Wayne Swan Is A Hypocrite.

lol buddy, youv'e got no idea have you? Exactly what i needed to see from a rambling nimcompoop which is demonstrated in your figures below...lmao!!I'm literally giggling as I write this!! You've totally rambled on simply trying to twist stated figures that simply indicate the coaltion saw a rise of $350 bil under their watch in foreign debt. It was coalition policy that caused this massive rise, which simply encouraged people to live off debt to do their dirty work. We were seemingly doing better than the latter part of keating reign but it was all on borrowed money and all too short term in its gains. The biggest debt that anyone has is what gazza?? What is the run off from this? So you're the consumate economist.....actually more a conservative nut job! It is becoming clearer as you respond to various threads regarding weird responses and senseless questions. I purposely do not provide information to you, suspecting you are just wasting everybodies time, that is plainly clear. Just to remind you once again, it was conservative governments the world over that oversaw the GFC, it was only non conservative governments who had survived, which we were one of. This paints a pretty dire picture for conservative governments and one australia is slowly recognising. Either the coalition sway back to the centre or risk relevance. The only man that can do this is Turnbull. Once Australia realises that gillard didn't lie and sift through abott BS, it will be smooth sailing for labor.
I'm not wasting my time on a conservative nut job any longer. Go hard Gazza!!!

 

LOL... as stated, you have no idea about what you linked and when faced with your own HARD EVIDENCE, you try again to squirm away from your statements. LOL... You forget the corporate borrowing and claim it is all Mortgage debt, and now you can not back it. LOL

Yes you have been caught with your evidence, and now you want to run and hide...lol

 

The following are the conservative nutjobs comments over the duration of this discourse. Please note what is stated above regarding corporate debt. Read the snippet from the article that was posted below but keep in mind the comment.

Article Snippet
"As it happens, only 10 per cent of the net foreign debt of $648 billion is owed by the public sector, federal and state. The rest is owed by the private sector and, in particular, by our banks. Why have they borrowed so much from abroad? Quite possibly so that they had the money to lend you your home loan."

Now the main corporate organisations in question obviously start with the letter B......! See if you can guess that gazza?? As I stated you are just a conservative nutter with no substance who only aims to twist realities even when it smacks you in the face.


Read more: http://www.smh.com.au/business/why-...-taboo-topic-20100312-q42h.html#ixzz23Iuqis6J

 

LOL... so now you are trying to state that you have covered corporate debt, But the figures YOU proclaim do not add up.

LOL... yes that is right. I never stated public debt was not a factor, YOU proclaimed 90% was mortgage debt

YOUR claim not mine. The fact that you discount Corporate debt as having any correlation in foreign debt is amazing. The fact that you draw your assumption, from comment, shows that you are grossly out of touch with reality of this issue.

LOL...and you then attribute that to the housing market...LOL but you ignore that fact that Australia consumes more than it makes, even with the resources sector.

You have attempted to lay blame on Howard, for something that both Keating and Gillard have been continued to contribute to, the real issue of consuming far more than made. You have no idea, that borrowing to pay interest, is only increasing debt without any increase to value. Forward thinkers see this as a huge problem.

But you seem happy to continue perpetuating increases of foreign debt by pushing further manufacturing from the Australian market to foreign markets, selling back to Australia, increasing the gap of exports to imports, thus increasing private foreign debt. So with two drivers increasing Gross foreign debt, what do you think will happen? Not forgetting public debt.

Forward thinkers? obviously not one of your traits. Blaming the families for foreign debt is, in another ALP supports words, a slimy thing to do...LOL

 

Keep twisting....lmao! You argue vehemently but seem to be reading the wrong map to the wrong city, this explains you to a tee I reckon. If you aren't getting the picture by now, then there is no hope! You are a completely deluded individual to be honest, and are getting yourself all twisted and confused due to an inability to provide a solid argument. I am however enjoying the opportunity to watch you squirm over your ignorance and pretention to be an economic expert......lol! As GS stated, you continue to demonstrate what a fool you are. I'd better not argue with you anymore, I think I'm being caught up in the proverbial!


Last time lady gazza! This commentator is obviously being a little reserved in his opinion, especially from other reports regarding this situation. This is in response to one of your nagging questions, the rest of your posts is mostly gibberish, like all of your posts. I suppose I'll be hearing from you soon with another wriggle and a twist...you'd make chubby checker feel proud buddy.

The problem with this argument is it can’t explain why prices started to rise in 1996 and skyrocketed from 2001 onwards. Annual population growth between 1996 and 2005 registered at approximately 1%, taking off between 1.5% and 2% from 2006 onwards. (Fundamental supply and demand issues explain rent prices, not housing prices, which is why rents have increased from 2006 onwards).

This is one of the more ludicrous defenses made by the bubble deniers. Our mortgage debt stands at $1.2 trillion, or 90% of GDP.

Keep twisting your way out. I'm hoping that you'll become a convert and see the error of your way. There is always hope and I'm confident you are starting to see that. As stated before, re-register under another alias so that you can start a fresh with a new view of your country but obviously from a factual position not a fairytale twisted view that is so readily available via mainstream media.

http://theconversation.edu.au/debunking-the-myths-peddled-by-australias-property-bubble-deniers-4488

 

LOL... so you really do have no idea. I have been stating that this is exactly what your document was about, and you are trying to proclaim different.

and you think that those projects are housing. forget the amount of money from foreign interests that went into road infrastructure just to name one, But the biggest thing you want to ignore,

But that is fine, as all these causes of foreign debt is eclipsed by the housing market...LOL

LOL... No unfortunately it is not me who is twisting, as stated, the article does not state what you proclaim. You assumed that it did, and now you can not back your statements. Your problem not mine.

Oh so you expect that housing costs where static before 1996? (would you also like to contribute foreign debt to rent?)LOL

so now I deny there is a housing bubble...LOL. (should you not be perfect, if you wish to attack others?)

No it is your contention that GROSS FOREIGN DEBT is from the housing market. regardless of the previous problems of the debt, that includes both ALP and Coalition governments, of consuming more than what is produced. Forward thinking, LOL... No your just trying weasel out of YOUR claim.

God why would I want to think like you, short sighted and arrogant, inability to see what is happening to you and just obviously clueless. No, that might be your way of trying to get your point across.

but unfortunately, it shows more to the poster.

LOL...interesting read. so why do you support a government that increase the incentive to participate in the housing bubble? You know, The Home owners grants and the waving of stamp duties to get people buying houses? YOU are the one proclaiming forward thinkers yet your link shows that you did not consider that the ALP (who started this practise and are now perpetuating it) are continuing to pump the very market, You are blaming for the GROSS FOREIGN DEBT...LOL

Oh, by the way, I do not agree with pumping the housing market, as Hawk, Keating, Howard, Rudd and now Gillard is doing. But that is irrelevant to your claim that the housing market is the cause of GROSS FOREIGN DEBT. Talk about jumping about, but so far, no support for your claim...LOL

 

hahahahaha........you've got to be kidding me! Just as I thought....lol

Squirming away with easy to throw around comments. I've given plenty of facts and correlation. Anyway lady gazza, you are a waste of time with your delusion and twists. I've got a sneaky suspicion you have learnt more than your pride will let you display. Just re-register in another alias, it's all okay.

 

LOL... yes, YOUR correlation is to attempt to apply your understanding of one article upon another, and because they have similar words, they must be the same. So far it would appear that you still have not understood YOUR first link as you continue to ignore the major problem of GROSS FOREIGN DEBT.

What can one say, you seem clueless of basic economics and are attempting anything you can to get yourself out of making an uninformed comment, about an article, YOU obviously did not understand. LOL...

LOL... How can one learn anything from somebody who does not actually know what they are looking at? Championing a government and denouncing another government, over something they are both doing, which has nothing to do with the claim YOU are making. No... Sorry to say, again you are lacking.

 

You must be one lonely person dude! It is very obvious you don't have any idea of how political parties, policy and the economic systems run, and it doesn't help to pretend. I'd advise you read more and practice on comprehension....ohh and work on grammatics too, it will help people to understand your delusionary comments. That's not an insult but just some genuine advice, especially if you are going to debate with the big people.

 

LOL... coming from somebody that has no idea about articles you proclaim as HARD EVIDENCE of your claims, That is a stupid attempt at insult.

People understand them, because you have been caught out, ALP supporters jump to the old grammar, but then continue attempt to cast disparages on the comments, Obviously you understand them as well.

But as you obviously have been caught, trying to attribute an issue to one side of politics without any understanding that the party, YOU champion, is doing the very same thing. ONLY shows that it is not me who does not understand both politics and economics.

Forward thinkers? foresighted government? Glad to see that they do not have your understanding of how things actually work, as shown by the article you claim as HARD EVIDENCE.

 

Thank God labor are in power I say! We've got to ensure our economy gets back on track. We need at least another 2 terms of labor government to ensure our country has solid growth across the board, not the short sighted and short term growth of the howard government who pretended to be the economic experts. Everything was supposedly going gang busters during the Howard term, the only problem was, it was all on borrowed money! The consequential impact of this short term gain policy was a bubbling of the property market. The middle class and younger generation are now completely at the mercy of the banks....Thanks honest John
Anyway, I'm not sure of swanny being an appropriate PM but he sure does make a d@mn good treasurer!

 

LOL... and that would be your opinion, deluded as it is.