Australian (ASX) Stock Market Forum

The ScoMo Government

I agree that it is a really, really, really stupid purchase but it was Mr Trumble who decided to buy some seats in SA not Scomo

The whole deal is beyond stupid, just shows how incompetent Turnbull was

Morrison would have been in the Cabinet at the time.

Collective responsibility.
 
Shows how fickle the media is, they have been calling for stimulus for the last 6 months, now that the Government is talking about it. The media is saying it is a shameless about face, I guess they have to write something.:roflmao:
As long as it is focused on sensible well thought out infrastructure it will be fine IMO, if it is just thrown out the back of a ute, they will be hammered as they should be.
Just my opinion.
https://www.smh.com.au/politics/federal/stimulus-is-only-a-matter-of-time-20200302-p5465q.html
A stimulus package whilst banning cash payments over $10k. Should be fun :)
 
Morrison would have been in the Cabinet at the time.

Collective responsibility.
Trying to supply jobs, with dodgy projects, usually ends in tears.:2twocents
How many times have we seen it?
In W.A Muja A/B, Government gives it to private sector, to increase competition in the market. Government underwrites new companies refurbishment, new company goes broke, Government gets power Station back and $300m debt to go with it.:roflmao:
 
A stimulus package whilst banning cash payments over $10k. Should be fun :)
Funnily enough I was taking to someone who partakes in smoking funny substances, and asked how do you pay for it, was told they all take tap and go.:eek:
 
Be interesting to see what ScoMo does to keep the economy and people and businesses alive over the next 6-8 months.

Interesting article offer the suggestions and rationale of 6 different economists. Covers much of the ground ASF posters have suggested.

Experts on how coronavirus will wallop Australia's economy – and what the government must do
Economists say a recession is now nearly inevitable. The only question is how long it will last
https://www.theguardian.com/busines...alias-economy-and-what-the-government-must-do
 
Greg Hunt can't tell us the number of people that will die in Australia due to the virus..'it's an inexact science' .... very useful phrase for someone like hunt..
But if one member of Morrisons (piss poor) government goes 'toes up', so goes it's majority... That's an exact science...maths.
What are the odds?
Can cut bothways of course... but
Ahh ...imagine the sympathy vote for for say someone like say Gussy Taylor... It would warm the cockles of cold Goulburn mid winter. The bleak streets deserted but for a sole Tesla driver with the over sized air filtration system at the supercharger quickly plugging in; And keeping his energy costs down...

And all that Pentecostal blathering in close proximity to each other... Hallelujah... praise god and pass the surgical masks...
 
Greg Hunt can't tell us the number of people that will die in Australia due to the virus..'it's an inexact science' .... very useful phrase for someone like hunt..
But if one member of Morrisons (piss poor) government goes 'toes up', so goes it's majority... That's an exact science...maths.
What are the odds?
Can cut bothways of course... but
Ahh ...imagine the sympathy vote for for say someone like say Gussy Taylor... It would warm the cockles of cold Goulburn mid winter. The bleak streets deserted but for a sole Tesla driver with the over sized air filtration system at the supercharger quickly plugging in; And keeping his energy costs down...

And all that Pentecostal blathering in close proximity to each other... Hallelujah... praise god and pass the surgical masks...
Not wanting to get in a slanging match, but how do you think we would be faring now, if Labor had got in and smashed established home values, and removed franking credits for self funded retirees, what the others were offering wasnt exactly brilliant. A lot of people would be in negative equity and self funded would be queuing up for a pension.
Just my opinion, but neither Party is lighting up my light, they are all running around in ever decreasing circles IMO.
Australia needs to take a long look at itself and find out were the hell it all went wrong, then work out a way to fix it, pandering to China and everyone else is not working.
Just my opinion.
 
We should look at drone submarines (maybe nuclear powered). Cheaper and less dangerous. No oxygen required.
fully agreed submarines of any kind are the cavalry in 1940's war..So obsolete it is scary anyone in command could even think about buying some in 2020
 
fully agreed submarines of any kind are the cavalry in 1940's war..So obsolete it is scary anyone in command could even think about buying some in 2020
Absolutely how many surface to surface, surface to air mobile missile batteries would they buy? AWAC aircraft, with state of the art sonar scanning?
 
In W.A Muja A/B
And as I’m sure you’re well aware there’s one aspect of it which tops all others.

Regardless of what it cost or who owns it, if you’re going to have a power station then it should at least generate electricity.

Failing to do much of that makes it not just expensive but also rather pointless.
 
And as I’m sure you’re well aware there’s one aspect of it which tops all others.

Regardless of what it cost or who owns it, if you’re going to have a power station then it should at least generate electricity.

Failing to do much of that makes it not just expensive but also rather pointless.
It was a brain fart from beginning to end, all in the name of getting private generators into the system, which in reality would have been a mess now anyway.
It was just another politically driven mess, the worst thing Barnett did by far.
 
So what do we think of the so called "stimulus" ?

If $750 for Newstarters and pensioners doesn't do the trick, what then ?

The gov. is obviously hoping the covid problem will be short lived, otherwise they (we ) will have to shell out again.
 
So what do we think of the so called "stimulus" ?

If $750 for Newstarters and pensioners doesn't do the trick, what then ?

The gov. is obviously hoping the covid problem will be short lived, otherwise they (we ) will have to shell out again.
The one thing in Australias favour is, we dont live on top of each other and we have a large personal space, so hopefully it will reduce person to person transfer.
The Government as someone else said, is probably keeping some back.
 
The one thing in Australias favour is, we dont live on top of each other and we have a large personal space, so hopefully it will reduce person to person transfer.
The Government as someone else said, is probably keeping some back.

We also don't have porous borders like Europe, so I for once agree with the Don to limit visits from there.

I think that will be next on the list for us, after the AGP.
 
Schmo is encouraging thousands to clump together at football matchs over the weekend ...
In these circumstances; Simply put the man is an Idiot.

Oh and trawler on your question; To placate the greedy few old and older people we didn't get, dental care for old people, all cancer treatment on the medicare, a far better likely hood of education outcomes and a government that would have payed more attention to 23 retired Emergency Cheifs...
No what we got was a pack of shills for the fossil fuel industry.
 
On Wednesday, the prime minister delivered a blunt message to Australians in response to the mass panic buying sparked by the coronavirus.

“It is not sensible, it is not helpful and, I’ve got to say, it has been one of the most disappointing things I have seen in Australian behaviour in response to this crisis,” Scott Morrison told reporters in Canberra on Wednesday.

More disappointing than sports rorts Scummo
Both pretty selfish actions for survival
 
It seems as though there is a more measured approach to stimulus this time, than a back of the napkin, at the pub with undies on his head Conroy. :D
https://www.theage.com.au/politics/...rough-coronavirus-crisis-20200320-p54cbx.html
But the $250k fifo and feet up on the verandah watching the left break and the sun go down crew, probably don't give a ratz anyway.:roflmao::p
Lucky FW Barny built the hospitals you may need.:xyxthumbs
 
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