Trefoil said:
Um, that's rubbish. Arbitrary rubbish. Over his term, Hawke actually managed to decrease the deficit handed to him by the Liberal Fraser who concealed it during the election...
Hawke did inherit a deficit, but I seem to remember the government
still being in
deficit when he was ousted from office. And how did Liberal Fraser get into deficit in the first place? Oh that's right, good old Labor Gough Whitlam. Spend, spend, spend!
Don't try and change history, or I'll have to start calling you Stalin.
Trefoil said:
No, what Turnbull is doing is trying to undermine confidence in the government to make himself look better, which in turn undermines confidence in the economy. That's not the marking of a good economic manager. That's the marking of somebody who puts his job ahead of the health of the country.
Oh, and Kevin Rudd never did that in opposition? Oh and Wayne Swan hasn't done that while in office! Oh and Stephen Smith never did that while on overseas trips.
Your ideal Australia is one which never questions the decisions of a Labor government. Surprise, surprise - an opposition criticising the decisions of the government! Shock, horror.
I think, the sign of a shocking economic manager is a person who
is in government undermining confidence in the economy. Enter Wayne Swan.
Trefoil said:
... Rudd already gave tax cuts in the middle of the year. More now would be unwise as it would significantly increase the deficit without providing the same level of impact as stimulus spending.
Well now it would. We're in agreement. On this same notion, any government spending would increase the deficit. What's your argument. No one is suggesting Labor's spending and more... they're suggesting a different spending scheme to replace the Labor one. They haven't spent the money yet.
Trefoil said:
Pardon me? The state governments are exactly where the money needs to go to promote infrastructure spending which creates jobs. And I'd hardly call education or health spending, of which a significant portion has been, 'wasted'.
You've misunderstood me. It's not wasted because it's spent on eduation and health. It's wasted, because it is not spent transparently and Labor state government's objectives are never achieved... in NSW for example, many many transport projects have gone bust, requiring millions upon millions for no results.
The Labor State governments are money vaccuums. They suck it in, and give nothing back but inefficiency and corruption.
Trefoil said:
Turnbull mostly wants all the stimulus to be in the form of tax cuts and one-off handouts instead of funding packages and infrastructure stimulus. That's economic suicide, not least of all because people often save in tough times instead of spending to promote growth, but also because it has no sustained long-term (e.g. a year from now) economic benefits.
Infrastructure stimulus works, if the money dedicated to it is used effectively. The question is, how effective will Rudd's stimulus packages be?