ralph wrote:
> On Tue, 04 Mar 2008 07:53:26 GMT, "Denz" <nospam@[EMAIL PROTECTED]
> wrote:
>
> >
> >"Sir John Howard" <pmjwhowardj@[EMAIL PROTECTED]
> wrote in message
>
>news:49464a52-7fa1-419e-bb0f-2b49388b6fba@[EMAIL PROTECTED]
> >> Rate rise 'a double blow'
> >>
> >>
>
>http://www.smh.com.au/news/national/rate-rise-a-double-blow/2008/03/04/12044
> >02433439.html
> >>
> >
> >John "keeping interest rates low" Howards cruel legacy - now 12
interest
> >rate rises in a row.
>
> Good to hear you are out of your coma finally ... but apparently you
> missed the part where Howard was voted out of office and replaced by
> Kevin Rudd ... that was TWO rate rises ago.
4 actually. Start with the one we has in November. We have to blame
labour for that.
> http://www.rba.gov.au/MediaReleases/2008/mr_08_02.html
>
> http://www.rba.gov.au/MediaReleases/2008/mr_08_03.html
>
> The RBA looks forward with current government policy ... the damning
> judgements are there for all to see.
>
> What policies does Rudd have for reducing inflation?
>
> We know tax cuts and rolling back IR do just the opposite.
>
> As for addressing the skills shortage, they are pretty much
> maintaining Howard's high immigration numbers this year which might
> help reduce pressure on wages slightly ... except rolling back IR
> reform means employers have to pay immigrants more too doesn't it? ;-)
>
> Maybe education then? Whoops ... university chiefs have scoffed at
> his "education revolution" as doing nothing but replacing some of
> their private funding with an equal amount of public funding, so
> really no change from Liberal policy in terms of actual outcomes.
>
> So again ... what policies does Rudd have for reducing inflation?
> Nothing more than Libs had, indeed quite the opposite ... with IR
> rollback the ALP actually makes the RBA's job of containing inflation
> that much harder, increasing the likely need for higher interest
> rates than would have been necessary
>
> Hmmm they wouldn't dare scrap the tax cuts would they ... L.A.W redux
> anyone? ;-)
I know exactly what you mean.
