British Expats
Page 3 of 5
1
2
3
4
5
Show 40 post(s) from this thread on one page

British Expats (https://britishexpats.com/forum/)
-   Australia (https://britishexpats.com/forum/australia-54/)
-   -   Labour has won (https://britishexpats.com/forum/australia-54/labour-has-won-684374/)

ex_exile Sep 7th 2010 12:16 pm
Re: Labour has won
 
Originally Posted by renth (Post 8832911)
We certainly dodged a bullet with the first wave of the GFC but my worry is that there is this perception that the stimulus worked and when the next leg of this massive global correction hits whoever is in charge, Labor or Liberal will go for more of the same just like what Obama is doing right now. Short term it might have some effect but long term it will be disastrous for the AUD and the economy.

Libs/Lab both as bad as each other when it comes to this IMO.
Labor was able to do what it did because the economic fundamentals were good, there is no denying that, there may well be another shock coming to the world economy and yet again even with the deficit we are running the Australian economy starts from a strong position.

I do accept your point about China and resources sector boosting the Australian economy but think about this, Britain rode the north sea oil bubble but did nothing with the money apart from paying to keep people unemployed; the oil runs out and the country is screwed.

We need to build something, some new industries a large sovereign wealth fund or whatever so that we don't follow the same path, racking up maximum surpluses is not necessarily the right way to plan for the time when the resource boom ends.

ex_exile Sep 7th 2010 12:19 pm
Re: Labour has won
 
1 Attachment(s)
Originally Posted by Deancm_MKII (Post 8832904)
And shit talkers are gonna talk shit...
Talk to the hand...

Deancm_MKII Sep 7th 2010 12:21 pm
Re: Labour has won
 
Originally Posted by ex_exile (Post 8832939)
Talk to the hand...
Now that's the response I would expect from a 15 year old girl. :p

renth Sep 7th 2010 12:22 pm
Re: Labour has won
 
Originally Posted by ex_exile (Post 8832934)
We need to build something, some new industries a large sovereign wealth fund or whatever so that we don't follow the same path, racking up maximum surpluses is not necessarily the right way to plan for the time when the resource boom ends.
I agree IMO a surplus is almost as bad as a deficit. It deprives taxpayers of choosing how to spend their money.

IvanM Sep 7th 2010 12:37 pm
Re: Labour has won
 
China watchers will also be aware that construction there is declining due to the government deflating a housing bubble.

Surpluses should be saved for a rainy day. Uk and USA have nothing left in the piggy bank if this is a double dipper.

Best case is steady very slow growth.
Originally Posted by renth (Post 8832944)
I agree IMO a surplus is almost as bad as a deficit. It deprives taxpayers of choosing how to spend their money.

renth Sep 7th 2010 12:45 pm
Re: Labour has won
 
Originally Posted by IvanM (Post 8832969)
Uk and USA have nothing left in the piggy bank
Uk and USA have nothing left in the piggy bank... for several generations! :ohmy:

ex_exile Sep 7th 2010 12:51 pm
Re: Labour has won
 
Originally Posted by renth (Post 8832978)
Uk and USA have nothing left in the piggy bank... for several generations! :ohmy:
The US ecomony is so bad that they stopped counting some monetary indicators; the only thing keeping it afloat is that Oil is priced in USD's if that should ever change then its all over.

ABCDiamond Sep 7th 2010 8:22 pm
Re: Labour has won
 
Originally Posted by ex_exile (Post 8832744)
You understand wrongly.

LAB+GRN+Independents have about 500,000 more votes than LIB+LNQ+NATs

Also the Nationals managed to win 7 seats with 461,000 votes whereas the Greens only managed to win 1 seat with 1,450,000 votes, do you consider this to be a fair distribution of seats to votes?
Latest official figures for preference votes are:
Australian Labor Party 5,863,546
Liberal/National Coalition 5,863,011

Only 435 in it now :lol:

However, if you look at the primary vote only, you get this for the top five parties:
  1. 4,896,715 Liberal/LNP
  2. 4,699,664 Australian Labor Party
  3. 1,454,514 The Greens
  4. 462,085 The Nationals
  5. 278,633 Family First
They think the final figures will be counted by the end of next week... :blink:

The REAL winners are the residents of New England and Lyne, with a large chunk of money being spent in those electorates.

Hope it makes up for the betrayal that those locals are feeling, http://www.theaustralian.com.au/nati...-1225915565052

themerlin Sep 7th 2010 8:54 pm
Re: Labour has won
 
So the side that didn't get the most votes won :confused:

So go and invade some more countries to spread "Democracy"

ABCDiamond Sep 7th 2010 9:11 pm
Re: Labour has won
 
Originally Posted by themerlin (Post 8833474)
So the side that didn't get the most votes won
This has happened twice before, in recent years, once by ALP, once by Libs, but never such a close call.

fish.01 Sep 7th 2010 9:14 pm
Re: Labour has won
 
Originally Posted by ABCDiamond (Post 8833439)
Latest official figures for preference votes are:
Australian Labor Party 5,863,546
Liberal/National Coalition 5,863,011

Only 435 in it now :lol:

However, if you look at the primary vote only, you get this for the top five parties:
  1. 4,896,715 Liberal/LNP
  2. 4,699,664 Australian Labor Party
  3. 1,454,514 The Greens
  4. 462,085 The Nationals
  5. 278,633 Family First
They think the final figures will be counted by the end of next week... :blink:

The REAL winners are the residents of New England and Lyne, with a large chunk of money being spent in those electorates.

Hope it makes up for the betrayal that those locals are feeling, http://www.theaustralian.com.au/nati...-1225915565052
What if you split the Nationals and the Liberals apart in the queensland LNP? Most brisbane seats traditionally went nats rather than libs - either way the pure liberal party vote is lower than labor. :thumbsup:

ABCDiamond Sep 7th 2010 10:07 pm
Re: Labour has won
 
Originally Posted by fish.01 (Post 8833495)
What if you split the Nationals and the Liberals apart in the queensland LNP? Most brisbane seats traditionally went nats rather than libs - either way the pure liberal party vote is lower than labor. :thumbsup:
You can't split them, as they are a single political party now.

ex_exile Sep 7th 2010 10:20 pm
Re: Labour has won
 
Originally Posted by ABCDiamond (Post 8833489)
This has happened twice before, in recent years, once by ALP, once by Libs, but never such a close call.
Ok, throwing it out there how much of a vote differential is needed before we can say who "won" the vote, its basically a 50-50 tie IMHO anything below 50.1-49.9 is still a tie.

ABCDiamond Sep 7th 2010 10:36 pm
Re: Labour has won
 
Originally Posted by ex_exile (Post 8833608)
Ok, throwing it out there how much of a vote differential is needed before we can say who "won" the vote, its basically a 50-50 tie IMHO anything below 50.1-49.9 is still a tie.
How about 51% to 49% ? is that a tie, or a loser wins situation ?

1998 Election
50.98 % – Australian Labor Party 5,630,409
49.02 % – Liberal/Nationals 5,413,431
However, the numbers of Seats gained by each party were:
79 – Liberal National Party
67 – Australian Labor Party
3 – Independents
A similar result, but a Labor win with fewer votes, also happened in another recent election.

fish.01 Sep 8th 2010 12:26 am
Re: Labour has won
 
Originally Posted by ABCDiamond (Post 8833577)
You can't split them, as they are a single political party now.
Ok. Add their votes to the nationals total then rather than the liberals as more votes would be nationals votes ;) didn't they win 20 of the seats...libs wouldn't have a chance without them :)


All times are GMT -12. The time now is 11:00 pm.
Page 3 of 5
1
2
3
4
5
Show 40 post(s) from this thread on one page

Powered by vBulletin: ©2000 - 2026, Jelsoft Enterprises Ltd.
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.