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Australia’s Economy Surges Ahead!

June 6, 2012

The nation’s economy is surging ahead with new GDP figures surpassing expectations and confirming that the Australian economy is now growing a rate not seen since before the GFC.

ABS figures show the economy grew by a solid 1.3% in the quarter – faster than even the most optimistic of market forecasts of about 0.6%, and on an annual basis, by 4.3% in the 12 months to March, again much faster than 3.3% market forecasts.

As Bernard Keane at Crikey notes, the figures are well above trend:

“Remember, this is historical data — it’s for the first three months to the end of March. It covers a period when retail sales grew better than many forecasts had expected, but came despite a surge in the current account deficit that cut GDP growth by 0.5% (it was a negative 0.3% in the December quarter). “

“It also came despite the weakening in commodity prices (such as iron ore), the sharp fall in mining company profits in the quarter and weaker demand in some sectors of the domestic economy. The annual rate is well above the trend rate for the economy of 3.25%. Trend GDP growth in the year to March was 3.6%.”

The ABS also revised its figures for all of 2011 from 2.3% to 2.5%. The December quarter figure of 0.4% was lifted to 0.6% growth and September was boosted to 1% from the revised 0.8% in the December accounts. The June quarter remained unchanged at 1.4%. The March, 2011 quarter which saw the impact of the Queensland floods, was changed to a negative 0.5%, compared to the previous 0.9% and the original minus 1.2%.

The GDP figures effectively trash the claims of economic doomsayers most notably Joe Hockey and Tony Abbott who insist that the economy is struggling.

Joe Hockey fronted to the media in response to the figures declaring that while the figures couldn’t be ignored, it was the sign of a “bad government.”  It was an embarrassing attempt to portray black as white.

As Katharine Murphy at Fairfax notes, good economic news is just that. Good.

Nevertheless, poor old Joe was “forced to flick the default personality switch from ”generally avuncular” to ”prophet of doom.”

“Hockey flailed at a loss, sinking deeper the more he spun in his own rhetorical quicksand.”

According to Joe, “It was just The Government that was Bad. A shambles actually. And our success proved it — Australia could be, or perhaps it was already, paradise lost, or in danger of being lost, or … something.”

“Good economic data evidenced, somehow, the deficiency and incompetence of the Gillard Government. ”Imagine how well our country could do if we had a good government,” Mr Hockey blustered, truly heroic in his quest for badness and sadness.”

And in the face of these remarkable growth figures Joe somehow concluded that Wayne Swan was the ”scariest thing in Australia.”

Oh how we laughed and laughed…

 

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104 Comments leave one →
  1. Neil of Sydney permalink
    June 6, 2012 5:42 pm

    Well then how come we cannot balance the budget?? Commodity prices are at record levels and our terms of trade are excellent.

    But the Goose has just produced a $44B deficit. What would it be if we had a recession??

    And I notice it was the best GDP results since September 2007. So in 2007 we had better economic numbers, 4.3% unemployment and no Federal govt debt and Howard still lost the election.

  2. el gordo permalink
    June 6, 2012 5:51 pm

    Damn good news….Joe’s a joker and a poorly trained politician.

  3. TB Queensland permalink
    June 6, 2012 6:15 pm

    And I notice it was the best GDP results since September 2007. So in 2007 we had better economic numbers, 4.3% unemployment and no Federal govt debt and Howard still lost the election.

    Simple is as simple does … do you live next door to, James?

    I’m tired of the comparison between us and the rest of the world. James

    The world continually changes moves on and the last time I looked we were still part of the “global economy” … maybe we should compare ourselves to the Martian economy or Venusian … 🙄

    One of the issues with Australians, is that while many of us have the opportunity to travel and/or live in other countries, so many don’t … and the latter tend to comment from a safe and insular world of their own …

    … it””””””””””””””s a bit like comparing the 1960’s with the 1990’s — what mobile phones?

  4. Neil of Sydney permalink
    June 6, 2012 6:34 pm

    Look at this lying piece of filth. Wayne Swan condemned the Coalition because from 2004-2007 they wasted the mining boom by either spending the money or handing it back as tax cuts. He does not mention that Costello saved $50B from 2004-2007.

    So what is Swan now bragging about???

    http://www.news.com.au/breaking-news/wayne-swan-defends-mining-boom-spread/story-e6frfku0-1226386583727

    The federal budget has set aside the proceeds of the minerals resource rent tax (MRRT) to fund family payments, a bonus for school-aged children and small business tax breaks.

    How can he get away with such double standards?? Should we not be paying back some debt with the MRRT rather than spending it on middle class welfare??

  5. TB Queensland permalink
    June 6, 2012 6:37 pm

    SOME BREAKING NEWS ON CHANELL SEVEN RE: THOMSON — PROSTITUTE RECANTS >>>

  6. TB Queensland permalink
    June 6, 2012 6:38 pm

    …. rather than spending it on middle class welfare?? WTF!

    LOL!

  7. June 6, 2012 7:20 pm

    I shoulda come to this thread first!

    Joe Dumbfuck has accentuated the point I was making on the zombie thread for me.

    Y’all squirters doth squirt too much, too loudly & without balance.

  8. Tom R permalink
    June 6, 2012 7:28 pm

    Australia’s Economy Surges Ahead!

    Courtesy of a settlement from ACA

  9. el gordo permalink
    June 6, 2012 7:38 pm

    A follow up on Thomson….

    ‘When the Nine Network asked for her bank account details, she withdrew her comments and declined to sign a contract.

    ‘‘I retracted everything that I said. I emailed them, I texted them,’’ she said.

    ‘‘We spoke and he said, ‘I wish you had kept your end of the bargain’ and I said, ‘I’m not signing any contract … because I’m totally unsure now’.

    ‘‘’I’m no longer 100 per cent sure and I’m not a credible witness.’’’

    Read more: http://www.smh.com.au/opinion/political-news/mistaken-identity-prostitute-unsure-if-she-slept-with-thomson-20120606-1zwed.html#ixzz1x0KXek6h

  10. Tony permalink
    June 6, 2012 7:41 pm

    It looks like most of the overall growth came from Western Australia. Which industry might have been responsible for that?

  11. June 6, 2012 7:44 pm

    Would it be the industry that declared its very viability was under threat with the prospect of a mining tax?

    Or was that (fetching nappy) just reckless fearmongering…..?

  12. Tony permalink
    June 6, 2012 7:48 pm

    ‘Would it be the industry that declared its very viability was under threat with the prospect of a mining tax?’

    Correct. And the MRRT is yet to be introduced. 😉

  13. June 6, 2012 7:53 pm

    Yes Tony but the mere prospect of the MRRT was meant to see the major miners ship all their interests offshore. Clearly that hasn’t happened and isn’t likely to happen either….

  14. June 6, 2012 8:00 pm

    What reb said!

    The clamour is about having a small slice of their gouge taken away from them.

    Really, they’d still be on too sweet a deal to bail out. It’s reactionary dummy spitting.

  15. Tony permalink
    June 6, 2012 8:02 pm

    No, there will always be mining here.

    But it’s a global market, and the level of investment will always ebb and flow, affected by such things as commodity prices, labor costs, and taxes and royalties.

  16. June 6, 2012 8:07 pm

    It will also be affected by the costs of abandoning existing infrastructure here and establishing new operations offshore.

    Clearly the fact that the major miners haven’t upped stumps and left confirms that their exiting operations in Australia still turn a tidy profit, even with the prospect of the mining tax, to deliver an atractive return to shareholders, and all their initial bleatings about how the mining tax would destroy the industry was just bullshit.

  17. June 6, 2012 8:09 pm

    I think it’s simple really.

    The shit they want is under our soil.

    They can’t get at the shit under our soil by going elsewhere.

    Even if they do go elsewhere, they’re still gonna want the shit under our soil in the future…when it will be less abundant globally & probably at more of a premium here.

    They are sqawking out of having had a relatively free reign for too long.

    * fuck them

  18. Tony permalink
    June 6, 2012 8:17 pm

    ‘The shit they want is under our soil.

    They can’t get at the shit under our soil by going elsewhere.’

    True on both counts. But this isn’t the only place with shit under the soil. Ours will always be here, but multinationals – like BHOB and Rio Tinto – can allocate their resources elsewhere for the time being if it suits them. The shit will still be under Australia’s soil, and they can dig it up when the conditions suit them. Not when it suits us.

  19. Tony permalink
    June 6, 2012 8:18 pm

    *BHPB

  20. June 6, 2012 8:23 pm

    I think we have the upper hand.

    If they don’t want it, someone else will.

    Resources are resources.

    Imho, they’ve been getting away with it too easily up to this point, given that such things are indeed finite.

  21. June 6, 2012 8:24 pm

    “peak dirt?”

    Best not tell Tosy….

  22. June 6, 2012 8:25 pm

    Man, I gotta say, those ads promoting the government’s middle/lower class bribery are really fucking me off at the moment.

  23. June 6, 2012 8:26 pm

    “peak dirt?”

    😆

  24. el gordo permalink
    June 6, 2012 8:31 pm

    ‘If they don’t want it, someone else will.’

    But isn’t China our biggest customer? They have a five year plan in place and we are their chosen quarry. The multinationals are naturally a part of all this…try and keep them in perspective.

  25. TB Queensland permalink
    June 6, 2012 8:39 pm

    What, HD said and what, sreb said, and what HD said and waht sreb said and ToSY wavering and what HD said and what HD said … WTF did egg say again?

    Now why would I get so frustrated … everything comes to pass …

  26. Neil of Sydney permalink
    June 6, 2012 8:49 pm

    “Imho, they’ve been getting away with it too easily up to this point, given that such things are indeed finite.”

    But if the ALP is going to use the money from the MRRT for tax cuts and middle class welfare what is the point???

    I remember clearly before the 2007 election, Swan and people like Adrian of Nowra saying that Costello was wasting the boom. There was reckless spending by the Howard govt causing the inflation dragon to be released. In fact Swans first budget was supposed to slay the inflation dragon caused by reckless spending.

    Only a fool would give the current govt any more money. It will just go into general revenue to be spent on useless things.

  27. June 6, 2012 8:56 pm

    “There was reckless spending by the Howard govt”

    I don’t recall any “reckless spending” by the Howard govt.

    In fact I don’t recall any spending by the Howard govt at all..

    With the exception of defence I suppose…

    That’s the only reason Tip and the Rodent managed to deliver a surplus, they simply didn’t spend any money on things like roads, rail, infrastructure, health, education and other services, you know; the sorts of things a government’s supposed to invest in…

    And Noddy concludes ergo they were economic geniuses… 🙄

  28. TB Queensland permalink
    June 6, 2012 9:00 pm

    I remember clearly before the 2007 election …

    I’d challenge you remembering anything clearly, Noddy … 🙄

  29. Neil of Sydney permalink
    June 6, 2012 9:05 pm

    You do not recall any reckless spending?? Well that was the phrase invented by Kevin Rudd to attack the Coalition before the 2007 election

    http://www.abc.net.au/lateline/content/2007/s2091167.htm

    “Rudd warns of Howard’s ‘reckless spending'”

    And your statement that Howard did not spend on infrastructure is a lie. It is just another myth invented by Labor supporters so they do not have to vote for the better candidate.

  30. TB Queensland permalink
    June 6, 2012 9:15 pm

    Did you hear the one about ………………

  31. TB Queensland permalink
    June 6, 2012 9:15 pm

    Mmmmmm … where have all the flowers gone?

  32. Bacchus permalink
    June 6, 2012 9:18 pm

  33. el gordo permalink
    June 6, 2012 9:18 pm

    The rodent built the Darwin to Alice railway and then sold it to a multinational…at a loss.

  34. June 6, 2012 9:22 pm

    “Only a fool would give the current govt any more money. It will just go into general revenue to be spent on useless things.”

    You may be right about that, but I still think the mining industry has been getting away with daylight robbery.

  35. Neil of Sydney permalink
    June 6, 2012 9:26 pm

    “I don’t recall any “reckless spending” by the Howard govt.”

    I cannot believe you said that. It was one of Labors main attacks against the Howard govt during the 2007 election campaign. The inflation dragon had been released by Howards reckless spending.

  36. June 6, 2012 9:31 pm

    I remember the pork barreling!

    I imagine we’ll be seeing a bit of futile pork barreling from the ALP in the next 12 months too. I daresay they probably wrongly believe it may stem the bleeding at election time.

    In fact, I see those ads (which are FUCKING ME OFF) as a bit of pre-emptive pork barreling underway right now! grrrrr

  37. JAWS permalink
    June 6, 2012 10:25 pm

    Ok let me clarify something about the big miners.
    It’s pretty simple actually.

    They don’t pay the fucking MRRT.

    Why ?

    Because Gillard has ,to put it very very very simply for you non accountants ,allowed them to revalue UPWARDS the book value of their existing infrastructure no matter how old it is.
    So a concrete dock at port headland owned by bhpb built on 1962 can now be depreciated again at 2012 values( as if it was built this year).yes they get someone to give them a quote in today’s values for what already is there and they start to depreciate whatever it is all over again

    So now they have massive depreciation rates to offset against all their MRRT. That is why the junior miners are upset as they do not get the comparative advantage and can’t compete with price.

    Is that too hard to understand ?

  38. JAWS permalink
    June 6, 2012 10:36 pm

    Why do I feel as though I live in “A Depressed Society But Someone Says I’m In a Great Economy”

  39. JAWS permalink
    June 6, 2012 10:39 pm

    By the way.

    Why the fuck are these figures withheld from The RBA in making rates decisions.
    Why have them working in the dark.

    Anyone ?

  40. JAWS permalink
    June 6, 2012 10:46 pm

    #######Breaking News######

    Channel 9 reckon Channel 7 have the
    wrong whore

  41. el gordo permalink
    June 6, 2012 10:48 pm

    Greek tourism has collapsed…temporarily.

  42. Neil of Sydney permalink
    June 6, 2012 10:55 pm

    “Channel 9 reckon Channel 7 have the
    wrong whore”

    I have not made many comments about the Thomson saga. But this saying came into my mind when I saw the denial on the TV

    “never believe anything until it has been officially denied”

  43. JAWS permalink
    June 6, 2012 11:01 pm

    Time to take advantage of their poverty and go on a cut price holiday el Gordo

  44. armchair opinionator permalink
    June 7, 2012 1:36 am

    here’s one for neil

    Cop told ‘make AWB probe go away’

    …THE man who led the Australian Federal Police investigation into the AWB scandal has alleged he was offered a promotion to shut down the inquiry.
    In an explosive statement lodged with the Federal Court, the former AFP agent Ross Fusca said another senior officer told him that if he could ”make the oil-for-food taskforce go away, he would be appointed as next co-ordinator”.
    Mr Fusca, a 30-year AFP veteran, has declared the inquiry into the wheat marketing body was never given enough resources and was shut down prematurely. And he has alleged the police’s AWB taskforce – which ran from late 2006 to August 2009 – had a high-level political informant who indicated that federal government officials were aware of AWB’s payment of kickbacks…

    Read more: http://www.smh.com.au/national/cop-told-make-awb-probe-go-away-20120606-1zwqk.html#ixzz1x1mjZjmK

  45. el gordo permalink
    June 7, 2012 7:17 am

    ‘Time to take advantage of their poverty and go on a cut price holiday el Gordo’

    The time is not opportune, when the Dracma is back and the riots in the streets subside the tourists should (theoretically) return, until then its a potential powder keg.

  46. el gordo permalink
    June 7, 2012 7:42 am

    “They are proof that something special is happening in our country,” Mr Swan said.

    ‘But retailers and business groups expressed horror at the Treasurer’s claim that it was a “great day for Australia”, saying few people outside the mining sector were likely to share his enthusiasm – particularly with the carbon tax due to start within four weeks.’

    From the Daily Terror

  47. June 7, 2012 8:39 am

    Now if we can just get rid of all the ‘we’ll all be rooned!’ Hanrahan’s from amongst us and start looking positively at life, then maybe . . . . . . . . . .We can do remarkable things!

  48. Tom R permalink
    June 7, 2012 9:01 am

    lol, hardly norman is still complaining. How surprisement. And ltdnews is happy to play along, facts be damned.

    One of the most important drivers of Australia’s above-trend economic growth over the last year has been household consumption. In seasonally-adjusted real terms, household consumption rose by a stonking 1.6% in the March quarter alone, and by 4.2% on a year-on-year basis. Household consumption is now running significantly above the 3.6% per annum long-term average since 1959.

    http://christopherjoye.blogspot.com.au/2012/06/australian-economy-grew-at-way-above.html

  49. Tom R permalink
    June 7, 2012 9:02 am

    This has gotta hurt

    Wayne Swan, you were right, too. Australia is on course to achieve a budget surplus in 2012-13, as your May budget predicted. And while the economic growth numbers are not a complete game-changer for the markets, they certainly move the goal posts. The next rate cut is further away than previously thought.

    Read more: http://www.theage.com.au/business/rba-and-swan-have-got-it-right-20120606-1zwmh.html#ixzz1x3ZlCHY7

  50. Neil of Sydney permalink
    June 7, 2012 9:03 am

    Now if we can just get rid of all the ‘we’ll all be rooned!’

    You must have been in a coma during the 2007 election campaign. Reckless spending, inflation dragon, alleged pork barrelling, rising interest rates, work choices etc.

    The economic numbers during the 2007 election campaign were the best for a generation but Labor still managed to generate a fear campaign.

  51. JAWS permalink
    June 7, 2012 10:07 am

    From Comsec this morning……

    “Steve Garner, MD of manufacturer Keppel Prince, says demand for wind energy turbines across Australia has declined dramatically. The trend has left the company no option but to declare 50 voluntary and forced redundancies out of a total workforce of 500 at Portland in Victoria. Keppel Prince has no further contracts to supply wind farms on its books, with Garner blaming the Federal Government for wasting renewable energy certificates on solar panel installations on domestic rooftops. New renewable energy legislation is due later in 2012”

    I bet those workers have a Wayne Swan “spring in their step” this morning.

  52. el gordo permalink
    June 7, 2012 10:24 am

    ‘The next rate cut is further away than previously thought.’

    It’s taken the pundits completely by surprise. So where does that leave the housing bubble?

  53. TB Queensland permalink
    June 7, 2012 10:50 am

    I bet those workers have a Wayne Swan “spring in their step” this morning.

    Businesses survive, fail or succeed DESPITE government handouts or, for that matter government intervention … why people think governments have so much impact is beyond me … good business doesn’t rely on government handouts … it simply takes advantage of them …

  54. Splatterbottom permalink
    June 7, 2012 11:08 am

    …bad business relies on government handouts…it simply takes advantage of them… pisses them against the wall and then bleats for more.

  55. JAWS permalink
    June 7, 2012 11:12 am

    But…………but……………..but…………………but

    Aren’t Wind Energy Turbines supposed to be “Green Jobs” ?

  56. Splatterbottom permalink
    June 7, 2012 11:21 am

    And weren’t the desal plants a wonderful investment. All investment should be guided by the government for the common good of the Australian people. I’ve always wanted to work on a unicorn farm.

  57. el gordo permalink
    June 7, 2012 11:32 am

    Desal plants at six billion a pop is a good investment for an unknown future, if you believe Flummery and gorebull worming.

    Waste!

  58. Splatterbottom permalink
    June 7, 2012 11:41 am

    The unions did well out of desal plants.

  59. June 7, 2012 4:32 pm

    some essential reading for the right wing nut jobs…

    http://www.crikey.com.au/2012/06/07/the-numbers-are-the-numbers-joe-versus-the-economy/

  60. Tom of Melbourne permalink
    June 7, 2012 4:44 pm

    Economic strength is now a “hygiene item”. The public simply expects economic success, Howard discovered this.

    Swan won’t save the government just because China continues to grow strongly.

  61. Neil of Sydney permalink
    June 7, 2012 5:09 pm

    If the economy is going so well how come Swan is spending more than he is getting. Record commodity prices, low unemployment, record terms of trade and a whopping budget deficit.

    Something doesn’t make sense.

  62. June 7, 2012 5:17 pm

    If the economy is going so strong, how come you are still fkn whinging??

  63. June 7, 2012 5:37 pm

    If the economy is going so strong, how come you are still fkn whinging??

    He’s had his pocket money reduced.

  64. June 7, 2012 5:38 pm

    LOL @ Migs… 🙂

  65. TB Queensland permalink
    June 7, 2012 5:48 pm

    Something doesn’t make sense.

    And we all know what that is …. Noddy … 🙄

  66. JAWS permalink
    June 7, 2012 6:22 pm

    So Bernard Keane throws in this line

    “…….Hockey was (inexplicably) joined at that press conference by Abbott, which reduced the average economic IQ of the room by 20 points”

    And you think he should be treated as unbiased ?

    GMAFB

    Have a look at the actual state by state numbers. They’ll show you a picture of ill health in SA, Tas, NSW and Victoria.

    Look at NT with a growth rate of 17% which is basically almost all due to the construction of the Sunrise Gasfield.

    And if you live in SA, Tas, NSW or Victoria go tell your local shopkeeper he should be grateful since he has never had it so good. Chances are he’ll chase you out of the shop with a baseball bat.

    Swan is kidding himself if he thinks he’ll get a surplus. It won’t happen in his political lifetime.

    And I’d prefer to rely on the RBA than any of the garbage emanating from Swan’s mouth. To say that the RBA reduction in interest rates was due to the strength of the economy is just an insult to the collective intelligence of the RBA.

    It sems everyone except Swan knows that you reduce rates to kickstart a flatlining economy and you raise them to put the brakes on.

    Swan is a f***ing embarassment as is that shit bag Gillard

  67. June 7, 2012 6:34 pm

    So Jaws throws in this line, and we should think that he is unbiased?

    “Swan is a f***ing embarassment as is that shit bag Gillard”

  68. TB Queensland permalink
    June 7, 2012 6:53 pm

    Hear! Hear! sreb …

    … don’t they come out of the woodwork … when things are looking BAD for their BORN TO RULE the alternative government!

    We do live in COUNTRY … or at least we should … and what’s with the “local shopkeeper” shit!

    Like all LibNat supporters – back to the 50’s …

    …. “local shop” in, 2012, means a … 711 (a National franchise company) … there are two within three minutes drive of me … Woolies is five minutes and I can walk to Coles!

    Life is so hard under an ALP government! GMAFB!

  69. TB Queensland permalink
    June 7, 2012 6:57 pm

    And from Business Spectator

    Swan’s beautiful numbers check out

    http://www.businessspectator.com.au/bs.nsf/Article/GDP-Swan-treasurer-Labor-economy-financial-crisis-pd20120607-UZUFP?opendocument&src=idp&emcontent_asx_financial-markets&utm_source=exact&utm_medium=email&utm_content=48689&utm_campaign=kgb&modapt=commentary

    GLASS HALF EMPTY OR GLASS HALF FULL!

    Perhaps the OPPOSITION”S DOOM AND GLOOM media supported hype is having more effect on the economy that good governance!

  70. June 7, 2012 7:27 pm

    TB, have you noticed how the usual right-wing ding bat brigade are unusually quiet/absent this evening….???

    Just sayin’ )

    Awaiting “instructions” from HQ no doubt…………..

    Oh how we laughed..

    And laughed…!

    And laughed….!!!!!!!

  71. TB Queensland permalink
    June 7, 2012 7:33 pm

    Oh how we laughed..

    And laughed…!

    And laughed….!!!!!!!

    and giggled

    and chuckled

    and laughed

    and chuckled

    and layghed

    and …

    Hang on that means there’s no-one to fkn machine gun! Are they all deceased! Debunked! Defunked! Demobbed!

    That prostitute must have really fucked ’em up!

    Nine are funny … hahahah .. you got the wrong one … seven’s response … 😯

  72. June 7, 2012 7:40 pm

    They’re all at home beating their meat to the exciting Royal Jubilee.

  73. TB Queensland permalink
    June 7, 2012 7:42 pm

    layghed another new word!

    Loosely translated from the Norman derivitive (that’s me) “taking the piss out of the opposition” … original meaning ‘decimating the fucking enemy” (apologies but my ancestors were a rough lot …they actually invaded the UK in 1066 … not many armies did that …)

  74. June 7, 2012 7:47 pm

    They’re having a circle jerk at Rightard HQ, brainstorming spin to make Mitt Romney look easily digestible by evangelical christianss who can’t read the Golden Book either.

  75. TB Queensland permalink
    June 7, 2012 7:50 pm

    They’re all at home beating their meat to the exciting Royal Jubilee.

    Arrrrrrrrghhghghhhghghghghghghghghg !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    WASH YOUR MOUF OUT, TOILLETTE!

    The Eureka Flag will be flying proud and free on the 11th! See flag flying symbolism has meaning sometimes!

    Me, Mum’s, birthday today … she departed last year (89) … she was a big fan of QEII … The Minister and I reckon she looked and acted like the Ceo of The Firm … check out Elizabeth II and her clone brought me up … the most influential thing she ingrained in me —- lying is wors than stealing … (I reckon they are equally bad – but it stuck!) …

  76. el gordo permalink
    June 7, 2012 7:51 pm

    ‘Hang on that means there’s no-one to fkn machine gun! ‘

    I’m manning the gun, but I want to make it clear that I’m not a regular.

  77. June 7, 2012 8:03 pm

    It’s my mum’s birthday a couple of days after the esteemed occasion, TB.

    We remember the date due to it’s coinciding with the queen’s b’day.

    I get the flying of Eureka. Me, I’d be intending the same sentiment by choosing to incinerate a Union Jack tablecloth.

    All of those jingotards frantically waving it on TV this week make me fucken sick!

  78. Neil of Sydney permalink
    June 7, 2012 8:14 pm

    “Life is so hard under an ALP government! GMAFB!”

    Labor is lucky that they were handed unemployment at 4.3%. Currently it is 5.1%. When Labor was in power from 1983-1996 unemployment never got close to 5.1%. It averaged 8% from 1983-96 and was in double digits for 30 months during Keatings recession we did not have to have.

    If it is possible for a Govt to do something about unemployment, and it may not be possible, Labor proved from 1983-1996 that they have no policies to reduce unemployment. Everything they do increases business costs so people put off employing people,

  79. June 7, 2012 8:16 pm

    Premium ignorance of historical context there, Neil…as per fkn usual. 🙄

  80. Neil of Sydney permalink
    June 7, 2012 8:18 pm

    Please explain??

  81. June 7, 2012 8:39 pm

    No Pauline, I won’t be doing that.

  82. Neil of Sydney permalink
    June 7, 2012 8:50 pm

    Well on another topic Reb said that Howard did not spend on infrastructure, hence that is why he was able to run surplus budgets. It is just not true.

    http://www.abc.net.au/pm/content/2004/s1126584.htm

    “Federal Government announces Auslink transport plan
    PM – Monday, 7 June , 2004 18:30:00
    Reporter: Alexandra Kirk
    MARK COLVIN: The Federal Government calls it nation building, the Opposition says it’s pork-barrelling.

    Today the Acting Prime Minister, John Anderson, outlined all the road and rail projects the Government intends to fund over the next five years to meet Australia’s long-term transport challenges.

    Labor says the $12-billion Auslink land transport investment plan is a massive pork-barrelling exercise … says it’s aimed at maximising the Coalition’s re-election chances.

    The Government says that’s nonsense, and insists it’s a quality national infrastructure proposal – the equivalent of two Snowy Mountains Schemes.”

  83. JAWS permalink
    June 7, 2012 10:09 pm

    Well whilst you lot have been imitating the stupid fucking giggle of your lying shit of a leader I have been out at a Salvos fundraising. Oh sorry to mention religioous organisations amongst you bunch that just fucking complain about religions but sit on your fucking arses all day and night not sparing anytime to help.

    I don’t give a flying fuck whether TB believes what shopkeepers keep saying if you ask about how business is and I certainly don’t give a flying fuck about whether you lot have laughed yourselves to death choking yourselves.

    The fact is the salvos have not experience such an overwhelming number of people in financial difficulty in the last 30 years from conversations I had tonight.

    Just go and ask.

    Oh I forgot. That would be sooooooo below you.

    Smug ignorance is what you love to cling to

  84. JAWS permalink
    June 7, 2012 10:14 pm

    “So Jaws throws in this line, and we should think that he is unbiased?”

    I didn’t say I wasnt. Let me go further to say Hockey is a joke

    You linked to Keane . I simply pointed out that he’s just not credible to use as a link when he doesn’t even try to hide it. So why bother linking it as though it’s definitive ?

  85. June 7, 2012 10:20 pm

    😯

  86. June 7, 2012 10:21 pm

    * fuck religion, it’s hardly a necessity for acts of humanitarianism (I do applaud you charitable activities, for what it’s worth)

  87. JAWS permalink
    June 7, 2012 10:35 pm

    Thanks tj

    I hate salvo functions as there ain’t a lot to drink other than of the non grape or hop variety. Be as it may one salvo is currently trying to find no less than 7 underage girls living on the streets supporting themselves by the usual “ancient female means” as he put it.

    He’s 40 years old and he told a group of us with tears in his eyes.

    He has no spring in his step.

    Yes the mining states might be ok but get out there and see the real world is all I ask.

  88. Tom of Melbourne permalink
    June 7, 2012 10:42 pm

    “have you noticed how the usual right-wing ding bat brigade are unusually quiet/absent this evening….???

    I don’t know what that lot have been up to, but I’ve been out for a few good reds and a beef bourguignon.

    Very nice too.

  89. JAWS permalink
    June 7, 2012 10:52 pm

    The opposition team is a joke on economics. That is not contestable.
    If they actually knew anything about the subject they would at least
    read the abs stats. From what they have seen so far it’s obvious they have not.

    They are also pathetic

  90. JAWS permalink
    June 7, 2012 10:57 pm

    And would any of you ALP apologists like to explain why Gillard lied to Dave Oliver and Paul Howes last week when she said she knew nothing about the EMA when she was briefed about it 2 days prior.

    If a PM lies like that I hardly see why I should be labelled biased when my statement was made on the basis of facts which I note has yet to be contested

  91. Neil of Sydney permalink
    June 7, 2012 11:12 pm

    The latest thing Coalition supporters have been ordered to do by ALP supporters is to stop whingeing. We are to be silent.

    I wonder what ALP supporters would be saying if the Coalition was in power with the same set of figures???

    All I remember during the 2007 election campaign was ALP supporters whingeing. Howard produced an unemployment rate with a 4 in front of it. Something not seen since the 1970’s. And what did ALP supporters do?? Well whinge. Howard produced the best set of economic numbers not seen for a generation of Australians and I do not recall anyone from Blogocracy giving the Howard govt any credit.

  92. JAWS permalink
    June 7, 2012 11:20 pm

    Yeah Neil

    I remember that . They were pathetic the lot of them. I remember one of those ALP cnuts who whinged very clearly.

    It was me.

    I voted for Rudd. In fact the only times I have ever voted Liberal is when Howard went up against stupid Beazley when he claimed people earning over 50k were well off and at the last election and at the yet to be announced next election.

    Yet I’m a right wing dingbat

    Go figure

    All I want is some semblance of good government.

    Move on…… Nothing like that to be seen here

  93. JAWS permalink
    June 7, 2012 11:23 pm

    Fuck………..I even voted FOR Latham

  94. el gordo permalink
    June 8, 2012 6:31 am

    Howes is trying to bring Latham back into the tent, I think this is a good thing…he would make a very good press secretary for a future ALP Opposition leader.

  95. el gordo permalink
    June 8, 2012 6:43 am

    We live on a big dusty island with a two tier economy.

    ‘TEN thousand more jobs will be cut from the public service and speeding fines will rise by 12.5 per cent to help drag the NSW budget back into surplus from a forecast deficit of more than $800 million next financial year.

    ‘The announcements will feature in the O’Farrell government’s second budget on Tuesday, which is expected to reveal the forecast deficit for 2012-13 is $826 million.

    ‘This is largely due to a collapse in forecast GST payments from the federal government of more than $5 billion since September.’

    Read more: http://www.smh.com.au/nsw/thousands-of-jobs-face-axe-20120607-1zz2u.html#ixzz1x8sSCSNY

  96. el gordo permalink
    June 8, 2012 6:55 am

    ‘Consumer spending is unlikely to return to the powerhouse levels of the past decade, with future increases linked to wages growth, not asset price inflation.

    ‘Caution about future price falls is dissuading people from committing to building new houses, which in turn puts something of a floor under house prices by keeping supply shorter, relative to demand.

    ‘But make no mistake: Australia’s debt-fuelled housing boom is over. The blow doesn’t appear fatal, but it’s an open, festering wound for many household balance sheets.

    Read more: http://www.smh.com.au/opinion/housing-proves-to-be-nations-achilles-heel-20120607-1zyyi.html#ixzz1x8vOISza

  97. June 8, 2012 7:55 am

    Good morning everyone…. 🙂

  98. TB Queensland permalink
    June 8, 2012 7:57 am

    Well whilst you lot have been imitating the stupid fucking giggle of your lying shit of a leader I have been out at a Salvos fundraising … Oh I forgot. That would be sooooooo below you … Smug ignorance is what you love to cling to

    And you lot reckon I’m a grumpy old shit! 😆

    Maybe we don’t all wave flags about our “charitable” acts, Wally … still judging folk on your narrow minded opinions …

    BTW, a little flag wave … I’ve been a supporter of the Salvos since I donned jungle green (I think you’ll find the majority of (ex)diggers are) … our military history will explain why …

    Fuck………..I even voted FOR Latham That would explain a lot about our differences of opinion and why right wingers often bring the dickhead up in —- conversation ’cause I didn’t vote for him … 🙄

  99. el gordo permalink
    June 8, 2012 8:06 am

    Latham is a complete dill when it comes to CC.

  100. JAWS permalink
    June 8, 2012 8:39 am

    “Maybe we don’t all wave flags about our “charitable” acts”

    I try not too. But I was sooooooooooooo fucking ropeable about what I heard last night when I was at the function. At least DoCs and the Cops are on the case.

    “And you lot reckon I’m a grumpy old shit!”

    I am but a fucking pale imitation of you the Grand Master of Misery ………………. 🙂

    “Good morning everyone…. ”

    What gives you the right to claim it is………..?

    Piss off…………..!

    🙂

  101. June 8, 2012 8:40 am

    He was right about Bush & Howard.

  102. June 8, 2012 8:44 am

    Latham that is.

    I’m ambivalent about whether it’s a good morning or not as it’s almost bed time once I drop the youngster off at school.

    maybe a big fat spliff to whisk me off to the Land of Nod

  103. JAWS permalink
    June 8, 2012 9:08 am

    Bob Welch from Fleetwood Mac has topped himself

  104. June 8, 2012 9:15 am

    “But I was sooooooooooooo fucking ropeable about what I heard last night when I was at the function”

    I know how you feel..

    The hands-on experience in dealing with the displaced and marginalised is vastly different to what we hear from shock jocks n the like.

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