Love PJK? Let the world know! www.redbubble.com/people/AusQ... Alexander Downer asks Paul Keating about the state of South Australian financial institutions. Feb 18 1991
Poor Lexy, the Old Daaarling didn't have a chance against PJK. I love the way PJK had the opposition hanging on his every word. I've never seen an LNP treasurer acheive same.
Back when one could read the newspaper and listen to the gov rebuttal a question with anecdotes of Federalist political philosophy, financial standing of banks and a party political approach to management of an important national act that showed the parties objective to defer to depositors interests.
Is there a video of the time in 1991 when Andrew Peacock asked Keating about failing to lodge his (K's) company tax returns, and Keating responded with an admission, followed by a list of similar failures by Hewson and Reith, before excoriating all and sundry. I'm told it was a magnificent put down.
Downer asks a question on finance and on depositors, but accelerate 25 to 30 years. We have the Liberal Self Righteous Conservatives who drove the economy to such a position, where we have negative 👎 interest rates and introducing of bail in laws. They have done so by banning $10,000 on purchasing with cash 💴. They have the nerve to ask questions like that from the snobs like Downer. Who was instrumental in a government under Howard that brought us the economic conditions, we face today. Low wage growth but you can have your wealth generated in terms of housing. Not there mates should pay 💰 you 15% superannuation on top of your income. Poor business owners they took the risk to set themselves up and they should keep all the proceeds and profits of any productivity gained. But we will let you sell your house at inflated prices, Service the debts as best you can and then resell it to another who cannot manage the mortgage. But that’s fine because $200,000 win fall goes into there bank account as wealth generation. Keep that cycle going until over inflated prices are not manageable under today’s income. But we still pay 💰 people below the award. Because they are driven to obtain profits at any expense. But you have your wealth creation in the property market. That’s great, it worked for people living in those time’s, but now those people’s greed has created the environment and situation where the more they down size they pay double. What sort of economy are we creating we’re you sell a rubbish small apartment for $500,000, when wages growth and real terms of income is still the same to what people were getting 15 to 20 years ago. A great short term policy by Howard and Costello to divert wealth creation not by hard work 😓. But by buying and selling property. These people have gained well through this but when you cannot hold a job for more than a year. Your subjected to Master and Servant provisions such as bullying in the workplace because of a pity $900 a week paying job. That’s the workplace Howard and Costello created. But nothing to see here keep driving interest rates at bare minimum to keep burning the economy on property to the point our debt bubble has grown to the point where they got to steal depositors money 💵 to stay afloat and to have this question raised by self righteous Downer is a disgrace.
Downer is a little antagonistic here. I can't help but think if he concentrated on himself and not on what others are doing around him the results may come naturally.
Hi AQT, been a while since you've uploaded. Would be good if we could get some new videos of Keating cracking blokes off the square!! Hope you're well, BDL.
What burnt SA was the Panic'd Liberal fire sale when they got into office. It is well known today in local Liberal political circles to not mention the sale of ETSA and the privatisation of electricity in SA. A bit like Basil Fawlty not mentioning the war but without the comedy.
