And on this note I bid you all adieu as my OCD is now satisfied. See you all later and thanks very much for having me. It was fun. Goodbye.
Trainspotter, what are you going on about?
Anyway, you promised to retire.
Aaaaaaaah my vengeful fellow Libertarians. In this steroid riddled Fabian society that Herr Rudd has developed with the 800 million spent on consultants he has effectively claimed to be Ruler by proxy. Pontius Pilate style he has washed his hands of the whole Utegate affair and bathed himself in rose petal oils yet again. The media clamour at his feet waiting for tid bits to fall from his mouth to be treated as manna from heaven to be splashed across the newsprint with enough vigour and vim to crankstart a 5 litre Lister engine. Kruddy747 has criticised Turnbull in a China shop for relying on Godwin Grech BUT is this not the same psychiatrically challenged Treasury official who was in charge of 2 billion dollars for Ozcar ? Or is it a classic example of the lunatics running the asylum?
THE Auditor-General, Ian McPhee, has ... found Treasury wanting in its handling of Godwin Grech, saying it had over-relied on the bureaucrat. He should have received more help to implement OzCar, devised to provide financial guarantees to car dealers affected by the global financial crisis.
Mr Swan with great delectation reported to the assembles masses that 100's of pages of documentation were being sent to his own private home fax. But he did not read them all and did not know the outcomes. Mr Rudd stood up in parliament and said "Neither I, nor my office, have ever made any representations on his behalf," this statement has been chosen to have a dose of truth about it from the AG. The cleaners have come in and whitewashed the walls of democracy yet again. Shame Australia Shame.
Now before all you bib and brace wearing, card carrying communists, "hell no we won't go" kind of people get on your high horses and start charging at the windmills before you, let it be known that if this has upset you enough to want to reply, please ensure your seat is in the upright position, your seatbelt is buckled up and observe the no smoking sign. Tally Ho .... the game is afoot !!
Trainspotter, what are you going on about?
Anyway, you promised to retire.
Hope not, Transpotter keeps the commie hoards at bay - it would be an absolute tragedy to see this site generate into a KRudd socialist spin outlet!
Besides, ASF would be a bit less colorful without TS's comedic threads.
Cheers
Kevin Rudd is great , he is my whole idea of what a great leader should be, he is the chosen one .
shame on you asf
"i also think Bob hawke was a strong and fearless leader and is an excellent role model for all these nancy boy cry baby pollies we get these days "
Sorry you joke wasn't funny.
As you must not know ANYTHING about the fellow called Hawke !
Household misery ahead as government ends handouts
12/08/2009 8:30:00 AM
By Emma Thelwell, ninemsn Money
Households should brace themselves for months of financial hardship, despite the recent glut of upbeat news on employment, consumer spending and house prices, economic analyst BIS Shrapnel has warned.
Richard Robinson, senior economist at BIS, said that after spending $52 billion on cash handouts and infrastructure stimulus, the government is out of cash and will now be focusing on paying off its record $57.6 billion debt.
"With the government committed to returning the budget to surplus by the middle of next decade, there will be no tax cuts of cash injections to boost disposable incomes and household spending over the medium term," he said.
This will lead to falling household incomes and weaker consumer spending, which will push unemployment up to as much as 8 percent during 2010, he added.
Homeowners are already steeling themselves for rising interest rates, flagged by the Reserve Bank of Australia last week.
Paul Braddick, head of property research at ANZ, said rising rates will put the biggest squeeze on household finances.
"The RBA has significantly changed its rhetoric. The next rate move will be up – with the bank needing to recoup 250-300 basis points over the next two years to bring it back in line with monetary policy.
"It will have a major impact on indebted households and first time buyers," he said.
Most economists expect a rate rise within the first three months of 2010.
While the economy is no longer expected to slide into a recession this year, BIS is forecasting a 17 percent fall in business investment next year - a major drag on economic growth which will see the nation enter its most difficult phase of the downturn.
The Australian economy will struggle to achieve growth of around 3 percent in the medium term, BIS concluded, slating a recovery for 2011.
A strong upswing in housing construction should lift the economy out of the mire, boosting growth over 2011/12 as consumer demand recovers and, in turn, business investment and employment regain momentum.
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