Comments on: The Recession and Rudd’s Plan 9 from Outer Space. http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/?utm_source=rss&utm_medium=rss&utm_campaign=the-recession-and-rudds-plan-9-from-outer-space Views about the Australian stock market, shares, the economy, investing, politics and world events. Fri, 10 Feb 2012 09:23:14 +0000 hourly 1 http://wordpress.org/?v= By: Greg Atkinson http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-273 Greg Atkinson Fri, 27 Mar 2009 23:28:17 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-273 Crazy Jim, or do you prefer just Jim :) Sadly I think you hit the nail right on the head as they say regarding people being happy about the cash handouts from the government. Personally I think this is a loophole that needs to be closed as these cashbacks are essentially much the same as the prime minister walking around giving out taxpayers money to lift a governments poll numbers. In any case, a lot of the money that is spent eventually heads overseas anyway so it is hardly a very efficient way to boost our economy. Crazy Jim, or do you prefer just Jim :) Sadly I think you hit the nail right on the head as they say regarding people being happy about the cash handouts from the government. Personally I think this is a loophole that needs to be closed as these cashbacks are essentially much the same as the prime minister walking around giving out taxpayers money to lift a governments poll numbers. In any case, a lot of the money that is spent eventually heads overseas anyway so it is hardly a very efficient way to boost our economy.

]]> By: Crazy Jim Smith http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-271 Crazy Jim Smith Fri, 27 Mar 2009 10:04:46 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-271 A very good article. The average voter still likes the Rudd government unfortunately. It will take time for them to realise that their policies will result in major damage...........probably after the damage has already been done! Right now everybody is happy about their one off $950 stimulus gift! When they start paying $3,500 in tax hikes, which will be every year, then they might start to think about how bad Kevin Rudd really is........ A very good article.

The average voter still likes the Rudd government unfortunately.

It will take time for them to realise that their policies will result in major damage………..probably after the damage has already been done!

Right now everybody is happy about their one off $950 stimulus gift!

When they start paying $3,500 in tax hikes, which will be every year, then they might start to think about how bad Kevin Rudd really is……..

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-214 Greg Atkinson Mon, 16 Mar 2009 01:35:08 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-214 Hi Millie, thanks for taking the time to leave a comment. I always appreciate feedback and invite you to leave comments, ask questions or make your views known. I agree with you views about how the economy is being managed by the clowns we have overseeing the whole circus. You just have to think back to that symbolic waste if time "Australian 2020 Summit" to see that Rudd and Co are all more focused on managing the media and public perception rather than managing the country. If they really had any idea of how to manage the economy they would have had an economic summit last year and not have been rubbing shoulders with Cate Blanchett. It is pretty clear what sort of game Rudd is playing.....he will take credit when things go well but be ready to point the finger when there are problems. For example he takes credit for a sound banking system (largely thanks to Costello) but at the same time rants on about the evils of neo-liberals even though his wife's business thrived under the Howard years. Anyway I hope your business holds up well. Good luck to your son and his new venture.....please stop by again. Hi Millie, thanks for taking the time to leave a comment. I always appreciate feedback and invite you to leave comments, ask questions or make your views known. I agree with you views about how the economy is being managed by the clowns we have overseeing the whole circus. You just have to think back to that symbolic waste if time “Australian 2020 Summit” to see that Rudd and Co are all more focused on managing the media and public perception rather than managing the country. If they really had any idea of how to manage the economy they would have had an economic summit last year and not have been rubbing shoulders with Cate Blanchett. It is pretty clear what sort of game Rudd is playing…..he will take credit when things go well but be ready to point the finger when there are problems. For example he takes credit for a sound banking system (largely thanks to Costello) but at the same time rants on about the evils of neo-liberals even though his wife’s business thrived under the Howard years.

Anyway I hope your business holds up well. Good luck to your son and his new venture…..please stop by again.

]]> By: millie http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-212 millie Sun, 15 Mar 2009 06:38:43 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-212 I just stumbled across your website and it's terrific to finally read some balanced commonsense comments on the economy, tax system and media. The clowns we have in politics, finance and power controlling our country is beyond a joke. What makes it even more frustrating is having our hard earned tax dollar massively wasted and the majority standing by and letting it happen. in fact it seems, the more wasteful and mediocre the current government the higher the popularity rating! My husband and I are in our early 50's, both with small businesses. Our son at 20 has started his own small business. We are trying our best to achieve and maintain financial independence. the level of government interference for so called compliance (and taxation) doesn't make it easy. It looks like we are well on the way to socialism and control under Kevin Rudd, I couldn't think of a worse and more embarrassing leader in power. I believe completely in all your comments to date on the web site and suggestions to improve our country. We really need rationality and common sense in politics, not populism. the current government has totally lost the plot and much worse than I ever expected. We really need to be lobbying constantly against all the ridiculous, irrational media comments that the population is constantly being fed. Let's hope that web sites such as this become widely used and read and maybe somewhere along the line will have some impact. I just stumbled across your website and it’s terrific to finally read some balanced commonsense comments on the economy, tax system and media.
The clowns we have in politics, finance and power controlling our country is beyond a joke.
What makes it even more frustrating is having our hard earned tax dollar massively wasted and the majority standing by and letting it happen.
in fact it seems, the more wasteful and mediocre the current government the higher the popularity rating!
My husband and I are in our early 50′s, both with small businesses.
Our son at 20 has started his own small business.
We are trying our best to achieve and maintain financial independence.
the level of government interference for so called compliance (and taxation) doesn’t make it easy.
It looks like we are well on the way to socialism and control under Kevin Rudd, I couldn’t think of a worse and more embarrassing leader in power.
I believe completely in all your comments to date on the web site and suggestions to improve our country.
We really need rationality and common sense in politics, not populism.
the current government has totally lost the plot and much worse than I ever expected.
We really need to be lobbying constantly against all the ridiculous, irrational media comments that the population is constantly being fed.
Let’s hope that web sites such as this become widely used and read and maybe somewhere along the line will have some impact.

]]> By: Senator13 http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-202 Senator13 Sun, 08 Mar 2009 10:31:06 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-202 I second that! I second that!

]]> By: 8020 Financial http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-201 8020 Financial Sun, 08 Mar 2009 08:18:46 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-201 Oh come on Greg, I'm certain that home insulation will be solution to all our problems ;). Good article. I wish someone (anyone) in the mainstream media would say something along these lines. Oh come on Greg, I’m certain that home insulation will be solution to all our problems ;) .
Good article. I wish someone (anyone) in the mainstream media would say something along these lines.

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-200 Greg Atkinson Sun, 08 Mar 2009 02:46:32 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-200 Pat I think things are now pretty much out of Australia's hands. If the global economy does not pick up then demand for our exports will stay weak and we may find ourselves back in the pre-commodities boom area. This would mean a lot of downward adjustment and plenty of pain for the Australian economy. I have no idea when things may improve and niether does anyone else, however some"experts" say we should see the global economy start to recover in the 2nd half of 2009 whereas others are now saying things will not get better until 2010. I agree with your comments about the relative ease of getting home loans these days but this problem is being fueled by both polictical parties via first home buyer grants etc. (and plenty of property developers, real estate industry groups etc. are always pushing for more handouts) Pat I think things are now pretty much out of Australia’s hands. If the global economy does not pick up then demand for our exports will stay weak and we may find ourselves back in the pre-commodities boom area. This would mean a lot of downward adjustment and plenty of pain for the Australian economy. I have no idea when things may improve and niether does anyone else, however some”experts” say we should see the global economy start to recover in the 2nd half of 2009 whereas others are now saying things will not get better until 2010. I agree with your comments about the relative ease of getting home loans these days but this problem is being fueled by both polictical parties via first home buyer grants etc. (and plenty of property developers, real estate industry groups etc. are always pushing for more handouts)

]]> By: pat http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-189 pat Thu, 05 Mar 2009 11:59:03 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-189 do you think the aust eco. will really hit the wall in the first half of the next financial year as the stimulas packages are saved or debt paid off ,and there is no rebound in markets across the world.This govt was worned in 2007 by abc four corners of the hugh problems in home finance in america and the problems that it would cause around the world. we are told that the banks in aust are the safest in the world i think they are only safe because unemployment has not got out of hand,at 8,9,10% plus lets see how safe the banks are then.banks have been keen to give big loans to anyone, my daughter and husband went for a loan her job paid 35k and his 34k the loan they could get was 350k with no deposit that was in nov 2006.i was shocked as i had worked in banks for 15 years and as a loans officer would not authorised the loan without a least 20% deposit.j just wait until all the noodle (no deposit loans)loans hit the wall the banks will have our own aust sub prime noodle problem hear. maybe we might be able to beam them up with scotty. pat do you think the aust eco. will really hit the wall in the first half of the next financial year as the stimulas packages are saved or debt paid off ,and there is no rebound in markets across the world.This govt was worned in 2007 by abc four corners of the hugh problems in home finance in america and the problems that it would cause around the world.
we are told that the banks in aust are the safest in the world i think they are only safe because unemployment has not got out of hand,at 8,9,10% plus lets see how safe the banks are then.banks have been keen to give big loans to anyone, my daughter and husband went for a loan her job paid 35k and his 34k the loan they could get was 350k with no deposit that was in nov 2006.i was shocked as i had worked in banks for 15 years and as a loans officer would not authorised the loan without a least 20% deposit.j
just wait until all the noodle (no deposit loans)loans hit the wall the banks will have our own aust sub prime noodle problem hear.
maybe we might be able to beam them up with scotty.

pat

]]> By: Vince L. http://www.shareswatch.com.au/blog/economy/the-recession-and-rudds-plan-9-from-outer-space/#comment-188 Vince L. Thu, 05 Mar 2009 11:22:38 +0000 http://www.shareswatch.com.au/blog/?p=106#comment-188 Is Rudd related to Criswell (the narrator)...mind you that alien chief speaks a lot like Rudd. Is Rudd related to Criswell (the narrator)…mind you that alien chief speaks a lot like Rudd.

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