The Abbott Government

[sydboy007]

This great man is listening to the people and that is his job

Hmmm. Seems he has slogan deafness then because he's been trying to force on the people he's supposedly listening to a lot of policies that they don't want and which don't particularly address the issue of competitiveness we're facing, nor the looming demographics tsunami.

Still try to force through changes to university education to lock out the poor, changes to unemployment benefits to lock the poor into destitution.

His call for a mature debate about the GST is probably his first attempt to positive reform, but considering the blatant hypocrisy I'm not sure anyone is listening, which is unfortunate. Providing the states with a better revenue source would help dramatically, but then the states already have the ability to do this via land taxes but they choose to avoid the political backlash.

 

[noco]

The sloganeering has lost it's impact. No one really believes the sky is going to fall as the imperative was portrayed. It just looks like the govt cant govern or negotiate and apparently Ms Gillard has garnered a new support base from the hindsighters who wonder how she managed to get bills/legislation through an even more hostile opposition.

The Senate dear Watson......she had control of the Senate with her beloved Green Fabians....that was the key to her success.

 

[So_Cynical]

The Senate dear Watson......she had control of the Senate with her beloved Green Fabians....that was the key to her success.

A negotiated success, not a blanket (we will pass anything) agreement...a negotiated, bit by bit success.

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1 vote Tony has replaced a Carbon levy that raised money that was used to fund economic capacity with a 2.5 billion dollar direct action give away, with an ETS study and the retention of the climate change office.

Back flips galore.

 

[noco]

A negotiated success, not a blanket (we will pass anything) agreement...a negotiated, bit by bit success.


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1 vote Tony has replaced a Carbon levy that raised money that was used to fund economic capacity with a 2.5 billion dollar direct action give away, with an ETS study and the retention of the climate change office.

Back flips galore.

She had a signed agreement with that Fabian comrade of hers, Bob Brown or have you forgotten?

Bring on a Carbon dioxide tax and we will agree to give way to anything you want...that was our Bob.

I have my doubts about that direct action plan.......I think it will fade away...it certainly is not going to do anything for the environment no more than that stupid Carbon dioxide tax.......That was Green/Labor con job.

 

[drsmith]

The ETS study period is to see uncle Clive off as a political force.

 

[Logique]

The Senate can be bypassed? What the..?

http://www.abc.net.au/news/2014-10-28/tax-on-petrol-to-increase-on-november-10/5846882

Prime Minister Tony Abbott has defended the Government's decision to bypass the Senate and push through a fuel tax increase, saying the Coalition has a mandate to fix the budget.

The Government has been unable to get the Senate numbers to increase the excise, so is instead using a Customs tariff to achieve the same outcome without the need for a parliamentary vote...

 

[noco]

The Senate can be bypassed? What the..?

Logique, Abbott can only hold that fuel excise for 12 months when it then must go to the Senate and that will probably be the time it is thrown out.

 

[So_Cynical]

She had a signed agreement with that Fabian comrade of hers, Bob Brown or have you forgotten?

Bring on a Carbon dioxide tax and we will agree to give way to anything you want...that was our Bob.

Short memory? the boats - Malaysia...remember?

or would you prefer that the facts not get in the way?

The ETS study period is to see uncle Clive off as a political force.

May see off 1 vote Tony as well, its his back flip, Tony's ETS / renewable energy agency lie.

 

[Smurf1976]

Tony's ETS / renewable energy agency lie.

Given that this is a stock market forum, perhaps the most interesting aspect of it all is that Labor is now the "natural" party to vote for if you support free markets as an ideal, with the Liberals moving more toward central planning.

It's a reversal of the historic role and that which one would logically expect. But the Coalition would seem to have ditched its' longstanding view that "the market knows best" in favour of greater government intervention.

Looking specifically at energy, the combined set of actions as they affect electricity, gas and petroleum are pretty much straight out of the energy central planners' text book and a long way removed from the concept of a free market as such.

The unanswered question is to what extent Tony and co "get it" and are taking such actions intentionally, and to what extent they've done it coincidentally amidst a grab for cash.

 

[IFocus]

The funniest thing about about Labor's ranting over the GST is that in government, they got treasury to model raising it and that backfired spectacularly on them in question time today.

Then there's Labor blocking spending cuts in the senate including their own. Let's not forget it's Labor's legacy this government is trying to deal with.

Ifocus, you may be enthralled with the status quo, where we keep running a 'fun park' economy. However sooner or later someone has to pay for it.

I just hope it is the slum lords and the property tycoons.lol

The problem with the current stale mate is, the debt becomes bigger and the cuts will eventually become greater.
It's a shame that Labor can't be honest, with the people they are supposed to represent.

Do you think with the debt and deficit blowing out, it will be better for the masses, if they defer cuts?

You know and I know, the longer they defer the cuts, the bigger they will be.

It amazes me Doc, that the Labor barnacles can't see the lunacy to their arguement.

They stuffed it, they had two terms to fix it, now they won't let anyone repair it.

Priceless stupidity.

I think dopy Shorten is thinking, he will be able to say, "look the coalition were going to cut spending, we stopped it"
The coalition will say, "The debt has blown out to $x, put Labor in and it will be 4$x. Sooner or later we go broke".

Labor is being stupid, let the coalition bring in the cuts and fix the economy. Then say we will cut the austerity, Shorten is too dumb for words.

So you didn't read the article then

 

[sptrawler]

So you didn't read the article then

Certainly did and it doesn't change the facts at all.

Labor spent on illogical non revenue generating thought bubbles, while tax reciepts were dropping.
They then tried to plug the ballooning deficits by knee jerk tax policies, that put further pressure on small to medium business.
As is now being revealed, they understood the shortcommings of their illogical bandaid taxes and investigated the obvious, changes to the GST.
But the problem the last Government had, came to the fore again, they couldn't put Australia before themselves and their personal aspirations.

Getting back to the left over debt and current deficit.
The tax system requires overhauling to meet our current expenditure and expected increase in expenditure as the population ages.
The fact Labor want to leave the status quo is irresponsible and dumb, unfortunately many want to believe everything can stay the same.
Greece, Spain, Italy, Ireland etc are proof it isn't sustainable, to keep spending more on welfare and services, than you take in tax reciepts.
The fact that Shorten was a party to the government that blew out our debt, and now won't engage in negotiation to remedy the situation, just shows his ignorance and arrogance.IMO

 

[drsmith]

Short memory? the boats - Malaysia...remember?

or would you prefer that the facts not get in the way?

How many boats this year without that dodgy deal ?

Even shorter memory.

May see off 1 vote Tony as well, its his back flip, Tony's ETS / renewable energy agency lie.

Look at the results of recent NSW by-elections,

http://www.abc.net.au/elections/nsw/2014/charlestown_newcastle/default.htm

Politically, uncle Clive's bubble has already burst.

 

[drsmith]

So you didn't read the article then

No comments on the points at hand ??

No surprise there.

 

[sydboy007]

Given that this is a stock market forum, perhaps the most interesting aspect of it all is that Labor is now the "natural" party to vote for if you support free markets as an ideal, with the Liberals moving more toward central planning.

It's a reversal of the historic role and that which one would logically expect. But the Coalition would seem to have ditched its' longstanding view that "the market knows best" in favour of greater government intervention.

Looking specifically at energy, the combined set of actions as they affect electricity, gas and petroleum are pretty much straight out of the energy central planners' text book and a long way removed from the concept of a free market as such.

The unanswered question is to what extent Tony and co "get it" and are taking such actions intentionally, and to what extent they've done it coincidentally amidst a grab for cash.

Yes, I find DA to be so Soviet Era central planning that it amazes me how they can talk about free markets with a straight face any more.

Now it's a true 20% RET when the original target was set to be a MINIMUM 20%, not an absolute figure. Even their own handpicked modellers have predicted the RET will save consumers, and more so businesses, money over the long term than reducing it will.

Ths Government is definitely in the pocket of coal. Me thinks Tony gets most of his infomration from Hector up in Queensland.

http://www.dbct.com.au/hector-instructions

 

[sydboy007]

Certainly did and it doesn't change the facts at all.

Labor spent on illogical non revenue generating thought bubbles, while tax reciepts were dropping.
They then tried to plug the ballooning deficits by knee jerk tax policies, that put further pressure on small to medium business.
As is now being revealed, they understood the shortcommings of their illogical bandaid taxes and investigated the obvious, changes to the GST.
But the problem the last Government had, came to the fore again, they couldn't put Australia before themselves and their personal aspirations.

Getting back to the left over debt and current deficit.
The tax system requires overhauling to meet our current expenditure and expected increase in expenditure as the population ages.
The fact Labor want to leave the status quo is irresponsible and dumb, unfortunately many want to believe everything can stay the same.
Greece, Spain, Italy, Ireland etc are proof it isn't sustainable, to keep spending more on welfare and services, than you take in tax reciepts.
The fact that Shorten was a party to the government that blew out our debt, and now won't engage in negotiation to remedy the situation, just shows his ignorance and arrogance.IMO

Yet Abbott has:

* Blocked limiting the costs of Novated leases
* Gave up over $8B in revenue a year from the carbon tax, but kept the increase welfare payments and tax cuts
* Gave up at least $500M from the resource tax, which was projected to start providing reasonable amounts of revenue from the next FY.
* saddling the top 3000 companies with a levy tax to pay for his PPL
* Spending billions on DA to try and encourage companies to not pollute as much as they currently do.
* Is working with the QLD Govt to try and get Adani's Carmichael coal mine to float at a break even cost of $100 a tonne when thermal coal is sitting at $65 and still falling.
* Provided over $8B to the RBA helping to inflate last years deficit.
* 3-1 infrastructure spend in Coalition seats compared to all other parties

So it seems your fiscal managers are happy to spend spend spend, but so far the savings have been poor or draconian and rightly fought against in the senate.

 

[noco]

Yet Abbott has:

* Blocked limiting the costs of Novated leases
* Gave up over $8B in revenue a year from the carbon tax, but kept the increase welfare payments and tax cuts
* Gave up at least $500M from the resource tax, which was projected to start providing reasonable amounts of revenue from the next FY.
* saddling the top 3000 companies with a levy tax to pay for his PPL
* Spending billions on DA to try and encourage companies to not pollute as much as they currently do.
* Is working with the QLD Govt to try and get Adani's Carmichael coal mine to float at a break even cost of $100 a tonne when thermal coal is sitting at $65 and still falling.
* Provided over $8B to the RBA helping to inflate last years deficit.
* 3-1 infrastructure spend in Coalition seats compared to all other parties

So it seems your fiscal managers are happy to spend spend spend, but so far the savings have been poor or draconian and rightly fought against in the senate.

The highest carbon dioxide tax in the world = higher manufacturing costs = companies going off shore = higher unemployment.

I thought the Green/Labor party were friends of the hard working families......how can they be when they destroy jobs.

Cut costs, reduce power prices, cut red tape and green tape, reduce union control = more jobs....very clever thinking.

 

[SirRumpole]

The highest carbon dioxide tax in the world = higher manufacturing costs = companies going off shore = higher unemployment.

I thought the Green/Labor party were friends of the hard working families......how can they be when they destroy jobs.

Cut costs, reduce power prices, cut red tape and green tape, reduce union control = more jobs....very clever thinking.

More jobs ?

Certainly not in the renewable energy sector. The coal industry won't be taking up all those unemployed solar cell installers or compensating the solar and wind companies now going broke.

NO COALition.

 

[sptrawler]

More jobs ?

Certainly not in the renewable energy sector. The coal industry won't be taking up all those unemployed solar cell installers or compensating the solar and wind companies now going broke.

NO COALition.

They can join the ones Labor sent broke when they shut down their home insulation debacle, the solar panel manufacturers that went offshore when Labor introduced the carbon tax.
How selective our memory is, that goes for all of us.

 

[sptrawler]

Yet Abbott has:

* Blocked limiting the costs of Novated leases
* Gave up over $8B in revenue a year from the carbon tax, but kept the increase welfare payments and tax cuts
* Gave up at least $500M from the resource tax, which was projected to start providing reasonable amounts of revenue from the next FY.
* saddling the top 3000 companies with a levy tax to pay for his PPL
* Spending billions on DA to try and encourage companies to not pollute as much as they currently do.
* Is working with the QLD Govt to try and get Adani's Carmichael coal mine to float at a break even cost of $100 a tonne when thermal coal is sitting at $65 and still falling.
* Provided over $8B to the RBA helping to inflate last years deficit.
* 3-1 infrastructure spend in Coalition seats compared to all other parties

So it seems your fiscal managers are happy to spend spend spend, but so far the savings have been poor or draconian and rightly fought against in the senate.

Yes Syd, as I said it is a shame Shorten won't man up and negotiate sensible tax and welfare reform, rather than let Palmer force silly compromise outcomes.

 

[noco]

They can join the ones Labor sent broke when they shut down their home insulation debacle, the solar panel manufacturers that went offshore when Labor introduced the carbon tax.
How selective our memory is, that goes for all of us.

+1....Shhhh...don't mention the Labor stuff ups...that is taboo.