Lucky - the only depression (at least in NSW) next week is a bit of welcome rain.......
In 1929 the Scullin Labor Government won a landslide victory and took office just two days before the New York Stock-Exchange (NYSE) crash of Black Thursday, 24 October, which ushered in the Great Depression of the 1930s.
You'll notice a bit missing there between 1941 and 1949.SIR ROBERT GORDON MENZIES
16th and 21st PRIME MINISTER
26 APR 1939 - 29 AUG 1941;
19 DEC 1949 - 26 JAN 1966
Cats love ear wax as it smells great. It has a bitter sweet flavour and goes well with a bowl of milk and Chinese rice.
What a crack up! First time i've seen this thread. Shame on me.
Question... Why do some people get so emotional over politics? Is it a problem posting political opinions?
Build a bridge...
I for one wish I never enroled to vote! What a waste of 15 minutes on a Saturday afternoon.
1. He said the price of petrol, which hit a record high of $1.62 per litre in capital cities earlier this week, was largely out of his control.[/I]
Wow! And in this man we trust to lead us into the future.
Sorry, but I think the man is a Luddite and possibly worse...though saying why may be slander.
....Come on Mr Rudd. There have to be some of your believers reading this to forward this challenge: Show us you are no Luddite.
http://dictionary.reference.com/browse/luddite
Luddite...One who opposes technical or technological change.
After Ned Ludd, an English laborer who was supposed to have destroyed weaving machinery around 1779
well, I seem to recall the first thing that Howard did when he got in way back 11 years whatever was to sack most of the CSIRO scientists
What is in his control at present ,fuel,food ,interest rates..............thats right the warm and fuzzy feeling summit we had.Another brainer the alcopop tax to stop binge drinking teenagers $50million per month to coffers and has just driven teens to buy bottles of spirits and mix themselves.At what time frame do we stop blaming previous leadership
THE UNPROMISING EARLY HOWARD YEARS
The Coalition’s 1996 electoral platform promised an activist industry policy (Liberal Party of Australia 1996) but they immediately negated the promise on obtaining office. The first Budget’s priority was the slashing of expenditure, a vehicle for contrasting the Coalition’s fiscal credentials with Labor’s seeming fiscal profligacy,
..., the Government reduced the maximum tax deduction on R&D expenditures from 150 per cent to 125 per cent, estimated to save $450 million (57 per cent of 1995–96 budgetary cost).
....
late 1997... the Government responded with the Investing for Growth statement (Commonwealth of Australia 1997). The statement comprised a grab bag of programs with no evident underlying motif. Its ‘bitsiness’ was reminiscent of broad policy statements by Labor between 1991 and 1994, the difference being that many of the programs in Investing for Growth involved a resurrection or extension of programs previously forged by Labor (Jones 2000, p. 64).
The status of Investing for Growth was further compromised by obfuscation on the expenditure quantum. The formal commitment was for additional spending of $1.26 billion. However, the ensuing Budget (1998–99) clouds the figures for the relevant categories; the foreshadowed additional sum involved considerable repackaging of existing commitments. The net additional planned expenditure was less than the promised sum.
In short, the Coalition Government wasted two years through apparent cynicism and indifference towards the industry policy portfolios. In 1998 and after, a more stable regime was effected. Elements of this package include (with Labor antecedents in parenthesis):
a) the R&D tax concession (1985 Labor initiative, albeit deductibility reduced from 150 per cent to 125 per cent in 1996–97 Budget)
b) the Rural Industries Research and Development Corporation: public matched funding for private research initiatives in rural sector ‘problem areas’ (1990 Labor initiative)
c) the Cooperative Research Centres Program: public subsidisation of focused industry/university research clusters (1990 Labor initiative)
d) R&D Start: a competitive grants scheme to facilitate research and development (reconstruction of a bipartisan grant program beginning in 1967, recently re-fashioned by Labor under an umbrella Industry Innovation Program 1993)
e) Commercialising Emerging Technologies (COMET); established in 1999 to complement R&D Start ‘downstream’ at the commercialisation stage
f1) venture capital (VC) vehicles: Pooled Development Funds, which gave tax incentives for VC fund managers investing into SMEs (One Nation 1992); .....
f2) Innovation Investment Fund 1998; Venture Capital Limited Partnerships 2002: access to the PDF scheme by non-resident tax-exempt funds; and the Pre-Seed Fund 2002 which encourages private investment in public sector research
g) Strategic Investment Facilitation for major projects (One Nation 1992)
h) Major National Research Facilities Program (Labor's Working Nation 1994)
i) AusIndustry: an overall institutional platform for the more effective dissemination and take-up of industry programs (Working Nation 1994).
Well 20/20 looks like your Saturday arvo is going to be exciting ,defending Rudd all day I hope he appreciates your gallant efforts:
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