Saturday 4 May 2019
Thursday 2 May 2019 – The fools are at it again
”In terms of the environment, I wonder what price the people of tomorrow will pay for the stupidity of today” (John Lord)
1 Yes, I am still repeating it. Labor wanted this election to be about the environment and Climate Change. The conservatives don’t have a policy. Or if they do ask them for their costing’s.
Today the media is attacking Labor for not having a fully costed and detailed policy.
You would think, given the conservatives don’t have a credible policy that Labor wouldn’t have to do much to win this debate.
But that is not the case. If they put some sort of cost on it then they leave themselves open to any amount of nitpicking questions. Instead, they have elected to declare the question unanswerable just like the NBN while putting the alternative question, “what is the cost of doing nothing?”
Or if we don’t survive we won’t have a need for electricity.
That way the focus is more on the Coalitions “no policy” than Labor’s uncosted one.
I’m sympathetic to the fact that it’s difficult to cost, but Labor needs to fire up its attack on the anti-climate change brigade. Dr Fisher’s report has been heavily critiqued in the past. Assumptions may have been right at the time but things move so fast in this area that it’s almost impossible to cost.
As one analyst said, All Models are wrong but some are useful.
“An earlier version of Dr Fisher’s modelling triggered headlines of a “carbon cut apocalypse” in March but was questioned by other economists who said he had assumed very high costs for renewable energy generation and the cost of reducing emissions.
ANU professor Frank Jotzo said in March that Dr Fisher’s work had used “absurd cost assumptions” about emissions abatement.”
When a great AFL coaches side was facing defeat at the interval of the final stanza of a grand final he said to his players “don’t think, just do”
Think about this. If we fail to act and disaster results, then massive suffering will have been aggravated by stupidity.
The greatest hoax ever perpetrated on societies around the world is that it’s about costs. About which parties policy will cost less. It is not. It is about who has the best policy.
We all incur a cost for the upkeep of our health. Why then should we not be liable for the cost of a healthy planet?
We should first acknowledge that the science tells us that we need at least a 45% or more reduction.
Secondly, we need to ask ourselves what party has the most efficient and effective way of reaching the target.
Thirdly, we should do as the coach says. “Don’t think. Just do”
How to spend our money
2 When the Prime Minister says that Conservatives are the best at handling money and keeping spending under control we really have to question his honesty.
Statements like this roll off their tongues like newly minted coins all polished and shiny, ready for their journey into the Australian economic story.
This story about them being the best money handlers is a myth they have been peddling since I was a boy. The fact is that there is no evidence to support their contention. Well, none that I have ever seen.
John Howard was the highest taxing Prime Minister ever. Peter Costello the luckiest.
The importance of surplus budgets is overrated. In the past 79 years, we have had 12 of any significance. Once by Ben Chifley, three times by Bob Hawke, and eight times by John Howard, who shared another with Rudd, who was elected during the 2007-08 fiscal year?
Conservatives irritatingly refer to paying back Labors debt but the reality is that the Debt rides at more than quadruple the debt left by the Labor Government.
“Surely an incoming government who more than doubles the countries debt cannot then claim to have inherited a debt problem that amounts to a budget crisis.” (John Lord)
Australia was declared the worlds no 1 economy after the World Financial Crisis (something that in discussion the conservatives have obliterated from history) with a debt of $250 Billion.
Now the Debt rides at $765 billion dollars (updated every Friday) and rising. Under this LNP Coalition Government and that’s not including the NBN debt of $650 Billion dollars. That equates to a Debt of $1.4 Trillion dollars and this is what it looks like. $1,400,000,000,000. A lot of zeros.
With storm clouds forming over the computers of every economist’s predictions you would think our leaders would be placing caveats on their promises.
On top of that, I’m hoping Bill Shorten with all the cash he has to play with will devote a lot of it to paying down the current debt.
With economic growth at 1% for the past two months, it is hard to imagine the surplus that Morrison speaks of as done and dusted coming to fruition. Especially as inflation is now 0%.
3 Now let’s examine the following to see if the Coalition does really handle money as well as they say they do.
A) They paid $1.2 million for Michaelia Cash’s legal bills.
B) And $184 million for the fake reopening of Christmas Island.
C) And another $60,000 for a media stunt on the Island.
D) Wasn’t there about $50 million paid to Cambodia to settle a refugee.
E) Then there was the $423 million “closed tender” contract with Paladin for a 17-month contract to deliver services for 423 refugees.
F) And $200 million for re-election propaganda advertisements for the Coalition.
“The purpose of propaganda is to make you feel good about the wrongs being perpetrated on you.” (John Lord)
G) Do you remember the $30 million gifted to Murdoch’s FOXTEL the Minister for Communications Mitch Fifield have never adequately explained.
H) And what about $2.8 billion wages cuts for Australian workers.
I) An $889,000,000 tax concession for Murdoch.
J) And the zero tax paid by Gina Rinehart.
K) There are 75 millionaires who pay no tax. And 745 corporations who pay no tax.
L) $4.2 billion was moved offshore by Murdoch in order to pay no tax.
M) $126 million was wasted on a postal survey vote for same-sex marriage to find out something that was already known and the parliament could have voted on.
N) $80 million for dodgy water buy-backs. We may have paid for a glass of nothing.
O) $200 billion for obsolete weapons.
P) Then there is the $65 billion for corporate tax cuts when we are awash with debt.
Q) Remember the $17 billion they were going to give to the big banks.
R) And $60 million for a Captain Cook statue in Morrison’s electorate.
S) Plus $6.7 million to re-enact the circumnavigation of Australia, which Cook never did.
T) What about the $7.7 billion for fossil fuel subsidies.
U) And the ludicrous $444 million gift to the Great Barrier Reef Foundation.
V) And $3.8 billion to boost weapon sales.
W) The government has spent 74 million of our taxes to pay Nickel Mining workers some of their entitlements; Clive Palmer has paid his workers ZERO.
X) Remember the $60 million Royal Commission witch-hunt against Unions and Labor.
Someone sent the aforementioned to me; I filed it without attaching a name so I cannot vouch for the veracity of every one of the items mentioned but my memory tells me they are not far off the mark. So do you think the government has really handled our money well?
Friday 3 May 2019
4 After Mondays Newspoll that seemed to allocate Clive Palmer preferences rather oddly William Bowe has produced a Bludger Track aggregate figure that has Labor on 51.9/48.1.
“All things considered, I don’t see enough reason to stop treating the UAP as part of the amorphous collection of “others” and to continue allocating its collective preferences as per the 2016 result, which was basically 50-50 – particularly not in the context of an election at which anti-government sentiment is harder than it was last time, based on all available evidence. In any case, I will not for the time being be making the effort to produce a trend measure from the UAP, whose primary vote will remain locked up in BludgerTrack’s aggregated “others” measure.”
Read more here.
5 The week ended in a bit of a flurry. Shorten delivered a $200million package for Melbourne’s Metro Rail that would result in more trains, a fund under the control of Peter Costello that would guarantee funding for the NDIS and the loss of a candidate or two for behaving badly.
6 Scott Morrison lost three candidates behaving badly and announced a $200 million environmental package.
7 In the meantime, Palmer’s people are quietly pulling down their Facebook pages.
8 And if you vote for the Nationals who do you think your leader will be after the election.
My thought for the day
“According to the leader of the Nationals, his party has a commonality with One Nation policies. Only a very conservative politician would utter such profanity. And only another very conservative politician would let the comment pass without censure”
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