Comments on: Keating nails it – except for the problem of financial churn http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/ now with extra source Sun, 22 Nov 2009 04:36:07 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Kevin Charles Herbert http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11556 Kevin Charles Herbert Thu, 01 Jan 1970 10:00:00 +0000 #comment-11556 Typos aside, tell me who you'd like to have representing you on the global stage........PJK cuts it 4 me......the utliimate socialist...... Typos aside, tell me who you’d like to have representing you on the global stage……..PJK cuts it 4 me……the utliimate socialist……

]]> By: Kevin Charles Herbert http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11557 Kevin Charles Herbert Thu, 01 Jan 1970 10:00:00 +0000 #comment-11557 <br /><br />In my ever so humble opinion, Keating MUST BE Australia First President...... In my ever so humble opinion, Keating MUST BE Australia First President……

]]> By: Ben Shah http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11558 Ben Shah Thu, 01 Jan 1970 10:00:00 +0000 #comment-11558 Reading David Loves book on Keating you can almost get caught up in the narrative of little Australia as the banking Hub of Asia. Like this article points out, as does Love in the book, the wealth of the common man, for all Keating's desire to see the worker participate in capital formation, went the way of Macquarie bank et al to finance the purchase of state assets and construct PPPs. However Love sees this as a remarkable acheivement and he's right. I mean what a bunch of collective fools the plebs are. Its one thing to deny the labour theory of value and pull that off. Its another to take their savings and then use it to build infrastructure you then go ahead and charge them to use, all the while paying the top executives $50 million a year. What stooges, as if a bureaucracy could not have done it for less and without the nauseatingly excessive paychecks. How many days left on that ban on short selling? Reading David Loves book on Keating you can almost get caught up in the narrative of little Australia as the banking Hub of Asia. Like this article points out, as does Love in the book, the wealth of the common man, for all Keating’s desire to see the worker participate in capital formation, went the way of Macquarie bank et al to finance the purchase of state assets and construct PPPs. However Love sees this as a remarkable acheivement and he’s right. I mean what a bunch of collective fools the plebs are. Its one thing to deny the labour theory of value and pull that off. Its another to take their savings and then use it to build infrastructure you then go ahead and charge them to use, all the while paying the top executives $50 million a year. What stooges, as if a bureaucracy could not have done it for less and without the nauseatingly excessive paychecks. How many days left on that ban on short selling?

]]> By: Ben Aveling http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11559 Ben Aveling Thu, 01 Jan 1970 10:00:00 +0000 #comment-11559 Australians may have $1 trillion in debt and $1 trillion in super, but they aren't spread evenly. Australians may have $1 trillion in debt and $1 trillion in super, but they aren’t spread evenly.

]]> By: John Goldbaum http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11560 John Goldbaum Thu, 01 Jan 1970 10:00:00 +0000 #comment-11560 And Peter Costello could be his aide-de-high-camp. And Peter Costello could be his aide-de-high-camp.

]]> By: JamesK http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11561 JamesK Thu, 01 Jan 1970 10:00:00 +0000 #comment-11561 Paul Keating..... a socialist? What share power with "unrepresentative swill"?<br /><br />Many people dislike Keating intensely. I admire him. I doubt he would ever agree to be an unelected President. And he is certainly no socialist. <br /><br />Leigh Sales did an excellent job and asked him good questions that allowed him develop good arguments.<br /><br />He has a massive ego.....not altogether unwarranted but in the end it does not necessarily serve him well. Paul Keating….. a socialist? What share power with “unrepresentative swill”?

Many people dislike Keating intensely. I admire him. I doubt he would ever agree to be an unelected President. And he is certainly no socialist.

Leigh Sales did an excellent job and asked him good questions that allowed him develop good arguments.

He has a massive ego…..not altogether unwarranted but in the end it does not necessarily serve him well.

]]> By: John Goldbaum http://www.crikey.com.au/2008/10/02/keating-nails-it-except-for-the-problem-of-financial-churn/#comment-11562 John Goldbaum Thu, 01 Jan 1970 10:00:00 +0000 #comment-11562 Peter Costello is still in denial about the "horror stories [emerging] from his tax changes that encouraged debt-funded super contributions". He claimed this week that he "look[s] at superannuation as a 40-year investment". If that is what he really thought, why did he encourage people over 60 years of age to top up with up to one million dollars? Most of them will be dead in less than 40 years.<br /> Peter Costello is still in denial about the “horror stories [emerging] from his tax changes that encouraged debt-funded super contributions”. He claimed this week that he “look[s] at superannuation as a 40-year investment”. If that is what he really thought, why did he encourage people over 60 years of age to top up with up to one million dollars? Most of them will be dead in less than 40 years.

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