Tag: LNP Economic Management

Coal industry will never recover after coronavirus pandemic, say experts | Fossil fuels | The Guardian

Climate activists in front of the coal-fired Jaenschwalde power station in the Lausitz region, Germany, protesting against open-cast mining in November 2019. Their banner reads: ‘Love for the Lausitz. Not for the coal.’

Crisis has proved renewable energy is now a safer investment, and accelerated the shift

via Coal industry will never recover after coronavirus pandemic, say experts | Fossil fuels | The Guardian

Old Dog Thoughts- Irresponsible opinionators promote supply and demand death modeling

Government debt deepening rapidly – well before COVID-19

Fighting Fake News with REAL 18/5/20; Let’s not forget the Economic record the Pandemic isn’t an excuse; Climate Change is even a greater threat; Doing “really well” leading the world is Dr Death Trump

Is Morrison’s Pink-Batts Moment Coming? – » The Australian Independent Media Network

The reality was that the insulation program covered 1.2 million homes which had, by 2015, produced savings of approximately 20,000 gigawatt-hours (72,000 TJ) of electricity and 25 petajoules (6.9×109 kWh) of natural gas. But this was of little interest to the Coalition partners.

Their interest focussed on the tragic loss of life of four workers, accidentally electrocuted, while they were installing the batts. It was this tragedy that the Opposition and the media sought to magnify, purely to discredit the government and gain political advantage.

Notwithstanding the benefits to the economy, particularly in the area of employment, the ongoing reduction of greenhouse gas emissions and being able to avoid a recession, the political outcry from the Opposition and the media, over the four deaths and anecdotal evidence of rorting, was unrelenting.

The Rudd government subsequently suffered a drop in popularity and a perceived mis-management of the economy.

Since then, under intense media attack, the Labor party has been cast as responsible for all ongoing budget deficits (aka, the debt and deficit disaster), while the Liberal/National Coalition has enjoyed the confidence of the media and a deceived public, in matters of financial management, despite the reverse being the reality.

As they say in politics, that’s politics.

Now, however, it seems some comeuppance is on the horizon.

via Is Morrison’s Pink-Batts Moment Coming? – » The Australian Independent Media Network

History shows future generations don’t need to suffer from government debt – Michael West

Cutting government services to pay off government debt post the current pandemic is not a necessity but rather a political and ideological choice. History has shown that if we focus on full employment and the real economy, the budget will take care of itself. Economist Warwick Smith reports.

via History shows future generations don’t need to suffer from government debt – Michael West

The time for partisan bullshit is over Josh – give it up – » The Australian Independent Media Network

Not laughing now (ODT)

Under the Coalition’s “responsible budget management”, net debt has increased from $161,253 million at 31 August 2013, a week before the election, to $424,164 million at the end of February this year.

Still stuck in slogan land, Coalition language is changing.

We have gone from a “targeted, modest and scalable” response to “targeted, measured and scalable” and now Frydenberg is calling for “quick, strong and co-ordinated action” from the G20 countries.

The self-satisfied smirks, the ridiculing of the idea of well-being, and the draconian persecution of the unemployed have disappeared.

After more than a decade of their bullshit, all of a sudden, “we are all in this together”.

via The time for partisan bullshit is over Josh – give it up – » The Australian Independent Media Network

Old Dog Thoughts- LNP search the globe for ogiginality again

Australia’s economic growth improves, but hold the champagne – Michael West

Australia’s economic growth improves, but hold the champagne. Economic headwinds? Not really. Economy stronger than the OECD, Europe, Canada and the UK? Errr … no. Strong jobs growth? Sorry, no. Alan Austin runs his ruler over the latest quarterly accounts.

via Australia’s economic growth improves, but hold the champagne – Michael West

Old Dog Thoughts- There’s been a virus in Australia since 2013. The death count never listed

The Morrison Government: When rorting became sporting

Fighting Fake News with REAL, 6/3/20; All about Scotty from Marketing Unraveling like a cheap sweater; Grumpy Geezer quiz;

The “sound economic management” of the Coalition has increased net debt by 250% – » The Australian Independent Media Network

via The “sound economic management” of the Coalition has increased net debt by 250% – » The Australian Independent Media Network

Old Dog Thoughts- Murdoch Media is global trash but in Australia, it loses money, pays no tax, and is subsidised to be the Nation’s defacto State Media

Global recovery skips Australia as economy suffers Coalition's incompetence

Fighting Fake News with REAL,27/1/2020 Invasion,Survival Australia’s Posturing Day; LNP Economic Management 6 gears in reverse; Morrison is Damaged Goods; Fake News from Murdoch’s stable;

MYEFO will be interesting – » The Australian Independent Media Network

What we don’t need is to waste hundreds of billions on obsolete weapons of mass destruction, billions on consultants and government advertising, and politicians who think attending sporting matches is more important than their day job.

We don’t need a surplus. We need someone who has a clue about how to invest in this country rather than their own political future.

via MYEFO will be interesting – » The Australian Independent Media Network

House of Cards: is Brookfield the next Babcock & Brown? – Michael West

The Foreign Investment Review Board has already waved through the Healthscope acquisition and is presently deliberating on the Aveo deal. Yet the question must be asked; as Brookfield pays so little tax in Australia, what is the national interest in allowing this tax haven operator to buy billions of dollars buying key infrastructure when it merely siphons the profits offshore?

via House of Cards: is Brookfield the next Babcock & Brown? – Michael West

The Morrison Government is mortgaging all our futures

RELEASE of the second-quarter GDP figures showed the Australian economy facing its lowest annual growth since the global financial crisis, calls from RBA & general public for the Morrison Govt to engage some sort of stimulus program exp independentaustralia.net/politics/polit

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1:47 PM · Sep 20, 2019Twitter Web App

IN A RECENT SURVEY conducted by the Australian Financial Review, every single economist who participated had the same message for the Morrison Government: the Reserve Bank should not have to rescue the economy on its own.

However, despite the mounting evidence of domestic economic slowdown and the growing risk of a potential global recession, the Morrison Government continues to reject calls for a stimulus. Instead, the Government insists that its tax cuts and “superior economic management” will kickstart the economy and that everything will be fine.

via The Morrison Government is mortgaging all our futures