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TO HER MIND
Crazy in print, even crazier on television, Margo Kingston attempts to define “the mood of the times”:
To my mind, the Zeitgeist, the mood of the times, changed in September last year when Sir Nicholas Stern made the connection inexorably between the economy and the environment and warned that if we didn’t adjust quickly that we’d head for depression, that we had to factor in the environment and the costs that we were exacting on it in the way our economy worked. That’s when I felt that all of a sudden things were up for grabs. Now only a month before that John Howard had declared himself a climate change denialist on ‘Four Corners’.
Here’s John Howard on Four Corners in August 2006 - the program Margo is presumably talking about:
I accept that climate change is a challenge. I accept the broad theory about global warming.
As much as I’d love to include Howard in our denialist club, those sort of comments don’t really go down so well when we’re gathered around the old CO2 generator. Margo continues:
The Labor plan of having special savings accounts is more responsible than the Liberal plan, but basically both plans are about subsidising people to buy existing homes, which just adds to the cost of those homes. It’s not addressing the real issue which is the asset bubble. Obviously it’s very difficult to address the asset bubble, which means that even though interest rates are lower than under Hawke-Keating, people are spending a higher proportion of their income on them. If you start addressing the asset bubble then you’ve got a whole group of people in marginal seats who see their only wealth-producing asset go downhill. So it’s a terrible problem. The way to do it, of course, is to put more funding into public housing. Government expenditure on public housing has gone down by 30% under this government, rents are out of control. Obviously we need - this is where climate change - I’m just so disappointed with both parties in climate change. Climate change is across all policy now. It has to be integrated. You’ve got to have the Treasurer and the Environment Minister in the same room in the expenditure review committee. We’ve got to have ...
That’s Margo Kingston - the woman who blew $44,000 in 108 days running a blog - advising major parties on fiscal policy.
I keep hearing about Aussie mortgage interest rates, but don’t understand how they are arrived at. Does everybody have an adjustable mortgage and the governmant sets the rate?
Posted by Some0Seppo on 2007 11 23 at 11:51 AM • permalinkObviously we need - this is where climate change - I’m just so disappointed with both parties in climate change. Climate change is across all policy now. It has to be integrated. You’ve got to have the Treasurer and the Environment Minister in the same room in the expenditure review committee. We’ve got to have ...
This is where Margo Kingston breaks down into total incoherence. What is she trying to say?
And what’s the deal with pushing people into public housing? (I’m assuming I understand what public housing is in Australia.) People want their own homes, not warehousing belonging to the government. Why is it so hard for lefties to understand that?
Thanks, Ash_. From the wailing a gnashing of teeth that I’ve read over the years it sounded like if the mortgage interest rate went up the entire country had to pay more for their homes. Now I see they were just blaming Bush.
Posted by Some0Seppo on 2007 11 23 at 12:09 PM • permalink#8 Dave S.
Voting starts at 8am Eastern Summer Time today.
Don’t know how that coresponds with your time, but it’s 11 hours+ Greenwich mean time at present due to daylight saving.
ABC will be excruciating coverage from 6pm Australian East Coast Summer Time when polls close on the pacific coast. Polls will close on the west coast two hours later, 8pm East Coast Summer time.
We will be looking also at Fox, CNN and the results of our son’s latest yacht race.
#12 - Anyone living on CET like me can wake up at 8am for the close of the east coast polls and (hopefully) celebrate a surprise victory by the Coalition with champagne for lunch.
Posted by Villeurbanne on 2007 11 23 at 12:23 PM • permalink“The rate is set by the Reserve Bank, which is independent of the Government.”
Actually, the Reserve Bank is wholly owned by the government of Australia.
Posted by Dave Surls on 2007 11 23 at 12:28 PM • permalink#1: the nagger in the woodpile
No mere words can express my admiration for the genius of this phrase. Egg, please accept this 20% discount coupon which can be used on any of the fine Paco products available in our inventory. Might I suggest something dignified and tasteful like the Poultry Accelerator Combat Ordnance?
That’s Margo Kingston - the woman who blew $44,000 in 108 days running a blog - advising major parties on fiscal policy.
Well, actually, that pretty well describes the left’s handling of finances, whether they’re personal or that of the government. For them it’s all about appearances, appearing to be doing the right thing whether or not good results occur. Form over substance. Whereas for the right, it’s substance over form, screwing the photo ops with giving coats to small minority children, in pursuit of actually making minority families better and happier on a continuous basis.
Posted by wronwright on 2007 11 23 at 12:53 PM • permalinkWell, crikey! Here’s hoping Howard pulls it out. An Australia under the Ubermommy-like thumb of the Chardonnay Left is too horrid a concept to bear. I have visions (fever dreams, really) of Margo directing the extermination of those who don’t kow-tow to the drooling idjits.
It’s enough to put you off your feed, really it is.
Methinks that Margo Kingston doth drink too much.
Posted by Jack Lacton on 2007 11 23 at 03:21 PM • permalinkMarog is great for policy making.
Just look at what she advocates, then do the opposite.
Posted by mr creosote on 2007 11 23 at 04:12 PM • permalinkAdvice from Margo on handling finances makes as much sense as a lecture from the Pope on improving your bedroom technique.
Posted by SwinishCapitalist on 2007 11 23 at 04:38 PM • permalink#22 For Dave S and others (including myself) who have trouble with time zone calculations: This World Clock is almost commercial-free and simple to use.
Just remember that Sydney, Melbourne and Hobart fiddle with their clocks and are on summer time, but Brisbane ain’t.Can the Nobel Prize in economics be far behind?
Posted by Mystery Meat on 2007 11 23 at 05:23 PM • permalinkSo correct me if I’m wrong here, but Margo wants the Govt to take my money and use it to buy/build masses of public housing in an attempt to devalue my home?
What exactly is in it for me?
Posted by Harry Buttle on 2007 11 23 at 05:34 PM • permalink[Leftist Rant]
#40! Harry! How dare you?! Don’t you know that we need public housing to help the less fortunate?! Those who refuse to help themselves? Those our hero Rudd will help when he gets elected?!
[/Leftist Rant]
Ash is now laying on the floor, alternating between sobbing that she can pretend to be left, and laughing hysterically at what they believe.
$44000? Margo’s in good company. The Green Left Weekly “newspaper” had to be bailed out to the tune of $100000. Unfortunately. I was rather dismayed to almost run into some of the unwashed flogging that rag in a mall the other day. My exact wording was “Oh, fuck!!”, IIRC.
Posted by AlburyShifton on 2007 11 23 at 07:29 PM • permalink
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Margo Kingston - the nagger in the woodpile ...