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22
Mar

A Political Train Wreck

govtHow much more of this do we tolerate? Our present government is comprised of an incompetent bunch of fools, idiots and grouches. No matter where one looks, they all appear incapable of managing a chook raffle, let alone the 12th largest economy in the world.

Is it any wonder political expediency has now usurped any attempt at further budget savings measures?

As each week passes we are witnesses to more hilarity, more stupidity, less concern for the nation’s future, a leadership vacuum, each member seemingly looking out for his/her own survival. What a shambles.

Read more at: The Australian Independent Media Network

19
Mar

The Laffer Prediction

reaganThere is a common misconception among a significant minority of Americans that former president Ronald Reagan was some kind of god who transformed the American economy from Hell in a Hand Basket to the New Utopia making everybody rich in the process.

That view, unsurprisingly, is also held by one of his economic advisors at the time, Dr Arthur Laffer. Dr. Laffer was a member of President Reagan’s Economic Policy Advisory Board for both of his two terms (1981-1989).

Read more at: The Australian Independent Media Network

16
Mar

Pyne Playing Poor Politics

pyne3Really, there are times when I cannot believe what I am hearing from various members of our federal government. Never did I suspect that the present level of stupidity and incompetence could be so endemic within this extraordinary collection of misfits and idiots.

Read more at: The Australian Independent Media Network

16
Mar

Money Created Out of Thin Air

moneyIt might be hard to absorb, but the fact is undeniable. Banks create money out of thin air. When you go to your local branch and apply for a mortgage loan to buy a house or apply for a personal loan to buy a car, you might think that the bank needs to have that money in its vaults to be able to lend it to you. Wrong.

Read more at: The Australian independent Media Network

13
Mar

Is Turnbull Campaigning?

turn1Is Malcolm Turnbull deliberately waging a subtle campaign to undermine Tony Abbott? If one takes a closer look at some of his recent comments, one might detect just a hint of something along those lines.

While Turnbull continues to support the PM publicly, astute observers might wonder if we are witnessing a covert scheme to undermine Abbott’s authority.

Turnbull’s contradiction of both Abbott and Hockey on the superannuation idea, his open criticism about the budget, his somewhat comedic reference in parliament this week to Abbott’s infamous suppository remark, all have a tinge of ridicule nicely camouflaged.

Read more at: The Australian Independent Media Network

4
Mar

Same Story, Same Mistakes

isilSo we are sending more troops to Iraq. The first question that comes to mind is: Why? PM Tony Abbott says “this is absolutely in the best interests of Australia,” which leads us to the next question: How?

Let us remember that our first foray into Iraq in 2003 was an illegal invasion of a sovereign nation, politically motivated and based on contrived intelligence. After hostilities supposedly ceased, we set about training a section of the Iraqi army that had been officially disbanded by the American administration.

Read more at: The Australian Independent media Network

4
Mar

Time to fix this unholy mess

doigWith the change of government in Victoria and a promise by Premier Daniel Andrews to make Victoria the education state, is it possible that this might bring about a change in the policy concerning Special Religious Instruction (SRI) in that state and perhaps others?

An article in The Age on 15th January 2015 by Meredith Doig focuses on the dilemma now facing new Education Minister, James Merlino. How he responds will be watched very closely by his opposite numbers, particularly in Queensland and New South Wales.

Read more at: The Australian Independent Media Network

1
Mar

The Dark Side of Low Interest Rates

debtToday’s mortgage rates are cheaper than anything in living memory. Home buyers are taking out loans five to seven times their salaries to purchase properties that are 20% overvalued. The same cheap money is also pouring into the stock market inflating share prices that are over valuing companies.

Read more at: The Australian Independent Media Network

1
Mar

In front of six flags

six flagsWhile the spill motion two weeks ago was a point of interest across all demographics of Australian life, it has now morphed into something far more critical. Far from a handful of backbenchers calling for a vote on the leadership of the Liberal party, now practically everyone from anonymous cabinet ministers, shock jocks, business leaders, the man in the street, to some of Tony Abbott’s staunchest media allies, have joined the chorus.

Read more at: The Australian Independent Media Network

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