The interest rates go up, John Howard

[Hoju95]

Rudds a cock, john howard was the balls of the liberal party

[liber8me]

between 1987 and 1989 housing prices rose by an incredibly 56% under labor. so much for cheap houses

[FesteringFiesta]

funny that interest rates are the lowest in 50 years.

[liber8me]

which has nothing to do with labor. the reason why interest rates were at record high under hawke was because he didnt cut government spending and sent inflation through the roof. howard controlled spending = low interest rates. rudd has done nothing. its the global recession

my point with my statement was that this video is misleading because they used the prices of houses during a recession when the houses were the most expensive when there were also record high interest rates.

[FesteringFiesta]

excuses, excuses. If interest rates were sky high right now, you would blame labor. Don't get me wrong, I'm not a labor voter, I just don't like people who are biased toward one party or ideology and blame problems on the other guy.

[liber8me]

no it isnt, its simple economics.

and it would be pretty much impossible for interest rates to be high at the moment since no-one is spending any money so the reserve bank is trying to stimulate the economy.

you know why i am bias towards one party? because ive actually researched how the economy went under them and realised that one of the parties seems to do a hell of a lot better job when they're in office then the other.

[pomplumber]

this video shows the ludicrus house prices in oz

[bluefishsunmandarin]

why did you tube band this

[192728]

let me pay your hecs.

[the1calledbat]

so so true why didn't anyone point this out on the news etc or labor make it known to the dump people who think they pay less now? well those who voted lib are getting what they deserve. KARMA

[obaia]

ITS NOW 6 months and everything is going up

EVERYTHING

to the dump people who voted for DUDD

KARMA.

[maxine2win]

Why has nobody pointed out that if Howard loses his marginal seat, but the Coalition wins then Costello WILL be our Prime Minister on Sunday. This is really a three way election and the voters of Bennelong have a big part to play in this.

geocities /howard_out_of_bennelong/maxin­ein

[poocrapper]

HOWZZAAAAAAAAAAAAAAAAAAT!!!

[PissedBogan]

Howard made it easy for people to go into debt so he could tighten the noose around our necks and we'd be too afraid to vote him out. Not this time you squirming snake!!

[obaia]

PissedBogan The name says it all.Howard had nothing to do with people going into dept. It is a free country and up to you if you go into dept for trivial shit. People who borrow and invest in business to make money found it easier to do this. There will always be pissed Bogans that borrow with no way of paying the money back.

[Kambo456]

Yeah it is crazy that all these guys paying $600,000 for a place to live still love lil' John, back in 98 my place cost me $82,000 - I could buy and make the repatments on Min wage of $11.52 back then, Now Guys on $70,000 cant afford to buy a hovel in my city.

Boot Johnny Out!

.

[guava96]

Whoa. This is for real.

Brilliant.

[FireOnHouse]

'Never been better off' according to Howard. Yet with over one-third of households in mortgage stress (higher than at any other time in history), declining wages, spiraling HECS fees and an unfashionably warm climate, we must ask the question, how are we 'never...better off' Mr Howard?

Congratulations to 'commet' for highlighting the irony in the Coalition's fictious assertions.

[obaia]

FireOnHouse It is now 6 months since DUDD was elected.with over one-third of households in mortgage stress (higher than at any other time in history), declining wages, spiraling HECS fees and an unfashionably warm climate, we must ask the question ARE WE WORSE OFF THAN 6 MONTHS AGO

[crocodile2006]

Hows that mortgage stress going mate?

3% interest rates and $1.00 petrol, wow I dunno how people are going to survive under these hard Labor Government days.

[obaia]

crocodile2006 Hows the Job going mate. Interest and petrol won't be a concern if you haven't got a job soon. Incidently it was not Rudd policy that has dropped interest rates or petrol.Don't you watch the news. The world is in the shit.Rudd with all his promises thought he was falling onto that big 90 billion of surplus previous Gov savings. That has been all sqandered in 12 months. They are now talking of borrowing money to keep things going.You hang in there sunshineBut look at the big picture

[skycruiser777]

everyone knows Howard can't manage shit!

[Leftyslayer7]

YAWN!!!

[commet]

post to everyone you know and the media

[commet]

Yes post to every one you know!

[immy131]

lol I can't wait for this to be banned, maybe someone should phone like chanel 7 or fox or something- a good and funny story

[commet]

contact the media and post to everyone you know

[AndyWenman]

You really put things into perspective fro me. I've always known this 'economic strength' thing was utter bullshit. I was just always unsure of how interest rates fitted into the equation.

[commet]

post to everyone you know

[Ozipeter]

I find a lot of these arguments amusing as the reason behind real estate prices has a lot to do with purchasing parity and supply and demand. Why dont they do a nice show of country prices of real estate or areas that have no immigration mmm might not go down well?

[MattNTB]

Bloody fantastic (and true).

[torpedodropkick]

APCO service stations have workchoices, they love Howard.

[QueenieAlexander2000]

Bloody fantastic! I am a population and housing sociologist. More on housing at candobetterdotorgslashsheila

[hopeintruth]

Over 100 high ranking military and intelligence officials have come out and said the official 911 story is a fraud . Please I beg you Please go to patriotsquestion911 DOT com . pilotsfor911truth dot org . AE911Truth dot org

[hopeintruth]

Col. George Nelson, U.S. Air Force (ret) -- Former U.S. Air Force aircraft accident investigator and airplane parts authority. 34-year Air Force career. "The government alleges that four wide-body airliners crashed on the morning of September 11 2001, resulting in the deaths of more than 3,000 human beings, yet not one piece of hard aircraft evidence has been produced in an attempt to positively identify any of the four aircraft. " patriotsquestion911 DOT com

[hopeintruth]

Col. George Nelson, "On the contrary, it seems only that all potential evidence was deliberately kept hidden. With all the evidence readily available at the Pentagon crash site, any unbiased rational investigator could only conclude that a Boeing 757 did not fly into the Pentagon. Similarly, with all the evidence available at the Pennsylvania crash site, it was most doubtful that a passenger airliner caused the obvious hole in the ground and certainly not the Boeing 757 as alleged. "

[hopeintruth]

The war on terror is a fraud . Its really about getting control of Iraqis oil ( third largest oil reserves ) , building Afghani gas pipeline ( worth billions of dollars maybe more) and now there going after Irans oil ( second largest ) After the 911 attacks the USA has troops all over asia and the Middle East , expanding its Empire now on China's and Russia's door step . The War on terror is really The War for global resources and U S hegemony .

[coalltar]

The Tax free threshold of the 1970's with CPI increases would now be $30,000 approx, but we got John (the %#&@ I care) Howard as treasurer. The battlers have been sunk by Howard and yet some are still voting for him. Sink the b%#&@d.

[blackassassins]

If you want to see another good one search YouTube withe words "Go Johnny Howard" and check out the video called Go Johnny Go from John Kennedy and '68 Comeback Special

[bobhawks]

That is Good stuff you on they mark .

[aussiefem]

YAWN. Never mind. Johnny has made it impossible now for Generation Y and half of General X to ever own a home. So don't worry, you will never have a mortgage.

[bobhawks]

We want more good stuff

[BigScooter77]

You must be a maths student? Statistics is probably your strength by the look of it, because we all know that statistics can be used to support any arguement we like.

You're definitely not an economist though:

Wage increase = inflation increase

inflation increase = interest rate rise

interest rate rise = increase in default rate

increase in default rate = job losses

job losses = enconomic downturn

economic downturn = a recession we have to have.

[commet]

productivity down = inflation...too many useless paper pushers

[LordFabs]

If it is anything it's economics. The level of maths is about year 7 or so.

[deltaxml]

Very misleading - HECS was introduced by the Hawke government, not Howard and Keating initiated most of the deregulation, including privatisation and allowing the reserve bank to set monetary policy.

But don't let the truth get in the way of a good story

[commet]

Under howard wages have slipped far behind costs of living

[deltaxml]

Doesn't change the fact that you're deliberately distoring facts about when government policies were instigated and by whom to support your own political veiw.

[commet]

The facts are maths, go and get a house loan and the bank manager will tell you exactly the same. Your long hours of work are increasingly worthless

[markfrostau]

Oh my god this is the biggest load of crap in the world. Stop reading the ACTU manual on how to infiltrate the masses. Sorry Ms Burrows and Mr Combet, you are pathetic liars. Anyone with a knowledge of basic economics can easily demonstrate the flaws in such putrid propaganda. BTW - stop wasting your time on youtube, your only preaching to the left wing movement anyway, no-one else cares about your thoughts.

[commet]

So why don't you prove it wrong with basic maths, but no you just write about it!!!

[markfrostau]

your silly video completely misses the point, and is misleading.

[commet]

Again dogma rather than proof, you have not mathematically substantiated your claims, despite propounding it is a very basic proof.

[markfrostau]

If labor was still in government, they'd still be racking up huge amounts of debt, pushing up interest rates, and they would never have adopted an independent central bank with inflation targeting, and we'd have much higher commercial lending rates, PLUS much higher house prices (remembering that the reason that there was a housing bubble was due to bad labor policy).

[markfrostau]

Lets run the maths (as you so desire):

$500 000 x 20% = $100 000

Oh look! We are now instantly worse off under Labor! Therefore dont vote Kevin Rudd.

Now I know it is not as simple as that, but thats basically what your video does. It takes some simple numbers, ignores other relevant information, provides false assumptions, and leaves you with only one counter arguement - show me the maths. Well there you go. Ive done it and proven you wrong.

[commet]

WRONG, house price was 50K when interest rates were 13% (upper limit legislated). Under Howard you have house the interest rates under Howard and house price under Howard.

[markfrostau]

No you are wrong. In 1990, the reserve bank of australia lifted the cash rate to 17.5%. Commercial lending rates were around 20% (hence the figures I used). House prices at this time, were not 10% of what they are now. See the reserve bank website.

[dhowzer74]

It's OK election not far away then Howard will be gone and all the commercial journo's will take a sigh of relief that Howard wont be able to have them shot for telling the truth. Then you can be informed of the facts cause thats where the crap you pedal comes from.

[Ozipeter]

what they fail to show in this video is that the purchasing parity has increased of the average borrower. I have worked in the banking mortgage area for over 14 years and it is clear as day.

[doupunk]

With our preoccupation with property and over 1 trill dollar of household debt tied to property what happens with rising interest rates and climatic uncertainity with 711,000 coastal properties already identified uninsurable against the effects of climate change.

[markfrostau]

Marginal rates of tax are far lower under Howard than they were under labor. A marginal rate of 45% only means that if you earn over $150 000 every extra dollar over that you pay 45 cents. Arent you guys the socialists who basically want to penalise the rich simply because theyve worked hard to get where they are? in any case it deems your whole mathematical process as nothing other than fiction.

[commet]

It called bracket creep go and read it...again you are wrong. no the "rich" define the resources as theirs!!!

[markfrostau]

What? Bracket creep has got nothing to do with it. Your video explicitly said that you pay 45% tax on a $70 000 income (from memory?). Let me tell you, no-one in australia pays 45% tax. Not even james Packer. Someone on 75 000 would pay around 23% tax. As for bracket creep - even if applying this, its an irrelevant conversation as the Howard government has reduced the rates of tax.

[commet]

The value is in the land, not the house. I have not seen any "hard working person" make any land yet!!! Land gets its increase in value by public infrastructure.

[markfrostau]

Your mind looks like an incoherent mush of labor propaganda right now. Make any land? what do you mean by make land? Land is not produced in a factory. So what? Plenty of hard working people who out there who own land. It is true that the carr / iemma government (and other state governments) have failed infrastructure. Not to mention the lack of land releases which drive up prices and bad labor policy from the early 90's that also created an artificial housing boom (and then bubble)

[commet]

So if no ones made any land, why do they get the benefit of the increase, look up, endotwikipediadororg/wiki/Geor­gism

[markfrostau]

Gee... Great... You may has well just told me to read das kapital. I dont see what your point is in any case.

[torpedodropkick]

Howard is just a puppet for the BANKS and institutional investors. He has no control over interest rates, because of Hawke/Keating's currency and market deregulation. Housing crash will happen when the next rate rise occurs and wage cuts under IR laws kick in.

[1bigstink07]

Creative, funny and yes true. click99a2000 - You are a fool. Shock, horror, I am responsible for what I buy and that is why I know I can buy less and less as Howard tyranny drags on and on. You sound like an old propaganda movie warning about reds under the bed, no wonder you like John Howard so much.

[SamDundee]

Scary and true!

Wake UP Australia!

Brilliant film, well done!

[click99a2000]

Yep, for sure ...  This is sooo True! And Elvis has just left the building.

[vk4akp]

This is sooo True!. Life was good for me under a Labour government. It's been S#!T ever since Howard got in and got worse every day that passed. I soo sooo hope Rudd gets in this time or we are all well and truely screwed. Welcome to Australia Howards gift to the world the newest 3rd world country on the block! :(

[click99a2000]

This may come as a shock but living in a free country means you have to take RESPONSIBILITY for a few things ... like, shock, horror, buying things & borrowing money. Or under a labour Gov will your own personal guardian bureaucrate make your decisions for you. Actually, come to think of it, he probably will because as all with a menory longer than 5mSec know, labour KNOWS what right for you.

[click99a2000]

Free is another work for someone else paying my bills for me. Great system if you can get it. OMG, the rantings of a small mind.

[click99a2000]

House prices are the result of the public driving the prices up and state labour governemnts for restricting land release to force people into apartments. Did Howard bid at every auction in the past 12 years? All the things this sniveller is on about he did to himself.  And sure, the labour party is just around the corner with a free lunch for all. Look, there goes another flock of pigs!

[seveprim]

Hey at least John did not bring in the child support agency... Who cares about debt when Labour brought in FUCKED CHILD SUPPORT >>>> and to justify it you pay tax to support your unemployed uncle but that same tax does not cover your kids ... you pay tax to pay for welfare for elderly but that same tax does not cover your kids .. talk about a double tax ... Child support is a double tax and Labour can go fuck it self !!!

[valland55]

good video. So was it realy taken down by youtube?

I couldn't figure what was in the beeps? Contact me , I'de like to know. Ex, vid.

[dx6789]

This video was absolutely wrong, you have no idea how things work in the economy. Krun is correct under Labor the wage system would be fixed through a centralized system which would create classical cyclical unemployment and thus increase interest rates. Australia has to thank Howard for his efforts as PM he has implemented great economic change which has placed Australia economy out of a centralised system into a flexible system which can compete globally

[mattoxic]

Err, you clearly don't know your politcal history.

Ecconomic deregulation happened under Hawke and later Keating. Tough for you, but true. Hawke deregulated the banking industry and floated the dollar. Can you name one ecconimic policy the Howard Governmet has introduced? Yup, there is the GST, 50% reduction in capital gains tax. Can you name another? No? didn't think so.

[dx6789]

Yeah Workchoices last year

[mattoxic]

And workchoices has economic policy has done ...... ? I think it's a bit early to tell what the economic effects of workchoices is. Certainly most of the only really new part of this legislation has been introduction of unfair dismissal- which would paint the policy as more ideological than economic. Common law contracts and AWAs have been around longer than workchoices.

[SeymoreGraft]

What a croc of rubbish What were the wages then? And today, fuel is 35% cheaper in real terms! You must think we are all idiots to swallow that garbage! Or unionists

[CountArach]

Intelligent... except for those last bits.

[lordzeno666]

Not long now and we can get rid of the old man.

Personally, I'll win either way. Under labor, the economy may keep up the boom, ( since it's all up to commodities, not the libs or labor ) and if Labor stuff up, we get high interest, the high debt morons lose, I can buy a house, the dollar goes down ( I get paid in USD ) and I start making money again. Back to the good ol' days.

[julesdaman]

finally someone says something intelligent.

[RamboAmbo]

Krun123 is a liberal party hack.

[scottishlowoflow]

i didn't realise that westernised countries had to have a <country name here> dream im glad i live in the UK because we don't have a dream because we're all AWAKE!

[stewart0312]

Excellent video. You won't see this discussed on the news. As far as the main stream media is concerned everything is just "super".

[sgtkicker111]

hey krun123 lets save forrests in indonesia from logging but not stop importing the same stolen trees

thats howards idea on fixing global warming.

and buy the way my parents got rich from howards work as treasurer coz rates were 16 to 18%.

wake up. brain washed fool

[Krun123]

Its because this video is stupid. Under a labor government i assure you inflation rates would be twice if not three times as bad i recon... House affordability is fine.

[volantare]

You "recon"? Good to see you know what you're talking about. Keep drinking the cordial.

[howardsux1]

that sums the dead beat very well.

[honkybread]

go back to england

[thundaboxfan]

you fucking idiot..

Are YOU an indigenous person??

If not why don't YOU go back..blah blah blah..

LISTEN to the figures..