Australian (ASX) Stock Market Forum

The Turnbull Government

What the Turnbull government is afraid of telling us, and doesn't want to do anything about.
"From the head of the finance industry in Australia, you would say there are alarm bells. People just don't have enough discretionary income."

http://www.abc.net.au/news/2017-06-29/rba-governor-philip-lowe-goes-marxist/8662228
Yeah, funny that. Wage rises are effectively a thing of the past and it's costing the economy.

And yet people are still sooking about workers earning penalty rates.
 
Yeah, funny that. Wage rises are effectively a thing of the past and it's costing the economy.

And yet people are still sooking about workers earning penalty rates.

It's strange how we working slobs always tend to kick other working slobs.

Whatever happened to that tall poppy, punching up spirit?

Seems everything costs the economy. Everything except tax cuts to corporations, corporate welfare and more tax cuts to higher income earners.

What? You want a living wage; one that afford you both food and a home? How greedy are you mate? Gotta make sacrifices so we can give tax cuts and tax breaks and sell off public assets. Why privatise you ask? So entrepreneurs can price gouge your poor azz that's why.
 
It certainly has, because of the fact that politicians want the ethnic vote so they bring in more people from abroad when we can't give sufficient full time jobs to the people we have. Madness.

Politicians don't care for the votes. Since when does voting matters anyway? The 60s? Maybe early 70s?

They want to bring in foreign money because that's how you use the free market to steal money from poor countries. Then you also want to lure their rich's kids over for a proper education too. That way, the costs of educating a potential workforce is borne by those rich parents, not by the gov't lending HECS/HELP out to educate their own kids. You know, Aussies who have it so good they might go learn useless stuff like arts and social studies instead of business and accounting and management consulting.

Why would you want to raise, educate your own kids when you can just make a deal and lure almost matured foreign kids and foreign workers in.

If we're not careful, the next generation, and thereafter, of Aussies are going to be completely sold out by our current idiot financial managers masquerading as leaders and statesman.

US economist Michael Hudson said that when he was last in Australia giving some lecture, he had a discussion with some high priests at the RBA. The guy told Hudson that Australia is awesome, it doesn't need to invest in education, jobs and people because its natural resources are so abundant.

But what about the population? Don't they need to be educated and trained? Have job security?

We don't need 95% of them :xyxthumbs



Yea, we're stuffed. Don't blame it on foreigners.
 
It's strange how we working slobs always tend to kick other working slobs.

Whatever happened to that tall poppy, punching up spirit?

Seems everything costs the economy. Everything except tax cuts to corporations, corporate welfare and more tax cuts to higher income earners.

What? You want a living wage; one that afford you both food and a home? How greedy are you mate? Gotta make sacrifices so we can give tax cuts and tax breaks and sell off public assets. Why privatise you ask? So entrepreneurs can price gouge your poor azz that's why.
Perfect example of the above. 2014. We had a budget emergency, everyone had to play their part.

Us low income earners had to pay more tax despite being promised it wouldn't happen, we had to pay to see the doctor, we had to work until 70, we paid more tax on our super than on our wage. LOL

Oh yeah, and we had raid the kitty litter and tax our employers to pay for a gold-plated paid parental leave scheme for all those mama's doing it tough on the North Shore.

Thank gawd the budget emergency is now over. LOL
 
Malcolm Turnbull in political death spiral


THE words may have changed but the song remains the same: One year on from his disastrous cliffhanger election campaign, Malcolm Turnbull is being savaged on virtually every policy he produces.

Extraordinary data obtained by news.com.au reveals the Prime Minister, once the darling of the online world, is now so toxic that even his successes are overwhelmingly piled upon with scorn.

http://www.news.com.au/finance/work...l/news-story/54cb3c3ca387906978dac42786dde939
 
Malcolm Turnbull in political death spiral


THE words may have changed but the song remains the same: One year on from his disastrous cliffhanger election campaign, Malcolm Turnbull is being savaged on virtually every policy he produces.

Extraordinary data obtained by news.com.au reveals the Prime Minister, once the darling of the online world, is now so toxic that even his successes are overwhelmingly piled upon with scorn.

http://www.news.com.au/finance/work...l/news-story/54cb3c3ca387906978dac42786dde939

Well it in't as though, we didn't predict it, he was useless the first time round and he's just as useless now.
 
Well it in't as though, we didn't predict it, he was useless the first time round and he's just as useless now.

Very similar to the Rudd situation, if he's left there the Libs will lose, if he's replaced the Libs will lose worse.

Oh the irony. :cool:
 
Yep , I reckon Shorten is going to pull off the 'Steven Bradbury', of Australian politics.
He just has to say nothing, keep his head down and let Malcolm drone on endlessly.
 
Perfect example of the above. 2014. We had a budget emergency, everyone had to play their part.

Us low income earners had to pay more tax despite being promised it wouldn't happen, we had to pay to see the doctor, we had to work until 70, we paid more tax on our super than on our wage. LOL

Oh yeah, and we had raid the kitty litter and tax our employers to pay for a gold-plated paid parental leave scheme for all those mama's doing it tough on the North Shore.

Thank gawd the budget emergency is now over. LOL

Yup. Whenever the economy goes to shiet, the first thing they do is ask the poor to make sacrifices, have "benefits" and "entitlements" cut.

Then to be fair, they also do the cutting at the rich too. Cut taxes and cut red tapes to make their life and business easier.

Childcare costs something like $80 to $120 a day. What working-poor mothers, or those on an average income, could justify paying that much when their take home would be maybe $50 extra a day. So they either quit work or load the kids to grandma and grandpa. And those old folks don't charge for the work so it's just a handout to rich parents.

Nothing's wrong with helping out a new parent... but when the policy is so skewed to help just them when the poor are left out, that's just class warfare.

Look at Trump and the Republicans healthcare plan. Kicking 20 million people off of any health insurance over ten years, and that's just the start. Cut some $580 billion from healthcare to the poor and elderly... and at the same time, give some $600Billion to the very top 1%.

Don't want to whinge and stuff... just it's wrong and immoral. And it might lead to either a Third World kind of economy or serious social unrest.
 
Malcolm trying to cement himself as the living totem of the original Liberal Party values.

Of course the original idea of "progressive liberalism", which was ironically rooted in the social equity and free enterprise conflicts of the 19th century, necessitated by WW2 break way from the OLd Dart,but was stolen by Hawke/Keating in the 80's as Labor's new mantra so that left the Libs nowhere to go but to stupid land where elves, unicorns and magic mushrooms made policy that has resulted in us bereft of public assets, a slow down in infrastructure build and a stonking big net debt..... and a bunch of disaffected voters who vote like drones, caused by kitchen table brain washing from an early age.
 
The next government might be a mirror image.

Labor in the Reps, but the Senate balance of power held by One Nation/Lib Dems/Austr Conservatives.

One Nation is now the third political party by voting intention, just ahead of the Greens.
 
The next government might be a mirror image.

Labor in the Reps, but the Senate balance of power held by One Nation/Lib Dems/Austr Conservatives.

One Nation is now the third political party by voting intention, just ahead of the Greens.
If Abbott (Newscorp and the other hacks) keeps destroying, Labor will be able to get stuff through with the Senate easily as they will have close to the balance of power.
 
A Labor win would result in a Labor/Green majority in the senate as was the case with the Gillard minority government.
 
If Abbott (Newscorp and the other hacks) keeps destroying, Labor will be able to get stuff through with the Senate easily as they will have close to the balance of power.


We can only hope some of the social manipulators lose their seats to a party that actually cares about individuals right to be imperfect rather than being acquiescent sheep.
 
The next government might be a mirror image.

Labor in the Reps, but the Senate balance of power held by One Nation/Lib Dems/Austr Conservatives.

One Nation is now the third political party by voting intention, just ahead of the Greens.
Actually, latest polling has One Nation 7%, Greens 11%
 
Actually, latest polling has One Nation 7%, Greens 11%
Cheers Explod! Honestly, I'm very worried about how much a kWh of electricity might cost in 5 years time in NSW. In the news today, about the Hunter Valley, Liddell coal-fired power plant, scheduled to close down within 5yrs.

We're already going to have an increase of 20% per kWh in 2017-18. If Bill Shorten or Monsieur Di Natale have a solution, I'm all ears!

It could be worse of course, if we lived in South Australia, home of Elon Musk's biggest battery ever, delivering minutes of emergency power!
http://www.theherald.com.au/story/4488541/hunter-faces-likely-shocks-from-closure/
...The Liddell closure raises serious issues about electricity availability for Tomago Aluminium and its 1000 workers..
 
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