The interest rates go up, John Howard

Ah the joy of living in Australia under Howard I get to have the most unaffordable housing costs in the world...I lovvveee himmm

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Category:

News & Politics

Tags:

• john
• howard
• bennelong
• liberal
• party
• interest
• rates
• chaser
• rudd
• kevin
• house
• economy

[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

[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!!

[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!

.

[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.

[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]

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]

funny that interest rates are the lowest in 50 years.

[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

[pomplumber]

this video shows the ludicrus house prices in oz

[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.

[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

[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.