Opinion Domestic Politics BF style

Remove this Banner Ad

Grave Danger said:
Click to expand...
I said to a mate when the Spiers stuff hit the fan that the SA state Liberals need Simon Birmingham or someone as talented as he is to lead the state Liberals as there is a dearth of talent at the state level. Then said but Birmingham wouldn't want to put up with the lack of talent and the ongoing shit fight between wets and drys in SA.

Looks like he is getting out of politics all together and is taking up a commercial job. Says it wont involve lobbying. I thought he was about 60 not 50. No paywall at the ABC site.

www.abc.net.au

Liberal senator Simon Birmingham to retire from politics at the next election

Opposition Senate leader Simon Birmingham has announced he will retire from politics after 17 years to move in a "commercially orientated" direction.
www.abc.net.au www.abc.net.au
 

Log in to remove this ad.

RussellEbertHandball said:
Thorpe's term end 30 June 2028. A lot more of her outbursts to come.
Click to expand...

It's quite incredible she can act in such a petulant and childish manner with little consequence.

If she acted like this in a private company she'd be sacked on the spot with cause.
 
Duckimus Prime said:
Pretty sure that the next Election for Simon Birmingham is actually 2028 as well...
Click to expand...
Yes 30 June 2028 thats why he actually isnt quitting until after the election, just in case the senate sits for a week or two in February.
 
Grave Danger said:
Been in the Senate for 17 years, so coming up to complete his third 6 year term?
Click to expand...
He was a replacement for someone who retired early, he wasnt intially elected to the senate.
 
Actually Birmingham replaced Jeannie Ferris in the senate after she died and he was appointed in May 2007. He had already won presection to be on the ticket for the November 2007 election. Ferris term ended 30 June 2008 and Birmingham won a spot in the November 2007 election so his first elected term started 1st July 2008.

The 2016 election Turnbull called, was a double disillusion election, so it was a full senate election and because he was in the top of the ticket, he got 6 years, not like half those elected who onlu got 3 years. He won another 6 year term in 2022.
 

(Log in to remove this ad.)

Grave Danger said:
He's in the last year of his current term though:


After an unsuccessful attempt to fill the vacancy created by Robert Hill's retirement from the Senate in 2006, Birmingham won Liberal Party preselection as a Senate candidate in 2007 federal election and was elected for a six-year term. However, he entered the Senate earlier, being appointed to fill the vacancy caused by the death of Senator Jeannie Ferris.
Click to expand...
Nope see my answer the previous post.
 
RussellEbertHandball said:
Actually Birmingham replaced Jeannie Ferris in the senate after she died and he was appointed in May 2007. He had already won presection to be on the ticket for the November 2007 election. Ferris term ended 30 June 2008 and Birmingham won a spot in the November 2007 election so his first elected term started 1st July 2008.

The 2016 election Turnbull called, was a double disillusion election, so it was a full senate election and because he was in the top of the ticket, he got 6 years, not like half those elected who onlu got 3 years. He won another 6 year term in 2022.
Click to expand...

Wishful thinking, but please Albo, call a DD election so that we can be rid of that Lidia Thorpe baggage.
 
Grave Danger said:
Wishful thinking, but please Albo, call a DD election so that we can be rid of that Lidia Thorpe baggage.
Click to expand...
Only needing about 7% to get a quota might mean one lunatic out and a few more in, especially getting that 12th and final senate spot in each state and how preferences flow.
 
Why interest rates are not coming down? Putting it in simple terms, it's because unemployment has not gone up enough. So if a rate cut does occur between now and the federal election, it will be reflective of the fact that more Australians would have lost their jobs, or the Reserve Bank thinks they will in the very near future.

With a Federal election coming in the first half of next year, the Albanese Government is caught in a political and economic Gordian knot.

And Dutton need do nothing more than keep doing what he does best - highlight failures and divisions as opposed to proposing solutions - to turn that knot into a noose.

 
Last edited:
Festerz said:
Why interest rates are not coming down? Putting it in simple terms, it's because unemployment has not gone up enough. So if a rate cut does occur between now and the federal election, it will be reflective of the fact that more Australians would have lost their jobs, or the Reserve Bank thinks they will in the very near future.

With a Federal election coming in the first half of next year, the Albanese Government is caught in a political and economic Gordian knot.

And Dutton need do nothing more than keep doing what he does best - highlight failures and divisions as opposed to proposing solutions - to turn that knot into a noose.

Click to expand...


Can't see interest rates dropping before the election as it stands.

RBA wants the trimmed value between 2 and 3% for a sustained period before rates are dropped. Not suddenly going to hit that spectrum and then see rates drop instantaneously.

Not sure if this will be what gets him, but if it does, it will be because the electorate are already at their tether and this was the straw that broke the camel's back.
 
Festerz said:
Why interest rates are not coming down? Putting it in simple terms, it's because unemployment has not gone up enough. So if a rate cut does occur between now and the federal election, it will be reflective of the fact that more Australians would have lost their jobs, or the Reserve Bank thinks they will in the very near future.

With a Federal election coming in the first half of next year, the Albanese Government is caught in a political and economic Gordian knot.

And Dutton need do nothing more than keep doing what he does best - highlight failures and divisions as opposed to proposing solutions - to turn that knot into a noose.

Click to expand...

RBA doesn't have a manufacturing industry to gut anymore by putting up interest rates 1%-1.5% at a time as its simple tool to drive up unemployment like previous recessions / high inflation periods.

Lots of low paid gig jobs, the fact we need to service so much stuff made O's, lots of services jobs vacanies that people don't want to do because they haven't been encouraged to take up, or don't like doing, so many people with huge mortgages, high immigration etc, means we spend 6 months fretting about a 1/4% increase or decrease in interest rates, but nothing happens.
 
Chewy316 said:
Can't see interest rates dropping before the election as it stands.

RBA wants the trimmed value between 2 and 3% for a sustained period before rates are dropped. Not suddenly going to hit that spectrum and then see rates drop instantaneously.

Not sure if this will be what gets him, but if it does, it will be because the electorate are already at their tether and this was the straw that broke the camel's back.
Click to expand...
Yes- as confirmed in the Reserve Bank minutes from their last meeting and the Governor's speech on Thursday:

“members would need to observe more than one good quarterly inflation outcome to be confident that such a decline in inflation was sustainable”

The RBA is also unhappy with the current unemployment rate of 4.1%, saying:

“the economy still exceeds supply and the labour market remains tight”

And made it clear that an unemployment rate of anything less than 4.5% puts pressure on wages and prices:

“… The labour market is expected to continue to ease gradually to be around full employment by late 2025” and its forecast unemployment rate for late 2025 is 4.5 per cent."

In other words, the RBA will not act to cut interest rates until the trimmed mean inflation falls to its target level of 2-3% AND the unemployment rate increases to 4.5% - which they don't see happening until the end of next year.

(for non economists, an unemployment rate of 4.5% equates to 680,000 Australians looking for work but unable to find it - this is what the RBA economists call the 'full employment level" at which inflation is not expected to accelerate )
 
Festerz said:
And made it clear that an unemployment rate of anything less than 4.5% puts pressure on wages and prices:

“… The labour market is expected to continue to ease gradually to be around full employment by late 2025” and its forecast unemployment rate for late 2025 is 4.5 per cent."

In other words, the RBA will not act to cut interest rates until the trimmed mean inflation falls to its target level of 2-3% AND the unemployment rate increases to 4.5% - which they don't see happening until the end of next year.

(for non economists, an unemployment rate of 4.5% equates to 680,000 Australians looking for work but unable to find it - this is what the RBA economists call the 'full employment level" at which inflation is not expected to accelerate )
Click to expand...
Labor market around "full employment" shows just how out of touch with reality the RBA is.

Considering, working an hour a week is considered employed by the unemployment statistics.
 
Mikey13G said:
Interest rates aren't high. The problem is the huge amount of mortgage debt people have. The big banks with the exception of the CBA aren't expecting a rate cut until May 2025. With the latest ABS retail figures growing by 0.6% in October the RBA will be happy not to cut rates.
Click to expand...


‘Mortgage debt’ - just how they like us (the system that is).
 

Remove this Banner Ad

Opinion Domestic Politics BF style

Similar threads

KrispyKremeMullanikka
  • Locked
US Election BF Style
21 22 23 24 25
Replies
604
Views
10K
TeeKray
TeeKray
GremioPower
Opinion Education BF-style
Replies
0
Views
370
GremioPower
GremioPower
W
Opinion Warren Tredrea - Court Case and Politics
4 5 6 7 8
Replies
183
Views
9K
PowerBaz
PowerBaz

Remove this Banner Ad

Back
Top