howard telling porkies on interest rates, page-3

from the net - always a good place to dig up interesting information

Howard didn't pull the interest rate back. When he got into power, the interest rate was on its way down anyway. The reason??? Supply of cheaper goods from China, which keeps the inflation low.

However, the cheaper consumer goods also made everyone not think twice when they buy something, therefore after 10 years of good time, we are starting to be punished by it.

John Howard did his fair share of pushing up the housing prices and lowering tariffs etc to make inflation going up. He is a very bad economic manager, who has no vision for the future at all.
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mmm - so it seems that the lower inflation in australia in the last few years, has been aided by cheap imports from china - where they work for one or two dollars per day (none of those pesky unions)

the worry for australians is, is that the liberals have not had any experience in pulling interest rates down (as they inherited downward trending interest rates) - whereas labor had to get the high interests rates that they inherited from howard - also it seems that back in the early 90's labor also got interest rates down - and faster than in other countries (high interest rates a world wide thing)

funny, how interest rates which are going up, are now the fault of external factors, according to howard. using the same logic, when they went up under labor, it was also external factors.

anyway, sure has watso confused, as now interest rates are on the way down in the united states, and are now going up here.

of more concern to watso, is that the price of a bottle of invalid port, will probably have to increase, as the drought has wiped out the wine glut