be equally as scathing of them...as it stands they must be breathing a HUGE sigh of relief that they lost last November...Costello especially...why do YOU think the little !!!! is so adamant that he is leaving politics?
Last edited by Chimbu chuckles; 16th October 2008 at 09:47.