Possibly the most depressing thing I've ever read.
Labor hits out at Tony Abbott over his swipe at World Economic Forum
Opposition Leader Bill Shorten says Tony Abbott's swipe at Labor in Switzerland last night was "embarrassing" and proves the Prime Minister is stuck in opposition mode.
Mr Abbott used a keynote speech at the World Economic Forum in Davos to criticise Labor's response to the global financial crisis, saying the party had decided to "spend our way to prosperity".
"The reason for spending soon passed but the spending didn't stop, because when it comes to spending governments can be like addicts in search of a fix," Mr Abbott said.
Mr Shorten says Mr Abbott's speech demonstrated "in front of the whole world" that the Government is still "thinking like an opposition".
Australia is prominent at this year's talks because it currently has the chair of the G20 group.
"Overnight in Switzerland our PM has made his first foray onto the international stage and what an embarrassing performance it was," Mr Shorten told reporters in Melbourne.
"Overnight Tony Abbott had a chance to showcase Australia and instead he chose to take the low road of playing domestic politics on the international stage.
"[There was] little discussion about jobs, a lot of discussion about domestic politics, and no vision for Australia's future."
Mr Shorten said Mr Abbott discredited "a lot of the remarkable efforts of the Australian economy and Australian business who did so well with the support of the government to get through the global financial crisis".
Bowen says Abbott's speech was 'tired' and 'glib'
Shadow treasurer Chris Bowen says Mr Abbott's jibe shows he is incapable of acting like a prime minister.
"What we saw from the PM in his speech was a pretty tired old recitation of glib slogans and frankly, continuing attacks on the Labor Party for domestic political purposes while overseas, which is not traditionally the way a PM would conduct himself while overseas," he said.
"It appears Tony Abbott is pretty well addicted to being leader of the opposition and hasn't adjusted to being prime minister.
"In a speech like this you expect a bit of vision, a bit of detail.
"You expect selling Australia and selling the Australian story and success under governments of all persuasions.
"Tony Abbott appears incapable of doing that."
Meanwhile, HSBC's chief economist for Australia has backed Labor's stimulus spending after the global financial crisis.
"I think the response to the global financial crisis by the previous government was actually the right response in terms of supporting growth in the short run," Paul Bloxham said.
"I do think they should have more quickly tried to get back to budget surplus earlier on and unwound the spending a bit earlier after the global financial crisis seemed to have passed."
You can't spend what you haven't got: Abbott
Mr Abbott also used his speech to call for freer trade and increased global growth.
He told the audience of business and political leaders that stimulating growth through encouraging business was the single most effective means of promoting continued global progress.
Mr Abbott, who is the chair of the G20 in Brisbane later this year, said the world was 30 million jobs short of where it was ahead of the global financial crisis.
He said, however, that the crisis did not change the laws of economics.
"You can't spend what you haven't got," Mr Abbott said.
"No country has ever taxed or subsidised its way to prosperity.
"You don't address debt and deficit with yet more debt and deficit.
"And profit is not a dirty word, because success in business is something to be proud of."
Mr Abbott said that as a trading nation, Australia would make the most of its G20 presidency to promote free trade.
"People trade with each other because it's in their interests to do so," he said.
"And just as trade within countries increases wealth, trade between countries increases wealth.
"That's why we should all be missionaries for freer trade."
Mr Abbott was to meet with his British and Israeli counterparts before returning to Australia.
AHAHAHAHAHAHAHAHAHAHAHAHAHAMr Abbott used a keynote speech at the World Economic Forum in Davos to criticise Labor's response to the global financial crisis, saying the party had decided to "spend our way to prosperity".
...
He said, however, that the crisis did not change the laws of economics.
"You can't spend what you haven't got," Mr Abbott said.
"No country has ever taxed or subsidised its way to prosperity.
"You don't address debt and deficit with yet more debt and deficit.
If Tony wants to talk about the "laws" of economics, how about we start with the sectoral balances, taught in high school macro:
(G T) = (S I) (X M)
Since in Australia's case X - M is negative and since Mr. Abbott is so concerned with debt and people spending what they haven't got, his primary concern will undoubtedly be increasing the federal deficit so that the private sector will be able to save on aggregate. I imagine since the very idea of increased government debt appals him so much he'll also be drafting up the legislation to cease the mandatory issuance of government securities matched to deficit spending and will instead create alternate arrangements for the RBA's open market operations. No doubt the markets will kick up a stink like they did when they convinced Howard/Costello to issue bonds even when there was a surplus, but I have faith that Tony will be able to stand up to them and tell them they've been suckling off the government teat for too long.
FUCK YEAH FREE MARKET WOOOHOOO!!!!!!!!
I liked the speech (edit: in content, attacking labor was a bit ridiculous, no one on the world stage cares), but I'm too jaded and realise that this government will never actually implement any free market reforms.
Which sucks, but oh well.
Dunno man, his analysis seems to be up to the standard of a 15 year old Reddit libertarian, as AMNB has demonstrated. About as nuanced as his laughable "baddies" comment. He's either genuinely thick, or really doesn't think much of the Australian public (which is probably fair, sadly).
So you think things are good because they agree with your personal philosophy regardless of whether they will actually work or work well, and regardless of the actual aims?
Except for when they should show "a bit of affection" towards the country. Such bullshit.Anyone see Abbott came out today and blasted the ABC for that old chestnut of being "Un-Australian" for reporting on Snowden and the Navy's indiscretions?
Fucking idiot. The ABC isn't Fox News. It isn't the press's job to take anybody's side.
I love when he called Snowden a traitor. I forgot that he owed allegiance to Australia.
Communications Minister Malcolm Turnbull has strongly defended the ABC's editorial independence in the face of Prime Minister Tony Abbott's attack on the national broadcaster, which he says ''instinctively takes everyone's side but Australia's''.
Mr Turnbull defended the Prime Minister's right to critique the ABC but, in comments that could be interpreted as resistance to Mr Abbott, he said the ABC was rightly accountable to its board of directors, not politicians.
Lots more at the link.''What's the alternative the editor-in-chief [of the ABC] becomes the prime minister?'' he said. ''Politicians, whether prime ministers or communications ministers, will often be unhappy with the ABC but you can't tell them what to write.''
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The furore was sparked by the emergence of a note on Wednesday from an ABC reporter who said of the broadcaster's allegations asylum seekers were burnt by navy staff: ''My boss believes the allegations are likely to be untrue ''
Mr Abbott told radio 2GB that Australians wanted ''some basic affection for the home team'', but Mr Turnbull said the broadcaster was more constrained by rules around editorial fairness than its competitors in commercial media.
It's just a sign of the times, politicians on both sides attacking the messenger instead of the message.
Abbott might be able to browbeat on the ABC but he knows the moment he tries to change anything he's going to have fucking hell on his hands, so anyone who is pro-ABC shouldn't be worried.
I'm myself in two minds, as you all know I think the idea of a state run broadcaster is fundamentally immoral, but....it's the only broadcaster RIGHT NOW willing to be critical of the government.....
Sometimes I think you worry too much about principle and ideology instead of looking at what works.
I don't get you sometimes mate. Abbott is bad, but don't worry he can't do anything, and publicly owned broadcasters are morally wrong, but they are the only major Australia media organisations holding the govt to account which you seem to say is a good thing.
Sometimes I think you worry too much about principle and ideology instead of looking at what works.
Principles allow you to say things like "the ABC's existence prevents private competitors emerging." Handy things those principles, they allow you to escape the real world.
If that was totally true the commercial stations would be dust in the wind compared to the abc juggernaut. But Alan Jones is still employed, so I think there may be flaws in your reasoning
I don't think anyone denies that the provision of a public services makes it more difficult for news services to profit off news. But given that the motive imperative to profit off news just results in shit news, one has to ask what result exactly is intended
So the existence of a publicly funded media empire, which is going to get funding regardless of what they publish, which can provide news for free, makes it easier for private competitors (who have to charge for what is normally the same content) to enter the marketplace?
Sounds like you're the one living in la-la land, not me. :|
For what it's worth, I wasn't specifically pinning these ideas on you. Just echoing what I expected to be the common objection.
it's the only broadcaster RIGHT NOW willing to be critical of the government.....
If it's been unclear, my biggest problem with the ABC is its news website.
See, if the ALP were out there attacking the ABC and Fairfax for reporting on corruption in the building industry, I might agree with you. They're not. Instead, they're targeting Abbott's response. If the ALP had launched a co-ordinated campaign to label Murdoch journalists as traitors when they were in government I might agree with you. They didn't. Instead, they proposed some fairly low-key media ownership laws which were met with Cold-War hysteria.It's just a sign of the times, politicians on both sides attacking the messenger instead of the message.
Umm yes. I very much care if a policy is moral or not. Don't you? Or are you just advocating that the ends justify the means?
I absolutely judge policies on their morality.
You don't consider it absolutely vital that citizens have access to free news on whichever platform is available to them, especially in emergency situations?My apologies. I had argued similar things in this thread, especially regarding the ABC's online presence being problematic.
As for content, I guess I was a bit unclear. There are points where the ABC goes for niche content such as radio jazz or whatever, but there are places where they overlap. ABC News on the TV and the website.
They overlap when people go 'holy shit the sky's falling down?!' and go to find an outlet to fill them in. To me it makes sense they'll go for the one that they can access which is free.
If it's been unclear, my biggest problem with the ABC is its news website.
Umm yes. I very much care if a policy is moral or not. Don't you? Or are you just advocating that the ends justify the means?
I absolutely judge policies on their morality.
So much for Arksy's predictions.
Almost as good as Ventron's gay marriage one.
Almost as good as Ventron's gay marriage one.
See, if the ALP were out there attacking the ABC and Fairfax for reporting on corruption in the building industry, I might agree with you. They're not. Instead, they're targeting Abbott's response. If the ALP had launched a co-ordinated campaign to label Murdoch journalists as traitors when they were in government I might agree with you. They didn't. Instead, they proposed some fairly low-key media ownership laws which were met with Cold-War hysteria.
I know that Conservatives love to claim that the ABC is just as biased as any other media organisation and that lefties just can't see it, but it's really just not true. On many major issues they sing from the same neoliberal song-sheet as >90% of our public institutions, even if they do it with a little less fervour or transcribe it to a different key. LNP politicians claiming it lacks balance when reporting on climate change for example, don't actually want balance. To them, the 1% of scientists they agree with deserve as much time on the airwaves as the 99% they don't. Unfortunately for them, there really are topics where you don't get to have an opinion treated as sacrosanct just because it's how you feel. Totally un-PC, I know, but that's how it goes.
You don't consider it absolutely vital that citizens have access to free news on whichever platform is available to them, especially in emergency situations?
Ok I'll stop.
ANY ATTEMPT to regulate the content of the press and their methodologies must be rejected outright. (Yes, including this one).
Maybe only in emergency situations, but there's no reason why the government can't require private broadcasters to divert their broadcasting in the case of an emergency.