Recession - Paul Keating and Bob Hawke musical number

[The777FORGIVEN]

Bob Hawke is a drunken union lackey and a retarded tool...I still remember how him and Keating had a million people unemployed. Worst prime minister ever. Dont let the Aussie Oi Oi Oi Fair Dinkum dyed in the wool dingo loving beer swilling lovable buffoon image Bob Hawke portrays himself as fool you. The bloke is a dickhead and forever will be.

[murrangurk]

The office of Bob actually changed this speech (ammended) saying he MEANT to say no child will HAVE THE NEED to live in Poverty by 1990.

I would say that they achieved this....!!!! I don't know any children that need to live in poverty.

[ruddsadudd]

RUDD'S A DUDD

[mit885]

Its the same thing all the time. The Liberals set the economy up for failure. Labor gains power and looks like the bad guys because the economy is bleak. They set us up for the next Liberal government which claims to be "more econimically trusted" and so the trend continues. Just look at the mess Howard left Keating. Then Keating fixes it, hands it to Costello who looks like a hero. He has stuffed it, now its up to Swan to fix it again.

[adamsmith85]

you idiot. What mess? 21 billion dollar surplus? Whos the idiots spending HALF in the first 10 months in government.

[thievinbrudda]

what mess?

haha yes there was no mess under the fraser howard government the 120 day bank cash rate was only at 22%

mortgage rates were only 13%

it was great

now howard spends 11 years accumulating over 600 billion dollars in foreign debt

and leaves rudd less then a year to brace for this sub prime crisis which looks likely to cause a severe recession in australia.

a labor party could have a surplus to if it actually had any more assets to sell like howard did.

[laxman11290]

The 600 billion dollars in foreign debt isn't really the government's fault (unless you believe that the government should have restrained all the borrowing that allowed Australian's to consume so much). The commonwealth government has little or no debt, the high net forign debt is caused by very low savings in the banks so when we go to the bank for a loan they must go overseas to get the funds.

[thievinbrudda]

well howard himself saw it as problem when foreign debt was at 180 billion under keating.

he kept on ranting on about that debt truck

so if you're wondering why its a problem go and ask him

[liber8me]

first of all keating had billions of dollars government debt, second of all public sector debt was low under keating because his recession sent most of the country bankrupt. what happens when thousands of businesses go bankrupt? their debt disappears from the statistics. therefore at the time it was relatively low

[thievinbrudda]

most of the country my arse

unemployment was 10% in the worst part of the recession

in no way is that considered most of the country.

again why dont' you go ask howard why foreign debt is bad.

he thought it was important enough to include it as part of his 1996 election rhetoric.

or maybe it really isn't that much of a problem

foreign debt hit 600 billion before howard was kicked from office in november 07.

howard was just being a hypocrite

[liber8me]

yep and a hell of a lot of peope went over the edge and lost their homes during the recession, plus thousands of businesses went broke. under howard the economy was growng and expanding at an incredible rate so companies were borrowing money to fund that growth. under keating the 200 billion debt was the remnant that was left over after the vast majority of businesses with debt went broke during the recession

[MrJarth]

@liber8me idiot you can stop a global recession it doesn't matter who is in charge. fortunately people vote in the labor party when things get rough. want proof go look at the world economy chart

[schmorandom]

hahahahahahahahahahahahahahaha­hahahaha

its a yearly surplus... they will get another $21bn to spend every single year - if they dont spend it this year they will have to spend $40bn next year

[schmorandom]

that was a reply to adamsmith85's comment... idk why it didnt show up underneath

[adamsmith85]

You idiot it took 11.5 years to grow and maintain a 21 billion dollar surplus, then MR DUDD gets elected and uts GONE in a YEAR. NEXT YEAR AUSTRALIA WILL BE IN DEFICIET.

[laxman11290]

I wouldn't be calling him an idiot when you obviously don't understand economics and can't spell DEFICIT. The original $21 billion would have been collected in that year except Mr. Rudd decided to use some of the funds to stop Australia going into recession. It's not like he just had a budget blowout and lost it all.

[ryujio85]

mate how do you pull a country out of recession? thats right inject money, but yeah they should be investing in infrastructure not injecting it into our pockets to save.

[adamsmith85]

you mean injecting it in our pockets to SPEND. Australia are spenders, look at the flash cars young people drive.

[ryujio85]

that's the thing though people will most likely save any cash they get due to the economic outlook not inject it back into the economy. So you think the Rudd plan will work? they're trying to get people to spend money and you seem to agree it will work yet your comments would suggest you disapprove of his economic policies.

[Franko123Mohawk]

The upcoming reccesion will be a result of the impact of Global Oil Prices and massive consumer debt. It is neither the fault of Rudd or Howard but the fault of consumers who have been getting drunk on easy credit leaving us all at the mercy of a huge downturn in consumer purchases. I blame the Australian education system as Australians do not understand economics and as such have gotten THEMSELVES into this situation by purchasing at the PEAK of economic bubbles.

[liber8me]

hahahahaha

lol you completely lost that argument so thats the best you can come up with.

pathetics.

but then again thats the intelligence ive come to equate with your average labor voter.

stupid enough to be fooled by that bunch of incompetent fools time and time again

[liber8me]

lol wow someone totally ignorant of economics.

no one has EVER paid higher interest on a house in australia than under labor.

i challenge you to ever find someone.

know why?

because like most ignorant labor voters, you cant tell the difference between bank rates and CASH rates

[TheScrubDown]

Lol...yeah, pretty lame video. Sorry buddy, hahaha.

[topologyrob]

Oh well, I suppose we can't all be blessed with taste :) Sorry 'buddy'

[Franko123Mohawk]

Before throwing out the cliched left or right wing political lines, do some research into why Recessions occur. They are inevitable (constant growth is always unsustainable) however this one shall be severe due to years of huge debt buildup. Shall be interesting how GenY handle it, they have never experienced a period of negative growth in their working lives!

[topologyrob]

um, are you responding to the video? Or the comments? Because if you're saying the video is throwing out political lines, I'm not sure what you mean.

[Franko123Mohawk]

Responding to comments of course....i love the vid!

[Franko123Mohawk]

The upcoming reccesion will be a result of the impact of Global Oil Prices and massive consumer debt. It is neither the fault of Rudd or Howard but the fault of consumers who have been getting drunk on easy credit leaving us all at the mercy of a huge downturn in consumer purchases. I blame the Australian education system as Australians do not understand economics and as such have gotten THEMSELVES into this situation by purchasing at the PEAK of economic bubbles.

[jaydee0223]

...wait for the ruddcession. Its coming!

[altube91]

Nothing's changed from when Howard was in Government I suppose?

[liber8me]

lol you should read up on labors economic record.

personally id be embarrassed to support labor

[Hoju001]

With a comment like that, I'm surprised you can read at all!

[liber8me]

why? interest rates under labor are over double that of the coalition for the years theyve been in office over the last 30 years.

as i said, doesnt take a genius to work out which party screws over the economy time and time again...

i would most definitely be embarrassed to support labor.

[mlawren7]

A recession in the next two years will have zero to do with the Rudd government or it's policies. "It's the economy, stupid."

[altube91]

Ideological rhetoric. Get a brain. Obviously recessions aren't caused by Government, but by the state of the world economy.

[jaydee0223]

mate, your 17 years old. What the hell would you know about anything?

[Hoju001]

If a recession occurs it'll be because of the lack of forward planning made by that little rodent John Howard and his ilk.

[liber8me]

nope howard left rudd a little present - called a surplus.

last labor government left howard DEBT DEBT DEBT

[Hoju001]

At least they didn't leave a crippled economy like that bungler Howard did as Treasurer. Check your history mate! It was the reforms made by labor that helped make the Australian economy what it is today, not the 11 years of Howard and Costello cruising on autopilot.

[liber8me]

really? thats funny because howard claims that those were the reforms that he set up when he was treasurer

[Hoju001]

Nope, Howard did squat. Check the history books, he left a broken economy with a huge budget deficit, while labor was party that made the major reforms (ie, the floating of the dollar) after that rodent got his ass kicked out of the treasury. Even Peter Costello went on the record stating that Howard wasn't a great reformer as treasurer.

[jaydee0223]

23 years old and a know all. How many recessions you been through? You wouldnt know squat about the incompetence and inherent union corruption of a Labor govenrment. FYI - Paul Keating was and still is the worst treasurer this country has ever hah. This is a widely accepted truth, particularly within the business community - not just liberal supporters.

[Hoju001]

Free tip to the fool without a clue: put down your Howard propaganda leaflets, logoff from Piers Akerman's blog, and tune in to some historical facts instead. That rhetoric you've spewed is so laughable, I'm not even going to bother rebutting it.

[j0noStrIk3r]

@jaydee0223 no instead we have a bitch witch of a prime minister, julia gillard is an embarrasment

[newsnational]

Hawke was better than Keating, Keating was walloped by Howard

[Stevemaizuru]

And........

What's your point?

[topologyrob]

My point is that it's fun to listen to the music in speech (a la Oliver Sacks' "The President's Speech"). Also that platitudes often reveal hypocrisy.

[PeterBalkenende]

"By 1990.." (chorus) very funny.

[Conrad4President]

This is very well done. Bravo!

[mangodebango]

Love the Whitlam Dismissmal Waltz and the Hawke Keating Recession Tango.

Looking forward to the next installment - the Rudd-Union Economy 'Swan Dive' yet to unfold... set to Swan Lake perhaps?

[adamsmith85]

true that

[Miyabiii]

it coudent be helped, stock crash in 87 and financial market downturn with the gulf war..u cant compare the 1990's to the 73 recession

[ImperialUSA]

I politicians have a habit of not keeping their promises, unfortunately for the Australian people.

[nameyourcharacter]

Pretty good, Rob. It feels like it was cut somewhat short, though.

Also, out of curiosity, where do you source your footage from?

[topologyrob]

Yes, it's cut short as it's an excerpt from a much larger work - Airwaves. One day I might make it into a standalone piece. I got footage from ABC.

[SticksTweeks]

. . . well if you ever believed propaganda then the Aussie Way would be to back dick nose Rudd. On this delivery at least!

Before the float and the adjustments it was tough times . . . it placed the corner stone for our last 25 years.

This was imagination by a politician who talk and understood the Australian common people and how the system worked for the people.

John's done little but to roll off his best skirt for his time in easyland. Little loan his smirk boy Treasurer.

[topologyrob]

What about the music!?

[171277]

Well if we are living in a booming country under the libs why are childern still living in poverty.

[topologyrob]

What's that got to do with speech melody?

[LMalby]

Haha. I like this one Rob.

[pi550]

Because their parents choose not to work and support them!