Kevin Rudd - Congratulations on a great first year!

[C-Whiz]

Well, I think after just one year we can all look back at all the good things Kevin Rudd and his Labor team have achieved. While up against it from the start with the dire situation this country was in with massive interest rate hikes, fuel prices, mortgage stress and the like, i think we should all take a moment to thank Kevin for the fantastic job he's done so far.

Interest rates have been falling sharply since he ousted Howard.

Petrol prices are dropping at a great rate for the first time since the Gulf War started.

And while the rest of the World tinkers on the edge of recession, Kevin has managed to keep us largely unaffected through good Government and prudent strategy.

Thanks Kevin, thanks Labor. Finally we can all breathe a sigh of relief.

[GCT_89]

you
have
got
to
be
joking............

[Ryan]

That breathe of relief you just let out, well you can suck it back in mate.
The biggest market in the world has all but collapsed, half of europe is already gone and Asia is following suit. Now our economic genius' Rudd\Swan seem to think we will be 'largely unaffected'.

$1bn Budget deficit looms
By Colin Brinsden
November 24, 2008 12:04pm

VOTERS are happy with the Rudd Government's first-year performance, but are less relaxed about the prospect of a Budget deficit.

A new report suggests the Budget is facing a $1 billion deficit next financial year as the global financial crisis kills the resources boom.

Independent forecaster Access Economics expects the Budget will remain in surplus in 2008-09, although its estimate of $4.83 billion is more pessimistic than the Government's $5.4 billion.

The difference in opinion is more stark in 2009-10 with Access predicting a $1.16 billion deficit, compared to the Government's projected $3.6 billion surplus.

"We are headed for deficit pretty fast,'' Access Economics economist Chris Richardson said, adding China's economy was slowing.

Prime Minister Kevin Rudd says the Government has no intention of borrowing to cover its spending initiatives, despite being given the green light last week by the Reserve Bank for a deficit Budget and "prudent'' borrowing.

Mr Rudd, speaking yesterday to reporters in Lima where he is attending a meeting of Asia-Pacific Economic Cooperation (APEC) leaders, was firm in his commitment to a Budget surplus.

"I don't believe there is a need for the Government to borrow to invest and spend,'' he said.

The latest Newspoll reveals 56 per cent of those polled would be concerned if the Government took the Budget into deficit.

But Labor still retains their electoral support, holding a two-party preferred lead of 10 per cent over the Coalition.

The Opposition says taking the Budget into deficit may prove addictive, because Labor governments are fixed on deficits.

But Mr Richardson argues the previous Howard government was guilty of being a spending junkie.
``We p....ed the good years up against the wall in the usual ill-disciplined blowout of tax cuts and big spending during the boom,'' he says in the latest Access Budget Monitor.

I wouldn't mind a realistic review of the political year gone by; ya know - how are our health & education systems 'revolutionising' along. Oh, and how are the Abo's progressing along since the big apology? We all took note of Rudd big promise of better internet access, and look where that's heading.

And it never cease to amaze how thoses morons continue to flatter themselves; "let's give ourselves a pat on the back". Far cannal..........

[Paul]

I checked to see if Chris posted this on April 1st

[TITAN PETE]

Nah can't get involved in this thread

[Steve]

I have to say, I really don't expect to see much change after a year. Most government policy is long term.

I find it odd that while our dollar was riding high vs the US$, petrol prices were still through the roof, but now I've seen fuel under $1/litre. Apparently it's because we're strong vs the European market.

I actually think Labor could lose the next election on the internet issue alone if the filter goes ahead. Assuming Comrade Rudd allows an election.

We probably are fairing pretty well in the global recession, it'll be interesting to see how long that lasts.

[titanstattman]

A fan of Fudd well that sure explains alot....

[Boofhead]

Nah can't get involved in this thread

Yeah, I'm with you on that Pete!

[Ryan]

Nah can't get involved in this thread

Yeah, I'm with you on that Pete!

Pussies..........

[Hoppy2007Dragons]

Interest rates have been falling sharply since he ousted Howard

Sure they went up before they went down, and Rudd claimed that was Howards economic mismanagement, so you can't now claim the drop is because of Rudd's good managment, its the RBA trying to starve off a recession/depression by cutting interest rates and boosting spending.

Petrol prices are dropping at a great rate for the first time since the Gulf War started

Maybe because the army is bringing oil back with them I'm glad the price is dropping, i don't think rudd has had much to do with this though, pretty sure all his commissions and inquirys have done sfa and its just a result of the poor economy of europe.

An

d while the rest of the World tinkers on the edge of recession, Kevin has managed to keep us largely unaffected through good Government and prudent strategy.

Lost super anyone, unemployed anyone, australian dollar weak anyone.

While i agree were in a good position as oppossed to the rest of the world i dare say its because the rudd govt gained power with a surplus and a number of strong economic deals and trade agreements with our asian neighbours, as well as a good functioning economy. I mean i don't think jettign off to brazil for a confrence on what we should do for the world economy does anything other than use taxpayers funds, petrol and waste time, i mean after the talks all rudd did was hold a press confrence, "Australia is in a good position, there are tough times ahead, we are committied to doing something.

I dare say apart from his guarranteed bank depoists, most of the saving has been a result of the RBA and the consumers. (we still spend like no tomorrow, ven when their might not be one)

Pussies..........

Nice call, can't blame em though, politics fires people up, i think i upset a few with my pro-liberal comments during the election. I'm still waiting for all the aussie troops to be pulled out of iraq like kevin 07 promised. when he doesn't i'll be re-posting in a old thread.

[Nathalie]

I still think people are bitter over Little Johnnie getting ousted And that's all I have to say about that..

However, my lil bro did make a good comment the other day... when they were talking about Kev being PM for a year and his achievements etc, my brother said 'I have more achievements on World of WarCraft' - LOL

[Ryan]

I'm still waiting for all the aussie troops to be pulled out of iraq like kevin 07 promised. when he doesn't i'll be re-posting in a old thread.

How did I forget that one?
Probably too busy downloading all the porn before Rudd cut's off the supply
It'd probably be good reading going back through those old threads come to think of it; Saddam execution, Iraq War, ect....
That reminds me, what ever happened to Steelers & Aspher? They were good value.....

[daveyk]

you
have
got
to
be
joking............

i agree buddy....

oaky so he is one year in lets hope that in 2years that is GONE!!!!!!!!!!!!
LABOR will do nothing but send the country back into the red like they did last time, and it was HOWARD that got us out....

interest rated went up coz our economy was so strong
full prices - hrmmmm...... blames the saudi's on that.... pushing the price up world wide

very soon oit WONT be wall-to-wall in this country - u will find alot of the states will change then the feds!!!!!!!!

bring back liberal!!!!!!!!!

[Hoppy2007Dragons]

How did I forget that one?
Probably too busy downloading all the porn before Rudd cut's off the supply
It'd probably be good reading going back through those old threads come to think of it; Saddam execution, Iraq War, ect....
That reminds me, what ever happened to Steelers & Aspher? They were good value.....

great minds think alike, i went back and revisted the post.

Haven't seen stellers and aspher for a while, must have moved onto grater pastures, also i think you and me need to improve our spelling, i have no idea how c-whix decipher half our arguments.

[Ryan]

great minds think alike, i went back and revisted the post.

Haven't seen stellers and aspher for a while, must have moved onto grater pastures, also i think you and me need to improve our spelling, i have no idea how c-whix decipher half our arguments.

stellers, grater pastures, c-whix? Are you pissed?