FOREIGN AID

Ros,Packer. Macquarie Group, Australian Hotels Association, Pratt Holdings, Steve Nolan Constructions, Woodside Energy, Crown, Westfield, Yuhu Group were just some Liberal party donors in 12/13 which in total provided the coalition an election war fund of $ 82mill.
 Big money backed this government’s election drive and brought them to office. It’s now pay back time. US style free market system where government minimises its involvement The greatest beneficiaries of Abbott and Hockey’s policies are their their largest financial backers, the financial industry, the mining and energy industries, gambling interests and real estate companies. The clearest examples of this is the winding back of the Labour governments Future of Financial Advice (FoFA) Reforms. Corman has ensured banks will continue to profit from ripping off their customers.

“We know that many financial advisors have been preying on their clients. They make use of clients’ lack of understanding of complex investing and other financial options to direct them to financial products that are not in their interest, but rather in the interests of the advisor. This has been costing consumers huge sums of money, which primarily flow into the hands of the banks.”
Warwick Smith 23/7/2014

The same applies to the removal of the Carbon Tax and climate policy. You can’t find an independent economist who thinks the government’s “direct action” plan for tackling climate change is more efficient or effective than a carbon tax or trading scheme. Who likes direct action? The polluters of course. Instead of paying to pollute, they get paid 2.5bill not to pollute
The Age recently conducted its annual economics survey of 25 prominent economists. They select economists from a broad range of backgrounds across the spectrum of economics and their views vary widely on almost all issues. None of them agreed with the government on any of the above three topics.

1) There is a budget emergency

2) The federal government has a debt crisis

3) Carbon pricing is an economic wrecking ball

Saul Eslake, chief economist at Bank of America Merrill Lynch, said

that to call the Australian debt situation a crisis was “to abuse the English language.”

Nobel prize winning US economist Joseph Stiglitz used terms such as “absurd”, “crazy” and “a crime” to describe some of Hockey’s budget measures, and dismissed the perceived debt and deficit problems, noting that any Australian who worries about debt “must be out of their mind.” Richard Holden, professor of economics at the Australian School of Business, put it this way: “First, Australia does not have a debt crisis. Or, to put it another way, Australia does not have a debt crisis.”
This government  are just puppets dancing to the tune of those pulling their strings