The Australian Federal Election Results Are In

Yesterday - Saturday November 24 - Australian had its Federal Election.

In 2004 I wrote that... the GOP would lose the house and senate and then, due to the real estate collapse brought about due to Clinton/Greenspan monetary policy lag, the presidency. Also that the Leftist Labor Party would win the 2007 election in Australia.

So far, everything I predicted has come to pass. And only 2008 remains to see how right my 2004 predictions turn out to be.

The Swing that got the Labor Party into power is around 6%. In politics, this is massive. So massive that my next prediction is simply this... we will have a Labor Government in power in Australia for at Least 2 terms. For the voters tend Not to swing so wildly back and forth and it would take two elections to swing back the other way.

Australia now has wall-to-wall Labor government - each state is also run by Labor. The 2IC is a confirmed socialist. And the vast majority of the new Ministry is made from trade unionists.

Apart from wild spending to come, which will add to inflation and bring about interest rate hikes as an excuse to curb it, nothing else will change much (if you call, screwing an economy with wild feelgood government spending "nothing much").

Oh well. The people get the government they elect - no matter which side of the political spectrum you reside on. And, oddly, they have decided to vote out the party that resided in office while interest rates were at their lowest, the economy boomed and unemployment has been its lowest in decades. Go figure.

The one thing I do puzzle over though, is the Swing voter. The voter who one election is for more collectivist ideals and the next is for more free market ideals, only to change their mind again at the election after that.

Anyway. As for the US elections, I'll make some other predictions...

If Ron Paul gets the republican nomination, he will become president. If he doesn't there is a 50/50 change of the GOP winning/losing if Hillary is the Dem nomination due to Hillary's polarizing effect but will lose if Obama is the Dem nomination as, like Lieberman before, he is liked by people on both sides. 2008 will reveal how close I am on this one.

Michael Ross

God I hope Ron Paul gets elected in the US. He is the only candidate that makes any sense. He has my vote.

Sad to hear about the socialist win in Oz.

I'm also hoping for Ron Paul. I had resigned myself to thinking he had no shot. Now the momentum seems to be building.

Originally Posted by Bill

I'm also hoping for Ron Paul. I had resigned myself to thinking he had no shot. Now the momentum seems to be building.

D.A for president

Ron Paul on Leno http://www.youtube.com/watch?v=9LZyHoAPL3M

Michael Ross

[Ankesh]

Originally Posted by MichaelRoss

Anyway. As for the US elections, I'll make some other predictions...

If Ron Paul gets the republican nomination, he will become president. If he doesn't there is a 50/50 change of the GOP winning/losing if Hillary is the Dem nomination due to Hillary's polarizing effect but will lose if Obama is the Dem nomination as, like Lieberman before, he is liked by people on both sides. 2008 will reveal how close I am on this one.

Michael Ross

Thanks Michael.

I have a feeling - the next US president will be John Edwards.

Democrats will play it safe - and go with him instead of Obama and Hillary. Even though he isn't leading in the polls right now.

Thats my guess - Edwards / Clinton winning it.

The good news about the Aussie socialist win is that the Aussies will pull
out of the Iraq "coalition." The Chinese economy is expanding 10%/year while the American economy is limping along, exporting jobs overseas.

You don't see BRIC (Brazil, Russia, India, China) countries wasting their money on war.

====================
http://timesofindia.indiatimes.com/E...ow/2579480.cms

" Rudd lost no time in letting the world know what to expect from his government. Immediately after the results were out, he committed to pulling combat troops out of Iraq and making Australia a signatory of the Kyoto Protocol. He has also said that he would apologise to indigenous Aborigines on behalf of the nation for past injustices. While this would have gladdened the hearts of his political constituency at home and fellow travellers globally, one man - George Bush - is sure to have received the pronouncements with little cheer. Australia - under the stewardship of Howard - has been a staunch ally of America, aiding the latter in its enterprises, especially in Iraq. Bush, who puts much emphasis on personal equations in foreign policy initiatives, shared a more than warm relationship with Howard. They both subscribe to a socially conservative philosophy and a common outlook on terrorism. In him, the American president found a buddy who would do his bidding, much like Tony Blair.

It must be discomfiting for Bush to lose two comrades-in-arms in quick succession. Prime Minister Brown has subtly, but pointedly, put across the message that Britain values America as an ally but he is not going to be Bush's yes-man. It is early yet to speculate about Aussie-American equations but it is quite clear that Canberra's support for Washington's projects will be qualified under the Labour regime. "

Stewart,

Thanks for pasting that paragraph.

making Australia a signatory of the Kyoto Protocol

... and thus justify any Restrictive Policies he puts out to gain more Control over people, or increase taxes.

he would apologise to indigenous Aborigines on behalf of the nation for past injustices

Just what the Abo's want. Once the apology has been given it will be seen as an Admission of Guilt and then watch all the lawsuits for wrongdoings from so-called Abo's with only one 16th of Abo in them.

Back in the 70's there was a Census. One question on the census asks if you are of Aboriginal or Torres Straight Islander decent. In the state of Tasmania only 600 people said they were. Then along came the Labor Party and decided all Abos were now entitled to "sit down money" (their own term for it) and other handouts - making it profitable to be an Abo. At the next census, instead of 600 people from that state saying they were Abo, now 16,000 people from that state said they were Abo. The only thing that changed was that it became profitable to be an Abo.

the Aussies will pull out of the Iraq "coalition.

All politicians are liars and will say whatever it takes to get the vote or to get people on side. It's easy to Say he will pull out. But it could easily be more like... We will pull out (small print: as soon as our duties have been fulfilled.) Thus appeasing both sides. And still no firm date. Believe this one when you see it.

Michael Ross