Australian (ASX) Stock Market Forum

The Abbott Government

Not so sure about that one SP.

Abbotts best assets will be next year when the Victorian Labor party goof and if Labor take over the reigns in Queensland...Both states will be in a hell of a financial mess by then and voters will start to realize Labor aren't all they are cracked up to be.
Palaszczuk has not indicated any plan how to fix the Queensland finances, so she will go on borrowing money like Anna Bligh did....More debt and deficit is in Labor's DNA....They just do not know how to handle money.

You can't expect to retain office, on the assumption others will stuff up, thereby making your stuff ups look better.

What the coalition has suggested, probably needs implementing, to implement it requires public support.

They handled the selling of it in a ham fisted way, somewhat like Labors handling of the post GFC handouts.

They shot from the hip with spending cuts, before they carried out the review of the tax system, resulting in another blow your feet off situation.

Labor were crucified for ineptness and pandering to minority party agendas, the LNP have fared no better.

Sad really.
So what do we do now, hope that someone finds batteries, for the magic wand.:D
 
We are already having problems here in Vic, noco, you don't have to wait until next year.
This whole fiasco with Daniel Andrews is already costing Victoria dearly.
We seem to be spending a lot of money in courts, because of Daniel Andrews, now and before he was elected.

Agree with you, sptrawler, but in saying that, I was glad that Abbott came through and am hoping that he can change and listen to what the others are saying.

My local has been vocal on both federal and state, and I am glad that he is.
 
Hockey has told the Coalition party room the deficit will be about 56 billion dollars!
Even if his budget had of gone through the deficit would still be at best 45 billion dollars!
Some thinking is needed, yet aren't they promising tax cuts in the next budget????
I don't think they know what to do.
 
Not so sure about that one SP.

Abbotts best assets will be next year when the Victorian Labor party goof and if Labor take over the reigns in Queensland...Both states will be in a hell of a financial mess by then and voters will start to realize Labor aren't all they are cracked up to be.
Palaszczuk has not indicated any plan how to fix the Queensland finances, so she will go on borrowing money like Anna Bligh did....More debt and deficit is in Labor's DNA....They just do not know how to handle money.

By the same token the punters are already waking up to the fact the Abbott Govt has no answers to the massive economic issues we're facing.

When was the last time you heard a Govt minister talk about productivity reforms that didn't involve cutting wages?

The Abbott Govt hasn't stabilised the budget, let alone got it anywhere near balanced. Do you think by late 2016 the picture is going to be any prettier than it is now? Talk of Ford pulling up stumps this year, with the associated closures of component manufacturers. Will probably make Holden close early too. Then there's 10000 direct jobs for the CSG LNG plants in QLD as construction is completed, with another 10000 gone from the associated support services and retail jobs in the area. Roughly 500 jobs survive in the operational phase.

Both major parties have no idea. They're hooked on the population housing ponzi. We've nothing left. What's left of the tradeables sector isn't nearly enough till fill the dearth of demand that's coming. Yet the Abbott Govt is hell bent on bringing in more and more "workers" to suppress wages. That in turn keeps pumping up land prices and exacerbating our lack of competitiveness, increases congestion, and causes the need for more spending on infrastructure to cope with the increased demand.

Where's the adult conversation about our world leading tax expenditures? Where's the desire to see the balancing of the budget shared by all, instead of what we got in the last budget of forcing most of the costs onto the poor and those who are least able to afford it?

The current mob in power are pretty much toast. Why not go out with a bang on some meaningful reform and target super concessions and negative gearing? Why not talk about getting Govt revenue back up to around 25% of GDP which is what seems to be required to balance the budget? How about stepping out of the way of Infrastructure Australia and let them decide where spending will best boost productivity so that we can save some construction jobs from the mining CAPEX cliff. We can't afford more Abbot infrastructure investments that provide a 55% economic loss.

The thing is, good economic reform has the facts behind you, with a lot of support not only from businesses but from a lot of other groups. How about the Abbott Govt sit doing with ACOSS ACTU and BCA and nut out some good policy that will have active support from these groups? They got together themselves in despair over what Abbott has been up to. Isn't that the kind of support this Govt needs?
 
Can anyone tell me how the open / closed tendering system works so Japan gets to build the subs?

Is it normal for liberal MPs from SA to be complete dopes believing Abbott?
 
I know it is bit picky, but what you have said there is one of the main problems, the defence force were getting a pay rise not a pay cut.:D

J

They were suppose to get 3% instead got1.5% well below the rate of inflation mean while Abbott drapes himself in the flag along side our best serving in harms way.........complete dog act from Abbott but we all know thats how he is.

Forgot to add throws money for padres in schools clearly saving souls in priority.
 
An utterly disgraceful way to treat a junior backbencher.

http://blogs.news.com.au/heraldsun/..._question_of_loyalty_but_who_owes_it_to_whom/

...[Wyatt] Roy, trying to be helpful, stood at the table to tell the Prime Minister that broken promises were the fundamental cause of the government’s problems. It might be a good idea, Roy suggested, to apologise to people a la Peter Beattie and move on.

Abbott was furious. He rounded on Roy, yelled at him, then directed his remarks to all of them that there were no effing broken promises and no one should concede there had been...
 
An utterly disgraceful way to treat a junior backbencher.
I'd like to know whether Liberal insider Niki Savva was there or whether that was a leak to her.

Either way it doesn't look good. As it reads, poor Wyatt Roy copped a large serve of towing the party line.

I's suggest he'd have been one that would have voted in favour of the spill.
 
So Tony lies in private as well as in public.........

Ranting and raving is not a good look, even in private as it's bound to leak out.

Just another indication of an unstable personality. Maybe as bad as Rudd but without the brains...
 
http://blogs.news.com.au/heraldsun/a...es_it_to_whom/

...[Wyatt] Roy, trying to be helpful, stood at the table to tell the Prime Minister that broken promises were the fundamental cause of the government’s problems. It might be a good idea, Roy suggested, to apologise to people a la Peter Beattie and move on.

Abbott was furious. He rounded on Roy, yelled at him, then directed his remarks to all of them that there were no effing broken promises and no one should concede there had been...

If that is an accurate reporting of the situation it is completely unnerving. It sounds both delusional and horrific leadership. It reminds me of the infamous Hitler bunker scene in Downfall when Hitler went off his brain at the useless general staff.

It would take an unreal change of attitude to win back respect after such outburst.:2twocents
 
How come the "new" LNP in Canberra is still setting up publicity stunts where they can ramble on about "Labor's Mess", "No Plan Labor", "No Policy Labor", etc etc?

I thought good government was starting last week, not govt masquerading as the No No opposition it was starting 2007.

An alien visiting would be forgiven in thinking Abbott and Coy were the opposition and Labor in charge.

I agree sydboy07 that the LNP is toast and should go out with a (sensible) bang. Maybe three years in the wilderness will allow them time to learn their product and how to govern without blaming everything on somebody else.

It is we the voters who put Labor in for two terms and the LNP currently, so any mess is our mess; and any criticism/insult of previous and current govts is a criticism/insult, as a democracy, on us.
 
From the US; a mob a tad more credible than the IPA. It's only with distance that you are able to perceive the true horror;

'A prominent US think tank has published a piece arguing that Tony Abbott is the most incompetent leader of an industrialised democracy and has 'proven so incapable' that he has to go.'

Read more: http://www.dailymail.co.uk/news/art...ing-review-PM-s-leadership.html#ixzz3RZSWnYDp
Follow us: @MailOnline on Twitter | DailyMail on Facebook

http://www.dailymail.co.uk/news/art...nk-gives-scathing-review-PM-s-leadership.html

It's only the navel gazing of the LNP that they are able to protect themselves with boiler plate like ignorance.

Team Australia, the wooden spoon?
 
How come the "new" LNP in Canberra is still setting up publicity stunts where they can ramble on about "Labor's Mess", "No Plan Labor", "No Policy Labor", etc etc?

I thought good government was starting last week, not govt masquerading as the No No opposition it was starting 2007.

An alien visiting would be forgiven in thinking Abbott and Coy were the opposition and Labor in charge.

I agree sydboy07 that the LNP is toast and should go out with a (sensible) bang. Maybe three years in the wilderness will allow them time to learn their product and how to govern without blaming everything on somebody else.

It is we the voters who put Labor in for two terms and the LNP currently, so any mess is our mess; and any criticism/insult of previous and current govts is a criticism/insult, as a democracy, on us.
I hope we're not about to start pretending that Labor who sit in the senate blocking their own budget savings are saints both in opposition and from their last time in government.

Governments in office make spending decisions well beyond their time in office. Labor for example did deals with the states on education that even went beyond the 4-year budget estimates (Gonski) that were financially unsustainable.

We know Labor will bring back a carbon price, a mining tax and not turn back the boats.

What else will they do and how would they fund it ?
 
We know Labor will bring back a carbon price, a mining tax and not turn back the boats.

What else will they do and how would they fund it ?

This is starting to sound like the "Reds under the Beds" excuse that kept Menzies and Bjelke Peterson in government for many years.

The public are more cynical about that type of scare tactics now as Queensland recently demonstrated.

The best example of scare tactics exhibited in Australian politics these days is two people, Tony Abbott and Joe Hockey.
 
This is starting to sound like the "Reds under the Beds" excuse that kept Menzies and Bjelke Peterson in government for many years.

The public are more cynical about that type of scare tactics now as Queensland recently demonstrated.

The best example of scare tactics exhibited in Australian politics these days is two people, Tony Abbott and Joe Hockey.

"REDS UNDER THE BED"????????

Ah yes...no more under the bed....they are now out in the open and gaining strength and they are winning.

I won't mention the "F" word.
 
I hope we're not about to start pretending that Labor who sit in the senate blocking their own budget savings are saints both in opposition and from their last time in government.

Governments in office make spending decisions well beyond their time in office. Labor for example did deals with the states on education that even went beyond the 4-year budget estimates (Gonski) that were financially unsustainable.

We know Labor will bring back a carbon price, a mining tax and not turn back the boats.

What else will they do and how would they fund it ?

Well, if you don't support raising relatively efficient taxes, and you do support Abbott for cutting the taxes but not associated spending, then exactly how do you propose they get the budget towards a more even keel? Waiting 1.5 years to even look at tax reforms when they claimed the budget was in CRISIS seems to be like moving the deck chairs on the titanic.

They've distanced themselves from the Murray Financial Review, so meaningful reform looks unlikely. They're hiding the intergenerational report and wont release costings for their internet tax. The Govt seems to be getting more and more secretive and definitely losing the ticker to realy do anything meaningful till the next election.

So I'm wondering what justification they'll provide for the $50B deficit that's coming our way. Surely it' only wasteful spending and incompetence that could see the budget blow out that badly, well at least that's what Hockey was gleefully saying in opposition.
 
This is starting to sound like the "Reds under the Beds" excuse that kept Menzies and Bjelke Peterson in government for many years.

The public are more cynical about that type of scare tactics now as Queensland recently demonstrated.

The best example of scare tactics exhibited in Australian politics these days is two people, Tony Abbott and Joe Hockey.
What are Labor's policies beyond bringing back a carbon price, a mining tax, not turning back the boats and how would they fund it ?

I posed that as a question.
 
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