Australian (ASX) Stock Market Forum

Useless Labor Party

A very good idea from Labor.

Private enterprise in this country is so risk adverse that basically everyone in this country who has an idea has to go elsewhere to get it developed.

If the private sector does not support Australian inventions then the government should.

More Labor pie in the sky with a chance to waste more tax payers money.
 
Judith Sloan very nicely sums up the difference between a Labor run state and a Liberal run state.

Queensland has the biggest debt ($80 billion and climbing) thanks Labor's Peter Beattie and Anna Bligh which Newman's LNP tried to revive with asset sales.

Compare that to the NSW Liberal state government who are almost debt free.

Labor have no idea how to manage our finances.


http://www.theaustralian.com.au/opi...e/news-story/3d5674192f54cabcef4047ca5e842a0e
Forget a tale of two cities, consider a tale of two states, NSW and Queensland. When it comes to their public finances, it is a case of chalk and cheese.

NSW is rolling in it, with reven*ues pouring in by virtue of the strong residential property market and a series of adept asset sales boosting the balance sheet to the point that the state will soon be able to declare a position of zero net debt.

North of the Tweed, it is a different matter altogether. The recurrent* budget is in bad shape, made worse by the recommencement of public-sector hirings and over-the-top wage increases.

The debt of the state is excessive by any measure (Queensland was the first state to have its credit rating downgraded) and all the tricky accounting in the world doesn’t alter the parlous state of Queensland’s balance sheet.

Given the recent utterings of the Queensland Treasurer, Curtis Pitt, one thing is clear: he has an alternative career as a comedian.


Read more plus the readers comments.
 
Judith Sloan very nicely sums up the difference between a Labor run state and a Liberal run state.

Queensland has the biggest debt ($80 billion and climbing) thanks Labor's Peter Beattie and Anna Bligh which Newman's LNP tried to revive with asset sales.

Compare that to the NSW Liberal state government who are almost debt free.

Labor have no idea how to manage our finances.
I think you must treat this with an even hand Noco. NSW is a Labor State and debt and deficit is really their doing.

Of course Bolt, being the penultimate socialist, continues to pigeon hole people into social and political camps, denying the idea of individual freedom of expression:- if you aren't a supporter of the Liberal Party of Australia union, you are contemptible and need rehabilitating.
 
I think you must treat this with an even hand Noco. NSW is a Labor State and debt and deficit is really their doing.

Of course Bolt, being the penultimate socialist, continues to pigeon hole people into social and political camps, denying the idea of individual freedom of expression:- if you aren't a supporter of the Liberal Party of Australia union, you are contemptible and need rehabilitating.



Is that so ...well read the extract from the Australian.

Take the case of NSW. The latest* budget update inflates the budget surpluses that the state will run this year and the next three. Surpluses of $2.6 billion each year on average are now predicted, a significant jump from the expectation of the state budget. Additional conveyancing stamp duties of $863 million are now expected*, reflecting the buoyant, albeit cooling, Sydney residential real estate market.

But the really big-ticket item is the state’s successful sale of its electricity poles and wires (TransGrid) for $10bn and an additional $438m in transfer duty paid by the successful bidder.

This was a brilliant result, with the final sum made larger because of the Queensland government’s refusal to put any of its electricity assets up for sale, as well as an extra $2bn from the federal government as part of the Asset Recyclin*g program.

That comes on top of the successful leasing of ports and other asset sales by the NSW Coalition government.


This what Newman wanted to do for Queensland but that Useless Labor Party won the election with the propaganda from Labor and the unions on "DON'T LET THE LNP SELL YOUR ASSETS" and the naive swallowed it.
The Labor Party in NSW were thrown out of office also leaving behind a debt.

Labor left a debt of $12.5 billion in 2011.
 
Is that so ...well read the extract from the Australian.

Take the case of NSW. The latest* budget update inflates the budget surpluses that the state will run this year and the next three. Surpluses of $2.6 billion each year on average are now predicted, a significant jump from the expectation of the state budget. Additional conveyancing stamp duties of $863 million are now expected*, reflecting the buoyant, albeit cooling, Sydney residential real estate market.

But the really big-ticket item is the state’s successful sale of its electricity poles and wires (TransGrid) for $10bn and an additional $438m in transfer duty paid by the successful bidder.

This was a brilliant result, with the final sum made larger because of the Queensland government’s refusal to put any of its electricity assets up for sale, as well as an extra $2bn from the federal government as part of the Asset Recyclin*g program.

That comes on top of the successful leasing of ports and other asset sales by the NSW Coalition government.


This what Newman wanted to do for Queensland but that Useless Labor Party won the election with the propaganda from Labor and the unions on "DON'T LET THE LNP SELL YOUR ASSETS" and the naive swallowed it.
The Labor Party in NSW were thrown out of office also leaving behind a debt.

Labor left a debt of $12.5 billion in 2011.

That's not the point I'm making. Don't you ever get fed up listening to others whose credentials have never been tested, who wouldn't know you from a bar of soap and couldn't care less about balanced discussions?

The LNP in QLD stalled the economy and made us an indebted pariah state that even Victorians stay away from. Since the new govt there has been a marked upswing in construction and shortage of skilled labour.....you need to ask the coal face of industry not get facts second hand from a knucklehead who has a black heart.
 
That's not the point I'm making. Don't you ever get fed up listening to others whose credentials have never been tested, who wouldn't know you from a bar of soap and couldn't care less about balanced discussions?

The LNP in QLD stalled the economy and made us an indebted pariah state that even Victorians stay away from. Since the new govt there has been a marked upswing in construction and shortage of skilled labour.....you need to ask the coal face of industry not get facts second hand from a knucklehead who has a black heart.

Mate, I have given you the facts and a link to go with it but the rusted on Labor supporters just don't won't to accept the truth as to how bad the Labor Party are at managing our finances.

You state the Labor Party are doing a great job in Queensland not according to the latest reports which state construction work is at an all time low, unemployment is up and business confidence is way down and is the state with the highest debt thanks to the Beattie/Bligh government even in good mining times they still had to sell off $18 billion in assets.....Labor is holding Queensland back.....Labor has been asleep at the wheel since coming to office.....they have no plan for the future and are stumbling in the dark......Labor has ministerial problems with people who are incapable of doing their job....They have one member of parliament who has been in strife with women, who has been kicked out of the Labor Party and in the Premiers own words "he is not fit to be a member of parliament".

The LNP wanted to sell or lease some assets to pay for Labor's mismanagement and they went to the election with a mandate from the people and the rest is history as explained in my previous post.
 
Mate, I have given you the facts and a link to go with it but the rusted on Labor supporters just don't won't to accept the truth as to how bad the Labor Party are at managing our finances.

You state the Labor Party are doing a great job in Queensland not according to the latest reports which state construction work is at an all time low, unemployment is up and business confidence is way down and is the state with the highest debt thanks to the Beattie/Bligh government even in good mining times they still had to sell off $18 billion in assets.....Labor is holding Queensland back.....Labor has been asleep at the wheel since coming to office.....they have no plan for the future and are stumbling in the dark......Labor has ministerial problems with people who are incapable of doing their job....They have one member of parliament who has been in strife with women, who has been kicked out of the Labor Party and in the Premiers own words "he is not fit to be a member of parliament".

The LNP wanted to sell or lease some assets to pay for Labor's mismanagement and they went to the election with a mandate from the people and the rest is history as explained in my previous post.

I never said Labor were doing a great job did I?
 
I never said Labor were doing a great job did I?

The LNP in QLD stalled the economy and made us an indebted pariah state that even Victorians stay away from. Since the new govt there has been a marked upswing in construction and shortage of skilled labour.....you need to ask the coal face of industry not get facts second hand from a knucklehead who has a black heart.

Your words.

But you are quiet happy to defend them...I think you want 2 bob each way.
 
The LNP in QLD stalled the economy and made us an indebted pariah state that even Victorians stay away from. Since the new govt there has been a marked upswing in construction and shortage of skilled labour.....you need to ask the coal face of industry not get facts second hand from a knucklehead who has a black heart.

Your words.

But you are quiet happy to defend them...I think you want 2 bob each way.

No I am consistent with my disdain at the draconian law making and nasty politics the Newman govt brought to the table ... bunch of immature boy men.

That no way translates into your binary view that because I criticise something, the polar opposite must be the alternative.

We do live in a 3D world Noco, not a straight line with everything in between.

For an erudite man, you seem to resort too easily to your own bias and disregard the advices already given ... ie. I do not vote for Liberal, Labor nor Greens. What's more I am not wedded to Jesus, Allah, the Green Eyed Monster or any other superman, but I defend the right for people to do so and wear the consequences of their action.

That's the trouble these days, nobody respects the stupidity of others anymore.b
 
The Labor Party via its off shoot GETUP are going all out to stop the expansion of the Abbott Point coal terminal in Queensland........Bill Shorten is a foundation member of GETUP and is an ex board member......GETUP is associated with the Fabian Society (communism) who's policy is central control........GETUP is also fed financially by the corrupt unions......The Greens are also behind GETUP lock, stock and barrel.

What a cocktail of disaster!!!!!!!!!


https://au.news.yahoo.com/qld/a/30427449/donations-flow-to-abbot-point-challenge/
 
Janet Alberchtsen sums up the Labor Party in 2015 with her grading on various members of the Labor Party MPs.


http://www.theaustralian.com.au/opi...s/news-story/d1d345073c74b8417f55319c9fc4121f

The end-of-year report card for Labor in general, and Bill Shorten in particular, sends a potent mes*sage. The man who played a key role in bringing down two Labor leaders needs to draw his sword again: on himself.

While Labor’s class of 2015 includes a few solid performers, their work has been undermined by a team that includes failures at the highest levels. Team Shorten has utterly failed to rebuild itself as the alternative government because its entire strategy for the next election was built on opposing Tony Abbott.

Post-Abbott, Shorten is all at sea, a leader out of his depth against Malcolm Turnbull, unable to define himself or Labor. Shorten’s F grade won’t surprise anyone, certainly not those in Labor. In November last year, the Opposition Leader told the National Press Club: “Today I commit to you that Labor will be defined in 2015 by the power of our ideas.” Alas, 2015 wasn’t defined by the power of Labor’s ideas — unless you count plans for new taxes on multinationals, smokers and the rich who put their money in super. If there were other ideas, they haven’t stuck.

How did Shorten fare in 2015?

And that is Shorten’s problem. This will be remembered as the year Shorten gave this absurd response to ABC radio’s Jon Faine, who asked the Opposition Leader what he stood for: “Everybody is somebody,” Shorten muttered. That fluff defined Shorten’s year. The Labor leader has failed to confront budget problems, let alone the scourge of union corruption.

This has been the year in which Shorten — unable to sever links with even the most criminal of unions, the Construction Forestry Mining and Energy Union — cemented his image as Mr 1950s, the curmudgeonly conservative stuck in an era when 60 per cent of workers were union members, closed shops were common, unions routinely dictated secret deals with employers and workers from a blue-collar background could barely imagine starting up a small business or joining a profession. It’s as if Shorten has missed the arrival of modernity in the workplace where, in 2015, only 11 per cent of private sector workers and 15 per cent of all workers are in a union. Yet, under Shorten, the unions continue to pull the purse strings and the policy levers of the Australian Labor Party.

Shorten’s leadership might have fitted better somewhere between Ben Chifley and Arthur Calwell, an improvement on Doc Evatt — perhaps. But in 2015, Shorten presents as a union technocrat, relegating Labor to irrelevance as a modern political force. His personal rating of 14 per cent means he’s not even pulling in half the base that leans Labor in the most recent polls. Worse, the ACTU’s own polling shows there are now more undecided union members who Shorten can’t rely on at the ballot box.

read more plus the readers comments......very interesting but not funny.
 
Janet Alberchtsen sums up the Labor Party in 2015 with her grading on various members of the Labor Party MPs.




Shorten’s leadership might have fitted better somewhere between Ben Chifley and Arthur Calwell, an improvement on Doc Evatt — perhaps. .

.

It's stupid statements like that that betraythe veneer of intelligence Janet likes to maintain. It just wreaks of kitchen table mummy and daddy indoctrination,from birth, into the hate Labor game.....which of course bleeds out into every other of her life where she hates anything that isn't agreeable to her own closed (juvenile) mind.

Of course political brainwashing is not confined to Liberal tragics.

My bet is that even at the height of sexual pleasure, Janet still has her fierce face on :D
 
It's stupid statements like that that betraythe veneer of intelligence Janet likes to maintain. It just wreaks of kitchen table mummy and daddy indoctrination,from birth, into the hate Labor game.....which of course bleeds out into every other of her life where she hates anything that isn't agreeable to her own closed (juvenile) mind.

Of course political brainwashing is not confined to Liberal tragics.

My bet is that even at the height of sexual pleasure, Janet still has her fierce face on :D

Wow...Tisme to the defense of Barnacle Bill......I must have hit a nerve in your wisdom tooth for your reaction.

From the atmospheric mystery attending some of your activities, you do appear to have a misogynist trait towards Janet Alberchsten which does not become you on this forum.

I would consider the IQ and intellect of Janet considerably higher than the majority on this forum....She is a highly recognized and respected journalist by a majority in the Australian community.

With Bill Shortens popularity rating at a low of 14% and his party ratings at something like 47% to the Coalition 53%, I would say her "F" rating of Bill Shorten is warranted....Something I am sure you cannot possibly deny...

I cannot believe you could stoop so low as to pass an opinion on Janet's sexual pleasure......You must be desperate to discredit this woman at all cost to the degrading of your own standards.
 
Thanks Noco for the de-paywalling.

With Malcolm's flip-flop 100-word sloganeering, his mealy-mouthed waffling, the nation is crying out for leadership in support of ordinary Australians - you know the ones Malcolm from his living room at Point Piper, wants to slam with a 15% GST.

Shorten is so out of his depth, it's embarassing. I'm no great wrap for Tanya, but she couldn't be any worse than this!

Come back Paul Keating, all is forgiven.
 
I cannot believe you could stoop so low as to pass an opinion on Janet's sexual pleasure......You must be desperate to discredit this woman at all cost to the degrading of your own standards.

Come now Noco you know I'd parachute from a snake's a4sehole if it got me into a low stoop. :D

Hurt your feeling about Jannette did I cobber? Does we have a crush on ? :rolleyes:
 
Shorten is so out of his depth, it's embarassing. I'm no great wrap for Tanya, but she couldn't be any worse than this!

Come back Paul Keating, all is forgiven.

Please no Shorten and definitely no Tanya.

If we pray hard enough, do you think the will of a thousand men might bring Paul back to us?:cool:
 
Does the LUG Party really understand what is best in the National interest or are they still intent on seeing Australia go further down the gurgler?

http://www.theaustralian.com.au/opi...m/news-story/12bbd9ee86c9f7159ba891692d5e3462


Labor runs up the white flag on workplace reform

The Australian
January 2, 2016 12:00AM
Save
Print

Enough is enough. Trade union membership is at historic lows, corruption endemic and workers have been dudded by corrupt union bosses. Yet the union movement, largely through the Labor Party, continues to wield economic and political clout far out of proportion to the 15 per cent of workers it represents. Too often, it does so in a way that ill serves its members’ interests or those of the nation. The racist and alarmist campaign against the China free-trade agreement led by the Construction Forestry Mining and Energy Union, for example, showed an abysmal misunderstanding of the lucrative opportunities the pact would open up for business and workers. Across the states, taxpayers face crippling interest bills on public debt because for decades union leaders forced Labor governments to expand public sector payrolls and blocked asset sales and electricity privatisation. As Bob Hawke and Paul Keating said this week, the unions have lost focus on the national economic interest.

Four days after the final report of the Royal Commission into Trade Union Governance and Corruption was released, it is clear that the opposition and the ACTU will not address the problems it uncovered. Bill Shorten’s meagre response has been a statement and a couple of tweets claiming he wants to fight an election on industrial relations and penalty rates. So be it. The Opposition Leader has run up the white flag and passed up his last chance to be a reforming leader in the mould of Mr Hawke, Mr Keating or John Howard.

Malcolm Turnbull, fortunately, appears committed to reform. After winning the prime ministership from Tony Abbott on the grounds of economic leadership and the need to make the case for change, Mr Turnbull now needs to invest some political capital and use his formidable communication skills to set out a comprehensive economic narrative that includes workplace reform. Wisely, he intends to restore the Australian Building and Construction Commission and set up a Registered Organisations Commission to oversee unions. If the Senate refuses, he will have plenty of ammunition to fight an election on the issue.

ACTU secretary Dave Oliver’s claim that the unions’ peak body has “zero tolerance” for corruption runs counter to his branding the royal commission “a biased and politically motivated exercise” about “prosecuting an ideological agenda to cut workplace conditions”. Dozens of the cases referred to police and prosecutors involve some of the nation’s largest unions. They also involve the misuse of millions of dollars of members’ fees from the CFMEU (120,000 members), the Australian Workers Union (100,000 members) and the Health Services Union (70,000 members). Fourteen findings were made against the AWU alone. Mr Shorten, while personally cleared, led the AWU during many of the matters in question.

Australia’s workplace relations problems run far wider. In April 2007, Paul Kelly wrote that the then Labor opposition’s policy, drafted by Julia Gillard, “with its emphasis on collective power and a vast new industrial umpire” would unwind 20 years of reform. The warning was prescient. Productivity is sluggish. The flexibility needed in modern workplaces has been stymied, especially in retailing, tourism and hospitality. It is not enough for Employment Minister Michaelia Cash to suggest the issue of Sunday penalty rates should be left to the Fair Work Commission. Excessive centralisation is part of the problem. With resources exports in a trough and the budget deeply in the red, wider reforms are needed to help kick-start another quarter century
of growth
 
I'll take economic arguments from either side of politics more seriously when they start applying the rules fairly.

Here's the latest example, this time it's IKEA ripping us all off but they're just one of many.

http://www.news.com.au/finance/busi...s/news-story/6f73d7e4eae3c91714382dba54f33154

A 3% tax rate it seems. Either make that the tax rate everyone pays or actually enforce the intent of the law and get the big boys to cough up what they owe.

If we can afford to give away money to foreign furniture companies then we should have no difficulty funding schools and hospitals first. :(
 
I'll take economic arguments from either side of politics more seriously when they start applying the rules fairly.

Here's the latest example, this time it's IKEA ripping us all off but they're just one of many.

http://www.news.com.au/finance/busi...s/news-story/6f73d7e4eae3c91714382dba54f33154

A 3% tax rate it seems. Either make that the tax rate everyone pays or actually enforce the intent of the law and get the big boys to cough up what they owe.

If we can afford to give away money to foreign furniture companies then we should have no difficulty funding schools and hospitals first. :(

Have a straight turnover tax with no deductions. Simple and unavoidable.
 
Top