Australia stimulus: Wildly successful. Yet another victory for Keynesian economists

[lothar]

Show me how Australia did a "Bush" stimulus. That's literally the 2nd most retarded thing anyone has said in this thread (right after Amused's posts)

You might want to read RocketsteadyDotNet's post that I quoted.
What he described(which I quoted as well) was Bush stimulus.
http://forums.anandtech.com/showpost.php?p=30732115&postcount=118
In case you have problems finding it, read the link.

China, India, Australia, South Korea and Saudi Arabia were the only G-20 countries that experienced positive GDP growth.
According to you, every other country didn't do enough stimulus.

 

[lothar]

LOL.

Australia is not an 'emerging' economy idiot.

Oops, I was trying to look at this IMF chart and interpreted it wrong.
http://www.imf.org/external/datamapper/index.php

However, the rest of my point still stands and has yet to be disputed.

 

[RocksteadyDotNet]

Oops, I was trying to look at this IMF chart and interpreted it wrong.
http://www.imf.org/external/datamapper/index.php

However, the rest of my point still stands and has yet to be disputed.

How in the world could you think Australia is an emerging economy?

Did you go to school?

That's like me going, "Oh, I thought China was a democracy. Easy mistake to make."

Err, no.

 

[lothar]

How in the world could you think Australia is an emerging economy?

Did you go to school?

That's like me going, "Oh, I thought China was a democracy. Easy mistake to make."

Err, no.

I assume you can't dispute the rest of my points then?

 

[RocksteadyDotNet]

I assume you can't dispute the rest of my points then?

I wasn't aware I was involved in the argument going on in this thread.

I'm just here to give neutral information on Australia.

 

[lothar]

I wasn't aware I was involved in the argument going on in this thread.

I'm just here to give neutral information on Australia.

The OP created this thread making the argument that US stimulus was "too small".
I completely disproved his assertions if he was comparing it to Australian stimulus or the majority of Europe, Canada, and G-20 nations stimulus.

Since you are giving information on Australia, can you also answer some info on Australia's compulsory voting law?
Join us in the thread.
http://forums.anandtech.com/showthread.php?t=2118337

 

[RocksteadyDotNet]

The OP created this thread making the argument that US stimulus was "too small".
I completely disproved his assertions if he was comparing it to Australian stimulus or the majority of Europe, Canada, and G-20 nations stimulus.

Since you are giving information on Australia, can you also answer some info on Australia's compulsory voting law?
Join us in the thread.
http://forums.anandtech.com/showthread.php?t=2118337

You can't compare apples and oranges, so no one has won in this thread.

You can never say what WOULD have happened if you did things differently. Maybe more stimulus would have helped the US, maybe not.

What do you want to know about compulsary voting?

 

[lothar]

You can't compare apples and oranges, so no one has won in this thread.

You can never say what WOULD have happened if you did things differently. Maybe more stimulus would have helped the US, maybe not.

What do you want to know about compulsary voting?

Comparing stimulus as a % share of GDP is apples to apples.
It's not like I was comparing absolute numbers of $1 trillion in stimulus compared to $40 billion or something.
Comparing on a percentage basis rather than absolute numbers removes the kinks and oranges from the equation.

Your 2nd paragraph is certainly true. If they can't give me any concrete evidence that additional stimulus would have helped, don't waste money period. It's mainly up to the government to prove that the programs they are implementing will help the general population, not up to the citizens to disprove the government's assertions.

 

[RocksteadyDotNet]

Comparing stimulus as a % share of GDP is apples to apples.
It's not like I was comparing absolute numbers of $1 trillion in stimulus compared to $40 billion or something.
Comparing on a percentage basis rather than absolute numbers removes the kinks and oranges from the equation.

Your 2nd paragraph is certainly true. If they can't give me any concrete evidence that additional stimulus would have helped, don't waste money period. It's mainly up to the government to prove that the programs they are implementing will help the general population, not up to the citizens to disprove the government's assertions.

I mean you cant compare completely different economys.

Australia was fuckin flyin before the downturn. The US wasnt. Your housing bubble had burst, ours hasn't.

You cant compare to the German stimulus because they're an export economy.

Etc, etc.

 

[lothar]

I mean you cant compare completely different economys.

Australia was fuckin flyin before the downturn. The US wasnt. Your housing bubble had burst, ours hasn't.

You cant compare to the German stimulus because they're an export economy.

Etc, etc.

So why then did the OP start this thread by comparing Australian stimulus to US stimulus?
I know you won't be able to answer and can't speak for the OP so we'll see if he responds.

It's 1:29AM here and I'm retiring to bed.

 

[gingermeggs]

Over a year ago, i posted a story about Australia's stimulus

http://forums.anandtech.com/showthread.php?t=303111&highlight=australia

There were some doubters though:



Well, Mr doubter, here's you're reality:

http://petermartin.blogspot.com/2010/08/lets-see-those-stimulus-measures-did.html



One of the big ironies is that Obama's stimulus was watered down in order to 'reach across the aisle' with the GOP. Not only did Obama put forth a stimulus package that was way too small, but he included too many tax cuts into the stimulus, and as I had shown in previous threads, tax cuts have a much smaller GDP multiplier than spending increases.

Australia's stimulus program was wildly successful and they're one of the few advanced economies to really avoid the economic malaise that most other advanced economies have suffered.

edit:

The GDP Multiplier of spending increases vs. tax decreases, learn it and love it:

So successful, that the prime minister got the sack from his own party while still in government!
$500,000- 10sq meter school tuck shop is great stimulus.
Lets not even talk about pink batts or hospitals funding.
A drover's dog could run this very wealthy, corrupted shithole!

 

[lothar]

So successful, that the prime minister got the sack from his own party while still in government!
$500,000- 10sq meter school tuck shop is great stimulus.
Lets not even talk about pink batts or hospitals funding.
A drover's dog could run this very wealthy, corrupted shithole!

Are you from Australia?
It's interesting that a Prime Minister that has 70+% popularity rating among the people in Australia was sacked by his own party for being against his party on a single issue, the mining tax.

 

[RocksteadyDotNet]

So successful, that the prime minister got the sack from his own party while still in government!
$500,000- 10sq meter school tuck shop is great stimulus.
Lets not even talk about pink batts or hospitals funding.
A drover's dog could run this very wealthy, corrupted shithole!

Lul wat.

Corruption?

http://en.wikipedia.org/wiki/Corruption_Perceptions_Index

 

[RocksteadyDotNet]

Are you from Australia?
It's interesting that a Prime Minister that has 70+% popularity rating among the people in Australia was sacked by his own party for being against his party on a single issue, the mining tax.

His popularity was way below 70% when he got kicked.

It wasn't just the mining tax, it was boat people too. He change the laws to treat refugees a bit better, and that pissed a lot of people off.

We didn't become one of the best countries in the world by letting in poor brown people!

But, yeah, Aussies go kind crazy about refugees who arrive in boats.