labors 17% interest rates.Considering labors disgraceful economic record which gave us 17% interest rates and?

Question

We now have the worlds best border security and are a proud prosperous nation

Answer 1

Don't you remember the around 20% interest rates and disastrous deficits we had when Howard was treasurer in the 1980's? If you don't think that's relevant now in the 21st century, then neither is your argument.

It was actually the previous Labor government which planned for and implemented all the reforms so that we could benefit from the economic growth we have experienced in the last 10 years or so. Howard's government have simply enjoyed the windfalls of those reforms, a booming global economy (which they didn't create) and have created surpluses by selling off public assets and by distributing the minimum of our tax revenue into public services.

If I took and took and gave nothing back I'd have a surplus too. It doesn't take a genius to work that out and a real economist can assure you that Howard's government have misled us just a tad into believing that they are our economic saviours. The economic machine is much bigger than what can fit into their hands.

The Liberal government cannot control interest rates but they've done a great job of letting residential property prices go through the roof by not making much needed reforms to tax laws. Why? Greed and to keep us all in fear of interest rates. We can't believe anything they say so we're better off putting our fiscal policy in the hands of the current Labor party who have just as much understanding of how a government should manage its affairs in modern economy and haven't proven themselves to be such outrageous liars.

Answer 2

Actually the Libs gave us 21.4% with Fraser (when Howard was treasurer) in 1982. Hawke had 19% in 1985 and Keating 7.9% in 1994.

Labor's reforms have protected our economy for 11 years. The Liberals have not done anything to protect or enhance the economy. Can you name some economic reforms by Howard? There is only one - tax reform. Whoop-de-do.

World's best border security? From what? Penniless refugees grateful for peace and freedom?

Answer 3

another Liberal that wants to rewrite history the way they want so here is some real history for you interest rates 22% unemployment 11.9% both under John Howard and his PM at the time was Malcolm Fraser who not only welcomed boat people but gave them five grand when they walked in the door which is why we have the illegal refugees we have today for 30 years Australia has been seen in the world as a soft touch Liberals boarder security you are joking

Answer 4

what exactly is your question? what relevance does this information from over ten years ago have to do with now, its not the government you should be blaming for interest rises, its the banks and greed