The Turnbull Government

[dutchie]

from Bill Leak, The Australian

 

[SirRumpole]

Here we go again....How much has the government got invested in CSG?...What do you expect?..Rumpy we have been through all this before with Qatar...You have a very short memory.

You just don't get it that we OWN the stuff and we are letting people take it away for no return to us. That's just stupid.

Yes you are right for once, the general infrastructure is falling apart thanks to the Green/Labor left wing socialists coalition blowing up coal fired power stations in Victoria and South Australia....Making power so expensive and unreliable....Creating loss of jobs and heartache for business in SA....Power prices are expected to rise 10% in Victoria and SA in January causing more pain for the struggling pensioners and house holds.

Kennet sold Hazelwood and the commercial owners flogged it for maximum profit and didn't maintain it, so the inevitable has happened.

 

[Tisme]

Things aren't looking good for the govt's economic credentials.

Using the same logic Howard/Costello used to beat their chests as economic managers on the back of seling our assets and a Keating incubated mining boom/open doors to China, Turnbull/Morrison should take the cudos for starting us down a slippery slope of negative growth.

You wouldn't want to be West Australian if the negative growth rate continues.

Why would there be 3 years of continuous private investment contraction when the LNP is supposed to be business friendly?

Why is the govt reducing spending when all other sectors are reducing?

Wayne Swan been consulted?

 

[moXJO]

Why would there be 3 years of continuous private investment contraction when the LNP is supposed to be business friendly?

Why is the govt reducing spending when all other sectors are reducing?

Wayne Swan been consulted?

Is it time we had a recession ?
We have had non stop growth and prices and attitudes reflect that. I think the worse thing labor did was overspend during the gfc. We were in a decent position back then.

Prices are too high in this country. Grocery bills, rego, housing, rates, power, we must be close to peak pricing. There needs to be a reset. It can't keep going up and up. Public service lives in a fricking fantasy land with their pricing as well.

Imo retailers will have a hard time as people cut back.

 

[SirRumpole]

Imo retailers will have a hard time as people cut back.

Which is why is pretty pointless just cutting business taxes. If the consumers aren't spending, business doesn't make money.

Better to cut low and middle income taxes and get people spending which is going to increase business profits and increase tax receipts from GST and business tax.

Consumers run the economy and they are not spending right now because as you pointed out government charges and taxes are rising which eats away at discretionary spending ability.

 

[Tisme]

Is it time we had a recession ?
We have had non stop growth and prices and attitudes reflect that. I think the worse thing labor did was overspend during the gfc. We were in a decent position back then.

Prices are too high in this country. Grocery bills, rego, housing, rates, power, we must be close to peak pricing. There needs to be a reset. It can't keep going up and up. Public service lives in a fricking fantasy land with their pricing as well.

Imo retailers will have a hard time as people cut back.

We'll never know if Labor got it right or not, but sure as s4it the Murdoch press will keep wringing it out for every last drop and the LNP rusted ons will keep lapping it up.

What is more important is what the governance is not what was promised. This govt has had one and a half terms to fulfill the story they invented about being good economic managers and able to turn a favourable debt payment outcome, all based on the same figures from finance and treasury as the Labor Party had.

Instead the bleed has increased and no apparent gain to the man on the street. I would hazzard a guess and say the man on the Bondi tram is doing it tougher than the Murdoch Govt is letting on.

 

[noco]

You just don't get it that we OWN the stuff and we are letting people take it away for no return to us. That's just stupid.



Kennet sold Hazelwood and the commercial owners flogged it for maximum profit and didn't maintain it, so the inevitable has happened.

I am sorry to say Rumpy but you are the one that does not get it.......Have you heard of a thing called royalties?
Have you heard of a thing called income tax?......That is what we get for no monies out laid....Private enterprise are the ones who have sunk in the infrastructure money and they are the ones who would expect a return.

From your past history of conversations you don't seem to understand how a business operates...I will ask you but I don't expect a sensible answer, have you ever owned a business?...Have you ever managed a business?..Or were you a public servant......If it were the two former ones then you should have some knowledge of how business works......Whether you like it or not, we live in a capitalist world where profits on funds invested are essential to stay in business........If you live in a socialist world where central control is their ideology, then you may be happy for a communist dictatorial government to take all.

Regarding Hazalwood power station and the coal fired power station in SA, why has the emphasis been placed on both state premiers for them closing these base load power stations......Jay Wetherill willing pressed the button to fell one of the chimney stacks....Both Premiers were as happy as larks...Gotta have more renewables they said
and look where it has them today....more blackouts.....more jobs lost......less business investment.

Do you see it now or do I have to send you another message in braille ?

 

[noco]

We'll never know if Labor got it right or not, but sure as s4it the Murdoch press will keep wringing it out for every last drop and the LNP rusted ons will keep lapping it up.

What is more important is what the governance is not what was promised. This govt has had one and a half terms to fulfill the story they invented about being good economic managers and able to turn a favourable debt payment outcome, all based on the same figures from finance and treasury as the Labor Party had.

Instead the bleed has increased and no apparent gain to the man on the street. I would hazzard a guess and say the man on the Bondi tram is doing it tougher than the Murdoch Govt is letting on.

I am confident in saying, things would have been far worse under Labor....Their history says it all.

 

[Tisme]

I am confident in saying, things would have been far worse under Labor....Their history says it all.

I'm no fan of Labor (Rumpole will attest to that), nor the LNP, but I'm not convinced we would have weathered the fallout without the massive pump priming. That is not to say there weren't programs that I disapprove of, but it's fairly obvious the monies are still washing through the system if investment has been going backwards, but the gdp growth has only just started to slow down.

We don't have a manufacturing industry to buffer us and essentially we are a services based economy, which means we don't have any inertia to carry us through large dips and peaks. Howard had already sold off the farm to make a large deposit into the public service super so we couldn't mortgage that.

Anyone who think ~$20b would have solved our problems is naive...... it would have evaporated in the wink of an eye as the unemployment sky rocketted.


Insofar as royalties, that is one of the major furphies that simpletons in News Corp like to bandy. The "boom" to the economy was the construction phase of the resource sector and all the feeder industries that value added. Those miners are now using the otherwise build costs and margins to pay down their debt as the gap between gross profit and nett profit closes. The royalties are a fairly negligible part of the $1.6 trillion economy

 

[explod]

This Government is becoming totally out of touch and inhuman in my view:

http://the-pen.co/government-threatens-welfare-recipients-jail/

“It is appalling that the minister for human services is telling people on the lowest incomes three weeks before Christmas that if they have a debt with Centrelink they may go to prison,” Goldie said.

“This is false, highly irresponsible and risks causing a huge amount of unnecessary stress and anxiety amongst people who are already doing it tough.

“We are not a police state and people should not be made to feel like they are doing the wrong thing by claiming a social security payment.”

Centrelink is notorious for its high rate of errors and it is wrong that the recipient is made to pay the price, when they have done nothing wrong. When someone is already living in the margin, being asked to pay a debt that is not your fault can be devastating. No one else could get away with treating people this way.

It’s about time for a little bit of humanity. Humanity is not exactly the flavor of the month with the Turnbull government. It would rather go around peddling narrow self-interest and disregards for others.

The poorest and most vulnerable in our community seem to be regarded as nothing more than economic inputs, to be shaped as a cheap source of labour, to fill the pockets of the government’s rich mates.

Tied up to this is the politics of hate. We cannot accept it, because if it continues, it will bring us all down.

 

[SirRumpole]

I'm no fan of Labor (Rumpole will attest to that), nor the LNP, but I'm not convinced we would have weathered the fallout without the massive pump priming. That is not to say there weren't programs that I disapprove of, but it's fairly obvious the monies are still washing through the system if investment has been going backwards, but the gdp growth has only just started to slow down.

We don't have a manufacturing industry to buffer us and essentially we are a services based economy, which means we don't have any inertia to carry us through large dips and peaks. Howard had already sold off the farm to make a large deposit into the public service super so we couldn't mortgage that.

Anyone who think ~$20b would have solved our problems is naive...... it would have evaporated in the wink of an eye as the unemployment sky rocketted.


Insofar as royalties, that is one of the major furphies that simpletons in News Corp like to bandy. The "boom" to the economy was the construction phase of the resource sector and all the feeder industries that value added. Those miners are now using the otherwise build costs and margins to pay down their debt as the gap between gross profit and nett profit closes. The royalties are a fairly negligible part of the $1.6 trillion economy

Excellent post.

I'm no great fan of Labor either, I just think they are the least worst option of the majors. The LNP are so business oriented that they forget about the consumers without whose spending power the economy would not exist.

Trickle down economics is bs. Spending drives the economy, investment comes later to satisfy demand.

 

[noco]

Excellent post.

I'm no great fan of Labor either, I just think they are the least worst option of the majors. The LNP are so business oriented that they forget about the consumers without whose spending power the economy would not exist.

Trickle down economics is bs. Spending drives the economy, investment comes later to satisfy demand.

You, Tisme and Plod are no great fans of Labor but you are quite willing to give them your preference votes after the Greens......We all know the Greens jump into bed with Labor......It is a sort of a love/hate relationship.....I hate you but I can not do without you....I cannot live with you and I cannot live without you.

 

[Tisme]

You, Tisme and Plod are no great fans of Labor but you are quite willing to give them your preference votes after the Greens......We all know the Greens jump into bed with Labor......It is a sort of a love/hate relationship.....I hate you but I can not do without you....I cannot live with you and I cannot live without you.

More trolling and no substance to boot. For a prima donna who impertinently tells people to grow up, you seem more than predisposed to sook and snot when your precious Liberal Party is exposed for the fraud it is.....how does that not equate to pot calling shiney kettle black?

If you are going to play venerable grown up telling us kiddies how it is, you could at the very least give credit where credit is due... it costs you nothing and the only people who will put the knife in are the drop kicks who are irrationally wedded to political tribe and jealous of those who say otherwise.

 

[noco]

More trolling and no substance to boot. For a prima donna who impertinently tells people to grow up, you seem more than predisposed to sook and snot when your precious Liberal Party is exposed for the fraud it is.....how does that not equate to pot calling shiney kettle black?

If you are going to play venerable grown up telling us kiddies how it is, you could at the very least give credit where credit is due... it costs you nothing and the only people who will put the knife in are the drop kicks who are irrationally wedded to political tribe and jealous of those who say otherwise.

Tisme, I can only give you the facts as many others see it.....There is a love /hate relationship between the Greens and Labor.......You cannot deny it.

When ever you disagree with me I am accused of trolling....Get over it for FFS.

I am not trolling.....That seems to be your latest ridicule MANTRA lately.

 

[sptrawler]

Excellent post.
The LNP are so business oriented that they forget about the consumers without whose spending power the economy would not exist.

How would the consumers have spending power, if they don't have a job?
If business doesn't prosper, they don't employ people, then you don't have consumers.

Just a lot of people on welfare, that the government has to borrow from overseas to fund, or screw anyone who has money to fund.

 

[sptrawler]

The royalties are a fairly negligible part of the $1.6 trillion economy

Which is the biggest tragedy of all, when the resource is gone, so are the miners.

Then who pays the welfare?

 

[sptrawler]

We'll never know if Labor got it right or not, but sure as s4it the Murdoch press will keep wringing it out for every last drop and the LNP rusted ons will keep lapping it up.

What is more important is what the governance is not what was promised. This govt has had one and a half terms to fulfill the story they invented about being good economic managers and able to turn a favourable debt payment outcome, all based on the same figures from finance and treasury as the Labor Party had.

Instead the bleed has increased and no apparent gain to the man on the street. I would hazzard a guess and say the man on the Bondi tram is doing it tougher than the Murdoch Govt is letting on.

Good old Conroy, champion of the aussie battler, has found a suitable position post politics.

http://www.smh.com.au/federal-polit...w-job--but-it-smells-bad-20161208-gt6to3.html

That's a Fairfax post, not Murdoch.

 

[SirRumpole]

How would the consumers have spending power, if they don't have a job?
If business doesn't prosper, they don't employ people, then you don't have consumers.

Just a lot of people on welfare, that the government has to borrow from overseas to fund, or screw anyone who has money to fund.

People on welfare still have to buy food, pay the rent, feed the electricity companies, buy clothes etc. They are still consumers so they are helping businesses stay in business.

In fact with ever expanding technology destroying more jobs we will have to get used to a bigger welfare state and we will have to tax business more to pay their consumers. No business is going to invest where there is no market.

 

[SirRumpole]

Good old Conroy, champion of the aussie battler, has found a suitable position post politics.

http://www.smh.com.au/federal-polit...w-job--but-it-smells-bad-20161208-gt6to3.html

That's a Fairfax post, not Murdoch.

F. the gambling industry. Bloodsucking leeches. Shame on Conroy and anyone else who signs up with them.

 

[noco]

People on welfare still have to buy food, pay the rent, feed the electricity companies, buy clothes etc. They are still consumers so they are helping businesses stay in business.

In fact with ever expanding technology destroying more jobs we will have to get used to a bigger welfare state and we will have to tax business more to pay their consumers. No business is going to invest where there is no market.

No business is going to invest in a country with higher taxes......Singapore and Honk Kong are at 17%...The USA will be lowering their tax rate next year....We are in a very competitive world when it comes to taxation......No No...higher taxes is not the way to go....Higher taxes = less investment and higher unemployment.

People on welfare spend less and do without a lot of things to make ends meet.

What we need is more Dudd $900 cheques like we received in 2008....Now what do you think of that idea?

https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates