Australian (ASX) Stock Market Forum

The Albanese government

Who is going to be the first to try and knife Airbus next year?

  • Marles

    Votes: 1 8.3%
  • Chalmers

    Votes: 3 25.0%
  • Wong

    Votes: 1 8.3%
  • Plibersek

    Votes: 3 25.0%
  • Shorten

    Votes: 2 16.7%
  • Burney

    Votes: 0 0.0%
  • Other

    Votes: 2 16.7%

  • Total voters
    12
Anthony Albanese’s response to the drill says a lot about his lack of attention to detail and the political strife it gets him in.
He claimed that China provided notice of the drill “in accordance with practice”, when it provided no advance warning at all.
And he wrongly claimed the alert from the New Zealand frigate shadowing the Chinese flotilla was received by Australia “at around the same time” as the Virgin pilot’s notification to Airservices Australia. In fact, the warning came through 50 minutes later.
His looseness on such a serious matter should send shivers down the spines of his colleagues given an election announcement is imminent.
This is I would suggest just the start of the Chinese Government flexing their armoured strength near to our shores.
The lack of accountability from the Government just shows how weak and spineless they are.
Live firing with little to no notice given, but according to Elbow that's fine, doesn't matter that several commercial planes saw fit to divert to a safer flight path.
I would have thought that a couple of our naval ships should be flying the flag in tailing them as a show of strength that we don't appreciate their actions.
 
IMG_8349.jpeg
 
So making a lazy $30 mil plus from real estate is OK buying a $4mil house isn’t?
Both babies, when you compare them to Uncle Paul, now he knew how to make money. :roflmao:

There isn't many ex high profile politicians, that are in the poor house and if they are they are obviously doing something wrong.;)

Albo buying a $4m house is on the lower end of the scale, probably one of the reasons people underestimate him. :rolleyes:


Paul Keating has emerged as a significant winner from the sale of Boost Mobile, with the former prime minister set to pocket at least $40 million from the telco tie-up.
Keating poured an initial $500,000 into the business and helped Boost Mobile negotiate an agreement with Optus, its first partner.


 
Well it looks like a bit of pork barrelling going on, hope I can get my solar upgraded in Mandurah. :xyxthumbs


Prime Minister Anthony Albanese has announced a $25 million program called the 'Solar for Residence Initiative'.

In a joint press conference with Climate Change and Energy Minister Chris Bowen, the prime minister announced the Commonwealth will partner with the New South Wales government to execute the program.

The scheme will be fully funded by the federal government but will be “rolled out” by the state government.

 
He talks fondly about working his ring off to buy his first house at 19, buying his first shares at a similar age, his pedigree in business and, most recently, buying his son a subscription to The Australian Financial Review to help him understand how to get ahead.
That’s not a bloke pretending to have grown up in a shoebox eating cold gravel and going to school barefoot.
The base allegation is that Dutton got wind of a policy that would boost the value of bank stocks so he bought up big in the days before. There is no evidence to corroborate the allegations and, at the time, the ASX detected nothing untoward and did not contact the Australian Securities and Investments Commission.
Targeting integrity is the best way to destroy someone in politics but, according to those familiar with the Dutton exercise, nothing would stick. That’s because even his detractors accept he’s genuine in terms of his principles and beliefs.
Truth be told, a net profit of $6.8 million after flipping 26 properties over 35 years, hardly makes him Rockefeller.
“If I was smart, I would have kept every one of the properties, but instead I had to sell one to buy the next one so it’s just a recycling of the same money,” Dutton said

Labor wants to define Dutton before he does it himself

Raising the share allegations is not to resolve them one way or another, but to throw mud on the cusp of an election in the hope people believe the worst – as they almost always do.

By the middle of last year, the only two election outcomes being seriously contemplated were a Labor majority and a Labor minority.

That began to change in July when The Australian Financial Review/Freshwater Strategy poll showed the Coalition, for the first time, had moved ahead of Labor in that it was leading the two-party-preferred vote by 51 per cent to 49 per cent.

23319310299a314339c29c96973b7fd5424fe1c6.jpg

It was in the second half of last year, as the momentum began to shift towards the enemy, that Labor started intensifying its focus on Dutton. Rhett Wyman

Over ensuing months, Peter Dutton’s personal standing continued to grow as Anthony Albanese’s kept falling. It was not a case of a stagnant Dutton benefiting solely from a decline in support for the prime minister.

In December 2022, Albanese’s rating as preferred prime minister was 55 per cent and Dutton’s was 29 per cent, but by October 2023 the poll showed Dutton had drawn statistically level with Albanese Dutton, 43 per cent versus 44 per cent.

Fast-forward to today and the two main election outcomes being most seriously contemplated are a Labor minority and a Coalition minority.

Thus, it was in the second half of last year, as the momentum began to shift towards the enemy, that Labor started intensifying its focus on Dutton.

“That’s not a bloke pretending to have grown up in a shoebox eating cold gravel and going to school barefoot.”
Mid-way though last term, Albanese, as opposition leader, embarked on a deliberate and effective strategy to assassinate Scott Morrison’s character after picking up on the flaws that the electorate would eventually cotton on to as well.

Dutton has proved a much harder nut to crack. In the latter half of last year, as Dutton and the Coalition began to consolidate, Labor started conducting research in an attempt to find ways to demonise Dutton.

Targeting integrity is the best way to destroy someone in politics but, according to those familiar with the Dutton exercise, nothing would stick. That’s because even his detractors accept he’s genuine in terms of his principles and beliefs.

With the election to be called any day, Labor’s efforts over that past few months have surfaced this week in the form of a supposedly dodgy share buyback in January 2009.

The base allegation is that Dutton got wind of a policy that would boost the value of bank stocks so he bought up big in the days before. There is no evidence to corroborate the allegations and, at the time, the ASX detected nothing untoward and did not contact the Australian Securities and Investments Commission.

The suggestion is that as a member of shadow cabinet, Dutton found out when the Turnbull opposition was briefed on the policy announcement.

There have been calls to release the minutes of shadow cabinet, but shadow cabinet does not, or back then at least, did not keep minutes. Some of Dutton’s then shadow cabinet colleagues, speaking on condition of anonymity, cannot recollect it being discussed in that forum.

That dossier of allegations was prepared by Labor’s dirt unit.

This was more or less confirmed to the ABC’s 7.30program on Wednesday night by Labor MP Andrew Charlton who, in his capacity as a former economic adviser to Kevin Rudd during the GFC, was wheeled out to portray Dutton as someone obsessed with lining his pockets in a time of national hardship.

Charlton was an odd choice of attack dog given his own considerable personal wealth, and the running joke around Parliament about how he had to leave his house in Bellevue Hill to take up residence in his electorate of Parramatta.

The object, of course, of raising the share allegations is not to resolve them one way or another, but to throw mud on the cusp of an election in the hope people believe the worst, as they almost always do.

It was the same the next day when The Sydney Morning Herald produced a detailed account of Dutton’s property investments over more than three decades, stemming back since his days as a young man when he got into property with his bricklayer father.

The story was a genuine look at Dutton’s past, not something the dirt unit trawled up. Still, the government leapt on it with aplomb, saying a bloke with that sort of asset wealth surely can’t empathise on the cost of living.

Truth be told, a net profit of $6.8 million after flipping 26 properties over 35 years, hardly makes him Rockefeller.

“If I was smart, I would have kept every one of the properties, but instead I had to sell one to buy the next one so it’s just a recycling of the same money,” Dutton said.

None of this pesky detail really matters. The object here is to fill in the blanks for voters who have well-formed views of Albanese, be they ill or otherwise, but are just starting to get their heads around Dutton.

The spin from Labor is that Dutton has falsely affected a working-class chic and the share buy-up and property portfolio will all expose him as a fraud and a little bit crooked.

Which doesn’t quite compute with reality. While Dutton’s not talked about his past very much, when he has, it’s a classic tale of middle-class aspiration.

He talks fondly about working his ring off to buy his first house at 19, buying his first shares at a similar age, his pedigree in business and, most recently, buying his son a subscription to The Australian Financial Review to help him understand how to get ahead.

That’s not a bloke pretending to have grown up in a shoebox eating cold gravel and going to school barefoot.

Indeed, Dutton was ultra-careful not to join the pile-on late last year when Albanese bought his $4.3 million beach house at Copacabana Beach. Other than to suggest the prime minister looked like he was contemplating retirement, which was also the reason so many of Albanese’s colleagues were peeved.

Had Albanese bought that house in Sydney, no one would have batted an eyelid. However, the purchase did burst Albanese’s working-class bubble and much of the strategy behind going after Dutton for also having money is to encourage voters, who may have given up on Labor, to at least go elsewhere, such as an independent.

Labor needs to be careful, given it demonised wealth in 2019 to its detriment when then-leader Bill Shorten and shadow finance minister Jim Chalmers led the charge in labelling every business owner, big or small, the top end of town.

It was actually Albanese who broke ranks with that strategy by using the annual Whitlam Oration to decry his party’s then “toxic relationship” with business.
 
He talks fondly about working his ring off to buy his first house at 19, buying his first shares at a similar age, his pedigree in business and, most recently, buying his son a subscription to The Australian Financial Review to help him understand how to get ahead.
That’s not a bloke pretending to have grown up in a shoebox eating cold gravel and going to school barefoot.
The base allegation is that Dutton got wind of a policy that would boost the value of bank stocks so he bought up big in the days before. There is no evidence to corroborate the allegations and, at the time, the ASX detected nothing untoward and did not contact the Australian Securities and Investments Commission.
Targeting integrity is the best way to destroy someone in politics but, according to those familiar with the Dutton exercise, nothing would stick. That’s because even his detractors accept he’s genuine in terms of his principles and beliefs.
Truth be told, a net profit of $6.8 million after flipping 26 properties over 35 years, hardly makes him Rockefeller.
“If I was smart, I would have kept every one of the properties, but instead I had to sell one to buy the next one so it’s just a recycling of the same money,” Dutton said
Dutton takes every opportunity to enrich himself while voting against tax and cost of living relief relief for everyone else.

What a man. :rolleyes:
 
Some good news for the workers.
Labor to stop the biannual rise in draft beer tax if re-elected.

Match it Coalition.

It's ridiculous, we have the third most expensive beer in the world and that includes all the Muslim countries that tax highly.

Our boutique brewers are going broke. Beer is meant to be the working man's cheap drink.
 
He should explain this. He bought massive amounts of 3 banks shares.

Separate report published by News Corp about bank shares the opposition leader bought during the global financial crisis.

The story revealed the shares were bought just days before the Rudd government announced a multi-billion-dollar bailout of the banks — a policy Mr Dutton's leader Malcolm Turnbull had been briefed on.
 
He should explain this. He bought massive amounts of 3 banks shares.

Separate report published by News Corp about bank shares the opposition leader bought during the global financial crisis.

The story revealed the shares were bought just days before the Rudd government announced a multi-billion-dollar bailout of the banks — a policy Mr Dutton's leader Malcolm Turnbull had been briefed on.
The question is, if he misused privileged information as a shadow Minister, what would he do with the information he gets as Prime Minister?
 
Look at his voting record in Parliament.

I just spent 30 minutes looking and cannot find a single thing to back up your accusation "Dutton takes every opportunity to enrich himself". I'm not saying that you are wrong or right, I am only asking that you show your evidence.
 
I just spent 30 minutes looking and cannot find a single thing to back up your accusation "Dutton takes every opportunity to enrich himself". I'm not saying that you are wrong or right, I am only asking that you show your evidence.
I was talking about all his votes against tax relief, electricity bill relief, higher minimum wages, child care subsidies and so on.

Do you wish to deny that he has voted against all these measures?
 
I was talking about all his votes against tax relief, electricity bill relief, higher minimum wages, child care subsidies and so on.

Do you wish to deny that he has voted against all these measures?

No. But he is voting on his principles and what a portion of the electorate want. How is what you said “Dutton takes every opportunity to enrich himself while voting against tax and cost of living relief relief for everyone else” going to “enrich himself”?
 
@SirRumpole What an ar**hole. and arrogant to boot.

I must admit that I have never met the man, so I can't comment on his personality. I could make judgement from his appearances in the media, but they are 5-minute grabs.

It is sad to see Australia fall so far down the ladder that we regularly bash peoples reputation without a fair trial. No wonder our youth march on the streets for nations with rulers like the Hamas, and for separation of state by wanting to create an Aboriginal nation within one that represents all Australians. Rule by division, throw mud before debate on any that has a different opinion.

No wonder it is a struggle to get intelligent and qualified people to take position of leadership in government, no one smart enough would want to be constantly called names in front of their family and friends.
 
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