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Entries Categorised as 'Politics'

Wasteful spending, poor planning and extreme socialism.

June 14th, 2009 · 46 Comments

For some time I have been saying that the Government’s economic stimulus spending spree will be wasteful, poorly directed and do little to make Australia a more competitive economy.  If this is not bad enough the chances are the reckless spending by the Rudd Government may also stir inflation again and cause more problems for the Australian economy than the global financial crisis ever did.

The Catch-22 recession: send in the clowns!

June 4th, 2009 · 11 Comments

Well Australia has avoided a “technical recession” for now so I guess this means that if you have lost your job or your business is struggling then technically you are actually doing fine. But if we are not in a recession, why are company profits taking a beating, unemployment rising and the stock market still so low?

Rudd Economics 101: When in doubt spend like crazy.

May 20th, 2009 · 34 Comments

It appears that finally the Australian media and by default the wider public are starting to worry about Rudd’s mountain of debt. At first many Australian’s were quite happy to pocket their Government handouts in some crazed belief that is was magic money that would not have to be repaid some day or at least, not by them. But perhaps the latest Federal Budget has finally got people thinking as opposed to living happily in ignorance in the Matrix.

Federal Budget 09: A confusing mix.

May 18th, 2009 · 34 Comments

I guess the word confused would best describe my reaction to the Federal Budget handed down by the Government last week. I was expecting some tough decisions to be made so that Australia could emerge from this recession in fairly good shape, but instead the Budget had no clear direction and it seems the Government is hoping that by throwing money at major infrastructure projects that it can appease the public until China saves the day.

Federal Budget 2009: The Yes Minister preview.

May 11th, 2009 · 6 Comments

Lights, camera, action! It is almost time for another budget from the masters of spin and we are all invited to watch the drama unfold. The 2009 federal budget will be one of the most eagerly awaited budgets in years and the key question for me is: why is the Government talking up the need to borrow and spend one moment and then in the next breath, warning us that we all need to share the pain because the Government has to reign in spending?

You spin me right round Swanny. (like a record baby)

April 28th, 2009 · 15 Comments

Although hardly qualified for anything to do with number crunching, Wayne Swan has in all fairness become much more confident over the last 18 months in his role as Treasurer.   But sadly he is still hooked on manipulating data and his forecasting skills appear as good as Marie Antoinette’s, who once told her husband that the noise outside the palace was just some party goers who would soon be heading home.

Rudd’s recession and the fools on the hill.

April 22nd, 2009 · 14 Comments

Now I know some people will think I am harsh using the term “Rudd’s recession” but when you claim to be able to solve many of the world’s problems, you also have to take some heat when your mystic powers cannot fix everything. Mind you not everything is going against Kevin Rudd as it seems parts of Antarctica are not melting after all and in fact some of the icy bits down south are getting bigger! So Kev07 might have made a dogs breakfast of the economy, but he just might have just saved the planet!

Bring back the toga and lose the House of Representatives!

April 21st, 2009 · 8 Comments

It appears to me that the form of democracy we have in Australia (and other parts of the world) is really starting to struggle now in the 21st century. After all, we are basically using a form of government that is now a few centuries old and has been responsible for just as many blunders and failures across the world as it has successes. So maybe it is time we started to think about giving our system of government an overhaul and I believe we can learn a lot from the Romans.

The National Broadband Network: from debacle to disaster

April 11th, 2009 · 29 Comments

Like many Australians I have been frustrated for many years over the slow progress that was made in getting affordable high speed internet connections widely available across Australia.  However in order to get a world class communications network deployed we need the private sector to be in the driving seat and for the government to be involved as little as possible.  Yet thanks to government mismanagement, Australia is now about to spend a fortune of taxpayers money to roll-out a national broadband network.

The great recession swindle: the power grab by governments.

April 2nd, 2009 · 9 Comments

Apparently we are at the moment facing the greatest economic crisis the world has seen since the Great Depression, and therefore the G20 leaders who are gathered in London not only have to dodge protesters but also come up with some solutions to this mess. The only problem with what I have just written is that we are not facing the greatest economic crisis since the Great Depression and the people gathered in London are part of the problem: they may come up with some solutions, but you and I will be paying for them.

Kevin Rudd and Criswell: can you spot the difference?

March 26th, 2009 · 5 Comments

The mainstream media in Australia seems to finally be picking up on the fact that Kevin Rudd either makes little sense when he rambles or has the ability to make even the most simple things sound complicated. It is not easy to understand Ruddish, but I think I have found some background information that should help people understand this strange dialect.

The Australian home prices debate Part 2: Why prices may not collapse.

March 21st, 2009 · 171 Comments

In Part 1 of the Australian home prices debate I looked at some of the factors that could drive home prices down in Australia. Now in Part 2, I shall outline the other side of the debate and consider the arguments that support the view that the Australian residential property market will generally withstand the fallout from the global financial crisis and not follow prices down in a similar way to the U.S. and U.K.

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