Originally Posted by ltd
Just finished reading this thread and am amazed at the misinformation that is out there.
Australia is in the toilet, and crashing through the septic to the sewer below thanks to Keynesian socialists who ostensibly have pulled productive money out of the private sector and put it to waste in the public/govco sector.
As for debt, it is spiralling out of control, and running deficits is only making it worse. It may only be 10% of GDP, but remember 5 years ago we had over 80 billion in surplus reserves and zero debt. These economic ******* (Krudd started the rot) have blown over 380 billion dollars of your money and as such are forced to make concessions to the lender (China) by allowing massive amounts of land grabs which if under 250 million dollars are not alerted to the foreign investment review board. Furthermore, China having the little fraudulent wax-goblin over a barrel (because we've borrowed 300 billion) has brought about relaxed importation rules and the scrapping of the anti-dump policy of crap-loads of imports from china; effectively killing our industries (such as Ford).
If we go through it, since 2007 we had the following:
* $900.00 cheques to dead people, most of which went on Chinese goods, booze or the pokies. FAIL
* Pink Batts - Cost 3 billion to administer, lots of house fires as a result and 4 people dead,cost 1 billion to clean up. If done by private company manager would be in prison for industrial manslaughter. FAIL
* Asylum Policy - Changed it to appear to be caring and because it was Howards success. Now over 45000 people arrived, over 2000 people drowned at sea on their way here. No idea how to fix it. FAIL
* Building Education Revolution - 16 Billion on 8 billion worth of work. Got biggest companies to do this as no thought went into it, and resultantly cost a bomb for ostensibly getting Lamborghini to make a commodore at great expense when the local bought commodore would have been better and cheaper - FAIL.
* Industrial Relations - Have basically walked away from business and given the unions greater control. Think Qantas grounding their fleet and penalty rates for hospitality staff closing businesses like cafe's on weekends. - FAIL.
* Unemployment - like to quote 5%, but look over the stats and find that underemployment has gone up 40% in 6 years, and also long term employed have been moved to disability pensions (200,000 in 2007, now over 850,000 in 2013) to fudge the figures. Also worked 1 hour in the last two weeks, then under Govco you're employed - FAIL.
* Carbon Tax - FAIL. Pseudo science that even NASA has walked from and has said is not happening, promoted and started by ex Vice President who failed science at university; but policy has driven many businesses to the wall. - FAIL
* Mining tax, - FAIL. Expected to get 5 billion, got 120 million but had already spent 5 billion in anticipation of the receipt from the tax - FAIL.
NBN - Not even costed into our budget, this 80 Billion dollar white elephant is great considering sweet FA people are taking it up and it is old technology. Speeds quoted are achievable with wireless tech as is happening in the USA and sadly, no one at govco is smart enough to realise that every popular device (i-Phone etc) is wireless. - FAIL
NDIS - FAIL. Talking about spending money on a policy that will cost 18 billion a year, yet they have only allocated 1 billion for the first year, and mental health is excluded as is those born with disabilities. Look at the fine print, it is another workers comp scheme. FAIL.
Business Confidence - FAIL. They have systematically culled small business and driven many companies (some over 100 years old) to the wall. Then they announce an election 9 months out which kills business confidence, then after re-electing a proven failure that date is going to push out another 2 months (G20 in September, the prancing little fraud will not give up his chance to big note himself) - Investment and confidence, again screwed. Rudd - FAIL.
What's really happened here is that we have elected a bunch of incompetents who in record time have destroyed the country to the point where they can only run on spin and personality, which is why they have become spectacularly nasty. Only a fool would be convinced that this rabble has any economic sense to turn things around, and they need to be cast into the gutter for the lives they have screwed. I'd try the little Manchurion Candidate for Treason if it were up to me.
The ALP, collectively they're so stupid that if they fell into a barrel full of titties, they'd come up sucking their thumbs.
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