Petals

The pain will be felt if lib nat get in and start saving the money, jobs will disappear and so will those investment properties and housing prices will fall and those that voted for them will wonder why

lapin_windstar

Joyce was remarkably bad-tempered and red-faced. Is he a drinker?

Over on the other sides, James O'Loghlin was well out of his depth and some of the Labor Party panelists were incredibly petulent. I thought the infographics on all channels were remarkably confusing and poor. SBS's was a total dog's dinner - so many layers of graphics! I think they may have all been trying to stream the incoming feed from AEC but it just didn't work out that well.

renth

It's going to happen whoever gets in and anyway cheaper houses are great news for everyone apart from investors and the ones still in the game are dummies if they can't see that their chosen asset class is in a huge bubble and deserve to take a haircut IMO.

easty1976

Spot on post mate! And this comes from a person who's income for the last year and that of my colleagues is from the stimulus money pumped in to infastructure. You see although short term its created and sustained employment, particularly throughout construction, we will all have to pay for it at some point down the line.

ProudVIC

Well, each to their own.

Political discussions will always be heated and opinions will never change so I probably shouldn't fuel the fire.

Worth noting though that I only ever vote based on the policies and how I see it affecting my life. Voting is a very personal thing for that very reason and it will always polarise the community. It is a pity that it always ends up causing so much animosity towards people. It can even break up relationships.

Anyway I'll leave the discussion to others.

lapin_windstar

Just worked out who it was - Mark Arbib. He was huffing and puffing with indignation but I couldn't see whether he actually stamped his foot at any moment.

Deancm_MKII

As long as the more successful and harder working of the population pay for it so that the dole bludgers and tree-huggers can continue to do what they usually do; bludge and hug trees.

Broad Shoulders

Arbib and Roxon were very well behaved, even though Costello tried to bait them a few times. Costello also came out of it looking pretty good, but then that would be thanks to the Joyce and Krogan acting like petulant twats.

living_legend

I'm having the same thought as you regarding a Labour government and current migration policies, If Rudd comes he might turn everything upside down and not only that it'll cost us lot of valuable TIME!!!

furbacchione

It's been my take that what saved Australia, or a significant factor, was they had there own national financial crisis with the likes of HIH and a few others that collapsed a decade or so ago. It revealed some very serious cracks in their financial regulations that were quickly fixed. The tighter regulations put them in a position to be more resistant to the eventual GFC without actually knowing it was coming. If those collapses hadn't happened australia would have been in a right state when the GFC hit.

If I'm not mistaken the theory of throwing money at the crisis was actually an american idea. It was from my understanding first tried in New Orleans where they were able to actually track the sudden infusion of money as it filtered down to the masses and observe its effects. So when the GFC hit they were in a prime spot to try it on a global basis and there were few if any that opposed it. Problem is no one knows how it's all going to be paid off. We have some very interesting times ahead.

ABCDiamond

Fortunately the country had a massive sum available to spend, so the debt that is left to be recouped is not as high as it would have been otherwise.

I see it is interesting how the credit for that remaining small debt position is often attributed to the Labor government.

ABCDiamond

Is that what happened the last time we had a Liberal government, from 1996 to 2007 ?

Unemployment rate Full time persons:
8.6% May 1996
5.5% May 2010

Numbers of Investment properties rose, or at least most people complain they did.

Housing prices rose, or at least most people complain they did.

However, they did also save money and build up a fund that secured funds for the stimulus give-away.

Must agree though, if everything did happen the opposite way this time, most people would wonder why

living_legend

Dear seniors,

I have no idea about the political situation in Ausie or which government is best...All I feel is us, offshore skill migrants are so stuck due to this hung parliament or the so called current situation, We were biting nails for SMPs to come at the end of the election. Now everything seems messed up and not really sure when government will resume from the care taker mode, which means from July 31st we are waiting immensely. I'm expecting a bright silver line through dark clouds!

lapin_windstar

I thought Roxon was OK but Arbib just came across like a sweaty shiny-suited used car salesman. NSW Labor Party is just rotten to the core.

OzExpat

Charming fellow aren't you?

I guess you're one of those who looks at all the most successful and skilled Australians moving overseas and thinks "Good riddance!"