http://www.abc.net.au/news/stories/2009/02/04/2481623.htm
It seems to happen with regular monotony - a Labor government gets elected, and we end up with Debt, Deficits, Unemployment and Big-Government.
No one disputes the need for governments to invest in infrastructure - especially in times of financial turmoil.
But Rudd and Swan are prooposing to put the country $100 billion in debt over 3 years. The sort of debt it took the Coalition a decade to pay off.
It's a matter of spending what you actually have rather than charging up a huge burden of foreign debt on the national credit card.
The major lesson of the financial crisis is that debt can be toxic. If you borrow too much when times are tough, you'll lose your shirt - and that is true for householders as much as governments.
Former Federal Treasurer Peter Costello slammed the competence of the Rudd Government on Lateline last night.
He pointed our the hypocricy of Julia Gillard praising the strength of Australia's financial framework at the Economic Forum in Davos at the same time that Rudd was talking it down and saying that "Capitalism needed to be saved from itself". As if there was one message that we needed to tell the world, but another message we needed to feed to the poor voters at home.
He underlined the poor quality of the $10 billion pre-christmas cash hand out, which did little more than boost the profits of Westfield, without creating any real jobs.
But most of all, he pointed out the stark contrast between the time when he was treasurer, and now, under our current incompetent, Wayne Swan. Under Costello we had budget surpluses in excess of 2% of GDP. Swan is giving us the opposite - budget deficits in excess of 2% of GDP.
As the old song goes... "Don't it always seem to go that you don't know what you've got till it's gone".
Wednesday, February 04, 2009
Kevin Rudd & Gough Whitlam. Doing the Deficit Two-Step.
Posted by Neil Ennis at 8:45 AM 0 comments
Labels: Costello, Debt, Deficit, Economy, Rudd, Unemployment, Whitlam
Wednesday, January 21, 2009
At last
“The New Colossus”
Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset hates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lighting, and her name
Mother of Exiles. From her beacon hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
"Keep, ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore,
Send these, the homeless, tempest-tost to me,
I lift my lamp beside the golden door!
Emma Lazarus
Posted by Neil Ennis at 9:25 AM 0 comments
Labels: Obama
Saturday, November 01, 2008
Swan Flies in Wrong Direction
http://www.abc.net.au/news/stories/2008/11/01/2407628.htm
Treasurer Wayne Swan is either misguided or disingenuous when he claims that his clumsy bailout of Aussie banks didn't cause a run on investment funds.
I admit, it's easy for me to sit on the sidelines and criticize with the benefit of hindsight. But consider this, most other western countries, while offering guarantees on bank deposits, have an upper limit. Australia's limit was pretty lame, so I think the treasurer decided to get hairy chested about it and instituded a guarantee without limit. And then in typical Labor style, decided to introduce a tax (which he calls a "levy") on larger deposits to help pay for the insurance.
Most people accept that this is what caused most investors to try and pull their money out of investment funds. Why not? When they could get a guarantee without limit from their local bank.
But what seems even more worrying is the change of tack that the treasurer has taken in order to address the credit crunch. He's decided to give people $1,000 before Christmas. I think the correct term for this is "Trickle Up Economics". It's sort of like the antithesis of extreme capitalism where benefits to the rich "Trickle Down" to the masses, like crumbs from the table. But in Swan's scenario we give money to the masses before Xmas to buy their plasma TV's and lotto tickets.
Maybe I should give him the benefit of the doubt, but this was the same pundit who before the election was bemoaning the lack of infrastructure investment. Who boasted at his first budget a $40 billion plan to invest surpluses in Nation building.
Now at the first sign of trouble, the infrastructure plans are put on the backburner so Mums and Dads can get a bit of extra pocket money before the end of the year.
Imagine how many more jobs would be created, how much demand would be created for our natural resources if, instead, he kept his word and kept his promise of nation building?
It doesn't provide instant gratification like the Plasma TV money, but it has longer term benefits for us all.
Posted by Neil Ennis at 3:22 PM 0 comments
Friday, May 23, 2008
Melbourne City Council Censors Painting the Criticizes China
Ronald McDonald carries the Olympic Torch past a burning Monk, by Van Thanh Rudd.
The Melbourne City Council says it rejected this painting from an art exhibition because it "does not fit the brief". The painting is by Van Thanh Rudd, nephew of PM Kevin Rudd.
I reckon the real reason is that the Melbournce Council is scared of offending China, McDonalds and the PM.
Absolutely gutless.
Posted by Neil Ennis at 1:33 PM 0 comments
Friday, May 16, 2008
China's "One Child" Policy
According to the Wall Street Journal The Chinese Government will keep its "One Child Policy" for at least another decade.
As a result, a generation of children is China is growing up with no brothers, sisters, aunts or uncles.
Anyone found breaking this law faces huge fines. Government workers can lose their jobs, and pregnant women may face forced abortions.
Ironically, those chinese who are rich enough, pay the fine, and are able to have more kids.
For the rest, it's a choice between hiding from the government to have a child without a permit, having an abortion, or selling your baby on the burgeoning Child Trading market.
One sad consequence of this situation is a large increase in the number of child abductions.
Posted by Neil Ennis at 2:42 PM 0 comments
Labels: China
Tuesday, May 13, 2008
Labor Activists Still Facing Harsh Treatment
http://www.ir2008.org/
Yao Fuxin, 57, was involved in organizing workers in Liaoning to address corruption and other issues facing the local factories. A former employee at the Liaoyang Steel Rolling Factory, he is married with one daughter. In late March 2002, Yao Fuxin was secretly detained and formally charged with "gathering a crowd to disturb social order" after leading tens of thousands of workers from Liaoyang factories in a peaceful demonstration protesting against corruption and demanding the payment of back wages and pensions. He was later charged with the far more serious charge of subversion due to alleged involvement in the banned China Democracy Party.
During his trial, Yao insisted on his innocence, saying he believed in the government and wanted to see the plight of the workers resolved. He was sentenced to seven years, which he is now serving at Lingyuan No. 2 Prison in Liaoning. His family fought for a retrial with the assistance of his defense lawyer Mo Shaoping, but it was announced at a secret hearing on June 27, 2003, that the appeal was rejected and the original sentence upheld. Since his imprisonment, Yao has been plagued by serious health problems. Family members, who visit him regularly, say he is in very poor health. Yao's family and Liaoyang workers have repeatedly appealed to authorities as high as the National People's Congress and the Supreme People's Court to release Yao on medical parole, but without success.
Posted by Neil Ennis at 6:00 AM 0 comments
Labels: China
Monday, May 12, 2008
China is Getting Ready
” In the name of ensuring stability and harmony in the country during the 2008 Olympic Games. The Chinese governement continues to detain and harass political activists, journalists, lawyers and human rights workers.”
"China is Getting Ready" by "Amnesty International"
Posted by Neil Ennis at 6:00 AM 0 comments
Labels: China
Sunday, May 11, 2008
Posted by Neil Ennis at 6:19 AM 0 comments
Labels: China
Saturday, May 10, 2008
China: the world's biggest prison for journalists and cyber-dissidents
Posted by Neil Ennis at 6:50 AM 0 comments
Labels: China
Friday, May 09, 2008
McDonald's - Beijing Olympic partners
If you're wondering why most companie$ and countrie$ aren't officially prote$ting the thuggery of the Chine$e Government, here'$ a $ubtle hint:
"McDonald's - Beijing Olympic partners" by "shalvas"
Posted by Neil Ennis at 6:38 AM 0 comments
Labels: China
Thursday, May 08, 2008
Beijing Olympics 2008
In the run up to the Beijing Olympics I'll be posting some photos I've found around the net by other people which express my sentiments.
The Chinese Government's treatment of dissidents is appalling.
They tolerate no disagreement.
They've erected a huge firewall to prevent their citizens from reading anything online that criticizes their government.
Chinese people are beautiful, intelligent and gracious.
But the Chinese Government... they're nothing but amoral thugs.
"Beijing Olympics 2008" by http://www.flickr.com/photos/kongharald/
Posted by Neil Ennis at 12:26 PM 0 comments
Labels: China
Wednesday, April 09, 2008
A Man of Steel after all
Credit where credit is due.
I've been critical of PM Kevin Rudd before, but I admire his courageous stance in Beijing today.
http://www.abc.net.au/news/stories/2008/04/09/2212108.htm
It took guts to go to China, and in his first speech there, to say loud and clear that Australia is concerned about Human rights violations in Tibet.
Hopefully Chinese Premier Wen Jiabao will recognize the value of International Friends who are unafraid to speak the truth, rather than "friends" who never say what they really think.
Posted by Neil Ennis at 2:52 PM 0 comments
Friday, April 04, 2008
Dubya's Man in Australia
http://www.abc.net.au/news/stories/2008/04/04/2208065.htm
Our little mouseketeer of PM shows that he's well and truly behind big kahuna, George W Bush.
Holt may have been "All the way with LBJ", but Kevvie is definatley "At the decree of GWB".
Definately not the sort of behaviour you'd expect from a supposed "Man of Steel".
Posted by Neil Ennis at 12:34 PM 0 comments
Saturday, February 23, 2008
At Home At Last
Full marks to new Labor Immigration Minister, Chris Evans, for granting permanent residency to Robert Jovcic
Jovcic was a victim of the previous goverments heartless immigration policy, which left him homeless and sleeping on the steps of the Australian Embassy in Belgrade.
Minister Evans says that this was "one of a number of regrettable immigration matters the new Government is rectifying".
It's great news.
http://www.abc.net.au/news/stories/2008/02/23/2170552.htm
Posted by Neil Ennis at 12:27 PM 0 comments
Monday, January 14, 2008
Insipid Swan Starts to Sink
Rates08
http://www.abc.net.au/news/stories/2008/01/14/2138016.htm
New treasurer Wayne Swan doesn't have a clue when it comes to dealing with banks.
Banks around the country are getting away with raising their interest rates - even when the Reserve Bank hasn't raised official rates.
Shadow Treasurer, Malcolm Turnbull is right. They're treating Swan like a mug.
If Swan doesn't lose the training wheels soon, the millions of people who got duped by Kevin07 are going to be worrying about Rates08. And Swan's credentials on fiscal management will look about as beleivable as that woeful hairpiece of his.
The age old cycle of "Labor Mismanagement" begins again.
Posted by Neil Ennis at 2:48 PM 0 comments
Monday, December 17, 2007
Get out of my face!
Posted by Neil Ennis at 10:07 PM 0 comments
Tuesday, December 04, 2007
Change of Government
While I'm disappointed with the outcome of the Federal Election, I sincerely hope the new Labor Government has success in improving the quality of life for Australians over the next three years.
I'm so glad to live in Australia! There are not many places in the world where you can have a change of goverment and not have blood in the streets.
Liz and I took the kids into the polling booth and let them see democracy in action.
What a fantastic sight to see everyone voting, and having a say in what happens in the country.
At last look, our local member, Peter Dutton, was almost 200 votes ahead. It's a bit close for him, but it looks like he'll make it. Good on you, Peter, you're a great local member, and deserved to win!
Posted by Neil Ennis at 8:59 AM 0 comments
Friday, November 23, 2007
Pearson on: Rudd: "Understand the heartless snake here"
http://www.abc.net.au/news/stories/2007/11/23/2099795.htm
Noel Pearson tells it like it is. He's a fearless advocate for his people.
I totally agree with his assessment of Kevin Dudd's duplicity.
Says Pearson: "This has obviously been a complete charade, and for those people who think that 'well, let's give Labor the move to perhaps run with this agenda in some later term', then I just say well we'll have a re-run of Bob Hawke here"
Dudd is a chameleon.
Like Pearson, I too dread the prospect of Dudd becoming Prime Minister.
Posted by Neil Ennis at 6:10 PM 0 comments
Chalk and cheese
Despite the "me too" garbage from Mr Dudd and his comrades, the differences between the Coalition and the ALP are like chalk and cheese.
Click on the thumbnail below for a quick summary of the major performance indicators for both parties.
The difference between our current prosperity, and what we'd lose under a one party Labor State couldn't be starker.
Posted by Neil Ennis at 8:35 AM 0 comments
Wednesday, November 21, 2007
A Coalition win by 5 seats
That's my prediction for Saturday.
There won't be a uniform swing, and while the ALP will pick up some seats, it will also lose one or two.
Call it wishful thinnking if you like, but I like to think that most Australians aren't going to get duped by "Mr Me Too", aka Kevin Dudd.
If I am right, most of the Australian media are going to look like a bunch of idiots and will have a bucketload of egg on their faces.
If I am right, someone needs to ask who paid whom to get such blatantly biased reporting from all streams of media including the ABC.
Of course, it's just my prediction, and it flies in the face of all the opinion polls, and all the "wisdom" of pundits who claim to be smarter than me.
But I hope I am right.
You need more to govern this country than a twerpy smirk and a photocopier for stealing economic policies. Mr Dudd just doesn't cut it.
Oh - one other thing, if I am right, I promise to post some priceless photos of the look on the faces of Kevin Dudd, Julia Dullard and Wayne Conn.
Posted by Neil Ennis at 11:27 AM 0 comments