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Entries Categorised as 'Politics'

The car industry, six billion dollars and another blunder.

November 12th, 2008 · 1 Comment

Well done Kevin Rudd, just weeks after causing chaos in the financial markets with his bank deposit guarantee, he has been able to pull another blunder out of his magic hat and found a way to potentially waste six billion dollars of Australian taxpayers money. Let’s be totally clear from the start here, the bailout package for the Australian car manufacturing sector is a political stunt aimed at shoring up support with the unions and Australians who seem to think we have a car manufacturing industry.

Government economic blunders of 2008. (so far)

October 28th, 2008 · No Comments

When we look back at the economic crisis this year, (and I am hoping at some point we are looking backwards) any reasonable appraisal of how events unfolded should include a scathing attack on the economic blunders made by the Australian government and in particular by the Prime Minister Kevin Rudd and the Treasurer, Wayne Swan.

The Reserve Bank, Rudd, Swan and a Hobbit.

October 16th, 2008 · No Comments

As readers of this blog will know, I am not a great fan of the actions of the RBA (Reserve Bank of Australia) or the current government when it comes to dealing with the events of this year. First of all we had the RBA raise rates too far (as I mentioned earlier this year) and then we had Rudd and Swan talking down the economy, then talking it up and now they are talking it down sort of, while about to pump money into it to stop growth from slowing.

The U.S. 700 billion dollar question!

September 26th, 2008 · No Comments

Another day, another drama thanks to the U.S. financial system and the U.S financial regulators. After years of lecturing the Japanese on how they should operate their banking system. the U.S. bankers now finds themselves choking on humble pie as Japanese companies move in and take significant stakes in U.S investments banks.

The Cold War is over…right?

August 17th, 2008 · No Comments

According to the prevailing wisdom, the Cold War between the Soviet Union and the West was suppose to have ended in the 1990’s, but it appears the U.S misses the excitement and is trying to stir things up again. You would think a global war on terror would keep the Americans occupied and that keeping as many countries as possible on friendly terms would be the smart thing to do.

The Fluffy Duck and Teflon Man Budget.

May 26th, 2008 · No Comments

Wayne “Fluffy Duck” Swan and Kevin “Teflon Man” Rudd have delivered their first budget and so I will share my thoughts on a few areas in the budget and my impression of the budget overall.

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