Australian (ASX) Stock Market Forum

Victorian Politics

Jees your a hard man Knobby.
Pesutto called her a Nazi, refused to apologise and doubled down with a fake dossier.
He only has himself and the rest of the weak Liberal party to blame.
Someone should have told him at the beginning to back off, but the large male ego just would not allow it.
The Liberals have a problem with strong willed women, Deeming being one of them.
Deeming did not drive him to bankruptcy, it was pretty much his own stupidity.
He had numerous opportunities to settle before it went to court.
Mick
 
Jees your a hard man Knobby.
Pesutto called her a Nazi, refused to apologise and doubled down with a fake dossier.
He only has himself and the rest of the weak Liberal party to blame.
Someone should have told him at the beginning to back off, but the large male ego just would not allow it.
The Liberals have a problem with strong willed women, Deeming being one of them.
Deeming did not drive him to bankruptcy, it was pretty much his own stupidity.
He had numerous opportunities to settle before it went to court.
Mick
He's not a hard man, he is a fool... And Pessuto is an absolute Muppet trying to play identity politics against his own party, a moron of highest order, possibly a true misogynist. He has managed his party and should resign from politics altogether. :2twocents
 
An obvious supporter of Moira Deeming penned the following:
John Pesutto could be the unluckiest man in the history of Victorian politics.
Ran for preselection unsuccessfully a couple of times, finally got shoehorned into Hawthorn (by the state exec of the party, without a full preselection), held his seat for one term (the first time Hawthorn had been lost to Labor in 66 years), managed to win his seat back and become leader - and then in a few short years lost the leadership and, barring some miracle, being forced to declare bankruptcy and being unceremoniously ejected from parliament yet again.
Pesutto has been especially unlucky in the Moira Deeming fiasco - but he has well and truly made his own luck.He could have settled - instead he doubled down, went to trial, and lost.
He could have apologised - he never did.
He could have readmitted Moira to the party room - he stubbornly refused.
But above all, he could have never let this stupid saga happen in the first place.
Dan Andrews et al knew what they were doing when they made a big song and dance about the handful of neo-Nazi boofheads who gatecrashed that women’s rights rally - it was old-fashioned, lowest-common-denominator wedge politics.
Pesutto walked right into the trap.A real leader would have seen Labor’s tactics for what they were.
A real leader would have refused to let himself be intimidated.Pesutto could have just issued a simple media release saying: (1) Moira had nothing to do with the gatecrashers, and (2) the Liberal Party is a ‘broad church’ and as a backbencher, Moira could do what she liked.
Had he done that, the story probably would have died and the news cycle would have moved on.But instead, he spent his time fighting one of his own MPs harder than he fought the Labor government - shopping around a sleazy dossier of ‘evidence’ against Moira privately and, even worse, grandstanding publicly about the ‘decisive action’ he was taking - giving the voting public the patently false impression that the Liberal Party was infested with Nazis.Pesutto leaving politics entirely is the best possible outcome.
Somebody so hell-bent on booting a conservative out of the Liberal Party - to such an extent that he actually blew up his own career - should never have been party leader.
And a man who has shown such political incompetence, warped priorities and woefully poor judgment should never have come within cooee of being Premier of Victoria.
Pretty much sums him up.
But still he blue bloods cheer him on.
I see that the likes of Jeff Kennet and Ted Bailiau are calling for people to support him and donate to the fund set up o pay his costs.
None are as blind as those who will not see.
Mick
 
An obvious supporter of Moira Deeming penned the following:

Pretty much sums him up.
But still he blue bloods cheer him on.
I see that the likes of Jeff Kennet and Ted Bailiau are calling for people to support him and donate to the fund set up o pay his costs.
None are as blind as those who will not see.
Mick
Could be the bind leading the blind, by the nose.
 
What is it in the water down there?
Micheal Kroger
Richard Maryles
John sekta
Andrew Bolt
Norm Gallaghar
The crim beaten to death in prison with bicycle seat post
The Melbourne Club

Are they all drinking from the same font?...The Broard street pump would be proud.
 
What is it in the water down there?
Micheal Kroger
Richard Maryles
John sekta
Andrew Bolt
Norm Gallaghar
The crim beaten to death in prison with bicycle seat post
The Melbourne Club

Are they all drinking from the same font?...The Broard street pump would be proud.
It has to be something in the water it can't be anything else.
 
So what was it that occurred in 2020 to cause a jump in debt?
it can't just be the COVID, because the increase in debt just kept going long after the COVID pandemic became just a memory.
Mick
1747778990254.png


Mick
 
So what was it that occurred in 2020 to cause a jump in debt?
it can't just be the COVID, because the increase in debt just kept going long after the COVID pandemic became just a memory.
Mick
View attachment 199851

Mick
They discovered with the Covid lockdown that they could do whatever the hell they want and the sheeple will bow before them and increase their majority at the next election
 
More, more they, the good citizens of Victoria say: we want more, they will pay:
Absolutely abysmal..but i am sure a few will get more $100 bills in their pockets vs the naughty LNP racists budget.
Really stunning, how can anyone have so much disregard to their own country...
 
More, more they, the good citizens of Victoria say: we want more, they will pay:
Absolutely abysmal..but i am sure a few will get more $100 bills in their pockets vs the naughty LNP racists budget.
Really stunning, how can anyone have so much disregard to their own country...
Poor management or just plain incompetence.
 
So what was it that occurred in 2020 to cause a jump in debt?
There was a theory doing the rounds known as MMT (Modern Monetary Theory, not to be confused with Methylcyclopentadienyl Manganese Tricarbonyl :xyxthumbs ).

In short, MMT basically says that governments can spend as much as they like without consequence, that debt is not a problem.

Fundamentals say it shouldn't work, since ultimately money itself is not a resource but rather it is a claim on real physical resources (human and material), and that being so the notion of unlimited spending being possible requires an unlimited supply of physical resources which clearly is not the case in reality.

Suffice to say I'm not a fan of this theory but it seems the Victorian government is.

Victoria's situation sounds all very much like that of circa early-1990's with just two key bits missing. First is they can't sell the SEC and the Gas & Fuel this time to raise $ billions, since they've already been sold, and second is the premier hasn't yet sung on national TV, although given the number of singing talent shows around these days I'm sure that could be organised.:2twocents
 
Cancellation of belt and road :)

Suburban Rail Loop , North East Link and Tunnel Rail will probably cost about $100b
 
The large cost blowouts in all of the major projects in Victoria have certainly not helped the bootm line.
But projects eventually get "finished" and the capital costs stop.
However, the addition of more people does not only not stop over time, but indeed gets worse as employees get wage rises and more "worker friendly" conditions.
Victorias tax revenue has consistently been outstripped by its wages bill, so that extra has to be covered by either borrowings or federal grants and GST recovery.
And that does not include any of the capital works projects,
1748211026909.png


The expected budget revenue or the 2025 year shows payroll taxed as the biggest component of its self generated income.
If things go pear shaped and business in Victoria starts to shed employees, their biggest revenue genrator will decrease.

1748211255087.png


Mick
 
The large cost blowouts in all of the major projects in Victoria have certainly not helped the bootm line.
But projects eventually get "finished" and the capital costs stop.
However, the addition of more people does not only not stop over time, but indeed gets worse as employees get wage rises and more "worker friendly" conditions.
Victorias tax revenue has consistently been outstripped by its wages bill, so that extra has to be covered by either borrowings or federal grants and GST recovery.
And that does not include any of the capital works projects,
View attachment 200175

The expected budget revenue or the 2025 year shows payroll taxed as the biggest component of its self generated income.
If things go pear shaped and business in Victoria starts to shed employees, their biggest revenue genrator will decrease.

View attachment 200176

Mick
Well Mick, it isn't as though it wasn't obvious to all and sundry, that Dan's spendathon was going to end badly.
Just another example of irresponsible spending, of other people's money.
 
Viva Energy’s plans to build a gas import terminal at its old Geelong refinery approved; offshore exploration permits stalled/ denied


Only in Australia could the lack of government forethought – added to the intractable self-interest of gas exporters – have led to this outcome rather than, for example, a domestic gas reservation set when the projects were originally approved. Or just piggybacking potential new discoveries on existing infrastructure and expertise
 
Viva Energy’s plans to build a gas import terminal at its old Geelong refinery approved; offshore exploration permits stalled/ denied


Only in Australia could the lack of government forethought – added to the intractable self-interest of gas exporters – have led to this outcome rather than, for example, a domestic gas reservation set when the projects were originally approved. Or just piggybacking potential new discoveries on existing infrastructure and expertise

WA Labor extends Woodside license (and federal Labor this week) lots of protests but has to happen and then you have Victoria WTF is going on down there?
 
Top