The Turnbull Government

[Tisme]

What would Michael Pascoe know about economics...he must be a fabianista:



See Video

"First of all, the BCA would have us believe there is an international shortage of capital, that there is a war for it, that it is being rationed and Australia will not get any unless we tax foreign companies less.

The reality is that there is no shortage of capital – the world is awash with money looking for investment opportunities. There is so much capital sloshing around that several trillion dollars are sitting in government bonds with negative yields, guaranteed to lose money held to maturity.

What there is a shortage of is investment opportunities offering both security and opportunity. Security and opportunity happen to be things that Australia has plenty of. Throw in a relatively well-educated and adaptable workforce, a growing multicultural population, handy geography and rich natural resources and it's why foreign money keeps pouring into this country. "Australia is seen as safe haven for investors'' as international institutions compete for our commercial buildings, never mind the very real war bidding up the value of any infrastructure we care to put up for sale."

 

[Tisme]

Tell me I'm wrong, but does Malcolm seem to have a spring in his step and revitalised Cheshire grin since the WA election?

He's like a man with the weight lifted from him.

 

[Tisme]

Josh Frydenberg is trying to own South Australia's and Australia's renewables right now on the ABC.

Apparently Jay Weatherill's "World's First Virtual Power Plant" is worth the Federal govt backtracking while also trying to take credit for it. One of the reporters just put it to Josh that this is rather awkard LOL.

I want Jay in Canberra, he is destroying Josh !!!!

 

[SirRumpole]

Josh Frydenberg is trying to own South Australia's and Australia's renewables right now on the ABC.

Apparently Jay Weatherill's "World's First Virtual Power Plant" is worth the Federal govt backtracking while also trying to take credit for it. One of the reporters just put it to Josh that this is rather awkard LOL.

Watching that now. It all started off luvvy duvvy, but Wetherill is now sticking the knife into Fridenburg well and truly.

 

[Tisme]

Watching that now. It all started off luvvy duvvy, but Wetherill is now sticking the knife into Fridenburg well and truly.

The stuff you only see a couple of times in a generation. I think the Libs just handed state govt to Labor for the next term.

A gutted Josh just blamed Labor, still waiting for Bill Shorten to be blamed.

Josh is dying in the 4rse, the voice is trembling he's gone and the reporters are onto it.

 

[Tisme]

Malcolm trying the fake news route

https://www.buzzfeed.com/markdistefano/malcolm-trumpbull?utm_term=.vedNoRM5L#.urAgRlLX0

 

[moXJO]

Malcolm trying the fake news route

https://www.buzzfeed.com/markdistefano/malcolm-trumpbull?utm_term=.vedNoRM5L#.urAgRlLX0

Fake news is correct.
Just because they costed the policy means stuff all. Journalist that go the step further and assume through personal bias should be shot.
Also the misdirection that media uses. We had the case of Trump not shaking Merks hand. Who gives a fck, anyone actually remember anything of substance from their talk? Or do we just look for circus moments now. The media is absolutely guilty of bad coverage, power trips and opinions dressed up as facts.

 

[Tisme]

http://www.smh.com.au/comment/a-fai...dium=Email&utm_campaign=Worm-Subscribe-210317

This demands Turnbull's replacement by the end of the year. Honourable members will use this fortnight's sittings to make subtle evaluations of likely contenders for the leadership. Nothing will be overt, no one's going to do anything silly, but the fix is in. That's because Turnbull won't be able to do anything to turn this horrible dynamic around – not without addressing the three central problems that have bedevilled every prime minister since the turn of the century.

 

[moXJO]

http://www.smh.com.au/comment/a-fai...dium=Email&utm_campaign=Worm-Subscribe-210317

A very good article.

 

[sptrawler]

http://www.smh.com.au/comment/a-fai...dium=Email&utm_campaign=Worm-Subscribe-210317

Good post Tisme.
Having Turnbull as the leader of the LNP, has only prolonged the agony Australia has to wear, the sooner an absolute landslide happens the better.IMO
This extended period of hung Parliaments, has to come to an end, it is just killing us slowly.

 

[Tisme]

Pollbludger questions Newscorp's 2% poll jump in LNP support after announcing a feasibility study in to Snowy upgrades:

"We are right now celebrating the fact that a feasibility study will be underway," Malcolm Turnbull

21 March 2017 The Essential Research fortnight rolling average result departs firmly from the Newspoll script in recording a two-point jump to Labor, who now lead the two-party preferred by 55-45. On the primary vote, the Coalition drops one to 34%, Labor is up one to 37%, One Nation is down one to 10% and the Greens are steady on 9%. Also from this survey:

https://blogs.crikey.com.au/pollbludger/2017/03/21/essential-research-55-45-labor/

 

[sptrawler]

Interesting move by the new Labor Premier of W.A, regarding the disproportionate allocation of GST.
Barnett jumped up and down about it for years, nobody backed him, great to see Mcgowan has now picked up the call.

http://www.abc.net.au/news/2017-03-...olm-turnbull-to-get-a-backbone-on-gst/8376598

 

[Tisme]

Interesting move by the new Labor Premier of W.A, regarding the disproportionate allocation of GST.
Barnett jumped up and down about it for years, nobody backed him, great to see Mcgowan has now picked up the call.

http://www.abc.net.au/news/2017-03-...olm-turnbull-to-get-a-backbone-on-gst/8376598

Pushing the traditional Wassie " them and us" buttons to please the masses or really going to do something?

You do know that Barnett caused that problem by trying to get more resource rent style money from miners and drillers, thinking no one would figure it in the GST equalisation formula? The Feds always punish impudent state premiers who think they are higher up the food chain than they are.

 

[Tisme]

I see the $50bn dollar company tax bill is coming up for the vote. I'm guessing the only gains from this will be better imputation concessions for overseas shareholders, the idea being to attract more foreign investment? Local shareholders will pay more income tax because the franking credits will be further away from the marginal tax rate?

 

[sptrawler]

Well I personally think it has worked, Labor and the media got Turnbull in the 'Big Chair', now he is thrashing around like a chook without a head.
Noco said it, I said it, all the sensible LNP supporters said it.
Why they got rid of Abbott, is beyond belief. They would have lost the election, but would have been re elected for an eternity.IMO
It's a shame Australia plays the short game, rather than the long view.

 

[Tisme]

First out of the gates now penalty rates have been penalised:

http://www.news.com.au/finance/bill...r/news-story/21bb2c176d529532929714bbfdd10ef6

 

[moXJO]

First out of the gates now penalty rates have been penalised:

http://www.news.com.au/finance/bill...r/news-story/21bb2c176d529532929714bbfdd10ef6

Asians and Indians are working for about $5 an hour in some industries. He should get out more.

 

[Tisme]

Asians and Indians are working for about $5 an hour in some industries. He should get out more.

Yes 711 will become the peak body of modern Australian industry and labour reform in a few short years.

Can only hope new arrivals will wake up to the reason their origins of poverty, deprivation, war, suppression, etc are because they didn't have the dolichocephalic headed Anglo/Nordic/Gaelic/Saxon founding fathers the true western nations have and need to have for continued industrious prosperity.

Unfortunately British secular law and parliamentarianism is being watered down in this and the other four centres of shangri-la civilisation (USA, Canada, UK and NZ) by self immolating do gooders (probably sectarian foreigners) in favour of the barbarians at the gate.

 

[SirRumpole]

dolichocephalic

We learn something new every day.

 

[luutzu]

Yes 711 will become the peak body of modern Australian industry and labour reform in a few short years.

Can only hope new arrivals will wake up to the reason their origins of poverty, deprivation, war, suppression, etc are because they didn't have the dolichocephalic headed Anglo/Nordic/Gaelic/Saxon founding fathers the true western nations have and need to have for continued industrious prosperity.

Unfortunately British secular law and parliamentarianism is being watered down in this and the other four centres of shangri-la civilisation (USA, Canada, UK and NZ) by self immolating do gooders (probably sectarian foreigners) in favour of the barbarians at the gate.

Oh, so it's the dolichocephalic head is it?

Most would have thought it's gunpowder and the willingness to use it that was the cause.