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EYE-BALL’s Guru on – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ –

April 29, 2013 3 comments
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Latest GURU Posts:


– 23rd Apr – Wayne Swan’s – “Investment pipeline” – disappearing before his eyes – where does he go for his next ‘bunny excuse’ –


– 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12’ – He’s a unique type of idiot  –


– 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster –


– 5th Apr – Superannuation 2013-14 –  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity –


– 4th Apr – Australia’s Parliamentary Remunerations –
– Part III – Superannuation – The Future Fund –


– 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ –


– 31st Mar – The Cyprus Bail-out


– 31st Mar – Australia’s Debt – and the idiots Managing the Treasury –


– 20th Feb – Australia’s Parliamentary Remunerations – Part II – Entitlements and Allowances –


– 13th Feb – Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements –


– 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy –


– 23rd Jan – The Turmoil is Already here – We just have to accept what is coming –


– 22nd Jan – The Turmoil is beginning – Japan’s Economic Stimulus to tip the scales –


To see more GURU posts: – click here …


Title:
– Wayne Swan’s “Treasury Mistakes” –
– Heads must roll –
– Gillard, Swan and Bradbury must accept responsibility’ –
| Author: EYE-BALL Guru | 29th Apr 2013 |
We all remember the emphasis Swan and the rest of the Government placed on “Jobs – Jobs – Jobs” in the 2009+ era.

The Government made a conscious decision in the aftermath of the GFC and took liberty with fiscal policy and used employment as the trigger to allow themselves to let debt escalate.

The Nation has not arrived at it’s current financial abyss without a collective brain’s trust failing.

Working in the background feeding the Budget forward estimates up the ladder to their political masters are the Treasury bureaucrats and their yuppy underlings – all with starts in their eyes and willing to do the bidding of any taskmaster.

The question has to be asked about in the way these subordinates go about their business and do their best for the Nation – which came first – ‘the chicken of the egg’.

This is the crux – who feeds the pony?

Do the bureaucrats have a responsibility to the Nation that separates them from the political will of their masters – or do they protect their careers and appease the political masters at the expense of the Nation – The forward estimates have been way off target for years … who fudged the forward estimates based on a dodgy MRRT revenue expectation?   Who relented under Gillards pressure to spend her way to her own agenda?

Politicians formulate policy and throw the ball to the Treasury to find ways to fund and cost the policies and deliver accurate forward estimates.  It is only then that a Government should consider the policy and its impact on the economy.  The question is not whether the Treasury fudges the forward estimates to give the Government the news it wants to hear – it’s about Treasury staff being incompetent to understand the modern variations of economic measurements and not understanding the MRRT policy impact, or the Carbon Tax forecast against a carbon price underpinned by the European carbon price.

Sadly – this Gillard led Government has had stars in it eyes from the get-go … Gillard was in a rush as all Labor Government’s tend to be.   Gillard had the Rudd GFC response to build upon and she and Swan continued to use the GFC excuse to push new expenditure policies believing the Debt/GDP ratio comparisons allowed Australia to continue with the spending.

History has now shown us that that spending was not needed as China handed Australia an economic lifeline.  If the truth be told – Australia’s GFC fallout was postponed and awaits us downstream.   China will not be there to bail us out a second time as resources are now off the boil and aplenty, other Nations are coming on stream and are much more competitive than Australia – China will do what is best for China.

The $300 billion debt created by successive ALP Government’s since 2009 have fueled GDP growth and propped up the private sector. The single reason for Australia’s uncompetitiveness has been the continue lack of response for the RBA and Government to enact measures to weaken the high A$.   So much so that the damage done to our export industries has been by and large overlooked.

The high A$ is the sole reason  for our nightmare if anyone is looking for a pivot.  Swan thinks it a good thing, but then he does not understand the $trillions of lost export revenue over the last 10 odd years.

This single offset to what should have been Australia’s most profitable mining boom was diminished because the rest of the world invested in Australia and took all those profits offshore.   Only idiots could allow this to happen and Howard and Costello were equally ignorant of the undercurrent happening in global investment from the early 2000’s.

Treasury and RBA are the most to blame because they serve all Masters – they should have been advising and readjusting the forward estimates on growth and reduced export earnings all as a result of the hig A$.   They were grossly incompetent and deserve every criticism they have coming their way.

Treasury created a complete misread on revenues and expenditures right across all the forward estimates.  The Government also allowed itself to use it’s own policy expectations of forecast revenues from the ‘Carbon Tax’ and the ‘MRRT’ to hedge their bets on continued spending for their new policies.

In real terms – the Government spent before it could confirm the tax collect.  This was a decision Gillard and Swan made as a collective to initiate policy’s that would paint them in a better light.  Gillard gambled again and has been caught out – just as she has gambled on the AWU scandal never coming back to haunt her.

Since that abandonment in Dec ’12 – the excuse used has been reduced revenues.  Any economist or financial commentator can used the budget numbers and extract the hard data and disprove this Government excuse.  See the table and chart below to help … or click here to see Table and Chart in a new window now.

In recent weeks Swan tried to change the excuse – he changed the message and it became about the high A$ and its direct responsibility on the revenues.  This was a more plausible argument and should have been where Swan and Bradbury and all the other Cabinet minions went with their message last December.  But alas it did not gain traction and the original ‘revenue writedowns’ has again be installed as the excuse message.

Confirmation of this came overnight when the Government leaked there has been a $12 billion ‘black-hole’ caused by revenue writedowns.  Hockey explained later that the $39 billion increased revenue over and above the 2011-12 number will now be a $27 billion increase – still an increase of 7.6% and well ahead of the average year on year increase in revenues since 1996-97.

This leak followed up by an official media address is a deliberate and well-tried strategy to soften the media and electorate.  We can expect more of this in the lead up to the budget speech due in a fortnight [14th May].   The tactic is predictable – if its bad news – deliver it in small doses, if its is good news – do it with panache and flash …

A full text of Gillards speech today is produced below: [critiqued with Guru comments …]

MON 29 APRIL 2013

Prime Minister, Canberra

[ACKNOWLEDGEMENTS OMITTED]

It’s a great sign of the growing recognition of Per Capita’s work that your Executive Director David has been in such good company at the international Policy Network’s Progressive Governance and Global Progress conference in Denmark.

Congratulations to you on the fine contribution Per Capita is making in the world of ideas.

With the Federal Budget just fifteen days away, I thank you for this opportunity to share with you the clearest possible picture of the purpose and context of our Budget deliberations.  … bullshitttttt …

This year’s Budget will be about a national challenge – and a national plan.

A challenge for Australia: to respond to the huge reductions in revenue growth over the next four years.

A plan for Australia: to make necessary investments in the nation’s future, to ensure that none of our people is left behind.

Tuesday 14 May will be no old-fashioned pre-election Budget night.

What the Treasurer will deliver will not be a political pamphlet – he will outline an economic program.

The Budget will outline the fiscal path for the coming four years, one designed both to take account of the nation’s current circumstances and to shape the nation’s future.   … we heard this three years ago predicting a surplus in 2012-13 …

Our key long term objective, the progressive purpose of this Government’s fiscal policy is enduring.

It is:

  • to maximise jobs and economic growth;
  • to ensure sustainable funding over the long-term for the investments that strengthen our economy and the services our whole community relies on; and
  • to keep inflation in check and give the Reserve Bank maximum opportunity to keep interest rates low.

The Government’s medium-term fiscal strategy – to deliver fiscal surpluses on average over the economic cycle – is designed to give effect to this purpose in practice.

It commits us to support jobs and economic growth when private sector demand is weak.

This is what we did so successfully during the Global Financial Crisis and, as a result, we kept around 200 000 more Australians in work. … bullshitttttt …

It commits us to making Budget decisions so that in the good times and the hard times, through the inevitable variations in economic activity and Government revenue from year to year, we can afford the investments and services that make our nation stronger, smarter and fairer.

It also ensures that we don’t simply “chase revenue down” – we don’t cut to the bone and spurn wise investments, damaging jobs and growth now and in the future.

Instead our fiscal strategy responds to the economic cycle.  … bullshitttttt …

In the language of economists, we allow the Budget’s automatic stabilisers to do their work as well as actively controlling spending to reach surplus at the right part of the economic cycle.  … don’t use terms you don’t understand … it makes you look more stupid …

That means for the coming Budget, we must fund new initiatives by making savings.

This is a necessary discipline.  … it would be a better discipline if you stopped spending …

This need for balance over the cycle has been summed up nicely by the Treasurer many times: if we are Keynesians on the way down, we have to be Keynesians on the way up – Keynesians right through the economic cycle.

The need to understand how the cycle is changing is summed up best in the remark so famously attributed to Keynes himself:

“When the facts change, I change my mind – what do you do, sir?”  … a comment for all people who can’t keep a promise … and misused in this context …

In the face of the challenges we now face as a nation, this is what any smart leader, any forward-looking government, must be prepared to do. ... smart leader … you oversell yourself …

So today I want to set out the facts that underpin the decisions our nation faces as we approach this year’s Budget.

First, the good news, the shared achievement that we should never take for granted.

Unlike so many nations, Australia’s economy is stable and resilient. … bullshittttttt … three years after your 2010 forecast – your predictions for the future are as poor now as they were then …

Our economic fundamentals are sound. … bullshittttttt … the high A$ has killed our competitiveness and in the next two years the reality of our high labour costs will cost 10,000’s jobs.

We have contained inflation, low interest rates, low public debt.  … bullshittttttt … the rest of the world have has 0% interest rates and inflation has not impacted – why do we have a 3% higher interest rate differential with the rest of the world … interest rates could be 2% lower and there would be no impact in inflation … the RBA are stuck in a late 80’s early 90’s inflation mentality – the world has moved on … the RBA have not …

We are one of only eight nations in the world to have a triple-A rating with a stable outlook from all three major ratings agencies – something Australia has never previously achieved. … not because we are getting better, but because the others are failing the benchmark tests and we are headed that way as well …

Our economy is now more than thirteen per cent larger than it was in December 2007.  …. when a Governemnt spends $300 billion growth in the economy can not truly be measured … this number is misleading on a grand scale … and cannot be used to accredit the Government with economic growth …

We have bounced back from the Global Financial Crisis better than any major advanced economy.  … no-no-no … China saved us …we did nothing but ship the resources whilst others purchased A$’s and transferred wealth offshore …

If we had made the wrong decisions during the Global Financial Crisis our nation could easily be struggling with recession today.   … you made several … currency, trade, interest rate policy, inflation targeting, bank guarantees, industry subsidies targeted wrongly and so on …

Instead, Australia is now the twelfth-largest economy in the world – when Labor came to Government we were fifteenth.  … this is a cheap grab and total crap … attrition does us nobody any good in the end …

Unlike the rest of the world, we have very modest debt – because we have borrowed in the right way and at the right time, to support growth during the global financial crisis.   … subjective … and what happens when our GFC does hit …

Our level of debt is the same as a person earning $100,000 a year with a $10,000 mortgage.

Millions of Australians with mortgages and personal loans would love to be in a position where their only debt was equal to ten per cent of their income.

Similarly, countries around the world would love to be in Australia’s debt position and have an unemployment rate as low as ours.   … amounts to spitting in the eye of those less fortunate than ourselves … when our once only resources are done and gone … what will save us then …

Indeed, the fundamental proof of our resilience is our ability to create and support jobs.

Since 2007, we have created almost 900 000 jobs in this country, in a period when twenty eight million new people joined the jobless queues world-wide.   … now this is provable … 500,000 of that 900,000 figure are part-time jobs … see here ..

Our national prospects in the Asian Century are bright.

As the centre of global economic gravity shifts east, it shifts towards Australia.

Our diplomatic and trade successes in China last month, our improved relationship with India, our strengthening economic ties with Indonesia and our flourishing alliance with the United States – these are all proof that our plan to be one of the winners in the Asian Century is bearing fruit.

However – and this is key – while Australia is stable, resilient and close to centres of growth, the wider world economy is quite a different story.

There is serious, persistent weakness in global growth – and continued volatility in the global economy.

To take one example, a resource-rich nation like Canada has only grown by five per cent in total over the last five years.

The advanced economies grew at only 1.2 per cent last year and global growth reached only around 3 per cent.

This global weakness creates important economic pressures in Australia.

The contrast between our stability and resilience and the volatility and fragility of so much of the rest of the world is a reason for the continuing strength of the Australian dollar –consider this.

Today over 30 central banks around the world hold Australian currency in their reserves. … this is nothing to brag about as the returns on those investments harm us and benefits them …

The increasing importance of our currency for central bank reserves worldwide is recognised by the International Monetary Fund.  … this is ego stuff and underpins just how much Swan and his goons don’t understand …

Later this year, the IMF will begin quarterly reporting on central bank holdings of seven currencies and the Australian dollar will be one of them.

This shows we are a great investment, but that comes at a price.

The dollar’s strength puts pressures on our economy, particularly our trade-exposed industries.   … what a trade-off … prosperity for Australians in lieu of a stake at the world table where MP’s and diplomat’s can party all night on the taxpayers dime …

It would be irresponsible simply to wait in hope for these pressures to ease.

So the Government has a plan to create and support jobs, based on our five pillars of productivity, designed to seize the opportunities that proximity to Asia creates.

This back drop to our Budget decision making – Australia’s resilience, global weakness, a persistently high dollar – have been known for some time.

What is new is how strong the revenue pressures on the nation’s Budget are.

We must plan for these strengthening pressures – and that is a key part of preparing our Budget for this year.

The persistent high dollar, as well as squeezing exporting jobs, also squeezes the profits of exporting firms: with lower profits for these companies comes lower company tax going to Government.

We can’t assume this will change soon.

The high dollar is also placing competitive pressures on firms here, who face new pressures from cheaper imports – holding down prices across the board, with the high dollar making it hard for these firms to pass on price increases, holding down profits – and in turn holding down company tax.  … hells bells … someone gave her a quick class in reality … but does she understand all that it means …

Consumers do benefit, but many businesses are doing it tough.

All this means the data on our economy now reveals a significant new fact.

This is the striking and continuing divergence between what economists refer to as real GDP growth and nominal GDP growth.

My best shorthand description of those terms is this.

Real GDP growth is growth in the volume of the economy.

The actual activity in the economy, how many jobs there are, the quantity of infrastructure we build, the amount of goods and services we export – how many tonnes of coal, how many international students pay for a course here, how many houses are built.

Nominal GDP growth counts this growth in volume and it also counts growth of the prices of all these things.

Today, real GDP is growing solidly – we’re creating more jobs, exporting more goods and services and buying and selling more from each other, just as we planned.   … all underpinned by the creation of new debt to fund new policies introduce over the last few years …

However prices are growing at a slower rate than is usual for this stage of the economic cycle, a slower rate than was forecast – and so nominal GDP growth for this current year is significantly slower than was forecast and we expect nominal GDP growth for future years to be revised down.

The current data shows nominal GDP growth after the first half of the 2012-13 year was an annual rate of two per cent.

At Budget last year, we had forecast nominal GDP to grow at five per cent.

What’s changed?

While the prices of our exports continue to be lower than their recent peaks because of weak global demand and increasing global supply, the prices of imports are now lower than forecast because of the strength of our dollar.

The prices of goods produced at home are also lower than forecast because competition from imports is so fierce.

This is now putting so much downward pressure on prices that growth in nominal GDP is actually lower than growth in real GDP.

What’s more, this has now been true for nearly an entire financial year – since the beginning of the June quarter last year.

This has never happened for such a long period in the whole half a century and more of the National Accounts.

Not during the global financial crisis, not during the 1991 or 1982 recessions.

Not even during the Menzies “credit squeeze” of 1961, which was effectively a deliberate policy attempt to slow price growth, do we find a similar effect.

Now, that’s a long explanation of a pretty technical fact.  … so – all this confirms is that the modelling the RBA and Treasury have been usuing is out of date and not upgraded with new thinking …

But for the Budget bottom line, it’s a very meaningful fact – because, naturally enough, companies don’t pay tax on volume, they pay tax on value, which is driven by price.

The Pharaoh might have kept one fifth part of the grain from the field but the Tax Commissioner collects in dollars and cents.  … fanciful commentary – not serious enough …

So even if the economy is growing as much as expected, when prices are growing much less than expected, tax grows much less too.

The “bottom line for the Budget bottom line” is this: the amount of tax revenue the Government has collected so far this financial year is already $7.5 billion less than was forecast last October.   … that just proves the point – the forecasts were wrong …

Treasury now estimates that this reduction will increase to around $12 billion by the end of the financial year.   … can you believe this number … it changes every month … the real numbers released on the monthly Dept Finance and Deregulation point to a deficit between $15-$20 billion … the $12 billion is not trustworthy …

This unusually low revenue, which wasn’t forecast even a few months ago, creates a significant fiscal gap over the Budget period.

Put simply, spending is controlled but the amount of tax money coming to the government is growing much slower than expected.

Inevitably, confronted with the facts, the economic simpletons and sloganeers will squirm and throw in arguments to distract.   … no-no-no … economic simpletons … that is the pot calling the kettle black …

First, you will be told that revenue for the next financial year is still expected to be more than this financial year. That’s true – at the same time our population will be larger, more people will be on the age pension, health costs will continue to rise.   … the forecasters predicted revenue growth from the MRRT and Carbon tax and it did not eventuate – that was the first of many errors that concertina themselves into this train-wreck …

Indeed the growth in health and in the age pension will be far higher than the growth in tax money. … that’s because you handed out carbon tax refunds and pension increased based of bad forecasts …

So revenue growth will be less than natural growth in key areas of expenditure and is spectacularly lower than reasonably predicted.   … blah-blah-blah … waffle at best …

It is the failure of growth in tax money to match reasonable predictions that creates the Budget challenge.   … unreasonable more likely …

Second, you will be told it isn’t about less tax money in but about spending.   … you know its coming and using the double negative argument to try to lessen the impact is about as foolhardy as you can get ….

However, as informed commentators like Tim Colebatch pointed out last week, excluding east Asia, total government spending in Australia is already the second lowest in the developed world. … is that just Federal, or does it include State and Local …

Of the advanced Western economies, only Switzerland spends a smaller share of its economy on government than does Australia.

The total size of government here is less than the US, less than the UK.

Not as measured in revenue either, measured in spending.   … is that per capita or gross numbers …

And let me reiterate, for the future we will continue to match new spending in the Budget with savings.

Given all this, tax money down, spending controlled, the question for Budget planners is difficult to answer, but simple to state: how, and how fast, to fill that significant fiscal gap?

Some of the above factors will return to trend – overall, revenue is being revised downward over the coming four years, not permanently.

However in part, this is a return to normality – returning to long-term averages.

Australia will not go back to the extraordinary revenue peaks of “mining boom mark I” from 2002-03 to 2007-08.  … I give up … just accept there is little that you can believe in anything Gillard has said here …

While we should expect revenue to improve as we move to the production and export phase of the current mining boom, it’s clear that the extraordinary revenue peaks of the mid-2000s won’t be repeated.

The overall story: by 2005-06 the share of the economy taken in tax reached a peak of 24.2 per cent – compared to 22.4 in 1996 and 22.2 as we reported in our last update in October.

The huge profits of that time meant that company tax revenue reached an astonishing 5.3 per cent of GDP in 2006-07 compared to a share of 4.5 per cent of GDP last financial year – a fall of around $10 billion in company tax a year.

Capital gains tax was 1.5 per cent of GDP in 2006-07 – last financial year it was 0.4 per cent.

We collect less than one-third of the amount compared to seven years ago and in dollar terms the drop in tax collection is around $15 billion a year.

Quite apart from any other factor, remaining competitive in the contemporary global economy doesn’t allow us simply to turn back time on tax collection by dialling up tax revenue to these levels.

If I can summarise a complex picture in a few brush strokes, it’s these:

The prices for what Australian companies sell overseas are lower, imports are cheaper, local competition is fierce.

Those things add up to business making less profit than planned.

That puts pressures on our stable and resilient economy and it is one reason businesses and workers still need to work so hard to get ahead.

When businesses make less profit than planned, it also means Government gets less money in tax than expected.

That’s the big challenge for the nation in this Budget – and it defines the decisions the Government’s confronting as we put the Budget together.

Once again, to break this complex picture down in to a personal story.

Imagine a wage earner, John, employed in the same job throughout the last 20 years.

For a period in 2003 to 2007 every year his employer gave him a sizeable bonus.

He was grateful but in his bones knew it wouldn’t last.

The bonuses did stop and John was told that his income would rise by around five per cent each year over the years to come.

That’s the basis for his financial plans.

Now, very late, John has been told he won’t get those promised increases for the next few years – but his income will get back up after that to where he was promised it would be.

What is John’s rational reaction?

To respond to this temporary loss of income by selling his home and car, dropping his private health insurance, replacing every second evening meal with two-minute noodles.

Of course not.

A rational response would be to make some responsible savings, to engage in some moderate borrowing, to get through to the time of higher income with his family and lifestyle intact and then to use the higher income to pay off the extra borrowing undertaken in the lean years.

Running a nation is always more complex than running a family budget and analogies only work so far.

But I trust the nature of the challenge we confront is now clearer, understood within the framework of the purpose of our fiscal policy and the detail of our medium-term fiscal strategy – and I trust that all would acknowledge the Government has some serious decisions to make and announce in the coming two weeks.

As we make those decisions let me be crystal clear about what we will and won’t do.

We won’t, during this time of reduced revenue, fail the future by not making the wise investments that will make us a stronger and smarter nation.

Better school funding and school improvement will not be jeopardised.

Our nation cannot afford to leave children behind or to leave our nation’s future economy limping behind the pack, unable to attract the high wage, high skill jobs of the future.

To return to John, you would not expect him to stop funding his son’s top quality schooling or his daughter’s university studies.

He would know that to do so would be to condemn his family to a poorer future.

And we won’t fail to make the wise investments that make us a fairer nation.

DisabilityCare must not be jeopardised.

A fragmented, unfair, inefficient system hurting 400 000 Australians with disability and their families and carers – and putting at risk anyone who could acquire a disability – cannot be left in place.

Once again, we wouldn’t expect John to deal with his temporary loss of income by failing to properly support the care of his wife, who has a profound disability.

What is more, these necessary investments are affordable if we make smart decisions.

So the way we proceed with these investments is to fund new structural spending with new structural savings.

But, because we now are confronted with new facts and far more significant reductions in tax money than was expected, we are going through the process now of making decisions to spend less in some areas than we had hoped, to raise more in revenue in some areas than we had planned.

Guiding us as we make these decisions is the key principle of burden-sharing.

Because I lead a Labor Government, I lead a Government which understands that the whole of society benefits from the services Government provides.

In turn we believe that the whole of society should carry a fair share of the burden of funding Government, that the whole of society shares the burden of these saving decisions.

The more who share the work, the lighter the load for all.

Business, families, institutions.

Everyone benefits – so everyone contributes.

In the national interest, for the common good.

Now, there are no easy choices.

Of course as a Labor Prime Minister, I find these decisions both urgent and grave.

This revenue discussion is not historical, it’s very contemporary.

There is new news here compared to six months ago – and new news here compared even to three months ago.

Therefore, I have expressly determined we need to have every reasonable option on the table to meet the needs of the times, even options previously taken off the table.

The nation and the Government must have maximum flexibility to deal with these complex – and rapidly changing – events.

That is my approach.

In the Budget, the Government will do the right thing by the nation, the right thing for the long-term.

We will save responsibly, even when that means spending less on things which are important and valuable.

We will invest wisely for the future.

No one will be singled out, the burden of our decisions will be shared across the whole Australian community.

We will not cut to the bone.

That is the Government’s approach – and it is a bright dividing line in Australian politics today.

I began by saying that this Budget will be about a challenge and about a plan.

It will also be about a choice.

Our opponents and their friends crudely flaunt the bitter language of the cut throat and the brandished axe.

We govern for all Australians, we govern to strengthen the economy and to spread the benefits to all.

Those values illuminate modern Labor every day we govern.

I thank you for the opportunity to discuss them with you today.

It was lengthy and I apologise about that – but you had to get the bullshit context in the message and I did not want to allow for ambiguity.  If one was to go trough paragraph by paragraph, point by freakin point, lie by lie – we’d be here for a long time as critiqued above.

However – Opposition Treasury spokesperson Joe Hockey came out and gave one of his best response comments ever – watch video of his response here[A full transcript of speech is not yet available.]

One cannot count the lies masked throughout Gillard’s lengthy address – the biggest lie was again the reason for the revenue shortfalls.

If a Government uses forward estimates based upon unproven new taxes – [i.e. the MRRT and Carbon Tax] – and uses that forecast to spend in the current and next years budget, the Government deserves to be punished for the fallout.   More importantly – the people need to know the truth.

Gillard has not had reduced budget revenues – she has over the last three years had revenue increases year on year amounting to:

  1. 2010-11: – 5.9%,
  2. 2011-12: – 9.1%,
  3. 2012-13: – 10.5% [Budget Forecast as at Feb 2013.]

This is against an average of 6.98% growth in revenues year on year since 1996-97.

Any attempt to tell it different is criminal in its intent.   Company Directors would face court and jail terms if that tried to hoodwink shareholders with a lie and misrepresentations like this.

This outrage once again shows how Members of Parliament are at the bottom end of regulatory policing – it shows just how little private sector experience they have and how that inexperience gets the Nation to the position we are now in.

Gillard used a illusionary man named ‘John’ to help paint her analogy to explain the Government’s predicament – it was all spin and polish based on a cover-up to blame the economy and GFC for the reduced revenues.   Her speech writer is a novice and also does not understand what it is they do not understand.

In an exhaustive extraction of RBA Budget data the following Table with Chart provides hard data of revenue and expenditure growth (%), and in $dollar terms since 1996-97.   [Click on Image to enlarge in a new window.]

In coming days economists will all have their say – and they have their political sway that will dictate what they write – what is published here is done so without such malice but an exposed truth.   Gillard is a criminal and that is my gripe – how she became the Prime Minister is what I want someone to explain given her history … Australia needs to know that truth as well …

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The EYE-BALL Guru …

EYE-BALL’s “SNOOP POOP” on – NRL 2013: – NRL 2013: Round 7 – Rabbitohs [20] defeat Manly [12] –

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– May 24th: – 2012 State of Origin – Game 1 Review


– May 21st: – 2012 State of Origin Preview – Game 1


To see more EYE-BALL Snoop-Poop posts:

click here …


Title:
– NRL 2013: Round 7 –
– Rabbitohs [20] defeat Manly [12] –
| Author: EYE-BALL’s Snoop-Poop | 26th Apr 2013 |
This match-up had great expectations and one of the few times where the hype was matched by the performances of both teams.

It was a war of attrition – Manly’s uncompromising in your face defense, the Rabbits held their ground with equally resolute defence, but Manly are experts at the intimidation tactics and it is a detriment to their game.

Coach Geoff Toovey has his players of a mould to show no quarter, and this defense intensity lends itself opportunities for teams to find weakness’ in other areas.  For mine – it is just up to teams to exploit the compressed defence and take advantage of this singular motive Manly tend to play with – that is to try their best to physically hurt the other players.

No doubt – this game was by far the best of the season and the intensity never died.  When it seemed all was lost when Manly trailed 20-0 with 15 to go – you just knew South’s were still vulnerable – the crowd stayed and willed the home team for a fight back and it came to make for an exciting finish.

The fans watching TV wanted a Souths victory – nobody really likes Manly – even their own fans have a ‘hick’ like love hate relationship with their team – parochial to the end, but equally willing to bag their team when they disappoint.

Manly’s ‘Brookvale’ is the new coliseum and this clash of the Titans was fitting for the occasion.  Other teams should dread the ‘hurt’ they will feel whenever they visit.

Manly are viewed by many as the ‘grubs’ in the competition – nothing they do on the field is done without the intention to try to hurt the opposition player.  That is not footy in the true sense.  Their intensity in the gang tackle will seriously hurt a player at some point – it is not matched by any other team.   Footy is a physical contest – and players do get hurt – but Manly take that probability to another level.

There were four (4) incident reports against Manly players coming out of the game.  There is another that escaped the referees that will most likely be placed on report as well.

Two of the charges belong to Fa’aoso and committed on the same player [Inglis} for the same breach – a spear tackle.

Matai’s swinging arm is his trademark and the intent in this tackle may have bene to strike the ball but the player has to be responsible for when aggression goes wrong.  He has to get a long stint – that swinging arm could kill someone if he gets it wrong and he has enough form to give him a Les Boyd type suspension.

Brett Stewart took a cheap shot as he lifted an elbow on the Rabbits winger and he should also get a week or two.  It all just shows a ‘grub’ mentality and the image of Watmough puling out his old fella to have a piss in public when the camera’s were rolling in a premiership after party a few years ago give evidence to the culture within the club.

Hope all these reports get the players responsible sent down big time – every one was a cheap shot.

The most hated player in the Manly forward pack is Watmough – and again tonight was amongst the chief offenders in the niggle factor with the work he does in the wrestle and on the ball stuff.

He can be a gifted player and to see him go that way stains his natural talents. Whenever he plays SOO he has been found wanting at that next level – if he had an attitude like Burgess, Webkie, Petro, or some other player who just worked hard in defence and attack without the niggle – his chances of making a difference at the higher level would be improved. He just gives away cheap penalties and it cost his team.

I take nothing away from the intensity of tonight’s game,  they are a side that make you earn the win and their intimidation tactics wins them a lot of games.

Playing that type of game can have its drawbacks … backing up the following week and the next … and the next … players get injured or begin to carry injuries into games. Manly have a habit of losing to lower ranked teams and to look for a reason you have to consider how they play their football on a physical level.

Souths proved they are the real deal this season and the next time these two teams meet – Manly will be out for revenge and Souths will again be out to prove themselves.   We’ve been blessed with some stella performances in these first seven rounds.

The top-tier of this competition has already established itself – Storm, Rabbits, Manly, and Easts …

Before the season started I would have said the Bulldogs would have been in that four … but after six rounds they sit at the bottom of the table.

These four teams have set a high bar for all the other teams and I can’t see any other team breaking into a top four spot.


EYE-BALL’s Snoop-Poop …

EYE-BALL Opinion – Gillard’s long walk of shame is almost nigh – her past is about to catch up with her …

The-EYE-BALL-Opinion-Header-2

Latest ‘EYE-BALL Opinion’ Posts:


– 25th Apr – Prime Minister “JEZEBEL” – Does she deserve the Respect of the People? –


– 24th Apr – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal –


– 24th Apr – Our Higher Education System – Universities fudging research for Higher Funding –


– 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –


– 3rd Apr – Gillard v Nth Korea
– Gillard off to China to fix the problem –
– talk about an overreach –


– 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools –


– 30th – Be careful what you wish for
– A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


– 28th Mar – Apathy – Australian’s have it in spades and deservedly so –


– 23rd Mar – Legitimacy
– Australia demands it – Gillard does not have it –


– 19th Mar – A downside of Democracy – and the ease in which past Leaders move on –


– 16th Mar – The UNION’s – someone needs to tell them – about high labour costs –


– 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow – her desperation is obvious and her judgement is becoming suicidal –


– 14th Mar – Conroy’s Proposed Media Overlord
– If the Government lifted its game – then perhaps the media have an incentive to do the same –


– 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability –


– 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show –


– 10th Mar – The Nation is Slipping Away – can you feel it? –


– 9th Mar – The Dribble … it’s just so exhausting


– 6th Mar Journalist’s – the perils of Slow News Days –


– 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign –


– To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
– Gillard’s long walk of shame is almost nigh –
– Her past is about to catch up with her –
– Goodnight Labor …
| Author: EYE-BALL Opinion | 27th Apr 2013 |
The net is closing around Gillard and Australia is poised for history.   Why her Caucus still support her defies all logic and is a question in itself.   That question surrounds:

Why has Gillard not stepped aside until she has been cleared of any wrongdoing in association with the AWU scandal.

Surely if our Legal system is to be preserved and serve justice – the matter where all Public Servants are forced to step aside pending the completion of investigations when serious allegations are made – why does the Prime Minister have special privileges,  and allowed to retain her office and use that office to influence the outcome of her own investigation?

Gillard could have gone to the polls early to clear the deck on all that overhangs her – instead she chose to force all Australians into a record breaking seven month election campaign.

She could have made anyone of her new policy’s for Gonski, and NIDS an election gambit prompting an early election to seek a mandate from the people.  Yet she has chosen to rush through the legislation with a gun to the head of all the States on the Gonski reforms funding, and the NDIS – ahead of the election, and risk the House and Senate rejecting the legislation.

Gillard wants to forge her own legacy – she knows she will be beaten at the Sept ’13 Election, she does not admit it publicly, but she knows she is done.

To the detriment of all Australian’s Gillard has dug her heels in and has an agenda to muddy to waters for the incoming Government.

The dye for the next Governments performance and agenda will have been dictated to by what Gillard leaves behind.  She is that vindictive … if she was a dog – you’d call her a mongrel bitch and take her out back and shoot her.

If she were to respect the Office she serves, as opposed to using the Office to serve her own agenda – she would not play chicken with the media and the law enforcement agencies in daring them to make their charges and create the very history she knows confronts her.  She has elected to place the burden of proof on those who want to see her charged – as she is entitled to do.

But it is a devils game of bluff with such high office – Nixon tried and failed and Gillard is no Nixon.   Her bluff and bluster has all the legal minds on tenterhooks in the outcomes if they were to call her bluff.   You tell me how justice is being served in this context.

The AWU scandal has been out of the news cycle for some weeks now and is about to splash our News feeds with new version’s of old truths.  Gillard’s poll numbers will fall further with these stories and challenge her 25% numbers of a year or so ago.

At what point do the 50% or so of ALP caucus members who still support her respond …

If Gillard had any integrity left, and any respect for the office – she would do the right thing and exit before she completely destroys what remains of the ALP for decades to come.

This AWU scandal has reignited again because if the interview she gave to 2GB’s Ben Fordham on the 7th March 2013.

Gillard made a mistake in accepting this interview invitation – her normally feisty media control lapsed in the seemingly comfort privacy of her own limo from whence she gave the phone interview.

She was already having a rough week in ‘Rooty Hill’ to cover up the ‘unwelcome sign’ handed to her by the WA ALP leader who did not want her anywhere near his State election campaign.

There is no doubt Gillard underestimated Fordham’s toughness and she let him get under her guard.  She is now about to pay a heavy price for that mistake.

Whether her media advisor gave her a bad profile on Ben Fordham and thought him a lightweight – and lets face it outside of NSW Fordham is known as Karl’s sidekick on the ‘Today’ show, or whether Gillard thought she could dictate and intimidate Fordham as she does every other interviewer, is for Gillard to answer.

This ‘limo-interview’ is becoming National news and is made available again below – Interview date: 7th Mar 2013.

This interview proved just how bad a week Gillard was having in ‘Rooty Hill’ …

To have allow the interview to continue when Gillard had to have known she had lost control and knew the direction Fordham’s questions were headed was her first mistake. Fordham’s questions were incriminating and she knew her answers were all over the place.  Fordham to his credit did not back off.

Gillard was surprised by Fordham’s questions and his pursuit of precise answers to those questions.  It was something she has hardly ever been exposed to before.

She tried to respond with her usual answer but not an answer obfuscation trying all the while to politicise the response – but Fordham used his skills to corral and put Gillard on the defensive several times.   Normally in these types of interviews Gillard has all the chips – but Fordham attacked her like a puppy poodle with sharks teeth – well done Ben and you showed up the dearth in journalistic integrity in this Nation.

This is the type of questioning that serious and senior journalists have never been able to ask Gillard. In fact – all Gillard’s press conferences normally have a hand-picked guest list – and the journalists know that if they don’t heel they won’t be invited back.

There was a follow-up comment by Fordham to all his listeners this week when he was contacted by Victorian Police and asked if he would be wiling to give a statement about the interview and the comments made.

Hear that broadcast below:

In the time since Fordham’s clarification that ‘Gillard’ is under Police investigation earlier this week, National interest has again been perked.

Hedley Thomas did a story on the 24th Apr 2013 in regards to Fordham’s 2GB show revelation that he had been contacted by the Victorian police – read that story here

Since then, the story has nested and mainstream media – with the exception of News Ltd publications – have largely left it alone.

Thomas again revisited the facts and wrote another story in the ‘Weekend Australian’ – that story is published below:

Who knows PM Julia Gillard is under investigation?


| Author: Hedley Thomas, National chief correspondent | Date: Apr 27th, 2013 | Link to On-Line Story. |

IN the days after a heated 2GB radio interview in March, during which Julia Gillard was questioned closely about the AWU slush fund scandal, a detective in Victoria’s Fraud Squad, Ross Mitchell, made a strategic decision.

One answer the Prime Minister gave during a dogged tussle in her interview with Ben Fordham stood out. Mitchell knew it when he heard it. The other detectives knew it too.

Although seemingly innocuous to those not involved in the probe, Gillard’s answer was new and pivotal. It meant police in Melbourne would need a sworn statement from Fordham in Sydney, even though as a journalist he would be expected to subsequently disclose some key facts.

The actions that Mitchell and other police took in seeking further information from Fordham led to him stating in unequivocal terms on his radio show this week something that had been previously cryptically and very carefully inferred – the Prime Minister is under formal Victoria Police investigation as a result of the 18-year-old Australian Workers Union fraud. Fordham has kept a pledge to police to not publicly reveal more than this.

He told his audience: “So, let me make this perfectly clear. The Prime Minister of Australia, Julia Gillard, is under investigation by police. This is fact. I hadn’t planned to add to what I said yesterday out of respect for the detectives on the case. But if the Prime Minister’s office wants to deny she’s being investigated, as has been reported last night and today, then I will once again correct that record. Now it needs to be pointed out that the Prime Minister and her office mightn’t know she’s being investigated. But I know it. And others do too. The detectives are investigating three individuals and one of them is Julia Gillard. Prime Minister, you may not know this, but you are currently being investigated by the Fraud and Extortion Squad of the Victoria Police Force.”

Neither the Police Commissioner of Victoria, Ken Lay, nor the Prime Minister’s office has sought to dispute any of Fordham’s assertions. Nor is the PM’s office now suggesting, as it did in March, that the Victoria Police investigation has nothing to do with Gillard. The reality is that Gillard’s office cannot know the details of the probe.

Lay, who has had the opportunity to correct the record if he decided that Fordham had jumped to a wrong conclusion in naming Gillard, let it stand. Lay added: “The AWU matter is under investigation. That’s still current.”

The Prime Minister has always repeatedly, strenuously and sometimes angrily denied any wrongdoing, accusing The Australian and others of engaging in a smear campaign.

For an alleged fraud being taken seriously since late last year by seasoned detectives, Australians should ask hard questions about why large sections of their media, and particularly the public broadcaster, still baulk at reporting the AWU scandal; downplay the story or, worse, self-censor; ask few or no questions; and even mock journalists who have lost their jobs for pursuing it – Michael Smith and Glenn Milne.

Australia’s best-resourced media outlet, the ABC, has scarcely, if at all, reported the ongoing police investigation this year. Only after Media Watch questioned the ABC’s obvious reticence to look at the AWU story in any meaningful way last year, the 7.30 program belatedly weighed in. The flagship investigative program, Four Corners, has since abandoned a proposed in-depth story.

Indeed, almost everything that Fordham told his listeners on 2GB this week would surprise Australians who receive their news only from the ABC. Fordham tells Inquirer that nobody from the public broadcaster has contacted him since his revelations.

“I would have thought that the most powerful person in the country being the subject of an ongoing police investigation is a very significant story,” Fordham says. “If others choose not to see it that way, I’m more than happy to keep covering it.

“I’ve had reactions from some people saying: ‘How do you know that it’s true?’ and ‘Are you just making it up?’ All I can keep saying is that it is 100 per cent fact. I would not say something so serious about the Prime Minister unless I could be 100 per cent sure. If I were wrong on this, there would be a good argument for my dismissal and possibly worse (a defamation action for damages). It would be career suicide and totally unfair to Julia Gillard. But I’m as certain of the facts as I am of my own name.

“I’m not beating my drum and saying ‘Look at me’. But if a story about the PM being under investigation is not very interesting and vitally important, I should be in another profession. The listeners are intrigued by it because they are not hearing about it elsewhere. They are not reading about it in every publication and seeing it on the TV news.”

With questioning so far of witnesses in Queensland, Victoria, NSW and Western Australia, up to a dozen detectives are particularly interested in the creation and operation of a union election slush fund, misleadingly called the AWU Workplace Reform Association.

The entity was set up and formally registered in Perth with the help of Gillard’s legal advice (as a solicitor at Slater & Gordon) to her then boyfriend and client, AWU official Bruce Wilson, and his union sidekick, Ralph Blewitt. The two men allegedly used it as a slush fund to siphon hundreds of thousands of dollars from Thiess during the construction company’s development of a major project that required both labour and industrial peace from AWU members.

Some of the money, which was kept secret from everyone else in the union, would go into a $230,000 terrace house at 85 Kerr Street, Fitzroy, bought by Wilson (in Blewitt’s name) at an auction he attended with Gillard, whose firm would manage the conveyancing. The terrace house was Wilson’s home in Melbourne during his relationship with Gillard and his time as secretary of the Victorian branch of the AWU. The money from the property’s sale a few years later went directly to Blewitt and Wilson, not the union, whose national leadership discovered too late that the union had been used in a scam.

In his only recent public statements Wilson has backed Gillard, saying she knew nothing about any wrongdoing. They have each attacked and ridiculed Blewitt, who has said he decided to blow the whistle because two journalists lost their jobs for trying to report the issues.

For Mitchell’s taskforce, one of the most interesting features of Blewitt’s story is that he has told it in the knowledge that he faces going to prison. Having admitted to police an incriminating role in what he calls a fraud, Blewitt can be prosecuted and convicted. There has been no deal.

One of the planks of Blewitt’s story, which 2GB’s Fordham latched on to in his interview with the Prime Minister in March, concerns a “power of attorney” document bearing Gillard’s signature as the official witness. According to Blewitt, it was a false document.

Blewitt has repeatedly said the “power of attorney” was not worth the paper on which it was written. The document permitted Wilson to buy the Fitzroy terrace house (in Blewitt’s name) at auction. Blewitt, who was living in Perth at the time, claims it is bogus – that Gillard could not have “witnessed” it as they were thousands of kilometres apart at the time.

In previous rejections of Blewitt’s claims about this document, the Prime Minister insisted she always witnessed such documents properly as a solicitor. But Fordham tells Inquirer that all of Gillard’s previous answers seemed to avoid declaring outright that she and Blewitt were in the same room when the power of attorney was witnessed.

“I wanted a straight answer from the PM on that simple question when I interviewed her in March and I wasn’t going to let it go,” he said.

Gillard finally confirmed to Fordham that she and Blewitt were in the room when the document was signed. It is an assertion that could only be wrong if Victoria Police have evidence placing them on opposite sides of Australia.

Mainstream media outside ‘News Ltd’ publications refuse to report on the story – what is it that Gillard has over Fairfax that they are so intimidated from pursuing Gillard.   Gillard’s performance in that Ben Fordham interview shows she is being less than honest with the truth – if she was in the room with Blewitt she should just say it and it goes away.

Gillard has never been under oath in any of these Q&A’s – but when the police come to question her she will be under an oath or sorts.  She can refuse to answer the questions but that will only cast more suspicion – how would that look to the Australian public when a sitting Prime Minister is questioned by police and refuses to answer the questions on the basis it might incriminate her.

Now – this is the tickle … police try to entrap suspects in a lie and then produce proof to the contrary – who knows what Gillard’s Secretary has said, who knows what searches have been done with Airlines ticket sales, passenger manifests, motel room bookings, and the like.   If Gillard answers ‘I don’t recall’ then the other evidence more than incriminates Gillard because she can’t refute the claims.

We all know that Gillard lies and has told some big ones at that – she might debate they are political lies and that all politicians lie.  But with respect to the way she has answered questions on this AWU scandal, she knows there is a difference in telling a direct lie and answering in an indirect way.

The way she responded to Ben Fordham when he put it to her that she was in the room with Ralph Blewitt and she responded be it a reluctant – ‘yes’ – I bet London to a brick – that is what the Victorian Police are interested in.

The lingering and follow-up questions are numerous and just don’t go away – why all media outlets don’t run this story for its true value is a crime in itself.

Exposing a Prime Minister of Australia involvement with a fraud that happened 20 years ago and refusing to be – ‘on the record’ with her answers has to be news.

If anyone believes the past ‘staged-managed’ press conferences Gillard gave have been accurate ‘on the record’ accounts is a fool.  The right questions were never asked – they never probed or allowed follow-up questions.  All the questions were vetted and Gillard’s answers were prepped by her staff after deep consultation with legal representatives advising her what answers would suffice, and not what to say.

There have been plenty of bloggers who continue to carrying the message, and some feeder publications, but in essence the National Broadcaster – The ‘ABC’ – funded by the Federal Government and recently given an out of contract increase to funding by Gillard, has a cupboard full of Labor supporting journalists who have lost all their objectivity.   There has even been Tribunal hearings on the pro bias Gillard reporting and attacks against those who have trashed her.

The chief of these ALP loving journalist’s is former Bob Hawke media advisor Barry Cassidy – the Presenter of ‘Insiders’.   In fact one of the ‘Insiders’ bench presenters in Glen Milne was sacked from the program in late 2011 for writing about the AWU scandal in ‘The Australian’ – see SMH story her  …

I can guarantee you that Gillard is guilty of conduct unbecoming of a licensed Solicitor – her actions have not allowed her to practice Law again.   On that basis alone a series of question for Gillard to answer should be about her Slater & Gordon dismissal, and what conditions were imposed with regard to her practicing Law again.  Six months after the sacking – Gillard did not renew her Solicitors License and has never practiced Law again.

Fordham’s questioning on the use of the AWU name in the known ‘slush fund’ intent, as the ‘AWU workforce reform association’ … was also on the mark.

Gillards answers were again vague and obfuscated around the question trying to avoid direct answers.

This is important – it goes to the quality of advice Gillard claims she was offering to Wilson and Blewitt as employees of the real AWU Slater and Gordon client.

If she knew the association and their accounts was to be a ‘slush fund’ and not a re-election fund that was stated on the application to incorporate the Association – Gillard breached her Legal responsibilities and will face charges that could have her struck off.  Slater and Gordon know this and would have been the reason they dismissed her with conditions.

If Slater and Gordon were ultimately made responsible for Gillard’s conduct and faced a legal challenge from the real Slater and Gordon AWU client – Gillard’s conduct would have become a matter of public record.  The crime is in the cover-up and there are many people involved in that.

There is no way they will all stick to their stories and Gillard has to know that her time will eventually run out.

None of the then Senior Slater and Gordon Partners want to talk about it.  Gillard handed her Senior Partner Peter Gordon a High Court Judgeship  If that does not raise eyebrows on this issue then what will.  [Oops – a faithful reader picked up that it should read Lionel Murphy received the Judgeship and not Peter Gordon – … thanks Barry M … and Oops again – thanks to ‘Col at Central Coast’ – it was Bernard Murphy … not Lionel Murphy …]

Journalist worth anything would be on this story like flies on a dungheap – yet the Fairfax press stay silent and the likes of David Marr – a Director of Fairfax and muse to his own ego tries hard to pontificate his neutrality – he fails miserably.

How Oakeshott and Windsor continue to support Gillard raises more questions about what they received in return for their continuing support.   There is nothing about Gillard’s Leadership that inspires – in fact it does the opposite and Australia is the loser on so many levels.


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible. 

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below –  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your an ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL Opinion – Prime Minister “Jezebel” – Does she deserve the Respect of the People? –

The-EYE-BALL-Opinion-Header-2

Latest ‘EYE-BALL Opinion’ Posts:


– 24th Apr – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal –


– 24th Apr – Our Higher Education System – Universities fudging research for Higher Funding –


– 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –


– 3rd Apr – Gillard v Nth Korea
– Gillard off to China to fix the problem –
– talk about an overreach –


– 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools –


– 30th – Be careful what you wish for
– A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


– 28th Mar – Apathy – Australian’s have it in spades and deservedly so –


– 23rd Mar – Legitimacy
– Australia demands it – Gillard does not have it –


– 19th Mar – A downside of Democracy – and the ease in which past Leaders move on –


– 16th Mar – The UNION’s – someone needs to tell them – about high labour costs –


– 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow – her desperation is obvious and her judgement is becoming suicidal –


– 14th Mar – Conroy’s Proposed Media Overlord
– If the Government lifted its game – then perhaps the media have an incentive to do the same –


– 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability –


– 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show –


– 10th Mar – The Nation is Slipping Away – can you feel it? –


– 9th Mar – The Dribble … it’s just so exhausting


– 6th Mar Journalist’s – the perils of Slow News Days –


– 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign –


– To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
– Prime Minister “JEZEBEL” –
– Does she deserve the Respect of the People? –
| Author: EYE-BALL Opinion | 25th Apr 2013 |
There is a saying, if you don’t respect the person in the office, you should still respect the office they serve.

Until Gillard’s time – the office of the Prime Minister was a station that meant something to all Australians – it put demands on whoever served as the PM to have respect for the traditions, the purpose, and the responsibilities that went with the office.

It’s truly a sad day when faced with the reality that Australian’s no longer have respect for their PM, either the person who serves in Gillard, or the way in which she has trashed and diminished the stature of the office.

The saddest tale of all is Gillard does not understand what she has done.

A fact – all the progress made to mold and meld the Nation in our short history, has been undone in the short three years Gillard has served as PM.

Gillard will go down in History as the first Prime Minister who trash a Nation, as someone who diminished and used the PM position to enact her own spiteful agenda, as someone who acted vindictively whenever humility was needed, someone who sought revenge when statesmanship was required, someone driven by her own mental incapacity to process her failed responsibilities in the AWU scandal.

Gillard has blamed men all her life – her failings have been because of her failings in her choice of men – you would think she would understand this.

Her famous ‘misogynist’ speech was a true reflection of her own misandry and a belief system that to succeed in a man’s world, a woman has to try to be a man – she has no feminine instincts and that is her greatest failing.  People were happy to try a woman PM – but then Gillard failed to deliver a woman’s touch and realism to a Nation willing her to succeed.

She never gave her sex a chance – Gillard has lived that lie most of her life and for her to have over-reached and achieve the PM role – one can honestly speculate about what she did to get herself to the top.

This ‘Jezebel’ has her own sordid history based in corruption, a challenged integrity, and with an overflow of stoic morality that comes from gutter-trash symbolism … Gillard is poison to this Nation and set us back generations with the legacies she will leave behind.

Whatever follows in her remaining term will foster and escalate the mistrust of a Nation, her record in office can only allow for the conclusion that all Politician’s in power are not up to the standards we expect our Leaders to have.

No matter who served in the office before Gillard – it was possible to have respect for the office even if not respecting the person serving in that position.

Former PM’s in Rudd, Howard, Keating, Hawke, Fraser, and before – each had respect for the office and did their best to serve all Australians whilst making the best choices they could and earned the respect for the Office – Gillard fails on this score because as a woman, she feels the need to compete and prove herself because she is a woman.   This drives her more than the responsibility of the Office.

There has never been a good Gillard choice, whether it be based on:

  • her morality – i.e. the boat people solution, the Rudd assassination, the Craig Thompson defence, the Peter Slipper promotion, or
  • her integrity – i.e. her denial of her involvement in the AWU fraud, Thiess connections with the AWU scandal and their involvement in Government contracts to do with the School Building program, or
  • her conscience – i.e. the promises made on the Carbon Tax,  the ease in dismissing the guaranteed budget surplus for 2012-13, the use of welfare, education, and health as political platforms to try to swing public opinion to get re-elected, and the $300 billion spend when she knows she has no intent to try to repay the debt created – her NDIS, and Gonski reforms just continue her irresponsible spending programs – never considering the consequences when the next economic hit comes …

The debt legacy Gillard will leave behind is a summation of all the failed policies this Government has enacted.   Collectively they bragg about the 500 pieces of Legislation passed – we all see the carnage created and still to impact as a result.

Gillard’s agenda was cast from the outset – her deal with the Green’s to first wrest the PM position was a signal of what she would do to pursue her own misguided sense of destiny.

She has made light of every promise she has made – as a crowning exit gift – she is intent to plunge all Australian’s into further budget deficits for the next 5 odd years.

This ‘Jezebel’ deserves her place in history as one of Australia’s greatest mistakes.

There are traditions and values attached to the PM Office – i.e respect for the institutions of marriage, religion, family, and an integrity that honours all the values Australian’s respect.

Gillard has no respect for any of these qualities – she is a confirmed atheist, someone who deploys marriage and calls married women whores, someone who lies and has a criminal past to which she has escape punishment, and to this day continues to avoid accountability for those actions.

She thinks nothing of telling Australian’s – ‘I did nothing wrong’ – over and over again – when all Australian’s know she has done plenty wrong.

Her sexual relationships with a number of her Cabinet places her as compromised, her preferences in a partner leans towards married men, she is reported to have had an abortion when in a relationship with Bruce Wilson, a then married man with his own children – how can any of this life history be regarded as credentials to serve as a Prime Minister?

I do not accept her as my Leader – I do not respect her values, and as an Australian I have the right to express these opinions in any way I see fit – please … this is no small thing but if you agree, then the time is right for all to voice their opinions …  dump this Jezebel …


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible. 

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below –  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your an ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL Opinion – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal –

The-EYE-BALL-Opinion-Header-2

Latest ‘EYE-BALL Opinion’ Posts:


– 24th Apr – Our Higher Education System – Universities fudging research for Higher Funding –


– 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –


– 3rd Apr – Gillard v Nth Korea
– Gillard off to China to fix the problem –
– talk about an overreach –


– 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools –


– 30th – Be careful what you wish for
– A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


– 28th Mar – Apathy – Australian’s have it in spades and deservedly so –


– 23rd Mar – Legitimacy
– Australia demands it – Gillard does not have it –


– 19th Mar – A downside of Democracy – and the ease in which past Leaders move on –


– 16th Mar – The UNION’s – someone needs to tell them – about high labour costs –


– 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow – her desperation is obvious and her judgement is becoming suicidal –


– 14th Mar – Conroy’s Proposed Media Overlord
– If the Government lifted its game – then perhaps the media have an incentive to do the same –


– 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability –


– 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show –


– 10th Mar – The Nation is Slipping Away – can you feel it? –


– 9th Mar – The Dribble … it’s just so exhausting


– 6th Mar Journalist’s – the perils of Slow News Days –


– 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign –


– 4th Mar  – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… –


– 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader –


– 3rd Mar – Government – The Best PONZI Scheme ever


– 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger –


– To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
– The Australian’s Hedley Thomas & Friends –
– Still hunting down Gillard over the AWU Scandal –
| Author: EYE-BALL Opinion | 24th Apr 2013 |
The Australian’s Hedley Thomas continues his hunt for Gillard and her involvement in the AWU scandal.  The lull for the last 6 weeks or so has been because Police investigators have requested the promoters of the story to back off …

Click on image at right to enlarge in a new window …

Bloggers Larry Pickering and Mike Smith, and Radio presenter Ben Fordham have all made comment about the Police having requested a ‘back-off’ on Gillard’s involvement in the AWU scandal to allow the investigation to proceed without the rampant media speculation.

 Hedley Thomas’s latest article is reproduced below:

Gillard denies new AWU request


| Author: Hedley Thomas, Pia Akerman | Date: April 24th, 2013 | Link to On-Line Story. |

A FORMER union employee who has told of depositing $5000 into Julia Gillard’s bank account at the direction of her allegedly corrupt union boss boyfriend has been asked by Victoria Police to make a formal statement as part of an ongoing fraud investigation.

The request came as the Prime Minister denied allegations made by radio broadcaster 2GB’s Ben Fordham that she was under direct investigation.

Ms Gillard has repeatedly denied any wrongdoing in relation to the money.

Fordham said Victoria Police had verified to him that she was being investigated and asked him to make a statement about responses Ms Gillard gave in a March 7 radio interview about her conduct in an alleged fraud involving several hundred thousand dollars in the early 1990s.

The Australian is aware that detectives have questioned more than 12 witnesses since late last year who had direct knowledge of the Australian Workers Union slush fund scandal, the role of Ms Gillard at law firm Slater & Gordon and admissions by former AWU official Ralph Blewitt that he helped perpetrate a major fraud at the union.
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Ms Gillard says she provided legal advice to help set up the AWU Workplace Reform Association, which her then boyfriend Bruce Wilson later used to carry out the alleged fraud. She later described the association as a “slush fund” for the re-election of union officials, but said she had no knowledge of its operations.

Wayne Hem, a former AWU employee, said yesterday that Fraud Squad detectives wanted him to say as little as possible to the media about his upcoming statement: “I’ve been asked not to say what my role is going to be.”

Victoria Police contacted Mr Hem because he swore a statutory declaration last November and told The Australian that Mr Wilson handed him about $5000 and told him to deposit the money in Ms Gillard’s bank account.

Mr Wilson and Ms Gillard, who said she could not recall such a payment, have strenuously denied any wrongdoing.

Fordham alleged yesterday that Ms Gillard had told him during last month’s interview something “I now know not to be true”.

“We were talking about the police investigation, the ongoing and very real police investigation, into the AWU slush fund scandal. When I mentioned this police investigation, the Prime Minister sought to clarify something.”

Ms Gillard had warned Fordham in the interview to “just be careful” and not to cast slurs on her as the police investigation had “nothing to do with me”.

He said yesterday: “Julia Gillard wanted to make it clear to (Australians) that she was not being investigated. Well I am correcting that record this afternoon because I know for a fact the Prime Minister is being investigated by police over the slush fund scandal. She was being investigated at the time of the interview.

“The investigation is comprehensive and by no means complete but police are still in the process of taking statements on this issue . . . and I know this because I have actually been asked by police to make a formal statement.”

A spokesman for the Prime Minister said last night there was “no change” in her position. “The Prime Minister has repeatedly denied any wrongdoing and there has been no request for an interview with police,” he said.

To hear the original Ben Fordham interview with Gillard –

… and the corrective comment Ben Fordham made yesterday …

Gillard is under investigation and she wants that information to be suppressed … the precedence of a sitting Prime Minister being investigated for a criminal fraud puts this matter on the highest footing – Gillard has never answered the most relevent of questions despite her protests that she – ‘has answered all questions on the public record’ – she has consistently obfuscated her responses so as to avoid direct answers in all of her public performances, her ‘on the record’ statements, and her press Q&A’s sessions.

Whenever she has been asked a question on the ‘Stat Dec’ issue – her responses have never responded directly to the Ralph Blewitt statement that Gillard was not in the room when he signed the document.   Ben Fordham’s pursuit of this matter in his interview above has exposed Gillard and is the reason why the Police have requested he make a statement.

There is only a single inference that can be seen here – Gillard is in trouble.

Be it whether the police will wait until the outcome of the Sept election to charge her, or whether the Constitutional Lawyers have and are searching for a protocol to charge a sitting PM, or whether the investigation is still to produce enough evidence to charge Gillard, the history of this scandal is still to be determined.

It is not a case of whether Gillard is innocent – all Australia knows she was involved with something – it is whether the AWU did a thorough enough job in cleansing their files to protect Gillard.

This would have all be done years ago so as to allow Gillard to become the PM – her vetting by internal ALP sources would have uncovered potential damaging stuff and to protect the ALP and Gillard – the evidence to prove her guilt would have been trashed.

Given her protestations over Craig Thompson and his involvement in similar allegations of fraud and misuse of Union funds, Gillard is neck-deep in the cover-up and her integrity and morality are already impeached.


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible. 

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below –  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your an ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL Opinion – Our Higher Education System – Universities fudging research for Higher Funding –

April 24, 2013 Comments off
The-EYE-BALL-Opinion-Header-2

Latest ‘EYE-BALL Opinion’ Posts:


– 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –


– 3rd Apr – Gillard v Nth Korea
– Gillard off to China to fix the problem –
– talk about an overreach –


– 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools –


– 30th – Be careful what you wish for
– A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


– 28th Mar – Apathy – Australian’s have it in spades and deservedly so –


– 23rd Mar – Legitimacy
– Australia demands it – Gillard does not have it –


– 19th Mar – A downside of Democracy – and the ease in which past Leaders move on –


– 16th Mar – The UNION’s – someone needs to tell them – about high labour costs –


– 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow – her desperation is obvious and her judgement is becoming suicidal –


– 14th Mar – Conroy’s Proposed Media Overlord
– If the Government lifted its game – then perhaps the media have an incentive to do the same –


– 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability –


– 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show –


– 10th Mar – The Nation is Slipping Away – can you feel it? –


– 9th Mar – The Dribble … it’s just so exhausting


– 6th Mar Journalist’s – the perils of Slow News Days –


– 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign –


– 4th Mar  – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… –


– 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader –


– 3rd Mar – Government – The Best PONZI Scheme ever


– 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger –


– To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
– Our Higher Education System –
-Universities fudging research for Higher Funding-
| Author: EYE-BALL Opinion | 24th Apr 2013 |
Allegations have been made concerning University Heads reallocating accreditation for research material for the purpose of colluding to enhance funding opportunities.

These allegations and at a time when the Gillard Government is threatening a $2.5 billion funding strip from Universities, pose serious integrity questions in how the higher education funding triggers work.

The allegations were made in a story published in ‘The Australian’ today and is reproduced below:

Academics union has accused university managers of collusion


| Author: Andrew Trounson | Date: April 24th, 2013 | Link to On-Line Story. |

THE academics union has accused university managers of collusion and being misleading by inflating the quality of their research for a national audit, in a bid to bolster their status and secure additional research money.

Since the introduction of the Excellence in Research for Australia audit of research quality in 2010, there have been claims that universities are “gaming” the results by manipulating research data to hide weak research and pushing higher quality research into inappropriate classifications to boost ratings in some areas.

The National Tertiary Education Union has now released a report that includes anonymous accounts of a meeting during which senior managers appear to be talking of actively gaming data to maximise their results.

An unnamed senior administrator reports attending an “astonishing meeting” in which a university’s deputy vice-chancellor for research asks a department to switch some of its best research outputs, such as journal publications, into another department to maximise its ratings. The deputy vice chancellor feels obliged to reassure the department losing its research that it won’t be punished for any apparent poor research performance.

“If you give us those publications, we run you down. We’ll make sure you’re ok after ERA,” the deputy vice-chancellor says.

In another example, a senior researcher appears to talk of making research that doesn’t appear in good enough journals “disappear” by keeping the amount of research in some areas deliberately below a threshold for reporting it.

NTEU said the gaming undermined the integrity of the ERA process, and disadvantaged staff by discouraging and marginalising some research.

The Australian Research Council, which operates the ERA scheme, rejected the criticism.

ARC chief executive Aidan Byrne said there was no evidence of widespread gaming and that much of what is labelled gaming is simply reasonable behaviour.

Some immediate question come to mind as a result of these obscure allegations, particularly in relation to the academic research into the ‘Climate Change’ debate, and how this Government and the research results are now being peeled back revealing flaws in the research arguments.

On a global scale, many alarmist’s are now turning sceptical with the most recent data showing the last decade was much cooler then the previous decade.

There has always been a ‘vested interest’ cloud hanging over academia land and how they procure research funding.  They are all mostly reliant on Federal and State Government funding, and the debate that ensures is whether it was the funding that produced research results favourable to prolonged funding programs, or was it the research outcomes that produced the continued funding.

In recent times, anyone seeking funding for a research program to prove ‘climate change’ arguments were top priority – grants to disprove the ‘climate change’ argument were low priority.

If the allegations in the above story prove to be factual … so many questions will be answered.

Gillard and her Ministers claim as do the Opposition that Education is the silver bullet – the statement has been around forever.  But to me the question is that with knowledge comes enlightenment, but the wisdom of life is not learnt in books or by attaining higher education.

Emphasis on one to the detriment of the other creates an imature and uncomplete rounding of life and humanity.   If our educators are in fact cheating the system for greed and prestigue, then the wisdom of life within the mindset of these Institutions is a sad failure.

If you can’t trust the educators on integrity and morality, what will the next generation of students give us when it becomes their turn to lead and take their place?


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible. 

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below –  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your an ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL’s Guru on – Wayne Swan’s “Investment pipeline” – disappearing before his eyes – where does he go for his next ‘bunny excuse’ –

April 23, 2013 Comments off
The-EYE-BALL-Opinion-Header-2
Latest GURU Posts:


– 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12’ – He’s a unique type of idiot  –


– 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster –


– 5th Apr – Superannuation 2013-14 –  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity –


– 4th Apr – Australia’s Parliamentary Remunerations –
– Part III – Superannuation – The Future Fund –


– 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ –


– 31st Mar – The Cyprus Bail-out


– 31st Mar – Australia’s Debt – and the idiots Managing the Treasury –


– 20th Feb – Australia’s Parliamentary Remunerations – Part II – Entitlements and Allowances –


– 13th Feb – Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements –


– 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy –


– 23rd Jan – The Turmoil is Already here – We just have to accept what is coming –


– 22nd Jan – The Turmoil is beginning – Japan’s Economic Stimulus to tip the scales –


To see more GURU posts: – click here …


Title:
– Wayne Swan’s – “Investment pipeline” –
– disappearing before his eyes –
– where does he go for his next ‘bunny excuse’ –
| Author: EYE-BALL Guru | 23rd Apr 2013 |
Afallback policy defense for Wayne Swan has been his rhetorical ‘Investment Pipeline’ argument – telling all and sundry who want to tear his house down that the rest of the world wants to invest in Australia.

Swan continually mentions a figure of $500 billion over the last 2-3 years as the value of the ‘pipeline investment’ lined up to get their hands on a piece of Australia.

Those who understand true economics have doubted Swan’s prophecy based on escalating labour costs bought on by the continued high A$ value.  Many have told Mr Swan that to rely on this so-called ‘pipeline Investment’ is to play casino with Australia’s financial future.

Being the idiot he did and does not understand what it is he does not understand …

Swan’s excuses for his budget failings continued ad nauseum relying on the ‘Treasurer of the Year’ gong to convince people and his own party he knew what he was doing.   Swan’s legacy as th e ‘worst Treasurer ever’ will ensure Australians will forever think of Swan as the idiot who allowed the rest of the world to hook up their backdoor syphon hoses and rip honest wealth from all Australians – Swan and his RBA clowns have stood by and clapped them as they did so – and all to a need for him to remain internationally popular and have someone to talk to at G-20 conferences.

Idiot’s like Swan rarely get to serve in such a high station – and Australia will regret it for a hundred years.

Reported today is another $2 billion mining project that has been mothballed – read the story here

A list of mining projects that have been scrapped in recent months – (as reported in story above) – include:

  1. Arafura Resources rare earth processing plant in Whyalla, value $2 billion and 1000 jobs,
  2. Woodside abandons its $50bn Browse Basin project – value $50 billion and some 10,000 jobs,
  3. BHP Billiton shelved the $30bn Olympic Dam mine expansion – 2-3,000 jobs lost
  4. BHP Billiton shelved the $20bn Port Hedland harbour project –  2-3,000 jobs lost

Then we have the oil refinery closure/sales:

  1. Shell have closed four (4) of their eight (8) refineries over the past 18 months – see story here
  2. Caltex have also used the high A$ value to close refineries – see story here
  3. All that can be certain is that there will be more closures due to the high labour costs and high A$ value when decisions are made about upgrading or closing Australian refineries – see story here

What about the Auto Industry and Government funding received to keep it afloat –

  1. Ford and Toyota job losses reported 14 months ago – see story here – 1,000’s jobs lost –
  2. And more recent job losses at Holden’s operations – see story here –  500+ jobs lost –
  3. Then there is the continued subsidies paid to keep remaining Auto Industry operations afloat – some $2 billion a year … take away those subsidies and can you imagine the job losses – it can be said that subsidies = jobs … doe sit really work in the long term?

Then there is the Manufacturing, Tourism, Agriculture, and Retail industries where job losses in recent years are in the 10,000’s … perhaps even higher … these job losses throw plenty of scepticism at the un-employment numbers and how the Government is hiding the ongoing job losses.  Estimates have Australia’s true unemployment rate in the high teen’s.

Previous posts on the unemployment, part-time verses full-time job creations, and the monthly reduction in hours worked – linked here – prove that there is a slow decline in  full-time work availability, and an increasing workforce participation where employees are working more than a single job to try and make ends meet.

See EYE-BALL Guru story here – Table of Employment growth reproduced below:

Click on Image to enlarge in a new window:

When are Treasurer Swan and the rest of the Government Caucus going to wake up and realise Gillard’s socialist agenda is doing untold harm to Australia’s future prosperity, and condemning future generations to a poverty driven lifestyle.

Quality of life is already in decline with workplace health related issues, like stress, overworked, relationship breakdowns, and the like all on the rise.  Employers expect more for less and the demands being placed on the workforce to prop up the Government spending programs has a doomsday scenario.

Swan’s ‘JOBS-JOBS-JOBS’ mantra has come with a Federal Government debt explosion growth of some $300 billion,  and the idiots in charge believes it is all OK …

Swan wants a blow job from every Australian as thanks for what the ‘Treasurer of the Year’ has achieved.

Swan sees no wrong here … he trusts his advisors, the Treasury and RBA bureaucrats who tell him what a good job he has done – and RBA Governor Glen Stevens has just been rewarded with another three-year appointment for the blow Job he gives Swan every other week.

The dyke is leaking and Swan’s attempts to stop the carnage will fall to the next guy.  Swan will ride off into the sunset with Gillard and her ‘handbag’ brigade all drinking pina colada’s, hugging and rejoicing with one another because they get to walk away from the mess left behind.

Anybody who does not understand the criminal intent here is equally complicit – ALP supporters who do not want to open their eyes is equally responsible.

The Independents Oakeshott, Windsor, Wilkie, and now Slipper and Thompson who sit amidst their numbers are the most serious of offenders … they could have called an end to this carnage at any time but have elected to keep Gillard in power.

From Windsor’s position, he is the most guilty of personal vengeance and selfish perspectives – he has never forgiven the Nationals for what they did to him and that grudge has ruled his heart during a time when he helped hold the ‘balance of power’.  Windsor does not deserve to be treated well by history, but equally to blam for allowing the mess Gillard has created.

Oakeshott is similarly afflicted – he and Windsor often speak about the magnitude of legislation passed during this parliamentary term – the issue should be about the quality of the legislation, not the quantity – and this Government has failed miserably on all its major policy initatives like:

  1. Border Protection,
  2. The Carbon Tax and pricing modules,
  3. The MRRT and its watered down effect to appease the miners all to a cause to gain re-election,
  4. The Gonski reforms,
  5. The NDIS reforms,

Every one of these policies hs not been funded or had the revenues in place before they were legislated …

If our elected Leaders understood the collective pressures these policies would place on the budget, as opposed to accepting Swan’s assurances of the funding in place,  they would perhaps of asked more questions.

There is a lesson here to be learnt by everybody – minority Governments never work – the trade off’s in obtaining the votes is dangerous and always open for abuse … if one was to truly count the spending in the Independent electorates over the course of the Gillard Government – how would that spending stack up against other Coalition electorates?

Last night it was reported that Gillard, Swan and Wong are now advocating a view that – ‘now is not the time to cut spending, but a time to match new funding with savings’ … see David Uren story here

Unbelievable … this new austerity concerns is as false as Gillards morality and all a part of a new McTurd [McTernern]  election stunt …

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please click your favoured Icon(s) to promote the story.  Thank you


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.


The EYE-BALL Guru …

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 36 – Minister Jenny Macklin – Delusional and in Complete Denial –

The-EYE-BALL-Opinion-Header-2
Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 19th Apr 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


– 19th Apr – Election 2013  – Growl No: 35 –
– Deputy Treasurer David Bradbury
– ‘All In’ with no ‘Hand’ to play –


– 8th Apr – Growl No: 34 – The S.S.S – Scumbag Slippery Slipper


– 8th Apr – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play –


– 7th Apr – Election 2013  – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –


– 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers –


– 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED –


– 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else –


– To see more EYE-BALL Harry’s Growl posts: click here …


Title:
– Election 2013  – Growl No: 36 –
– Minister Jenny Macklin  –
– Delusional and in Complete Denial –
| Author: EYE-BALL’s Harry’s Growl | 22nd Apr 2013|
Latest Pickering images – 3 New Cartoons added 19th Apr 2013 – see image links to the left.


The Gillard Front Bench are in denial … their obsession with Gillard and her continued frail leadership defies all logical argument.

The caucus must know there is only the thin wedge between absolute annihilation at the next election and/or the complete demise of the Australian Labor Party.   One would think that all ALP MP’s would be doing their own soul searching and establishing their reasons to jump ship and fight for their own survival at the next election.  The blind support these so-called ALP MP’s only damages the images all politicians have with the electorate.

How can these ALP ‘twats’ – and I mean ‘twat’ in the dictionary context i.e. ‘foolish or despicable person(s)’ … continue to support their Leader when the ALP is falling apart all around them.

The internal destruction has already happened – it now just needs a ‘gust of truth’ to finish the job.

The current Minister for Families, Community Services, Indigenous Affairs, and Disability reform – Jenny Macklin has been in politics since 1996 – her background is in research and health – see link here.

Where Macklin fails in her Ministerial responsibilities and her duty of care is that she lies to the Australian people and is happy to do so.   Macklin is fully aware of her lying when she promises a better funding program for indigenous policies.  Given the enormous ‘black holes’ that keep opening up anew in Treasurer Swan’s budget and forward estimates, how can Macklin in all honesty claim that her policies will be funded to the degree she has promised.

The immediate confusion is whether Treasurer Swan’s claim over the weekend that it was the ‘High A$’ that caused te $7.7 billion black-hole since last October.   Yet it was at the same time that Swan gave an upgraded budget estimate revision from a $1.5 billion surplus to a $0.5 billion surplus in the mid year review.  Swans reasons given then and ever since the Dec ’12 surplus backflip has been ‘revenue writedowns’ … the high A$ excuse was never mentioned at the time.

As a Senior Minister Macklin knows she is misleading the public over the funding promises and the poor record of this Government in keeping its promises.  Her hubris and contempt for the Australian public is almost criminal in its intent.

Whether Macklin is a slumgullion served up as a-la- cart, or just a shag dancer used by all and sundry, she is obviously just someone who is happy to serve on the Gillard feminista team.

Read what she is expected to say at an address to be given to the ‘Committee for Economic Development of Australia conference’

Macklin raises risk from Libs to Closing the Gap


| Author: Patricia Karvelas | Date: Apr 22, 2013 | Link to On-Line Story. |

INDIGENOUS Affairs Minister Jenny Macklin will tonight draw a stark distinction between Labor and the Coalition’s approach to closing the gap between black and white Australia.

In a keynote speech, Ms Macklin will say that only her side of politics can deliver long-term sustained funding to meet the policy’s ambitious goals.

The speech, to be delivered at the Committee for Economic Development of Australia conference in Perth, will articulate Labor’s case for re-election, with the central argument it needs more time to complete the “national project”.

continues

How can Macklin keep a straight face on her funding pledge … how can she deliver a speech claiming the high moral ground on funding and committment to indigenous policies when nothing this Government has said or done on its budget forecasts has any truth to it?

Macklin performs like a foot soldier armed with the latest wedge of ALP propaganda and all designed to create an illusionary perception – the truth is that this Government is toxic to the core and so desperate to paint the other side as the reason for their own demise …

It is so pathetic to watch this crippled Government go through the motions … the Opposition pledge to bring on a May ‘no-confidence’ motion will hopefully end it all and save Swan the humiliation of his Budget Speech …

Politics is a bore at the moment .. same old same oh … the media are not even talking about the no-confidence motion … they are not questioning what Thompson and Slipper will do when they face court in May … the AWU scandal investigation seems at a standstill … and all Gillard can do is make more empty promises.

Who will listen to Macklin deliver her speech … more importantly who will take any notice …

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EYE-BALL’s Guru on – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12’ – He’s a unique type of idiot –

The-EYE-BALL-Opinion-Header-2
Latest GURU Posts:


– 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster –


– 5th Apr – Superannuation 2013-14 –  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity –


– 4th Apr – Australia’s Parliamentary Remunerations –
– Part III – Superannuation – The Future Fund –


– 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ –


– 31st Mar – The Cyprus Bail-out


– 31st Mar – Australia’s Debt – and the idiots Managing the Treasury –


– 20th Feb – Australia’s Parliamentary Remunerations – Part II – Entitlements and Allowances –


– 13th Feb – Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements –


– 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy –


– 23rd Jan – The Turmoil is Already here – We just have to accept what is coming –


– 22nd Jan – The Turmoil is beginning – Japan’s Economic Stimulus to tip the scales –


To see more GURU posts: – click here …


Title:
– Wayne Swan’s legitimacy – He Says …
– ‘high A$ causes $7.5B hole since Oct ’12’ –
– He’s a unique type of idiot  –
| Author: EYE-BALL Guru | 22nd Apr 2013 |
Aslow death is something everyone dreads … yet Wayne Swan is inflicting to most horrible of deaths to the Australian economy …

This boofhead of all the boofheads who served as the Australian Treasurer, and there are only a few who don’t deserve the tag, has stated publicly that the high A$ value has impacted on the current budget to the tune of $7.5 billion.

Only an idiot with supreme lunacy would try to tell the Australian public such a fabrication.  To believe the realness of Swan’s comments – see ABC story here

To highlight Swan’s lunacy even further look to the charts below …

Chart 1:

Click on chart to enlarge in a new window.

The mean average for the period of the above chart is A$1.0391, and by comparison in Chart 2 below, the mean average since the A$ was floated in late 1983 has been A$0.7535.

Swan wants to argue that a $7.5 billion hole in the 2012-13 budget because of the ‘high A$’ as demonstrated in Chart 1 above.  The chart shows a high and low of +/- A$0.2000 over the period … The evidence proves Swan is completely wrong and so far out of his depth trying to explain his budget shortfall.

His revenue writedowns has been his excuse since the surplus backflip in Dec 2012 – now he is using the high A$ value … both are completely off the mark …

The Chart 2 below shows the A$ v US$ since 1998.  A question some financial journalist should ask Mr Swan is ‘what is the total cost to the Australian economy since 2001 where the levels of the A$ were sub A$0.50c …

More importantly … why has the RBA and successive Government’s and their Treasurer’s sat back and allowed the rest of the world to rape and pillage our economy through a high A$ policy?

Chart 2:

Click on chart to enlarge in a new window.

To not make too finer a point – Swan states that in a range of $1.01 to $1.06 in the space of six months, the budget impact was $7.5 billion.   In a logical context … a rising A$ range of A$0.47 – A$1.10 over 14 odd years, with a mean average of A$0.75c since the A$ was floated, would equate to what cost in Government revenues … and that my friends is an equation that Treasury will not tell you … the answer would make all Australians cry.

Costello and Swan with aid from a vintage thinking RBA have cost Australians trillions in reduced A$ receipts from exports and all the commercial benefits of a devalued A$ … yea that’s right A$TRILLIONS …

This is the greatest asset strip from a Nation in a so-called peacetime environment … and done in full view of supposedly smart and savvy people … our Treasury bureaucracy needs a staff cleanout and restaffed with people who understand modern finance and the global economic marketplace.

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Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.


The EYE-BALL Guru …

EYE-BALL Opinion – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –

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Latest ‘EYE-BALL Opinion’ Posts:


– 3rd Apr – Gillard v Nth Korea
– Gillard off to China to fix the problem –
– talk about an overreach –


– 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools –


– 30th – Be careful what you wish for
– A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


– 28th Mar – Apathy – Australian’s have it in spades and deservedly so –


– 23rd Mar – Legitimacy
– Australia demands it – Gillard does not have it –


– 19th Mar – A downside of Democracy – and the ease in which past Leaders move on –


– 16th Mar – The UNION’s – someone needs to tell them – about high labour costs –


– 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow – her desperation is obvious and her judgement is becoming suicidal –


– 14th Mar – Conroy’s Proposed Media Overlord
– If the Government lifted its game – then perhaps the media have an incentive to do the same –


– 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability –


– 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show –


– 10th Mar – The Nation is Slipping Away – can you feel it? –


– 9th Mar – The Dribble … it’s just so exhausting


– 6th Mar Journalist’s – the perils of Slow News Days –


– 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign –


– 4th Mar  – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… –


– 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader –


– 3rd Mar – Government – The Best PONZI Scheme ever


– 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger –


– To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
– Gillard’s Hubris – YUCK –
– has nothing but contempt for the Disabled and Education –
| Author: EYE-BALL Opinion | 21st Apr 2013 |
The countdown to the next election has 114 days to go, only 27 sitting days for the House of Representatives – and Gillard wants to push through Legislation for the Gonski education reforms, and the NIDS.

It is pure hubris contempt on Gillard’s part to think that rushing these important Legislative Bills should have a time stamp attached.

There are three issues in Western politics that motivate electoral activity, Welfare, Education, and Health.

Gillard’s socialist agenda has already had a crack at Health and has the States off-side.  The Education strike is on the agenda with the States at the moment, and more will be known next week in how the States have responded.   As for Welfare – the aged have fared quite well under Gillard, the un-employed have not, and now it is the turn for the disabled.

Gillard has an overflowing fault – debt created to fund her socialist agenda thus far has not been funded by the two new big taxes she introduced – i.e. the Carbon Tax and the MRRT.

She has erred badly in balancing the spend and now with the European Carbon Price collapsing – another $10 billion hole just hit the budget forward estimates.

Last Thursday Gillard fronted the ABC’s ‘7:30 Report’ and was given the ABC’s ‘friends of Labour’ treatment.   The normally feisty Leigh Sales held her cue and allowed Gillard to spruik her garbage about ‘funded savings’,  and other dipstick logic to try and explain how the Gonski reforms are funded.

Have a listen using the link here – or read the text of the interview pasted below:

Transcript

LEIGH SALES, PRESENTER: A meeting tomorrow between the Prime Minister and the premiers could seal the fate of one of the Gillard Government’s signature pieces of legislation, the Gonski education reforms.

The Prime Minister is promising to spend $2 on education for every $1 the states spend in an overhaul of the funding model aimed to delivering better equity between schools and improved results for students.

But the premiers are unpersuaded that the changes are in their interests.

The Prime Minister Julia Gillard joined me from The Lodge a short time ago.

Prime Minister, thank you for your time tonight.

JULIA GILLARD, PRIME MINISTER: Thank you very much, Leigh.

LEIGH SALES: None of the state premiers has said that they’ll sign up to your education reforms. We’ve also seen a new gap in the budget revenue forecasts emerge this week. Does that mean that your education spending plans are already dead in the water?

JULIA GILLARD: Well on the budget, on the spending, we have already announced savings to back in the spending for Australian schools. They haven’t been popular, but in my view they’ve been the right thing to do. And I will sit at the Council of Australian Governments meeting tomorrow and make it very clear to premiers and chief ministers that this is a critical moment to make a difference for Australian education, for children today and for the generations of children to come, to make sure that every Australian child gets the opportunity to reach their full potential in a properly resourced school.

So I am determined, Leigh, that we get this done. I will make that clear to premiers and chief ministers tomorrow. And then if we leave the COAG meeting with any premiers or chief ministers having not agreed, then in the 10 weeks to come, I will be out there, not only talking to premiers and chief ministers about the importance of our children and properly funding their education, but talking to parents, schools, communities about it too.

LEIGH SALES: You say that you’ve already announced savings. Let’s unpack that a little bit. The Commonwealth share of funding for the education plan is $9.4 billion. So far, to pay for it you have nearly $3 billion in the university cuts, plus almost a $1 billion in superannuation savings. So that leaves a gap of about $5 billion. Where will that $5 billion come from?

JULIA GILLARD: Leigh, you’re dealing with two time scales. The figure that you’re referring to of just over $9 billion, which is a lot of money, is a figure over six years. The savings on the forward estimates are obviously the savings over a four-year period. The kind of savings that we have selected, for example, in superannuation have helped to make the superannuation system fairer and more sustainable and those savings continue to grow over time.

LEIGH SALES: But when you’re looking at four years or six years, your government has made some serious miscalculations in what you’re going to earn over the next period. The mining tax is delivering billions less than forecast. We know that the carbon emissions revenue is likely to be substantial less than budgeted. Aren’t your spending promises fanciful given that you’re not going to be making as much money as you’d hoped?

JULIA GILLARD: Well let’s do appropriate comparisons. When we work out what we are prepared to spend, of course we go through a process of properly assessing that and we’ve made proper savings to back in the spending on Australian schools over our forward estimates, and as I’ve just indicated, beyond the budget period, some of these savings continue to grow. On the revenue side, the amount of tax money that the Government gets, the Minerals Resource Rent Tax is deliberately designed as a profits-based tax, so when commodity prices come off, and they came off more sharply than expected, then that does affect the amount of revenue collected. On carbon pricing, we said that we wanted a full emissions trading scheme from 1st July, 2015. That is what we have legislated for. We’ve said we wanted that to be internationally linked so that we got the benefits of the international price. That’s the least cost way for business to cut the amount of carbon pollution that they’re generating. Now there has been some volatility in Europe just like there’s been volatility in all markets in Europe in the wake of Global Financial Crisis.

LEIGH SALES: But you have a whole lot of policies that are going to hit a funding crunch around 2015. You’ve got a dental scheme, you’ve got your education plan, you’ve got the disability insurance scheme, the cost of detaining and housing asylum seekers, a fleet of new submarines. Isn’t there a serious credibility problem here in that you’re making spending promises, but the revenue forecasts that you’ve made have been overinflated?

JULIA GILLARD: Well, Leigh, we make revenue projections working with the professionals in Treasury. We are in an unusual circumstance in our economy at the moment, post the Global Financial Crisis, the amount of tax money per unit of GDP coming to the Government at its lowest rate since the recovery from the recession of the early 1990s, certainly much lower than the professionals at Treasury who work with government predicted. We’ve also got commodity prices coming off and some changes in the terms of trade. So let’s be, you know, real about the things that make budget forecasting the thing that you work with professionals to do, and yes, there are factors that change forecasts. Of course there are. There always have been under previous governments and there always will be in the future.

LEIGH SALES: But Prime Minister, I am …

JULIA GILLARD: On spending, what we’ve said, Leigh, is that we will back in new structural saves with new structural spends. That is what we should be held to account for. We are going to make sure that as we put on the budget new obligations to do the right thing by our kids and with people with disabilities, that we are backing that in with new savings as well. There’ll be some hard choices there and I’ve said to the nation we’ll have to make them, but that is the right thing to do to put those high priority areas, our kids, our future, people with disabilities, first.

LEIGH SALES: But structural changes and cutting spending can only go so far. You do rely on revenue and I’m just making a simple point that you’ve said, “Well, we’re gonna spend and we’re gonna have all these new initiatives,” based on forecasts that you were going to earn a certain amount of revenue and it’s been proven that you’re not going to make that much money.

JULIA GILLARD: Leigh, I’m working with the most up-to-date forecasts that the professionals at Treasury can give me. Then in the budget we will update those forecasts again. That’s what governments do. But, we know that if you are going to introduce a new spend, you’ve gotta back it in with a new save. We have already accepted that discipline and we are working to it.

LEIGH SALES: In terms of wanting to rely on up-to-date forecasts, we’ve seen what’s happened with the carbon price in Europe in recent times. Just a simple question: in this coming budget, will there be a revised price for carbon in 2015-’16 and a revised revenue forecast as a result?

JULIA GILLARD: As the Treasurer and I made clear yesterday, the budget forecasts in carbon and in all other areas will be updated in the usual way at budget time.

LEIGH SALES: Australia’s relying on modelling that the European price for carbon will be $29 a tonne in 2015. It’s currently around $3 a tonne. Do we seriously think that in two years that carbon price could have recovered to 10 times what it is today?

JULIA GILLARD: Well, Leigh, as I just said, we will be updating budgets predictions and forecasts at budget in the usual way assisted by our professionals in Treasury and Finance. So you will see those numbers on budget night.

Just had to pop this Addin: Can you remember when Gillard said this:

… and this …

… and this …

… and this …

… and this …

Comment: The Budget Surplus now explained away because they discovered the Carbon Tax and the MRRT did not produce the slush fund to cover all the new spending programs … just tell this cow that she’s over … done … kaput … dusted … fu_ked … just tell her that nobody wants to hear her any more except when she fronts a court on criminal charges over her AWU fraud …

Interview transcript continues …

LEIGH SALES: Would you consider tweaking the current carbon price legislation?

JULIA GILLARD: The legislation is there. The system has been outlined for all to see. We worked in a very consultative way with business to get this done. We’ve got the legislation in place, Leigh, and of course the system is rolling out against that legislation.

LEIGH SALES: But the legislation’s locking in a price that’s actually a lot higher than what our competitors in Europe are paying. Would you consider tweaking that to bring it closer to what European companies are paying for their carbon emissions?

JULIA GILLARD: Well, Leigh, the legislation’s done and you know how hard that was to get through the Australian Parliament. You know that this has been bipartisan politics since – it was in 2007, let’s put a price on carbon, have an emissions trading scheme. You know Prime Minister Howard supported that, and yet, because of the entrenched negativity of the Opposition, getting legislation through the Parliament was incredibly difficult. We succeeded. We are cutting carbon pollution. None of the silly claims about carbon pricing destroying the economy, wiping Whyalla off the map, $100 roasts – any of the foolish things said by the Opposition, have proved to come true. The legislation is there and we are working against that legislation a fixed price now going to an emissions trading scheme on 1st July, 2015.

LEIGH SALES: Prime Minister Gillard, thank you for joining us tonight.

JULIA GILLARD: Thank you.

LEIGH SALES: And as I said last time the Prime Minister appeared on the program a few weeks ago, 7.30 is in constant communication with the office of the Opposition Leader Tony Abbott about joining us for an interview. We’ll keep you posted.

I know – you had trouble believing and staying with the commentary – I put the YouTube clips in to give some reality to her responses re budget savings … who can believe anything she has to say …

Gillard has lost the plot and lost the ability to speak in anyway where people want to listen to what she has to say.  The Nation has just turned her off … and she refuses to accept all the advice telling her she no longer has the connect she thinks she has.

As if her trip to ‘Rooty Hill’ a month or so ago didn’t let her know how the people feel – she believes her Education and Disability Legislation will somehow win over a disengaged electorate – how big can a bloody fruitloop be …

The Gonski Report:

  • The report says Australia must aspire to have a schooling system that is among the best in the world for its quality and equity, and must prioritise support for its lowest performing students.
  • It says every child should have access to the best possible education, regardless of where they live, the income of their family, or the school they attend.
  • And it says no student in Australia should leave school without the basic skills and competencies needed to participate in the workforce and lead successful and productive lives.

The broad strokes in these key recommendations are as obvious as a ‘Pro Hart’ landscape.   This paid for report hardly covers any of the important issues attached to the Education debate.  For example …

  1. Where is the research to establish what portion of university graduates over the last five years have employment in their chosen field – surely that would paint a picture on where education spending has served the community – where are these university graduates employed if the jobs for their chosen career are not there …
  2. We know there are some 40,000 qualified Teachers who can’t find employment in their accredited field – surely this number of unemployed teachers gives reason to pause before throwing many more billions at teachers via the recommended Gonski reforms …
  3. We have a State by State based education system – one would think that a National curriculum would be a priority – Gonski did not think so in his priority recommendations … how can the Nation think itself unified if we teach different curriculums in different States …
  4. Given the number of criminally reported, the abuse – verbal and physical, student suspensions and expulsions incidents in secondary schools, how can rewarding students with more money thrown at the problem be see as an answer.   Does it not send a wrong message?

Students who put in the effort should be rewarded … better students get better amenities …

This is the one thing that has worked for humanity over the centuries – it is incentive based advancement. The Western World is so preoccupied with equality based opportunities it has weakened the whole education system …

Where is the Gonski recommendations to address unruly classrooms,  the abuse Teachers are subjected to, the lack of parenting responsibility for truancy and poorly behaved kids, these are all important issues Gonski does not even go near in his recommendations – why is more money always seen to be the answer – sometimes being forced to accept responsibility for poor parenting and poor behaviour is all it takes.

Technology is changing at such a pace, that a University graduate is outdated within two odd years unless they are employed in the field and upgrade their knowledge base.

Nothing competes in the workplace against experience … a 25 yo who has never worked a day in their life stacked up against someone who has 5 plus years of work experience is a no brainer.   It’s a bit different for some Professional trades, but then they all have to learn on the job as well …

I’ve attended some of these courses, I ‘ve even lectured at some … the point is that many who take the course will never what they have learnt ever again … it’s a time filler, a funded education plan that gives the student or unemployed some hope that they might still be able to find a career …   it’s all bullshit – if you want it you’ll find a way to get it done … the handout has never worked … and I don’t think it ever will …

The National Disability Scheme [NDIS]:

How dare this cow use the paid for report to suit her socialist agenda … use the disabled to try to save her political career …

The Disabled are in need, their carers in more need, and the facilities they require are not what they should be … but Gillard’s plan is not about addressing the needs of the Disabled, but consumed by the illusion that the NDIS will win her votes at the next election.

This is who Gillard is … her pious tone when she turns on the charm to sell her message is nothing but a bitch in heat turned and presented ready for a mongrel service.

Gillard has no interest in the Nations interest – her interest is in her own interests.  For someone to have got the budget forecasts so wrong – and serious politician would not be shoving another $20 billion of unfunded policies at an electorate trying its best to tell to fu_k off.

Even the abattoir would reject the Gillard carcass … cows like her need to be burned and then buried deep … a complete waste of human interest and the media should do a number on her – just don’t mention her in dispatches, don’t cover her Press conferences … black list the bitch until she gets the message …

I’m not sorry for the vitriol … Gillard and her cast of Pied Piper Monkeys are just that bad … and does the monkey’s a dis-service …


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible. 

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below –  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your an ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 35 – Deputy Treasurer David Bradbury – ‘All In’ with no ‘Hand’ toplay –

The-EYE-BALL-Opinion-Header-2
Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 19th Apr 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


– 8th Apr – Growl No: 34 – The S.S.S – Scumbag Slippery Slipper


– 8th Apr – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play –


– 7th Apr – Election 2013  – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –


– 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers –


– 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED –


– 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else –


– To see more EYE-BALL Harry’s Growl posts: click here …


Title:
– Election 2013  – Growl No: 35 –
– Deputy Treasurer David Bradbury –
– ‘All In’ with no ‘Hand’ to play –
| Author: EYE-BALL’s Harry’s Growl | 19th Apr 2013|
Latest Pickering images – 3 New Cartoons added 19th Apr 2013 – see image links to the left.


The Deputy Treasurer David Bradbury holds a ‘high risk’ Western Sydney electorate and knows his tenure is about to be over.

The reflective desperation in his media releases have that tinge of ‘green’ and he is prepared to make a fool of himself to survive. He is a ‘small’ man by any measure and after following his media releases for some time I just could not resist from exposing his hypocritical stupidity.

His latest media release was about a Geelong Forum where Tony Abbott spoke.

The Bradbury response is posted below:

At today’s forum in Geelong, Tony Abbott needs to come clean about the vicious cuts he intends to inflict on families, pensioners and small businesses in Corio.

Tony Abbott doesn’t have real solutions, but he does have real plans to cut important support for hard-working Australians and small businesses.

For families, Tony Abbott wants to:

  • Rip away the School Kids Bonus from 8,550 eligible local families – affecting 15,050 children.
  • Cut payments for 11,300 local families that help pay bills and make ends meet through the Household Assistance Package.

For pensioners, Tony Abbott wants to:

  • Cut the pension for 27,200 local pensioners – that’s single pensioners losing $351 a year and a couple losing more than $530 from the Household Assistance Package to help them with cost of living increases.

For working people, Tony Abbott wants to:

  • Jack up superannuation taxes by $500 for 23,500 local people, mostly women.
  • Jack up income taxes for 46,000 local people by slashing the tax-free threshold, with an average tax hike of over $300.

For small businesses, Tony Abbott wants to:

  • Cut the $6,500 Instant Asset Write Off, hitting 14,600 local small businesses.

Tony Abbott should stop hiding the facts about his vicious cuts and come clean with the people of Corio.

18 April 2013

This is Bradbury trying to avoid his own party’s shortcomings … you would think he would fix his own house before he told others how to campaign with a positive outlook  … of course it would help if you had a past policy that worked or came in on budget.

In a few weeks the 2013-14 Federal Budget will be released and it will be another ‘Houdini Mirrors’ presentation.

Remember the last one – a budget surplus of $1.5 billion … now to be more likely a $25 billion deficit …

This idiot does not deserve to be serving as a Federal Member … his qualifications and background include:

Qualifications and occupation before entering Federal Parliament

  • BA, LLB(Hons) (Syd), GradDipLegalPrac (ANU).
  • Electorate officer to Senator SP Hutchins 1998-2001.
  • Admitted as solicitor of the Supreme Court of NSW 2002.
  • Lawyer, Blake Dawson Lawyers 2002-07.
  • Senior Associate, Blake Dawson Lawyers 2007.

… hardly inspiring to be serving as a Deputy Treasurer … where is his financal petigree … what does he know about financial markets … he is just one of the many idiots in charge …

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EYE-BALL’s Guru on – The Debt Clock ticks … Tic Toc – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster –

April 15, 2013 6 comments
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Latest GURU Posts:


– 5th Apr – Superannuation 2013-14 –  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity –


– 4th Apr – Australia’s Parliamentary Remunerations –
– Part III – Superannuation – The Future Fund –


– 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ –


– 31st Mar – The Cyprus Bail-out


– 31st Mar – Australia’s Debt – and the idiots Managing the Treasury –


– 20th Feb – Australia’s Parliamentary Remunerations – Part II – Entitlements and Allowances –


– 13th Feb – Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements –


– 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy –


– 23rd Jan – The Turmoil is Already here – We just have to accept what is coming –


– 22nd Jan – The Turmoil is beginning – Japan’s Economic Stimulus to tip the scales –


– 20th Jan – Wayne Swan Tips his hat at New Yorker’s


– 10th Jan – The ANZ Whitehaven Hoax –


– 5th Jan 2013 – Financial ‘Ghosts’ from the Past – Hawke and Keating v Gillard and Swan –


– 29th Dec – The Great Big Financial Swindle – Part II – The ‘Budget Surplus’ Backflip – Swan tells his own Porkies …


– 22nd Dec – The Great Big Financial Swindle – Part 1 – The ‘Budget Surplus’ Backflip – Swan serves up Senator Wong


– 14th Dec – The Walls are crumbling – Government admits High A$ policy is hurting –


– 4th Dec – Retailers and bureaucrats don’t understand – high A$ value responsible for off-shore purchases –


– 19th Nov – Government Expenditures Part I – Department of Prime Minister and Cabinet – DPMC – STAFFING –


– 3rd Nov – Shareholders – Holding back the world – scared money – scared boss’s –


To see more GURU posts: – click here …


Title:
– The Debt Clock ticks … Tic Toc …
– Gillard just spent another $3,000 –
–  counting the real cost of this ALP Disaster –
| Author: EYE-BALL Guru | 14th Apr 2013 |
Agood measure for any  Government, past or presence, can be assessed by the impact their policies have on an electorate, and imposed on any new incoming Government.

This Gillard led Government has debt as its legacy, and a hatful of policies that have not worked.   To help with the measure the Australian Debt Clocklinked here – is a must see presentation of ann Australian debt, both public and private.

The Global Debt Clock is also interesting – linked here … some $50.5 trillion is owed around the world – with a global population of 7.1 billion – source linked here – that means we each owe about $7,000.

Australia’s Public debt totals $466 billion – made up of $272 billion [Federal] and $194 [States], against a total public and private sector debt of $4.5 trillion.   That means every Australian owes $205,000, some 30 times the global average.

Debt is responsible for all the globes current economic problems.  A bit like saying religion is responsible for all wars.   Remember – ‘Greed is Good‘, out of the 1987 Oliver Stone produced ‘Wall Street’ – it was Gordon Gecko’s famous catchcry and definitely representative of the times … in fact it never went away despite the ’87 crash and beyond.

As the Corporate world became more prudential post ’87, Western Governments stepped up and filled the void of debt issuer’s and it continues today.   When Governments owe so much, and the interest cost on the debt owed has the capacity to break a Nation, i.e. the EuroZone P.I.G.S. and more to come, what vested interests ar at play to keep interest low to protect budgets.

A 1-2% rise in interest rates around the globe and almost all the Eurozone goes to the wall – America goes over the cliff much sooner then its current timing has forecast, and Swan and Gillard ride off into the sunset cheering along with their Union mates saying – ‘it’s not our problem now!’

When you put nutters in charge of the finances what else can you expect?

We the voters are to blame … we are so easily duped … this ‘red’ or ‘blue’ personality disorder in the way we think about electing our Leaders is so unrepresentative of an educated population … why can’t people seek out the truth rather than rely of others to tell it to them.

Idiot Swan posted this on his Facebook page yesterday – linked here

This Sunday, thought I’d share seven important facts about the Australian economy that often get overlooked:

1. Australia has a Triple-A credit rating from all three global ratings agencies for the first time in our history.

2. Since Labor came to office, our economy has added about 900,000 jobs – while 28 million jobs have been shed around the world over the same period.

3. The tax-to-GDP ratio will be under 22 per cent of GDP in 2012-13 – lower than every year of the previous Government. In fact, if tax-to-GDP stayed at the same rate of the last year of the Howard Govt, Australians would be paying an extra $23 billion in tax in 2012-13.

4. Taxes under the coalition government grew at 7.5% on average, compared to average growth of 4% under this government.

5. Our net debt is 10% of GDP, which is around one-tenth of the expected peak across the major advanced economies (around 95% of GDP).

6. We have made $154 billion of saves in our five budgets – eight times what the Coalition delivered in their last five. And we’ve offset all new decisions since mid-09.

7. We have seen revenue write downs of more than $160 billion over 5 years, compared to $334 billion of upward revisions between 2004 to 2007.

Guru posted the following response …

There is so much crap written here – desperate people who have their belief system challenged often turn feral – of the seven points Treasurer Swan made – not one is true if you were to compare like with like …

1 – The AAA rating – who trusts Rating agencies anymore – they accept bribes for favourable ratings – was that not the reason for the sub-prime crisis in the first place …

2 – of the 900,000 new jobs only 400k are full-time – the rest is part time – the number of monthly hours worked has fallen to 140 hours down from 149 10 years earlier … check the facts here

3 – tax to GDP – common … when you spend some $300 billion over 3 years the impact on GDP is artificial at best … any measure of a tax base comparison has to be tainted …

4 – What is the premise – based on revenues … check this out and you will see that it was never a revenue problem but an expenditure problem … Treasurer Swan’s story tellers are fiction writers … see evidence here

5 – Debt to GDP is more like 21-25% depending on sources – see confirming link here

6 – Absolute poppycock – $154 billion in saves … robbing Peter to pay Paul and then spending another $300 billion over 3-4 years is not saving $154 billion – this is so crass … wake up Mr Swan – we are educated …

7 – and the biggest lie of them all – the revenue write downs … proven to be all lies here

… continues …

What a waste of energy reading the conversation thread that preceded the comment … how is Swan allowed to lie so openly … and why are people so gullible so as to defend Swan when they have no idea whether what he said is a falsehood or a misrepresentation … we truly are a numbed Nation and deserve everything we are served up with …

Liken it to a trip to the zoo – yea that’s right … we are the animals and it is the Politicians walking around throwing us a few peanuts, pointing, laughing, and saying how dumb are these animals to take the crap we feed them.

… Read on … you might just be convinced that there is a problem …


Gillards Spendathon:

This Gillard/Swan Government have spent some $3,000 a second, some $190k a minute, $11 million an hour,  and some $275 million a day every day for the last three years  – i.e. {$300,000,000,000/3/365/24/60/60} = $3,171… – it’s been a spendathon without peer in this Nation.

Where is the visible value in a $300 billion spend – where are the policy achievements, what do we have as a by-product value from this new debt creation – can anyone see any real tangible benefit?

Swan has been the facilitator and Gillard the deliverer of ill-conceived policy that has no accountability.  Together they make Bernie Madoff look positively tame.   This ‘PONZI’ spending Government has no idea where they will get the funds to pay back what they have wasted.  It will fall to future generations to pick up the pieces and that is a legacy no one can be allowed to forget.

The legacies of good Government are long remembered by historians, whereas the memories of bad Government are most reviled and forgotten in the short-term.  Ridding ourselves of bad Government is an election privilege  and ridding ourselves of this horrendous minority Government experiment is something we are all gasping for – the sooner the better.

Always – a bad Government leaves behind a string of expensive and unworkable policies that have to be fixed, un-legislated, or rewritten.   And then there is the debt overload bearing down on all of us.  Gillard – someone who openly admits she struggles with finances not remembering who deposited $5,000 to her account whilst she worked as a lawyer at Slater and Gordon … Gillard is responsible for the greatest fraud ever committed on Australian’s in our history.

When the performance of the Rudd and Gillard Governments are put into any true perspective, the most mitigating reasoning will surround the GFC and the management of the economy in and during the crisis.  Rudd had cause to be concerned about preventing en economic crisis – yet in 2010 when Australia’s performance beat all the forecast doomsayers – Gillard unseated Rudd and implemented her own socialist agenda spending programs using the GFC as a reason to continue pumping the printing of money.

The EuroZone crisis was upon us all and given what was happening to Greece and the other P.I.G.S. Nations, Australia was always insulated because China kept our mining and resource boom alive – why was there need to continue the spendathon after we escaped the worst of the GFC?

Assessment: – An abysmal failure …


The MRRT:

As Gillard realised she needed funding to pay for her spending agenda,  new taxes – i.e. the Carbon Tax, and the revised MRRT – were introduced.

The original draft of the MRRT being unpopular with the Mining industry,  provided the catalyst for Gillard to move on Rudd as PM – she wanted his job.

To appease the miners and resolve the dispute over the original MRRT that made Rudd unpopular, Gillard went looking for ways to appease the miners and caved into their demands to lessen the impact of the MRRT, giving her a shot at winning the impending 2010 election.

This Gillard/Swan school of economics and responsible financial management has proven to be an unmitigated disaster.  They could not balance a balloon flight – misjudging weigh ratio with air temperature In the three years since 2010 where they guaranteed a budget surplus in 2012-13, they have proved they have no understanding on how our economy works.

The original MRRT forecast was $5 billion, revised to $2 billion, and the reality is a poultry $130 million collected in the first 8 months.  Whoever the bureaucrats were who produced the forward estimates – unless they can claim they were acting under instruction from a Swan directive to fudge the numbers, they should be sacked for gross incompetence.

In fact – the reality has been that the ‘mining boom’ in A$ terms has been over for a number of years – the returns for our resources have diminished some 30-40% yet the volumes shipped are ever-increasing.   This is not good for Australian’s or for the future.

Prudent business’s often hold back selling their produce when the returns offered diminish.  Some of these miners are dependent on off-shore funding i.e. FMG [Twiggy], Clive Palmer, and the like and are locked in on delivery contracts that impact if not met.   Yet who owns the resources?

The miners only hold leases to mine the resources and pay a royalty to do so.  The people of Australia own these resources and the Government [State] hold them in trust on behalf of the people.   The Feds want in on the so-called ‘boom’ times, but it is just an easy cash grab with no real thought to prudent business practices.

If the returns on our resources are not at a premium, why does the State Government not raise royalties to discourage their sale?

Easy answer – the State Government’s can’t do without the revenue.  How fu_ked is that – Government’s are so desperate and dependent for any revenue source.

The Federal Government’s MRRT is such a pox tax – if the intent was to offset the high A$ value and its impact on A$ revenues – one could see merit, but it was not.   It was a tax grab in direct competition with the States and signaled an intention to mess with State Government revenues on a larger scale.

All that was promised with the revenues the MRRT would raise is now in the toilet – reduce Company tax, superannuation to 12% … etc …

Gillard and Swan stand before you with egg all over their faces and yet they still claim creditability in how they have managed the economy.

In fact, Federal and State Governments are heading for a show down over revenues.  They are all in the markets competing for and pressuring corporate borrowing costs to fund ongoing and new debt.   They don’t realise it but they are killing the mining industry to the exclusion of all the other industries compounding under the impact of the high A$ value.

If the Federal and State Government’s had any concerns over the reduced returns these natural resources are yielding – they would impose additional royalty tariffs to offset the currency impact and try to protect these resources and save them for future generations.  But when RBA’s advice is that they don’t see the A$ as overvalued – what can be done.

As reported countless times over the last three odd years – the high value A$ has cost miners, farmers, tourism, manufacturing, employment, education, somewhere between A$1 and A$2 trillion  in lost revenues since the early 2000’s when the rest of the world began to invest in the ‘cash and carry resource trade’.

Swan, Bradbury, Stevens, Lowe and the like know this and rather then act to correct the continued wealth transference off-shore, they all lie to protect themselves and their incompetence in managing a global assault on the Australian economy.

We are losing the global economic WAR and the resources being pumped and stripped to far off lands only to have the value added product imported back to Australia at a huge premium.

Assessment: – An abysmal failure …


Treasurer Swan and RBA’s Stevens at odds:

In recent days RBA Governor Glen Stevens has gone public over Treasurer Swan’s renege on a promise to leave RBA profits alone to shore up capital reserves – see story below:

Wayne Swan ‘went back on word’ in taking $500m from RBA


| Author: David Uren, Economics editor | Date: Apr 12th, 2013 | Link to On-Line Story. |

WAYNE Swan’s order forcing the Reserve Bank to pay the government a $500 million dividend last year overturned his earlier agreement that the bank should use its profits to rebuild badly depleted reserves.

The Treasurer demanded the dividend in the face of pleas from governor Glenn Stevens that it would leave the bank “significantly” short of capital.

Following the release of correspondence between the two men under Freedom of Information laws, Coalition Treasury spokesman Joe Hockey accused Mr Swan of putting his “political survival ahead of the national interest”.

“In raiding one of Australia’s most important and trusted institutions, Mr Swan has compromised both the integrity and functioning of the Reserve Bank,” he said.

In a letter to the Treasurer on July 13 last year, Mr Stevens pleaded with Mr Swan to honour his word, allowing the bank to transfer all its 2011-12 profit to its reserve fund.

“This would be consistent with your earlier agreement to this approach to begin the process of restoring the balance of this reserve, which had been largely depleted by the losses of the previous two years,” Mr Stevens wrote. The rise in the value of the Australian dollar has left the Reserve Bank with huge foreign exchange losses on the holdings of foreign exchange which it is required to maintain.

The bank recorded a loss of $4.9 billion in 2011-12 and $800 million in the previous year, reducing its reserve fund to $1.3bn. The reserve fund is essentially the bank’s capital, needed to cover any losses from its $80bn in assets.

Mr Stevens acknowledged Mr Swan’s earlier agreement that the bank could transfer all its profits to the reserve had been “in-principle” and subject to formal approval, which he sought.

Mr Stevens underlined the bank faced critical shortage of capital.

“If you were agreeable to such a transfer, the balance of the Reserve Fund — the bank’s permanent capital — would stand at $2.4bn, a balance that remains significantly below a level appropriate for the risks held on the bank’s balance sheet in the medium term,” he wrote.

Mr Stevens noted that in June 2009, before the bank incurred huge losses, the reserve fund stood at $6.9bn. However, in an undated letter, Mr Swan rejected Mr Stevens’s request.

“Consistent with long-standing practice, the government believes it appropriate that taxpayers receive a dividend from the Reserve Bank where circumstances permit.”

He said he agreed it was prudent the bank should work towards rebuilding its reserves and said that for this reason it should retain “a portion” of its 2011-12 profits; however, he said he had decided that $500m should be “made available to the commonwealth as a dividend, to be paid in the 2012-13 financial year”.

A spokeswoman for Mr Swan said last night that by leaving more than half the bank’s earnings to be put into reserves, the government had ensured the bank’s reserve fund was “appropriately capitalised”. She said it was not the government’s intention to take a dividend from the bank this year.

This Steven’s ‘pissed-off’ story has been about for several months and continues to gain traction on the back of Swan’s desperate needs for budget savings.

This is a serious issue – the $2.4 billion RBA reserves, down from $6.9 billion in 2009 is hardly a solid stake to play the global currency game.  To expect the RBA to manage the global risk exposures on a $80 billion book of assets with a $2.4 billion capital base makes a complete mockery of prudential risks.

The gearing ratios involved here go far beyond those considered acceptable for Commercial Banks and the like.   There is no wonder the RBA does not intervene in currency markets to stem the high value of the A$.   The RBA is broke people, and the Government does not understand what it does not understand in what the true nature of the RBA’s position represents.

Having lost $4.9 billion in the 2011-12 year should signal to the Government the risks involved – with a poultry $2.4 billion left – the $500 million Swan wants to take shows how desperate he is, and more importantly how little he understands financial management.   That $500 million is a days revaluation,  for a Central Bank to be operating with so little capital reserves already puts us in the ‘third-world’ category.

An IMF policy paper published Feb 2011 on Central Bank Balances and Reserve Requirementslinked here – gives reasoning and effects on managing and mis-managing Central Bank reserves.

Swan should be shoring up Central Bank reserves rather than looking for ways to strip funds to balance his budget – is ‘dunce’ too strong a word?

Assessment: – An abysmal failure …


Financial Management – Budget Control:

The size of the budget forecast for 2013-14 being put together now is already being mooted to be another large deficit, as will the next four (4) years of budget forecasts.

Given the creditability swan dive this Government suffered over its 2010 guarantee of a ‘surplus’ for 2012-13, and now looking to be close to a $25 billion deficit, Treasurer Swan’s personal creditability with remaining Caucus members hangs by a toenail.   The poll indicators show he is on track to lose his own seat of ‘Lilly’ in metropolitan Brisbane at the upcoming election.

Will that really be enough to reflect Swan’s true incompetence and the ‘debt’ legacy he will leave for the next Government to try and fix?

Swan will live the rest of his life with a guaranteed pension around $175k per year with additional parliamentary perks to top it up.

Swan will be allowed to walk away and pay no dues for the legacy he will leave behind.

Assessment: – An abysmal failure …


Labour Force Costs and the Global Economic War:

There is a global ‘WAR’ now being waged – now a military war as most of us understand – but a ‘financial and economic war’ that plays itself out on the global markets.  This market place trades in labour costs, returns on investment, political stability,  economic management, and currency value, all contributing and impacting on the global investment community and the choices they make.

Australia’s domestic employment as seen from within seems normal – yet from an overseas investment perspective it is high risk.  Australia have priced itself out of the global labour market and that means 100k’s of job losses in coming years.

Gillard and Swan keep talking about ‘jobs, jobs, jobs,’ and they have backed it up with a spending program that in effect subsidised wage costs.

Even this has not stemmed the flow of corporations now relocating workforces off-shore because of the cheaper labour costs in doing so.

Australia is at the top of the ‘labour cost’ market.  Australia has become the most uncompetitive place for investment – a historical high currency, an unstable Government, an escalating Debt/GDP forecast, an absence of restructuring programs,  and a labour force unionised under a Gillard led Socialist Government intent on a blinkered protectionist policy’s.

Treasurer Swan carries in his back pocket a list of ‘investment pipeline’ projections that he keeps telling us is some $500 billion.  He pulls this rabbit every time he is cornered over his broken promises.  He trumpets this ‘investment pipeline’ rubbish trying to convince us we are the envy of the world.

They envy our climate most of all you dumb fu_k.

Assessment: – An abysmal failure …


Currency Wars:

The shock awaiting us all in coming months will be a ‘flight of funds’ as the rest of the world realises the party they have been celebrating on Australia’s dime has run its course.    This flight will hopefully correct the A$ and take the pressures off our labour force costs.  It is something we should all wish for …

Woodside announced through the week the cancellation of their $45 billion Gas project that was on Swan’s list. Shell announced the closure a an oil refinery mid-week. Ford and GMH have put the Government on notice they need more subsidies to keep the auto industry producing cars in this Nation. Tourism operators and staff are deserting the industry, housing has flatlined, manufacturing is moving off-shore, Telstra and several other customer service help lines have already moved off-shore – and as quoted above by Glen Stevens in an address he gave in Jun 2012 to the Prime Minister’s Economic Forum – see below for extract:

Mr Stevens told the Prime Minister’s Economic Forum in Brisbane that the high exchange rate was not necessarily a bad thing, but it did mean that businesses and governments must look at how workplaces can become more efficient.

He says Australia should stop “pretending” it can compete against the low-wage economies of Asia, and instead focus on productivity gains.

“Better productivity is the imperative to survive,” Mr Stevens told the audience.

“The test really is how many of those enterprises can get the productivity up, because that’s really the way out in terms of coping with a high exchange rate.”

The RBA governor issued a challenge to business leaders to adapt to the new economic environment, and for governments to ensure there were no impediments to such adaptation.

Mr Stevens says productivity growth has fallen in the past six to eight years, and it will take unpopular decisions to turn it around.

He is urging the Government to carry out the Productivity Commission’s “long list” of reform ideas, although he warns that some of the changes will be very difficult to implement, and “politically hard” for governments to achieve.

… Full audio of address can be heard using this link

The timeframe span will take some 20-30 years before any assessment of performance will be truly judged.

For those of us who know better – subjective judgement can and will be delivered as reflected in the September 2013 election, or not sooner.

Assessment: – An abysmal failure …


Forward Estimates:

One thing can be said of the John Howard and Peter Costello 11 years of Government, they left Australia in financially better shape than at any other time in political history.

Since – and under successive ALP Government’s for the last six years, Prime Minister’s Rudd and Gillard have created destruction across all the forward budgetary estimates. They claim it is because of revenue shortfalls. Yet the spending programs have accelerated at blinding speed based on new taxes introduced that have failed to produce revenue estimates.

You measure any financial situation, if you were to spend the projected incomes before the incomes materialised – that would create debt right. Well when debt is accumulated and the cost of that debt increases and the revenues still don’t arrive – what do you think a prudent Banker would do?

For starters the Banker would not have lent the money in the first place any anything like a prime rate cost – there would be risks. The head of those risks would be the creditability and track record of the clients, in this case the ALP Government.

There is no assessor to these spending programs other than the Treasury bureaucrats putting together their numbers on forward estimates to support the public policy legislation. Cooking the books is a criminal offence in the Private Sector – anyone loading up a prospectus with forward estimates known oto be unachievable will go to jail – regardless whether it was done knowingly and with vested interest motives.

PM Gillard, Treasurer Swan, and the whole of Cabinet are responsible for the so called budget ‘revenue writedowns’. Let us call it by its true assessment – ‘complete and utter incompetence’.

In addition – Finance Minister Penny Wong is out there telling us all about the reasons why the budget will continue to run at deficits for the next four (4) years – read below:

No early recovery, government warns


| Author: David Uren, Economics editor | Date: Apr 13, 2013 | Link to On-Line Story. |

SOFTENING individual income tax revenue is the latest headache for the government with the latest Finance Department report showing the budget is still in deficit by more than $20 billion.

The government is warning there will be no early recovery, with a spokeswoman for Finance Minister Penny Wong saying the revenue shortfall will affect the budget for at least the next four years.

The government’s February financial statement shows revenue in the first eight months of the financial year is $6.3bn lower than Treasury expected when it updated the budget last October, mainly because of disappointing company, superannuation and resource tax revenue.

The statement shows that the government’s debt is now up to $165.3bn, which is already more than $20bn higher than Treasury expected for the full financial year.

continues

link to Feb 2012 OFM Statement

This horse has bolted and the Gillard Government is intent on blaming everyone but themselves. What reputable Treasurer, one who had the title as ‘Best Treasurer in the World’, would not accept their responsibility for getting their forward estimates so horribly wrong?

Gillard herself is most responsible as a ‘shopaholic’ type spendthrift – she can’t help herself in front of a microphone – she just has to promise more spending so the crowds will cheer. Her Cabinet has the same disease and as they try to make Australia a socialist regime their intent cannot be misunderstood.

Three years of Gillard post GFC spending has seen some $175 billion of new debt, and the promise of another $100 billion or so of future debt. Where is the revenue forecasts to balance this expenditure – oh … that’s right – the forward estimates can be blamed.

The problem with Federal, State, and Locally elected members who have no financial creditability or understanding – is they can lead you over a cliff in a very short space of time.

Ignorance or stupidity can never be the excuse, yet that is what is demonstrated time after time … look at some of Treasurer Swan’s response to a simple questions about economics and finance when asked …  [Nov 2008]

… and again here … [5th Mar 2012] – make sure you count the times Swan obfuscates over the question and does not respond directly …he really is a poor performer in front of a camera and when speaking without his graphs and script to work from.

… and if you want to spend more time watching Swan make a fool of himself, check out the collection at this link

All highlighting the fact that Swan is no natural financial wizard … he has no clue just how bad he really is …

Assessment: – An abysmal failure …


Financial Management – Currency:

Global conflict has been a historical precedent for 1.000’s of years. It is not always a military conflict in traditional terms.

In modern times we’ve had the ‘Cold War’, ‘War on Terrorism’, and in most recent times we have had a new type of global conflict – ‘currency warfare’, and ‘labour cost warfare’.

These are not open conflict where troops are engaged in a traditional sense. The currency war ia about obtaining financial advantage by having a devalued currency to make your output cheaper to overseas buyers. The ‘labour force war’ is about the cost of production and how that impacts on domestic employment against overseas competition.

There is no doubt this ‘financial warfare’ has been going on for 15-20 years in a very aggressive way. The concept has been alive and well for 100’s of years happens since the ‘market forces’ concept was born.

Supply and demand is the center of the ‘capitalist dream’. In recent times the supply part of the equation is governed by who can supply the goods at the cheapest price. The demand follows the supply costs and whoever controls that cost base productivity controls the demand and the margins of profitability.

Add to this basis capitalist greed a currency market that in a free market would reflect the supply and demand equation – the relativity of a balanced global economy would be much fairer. However – we have those who enter the market with intent to manipulate their currency value for the purpose of gaining an advantage over all the other suppliers.

Now add to that the might of military power and a population almost 4-5 times that of their main competitors, and a labour force stuck in third world living standards – you can see why the Western World is in a manufacturing quagmire, and unable to compete with the Asian presence.

There have been mumblings about China and their pegged to the US$ advantage. Nobody can do anything about it unless China want to feel generous.

Does China have reason to want to be generous – other than a complete meltdown of the capitalist network if they don’t look to share – history would indicate that the West have plenty of reason not to expect unconditional favours from China.

Now we come to Treasurer Swan, previous Treasurer Costello, and RBA head honcho Glen Stevens.

In another speech on currency by Phil Lowe – RBA Deputy Governor – he spoke on ‘intervention’ and how the RBA viewed such action – his comments were reported in part and appear below: link to On-Line Story

October 30th, 2012:

THE Reserve Bank of Australia (RBA) says the conditions are not right for it to intervene in currency markets to reduce the value of the Australian dollar.

Reserve Bank of Australia (RBA) deputy governor Philip Lowe told the Commonwealth Bank’s Australasian Fixed Income Conference in Sydney the Australian dollar is not overvalued.

“The major influence on the currency is the terms of trade, the commodity prices,” Dr Lowe said.

“That’s why the exchange rate is high.”

Dr Lowe said in answer to questions at the conference that the current conditions were not right for an intervention.

“While it’s a bit surprising that the currency hasn’t come down – the outlook for the world economy has softened and interest rates have gone down – the currency is still not at a point where I think you can make a strong conclusion that it is fundamentally overvalued,” he said.

“Really you’re talking about whether the Reserve Bank should undertake a very large scale intervention in the currency markets.

“The argument for doing that would arise if we thought the currency was fundamentally overvalued and was having a really adverse affect on the Australian economy.”

A recent case when the RBA intervened in currency markets was in late October 2008, when it spent $3.15 billion propping up the Australian dollar after it fell below 61 US cents as the worst of the global financial crisis was setting in.

“Historically, we’ve been prepared to intervene for short periods of time when there is market dislocation or where the exchange rate has been fundamentally away from where it should be,” Dr Lowe said.

“So that possibility is not ruled out but it would be a very big step moving away from a system that has serve us very well for a very long period of time.”

Dr Lowe said the floating of the Australian dollar in December 1983 was one of the most fundamental economic reforms Australia has made over the past 30 years.

“It has been an incredibly stabilising influence, there have been periods where people may feel very uncomfortable about the movement but if you look back over the history it is difficult to escape the conclusion that a floating exchange rate has been a tremendous benefit to this country,” he said.

“A decision to to intervene by the Reserve Bank would be a very big one.”

Audio replay of full speech –

It would seem that the RBA are not overly concerned with the impact of a high A$ value – Stevens and his Deputy are bureaucrats and as such are a part of the problem. They are political appointments as is the make up of the RBA Board.   ALP friends and there to serve the cause …

When China pegged their currency to the US$ in the early 1990’s it was a master move by a regime with a 200 year agenda.  They knew that their biggest asset was their cheap labour.  Rather then have them serve as soldiers in a modern war game – they used their poverty to their advantage to beat the rest of the world on production costs and output.

Cheap and plentiful labour will always beat competing economies as evidenced in this and every other Western Nation in the last 10 years or so.

When the currency trap is added that favours weaker currencies – and the US$ weakness not only helps the USA economy, it keeps China so far ahead of everybody else, the rest of the Western world is fighting over the scraps left behind.

Yes folks – it is a War, a war of a different kind that will see populations turn on themselves as poverty bites … it’s a genius plan and the knots are would so tight with the over burden of debt attributed to Western Governments now fixed to the anchor dragging them all over the abyss … it is only a matter of time … and then China may have won a victory – but they will have no one left to trade with and they too will implode and that will be the ball-game.

It might take 50 years but that is small time scales when you think about history …

Assessment: – An abysmal failure …


Summary:

Do you think Treasurer Swan or any other Politician serving under Gillard has thought this through 10 years hence … thinkers are few and far between in this world and it is a case of ‘shoot the messenger’ from where Gillard stands and surveys her future …

She will not and cannot be convinced her time is done … or that she is bad for the Nation.  She intends to lead us all over that abyss in some majestic vision she has about her own place in history …

What a slapper she is … an idiot with extreme and gargantuan egotistical issues … she has never accepted she did anything wrong in the early 1990’s when connected with the AWU fraud – and ever since she has been driven to try to prove everybody else was wrong to punish her for the way it went down – and this Nation has and will continue to paid the price for her misguided socialist agenda for generations to come.

This whole Gillard minority Government hs been:

– An abysmal failure …

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The EYE-BALL Guru …

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 34 – The S.S.S – Scumbag Slippery Slipper –

The-EYE-BALL-Opinion-Header-2
Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


– 8th Apr – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play –


– 7th Apr – Election 2013  – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –


– 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers –


– 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED –


– 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else –


– 28th Mar – Election 2013  – Growl No: 28 – Gillard – The Face of Evil Revealed –


– 27th Mar – Election 2013  – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters –


– 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … –

– 21st Mar – Election 2013  – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything –


– To see more EYE-BALL Harry’s Growl posts: click here …


Title:
– Election 2013  – Growl No: 34 –
– The S.S.S –
Scumbag Slippery Slipper –
| Author: EYE-BALL’s Harry’s Growl | 8th Apr 2013|
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.


[Click on image above to enlarge in a new window:]

This scumbag corrupt politician was to front court today to hear charges over the ‘cabcharge fraud’.  His lawyer tried for another adjournment but was laughed out of court. Slipper’s lawyer then went to the backup plan and entered a plea of – NOT GUILTY –  how unexpected and perfectly well within his rights to do so.

The reporting on todays events can be read below:

Peter Slipper forced to plead not guilty to fraud charges


| Author: Lanai Scarr | Date: Apr 8th, 2013 | Link to On-Line Story. |

UPDATE: FORMER parliamentary speaker Peter Slipper has been ordered to enter a plea of not guilty over the alleged misuse of taxpayer-funded taxi vouchers.

Mr Slipper’s Queensland-based lawyer Peter Russo today asked for a further adjournment of the matter which was denied by ACT magistrate Bernadette Boss.

Ms Boss entered a not guilty plea for Mr Slipper to progress the matter.

The former Liberal MP-now-independent will be required to front the court on May 23 at 11am for a case management hearing.

Mr Russo said he was seeking a five week adjournment over the matter.

“We are in a situation where we are awaiting advice from counsel in relation to the matter,” Mr Russo told the court.

Ms Boss said due to the matter having been adjourned twice before in February and March she could not justify pushing the matter back any further.

Prosecutor Karen Musgrove said she was awaiting evidence from a geospatial expert in order to complete the brief of evidence on the matter.

Peter Slipper’s lawyer, Peter Russo, addresses the media after an earlier hearing. Picture: Gary Ramage

She said she envisioned it would be complete in six weeks time.

Mr Slipper was originally given leave not to attend today’s hearing on the proviso he enter a plea.

Mr Slipper, who stood down from the role of Speaker of the House of Representatives amid controversy last year, faces charges relating to three occasions in which he allegedly dishonestly used Cabcharge dockets to visit Canberra wineries in hire cars in 2010, amounting to $1194 in charges to the taxpayer.

He faces the possibility of a jail sentence, with the offences carrying a maximum penalty of five years’ imprisonment if he is found guilty.

Mr Slipper last year denied misusing Cabcharge dockets, saying allegations against him were a “complete farbrication”.

Doesn’t it make you feel good to know that this man will be in line to receive a parliamentary pension for life somewhere around the $150k per annum if he is voted out at the next election.

That is of course if he is found ‘not guilty’ in any court case verdict that might happen before then, or if he resigns from Parliament before the Government terminates his tenure upon a court conviction.

For us mere subjects supposedly living under the same justice system – if we are caught up in some criminal conspiracy similar to Mr Slipper – we would normally be suspended pending the outcome.  Particularly if continuing in your job allowed you to have a controlling interest i.e. balance of power in the House of Representatives – in making the laws that governed our society and Nation.

How does this happen … and how can the Opposition and Independents not work together to get rid of Slipper, Thompson, and then Gillard who is also under investigation over the AWU fraud.  It is an ‘outhouse’ of sewerage slime don’t ya think.

Politicians protect their own and why the Independents and Opposition have not addressed this matter is a part of the problem. Windsor and Oakeshott claim ‘due process’ – yet any Law enforcement officer with the slightest stink attached to their behaviour sees them automatically suspended.

Slippers intent here is to get as close to the election as he can using delaying tactics – and the Courts can do nothing to prevent it.

This is more than the stench of exposed sewerage … Slipper you are scum of the earth – worse than rapist’s and pedophiles … you steal from the public purse and believe your are entitled to do so.

 

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EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play –

The-EYE-BALL-Opinion-Header-2
Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


– 7th Apr – Election 2013  – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –


– 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers –


– 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED –

– 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else –

– 28th Mar – Election 2013  – Growl No: 28 – Gillard – The Face of Evil Revealed –


– 27th Mar – Election 2013  – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters –


– 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … –

– 21st Mar – Election 2013  – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything –


– To see more EYE-BALL Harry’s Growl posts: click here …


Title:
– Election 2013  – Growl No: 33 –
– When the she cat is away –
– you’d think the other side would come out & play –
| Author: EYE-BALL’s Harry’s Growl | 8th Apr 2013|
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.


There has been so much focus on Gillard and her Cabinet’s failings for such a long time.   In all that time the attention on and given to Tony Abbott has been about as dim as it gets – Abbott has had to do nothing to attain the political standing he has – it has all been on the back of Gillards choices and poor policy options.

Gillard left for China over the weekend and will be there for most of the week – and while Gillard is away the Abbott opportunity to shine and step into the light has not happened.

Why is that?

Is Abbott so scared to step forward and seize the moment, is he frightened that by making himself a target he will risk more than he will gain?

Does he think he will fumble the ball at the very time when it will all fall to him if he just sits back and waits for Australia to dump Gillard?  If so – he risks more than he knows.

Is the ALP such a destroyed force that the electorate will vote for anyone that stands up as the alternative?

Abbott has to prove he is worthy and in this week where he could do so much to prove his worth and value to so many disenfranchised Australians looking for Leadership – his choice is to remain shielded in his bat enclave proving nothing to those who think he might be the real deal as the alternate PM.

Abbott is someone that follows – this site has advocated all along that he is not the inspiration this Nation needs – he does not provide that strength of purpose, that vision of hope, that motivation to believe.   He has been and always be someone that walks the middle ground and never takes a risk.

His position as Opposition Leader happened on the swing of one (1) vote – and up against the pathetic Gillard Leadership, anybody could win the next election if they were Leader at the time.

The oncoming election is the ‘drover’s dog’ equation all over again.

Will someone tap Abbott on the shoulder as Bob Hawke did to Bill Hayden?

Surely this Nation deserves the best possible option available and the question about Abbott’s leadership skills have always been a question mark.

Should it be Turnbull – a sulking ex Liberal Leader who wanted to pack his ‘bat and ball’ and run off after Abbott beat him by that single vote.   This from a man who had the party fight tooth and nail to get him preselected for his safe ‘Wentworth’ electorate.

Howard had to talk him down from his resignation position – why … if he wanted to be PM – what sort of man sulks off after a caucus room defeat?

Turnbull is damaged goods because of that – and the reasons that led to the Leadership spill to begin with.   Yet – he is still the most eminently qualified among all those on the Opposition front bench – who else is could it be?

So the question remains – in Gillard’s absence who can and is best qualified to lead this Nation? Should it be the match up so many wanted in the lead up to the 2010 election:

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Subscribe to EYE-BALL’s – Harry’s Growl

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –

April 7, 2013 Comments off
The-EYE-BALL-Opinion-Header-2
Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


– 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers –


– 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED –

– 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else –

– 28th Mar – Election 2013  – Growl No: 28 – Gillard – The Face of Evil Revealed –


– 27th Mar – Election 2013  – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters –


– 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … –

– 21st Mar – Election 2013  – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything –


– To see more EYE-BALL Harry’s Growl posts: click here …


Title:
– Election 2013  – Growl No: 32 –
– Senator Wong gets the wobbles –
– steps up and proves she’s in over her head –
| Author: EYE-BALL’s Harry’s Growl | 7th Apr 2013|
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.


Senator Penny Wong, Finance Minister, weighed in on the Superannuation debate with her ‘wrecking-ball’ analogy but forgot to do her homework.

Swan and Shorten went to great lengths to tell us all that the new superannuation rules covering a 15% tax on Super Fund incomes of $100k or more will only impact 16,000 odd superannuants.

They also told us that it would create revenue of $900,000,000 over the next four (4) years.  Really this is just so simple … does that mean the 15% tax on super incomes over $100k will generate $900 million over the next four (4) years – which then translates to also mean that these 16,000 wealthy super fund owners will be the ones paying this $900 million.

How is that not unlike the ‘Cyprus’ bailout where wealthy depositors had their savings taxed to provide €10 billion to cover the Cyprus Governments part of the Euro bailout package?

In Australia’s ‘Cyprus’ like tax – as Abbott referred to – the Government is targeting wealthy Australians who have used the legal rules to create superannuation wealth, and now the Government wants to change the rules and apply a new tax on these wealthy funds.

To be precise in what Senator Wong said – the story has been reported as pasted below:

Wong condemns ‘wrecking ball’ Abbott


| Date: Apr 7th, 2013 | Link to On-Line Story. |

Finance Minister Penny Wong has labelled Opposition Leader Tony Abbott a “one-man wrecking ball” for comparing the government’s superannuation changes with the crisis in Cyprus.

Senator Wong joined Prime Minister Julia Gillard in attacking Mr Abbott over comments he made last week, when he said “every time a government raids people’s funds, there are shades of Cyprus about it”.

On Friday, the government announced a series of superannuation reforms including a 15 per cent tax on superannuation earnings over $100,000, a measure it says will affect only 16,000 high-income earners.

Senator Wong said Mr Abbott “behaves as a one-man wrecking ball”.

“This is a man who wants to be the prime minister of the country, making economically reckless statements,” she told Sky News on Sunday morning.

“For all my criticisms of (John) Howard and (Peter) Costello, can you imagine John Howard trying to damage confidence in the economy and in superannuation to make a political point?”

Speaking from a business forum in China, Ms Gillard said the opposition leader was an “economic simpleton”, and the comments “a crazy statement that no person of reason could make”.

The government’s superannuation measures will save more than $10 billion over the next decade, when combined with an already announced increase to the contributions tax rate for those earning more than $300,000.

As part of the changes, concessional contributions caps will also be increased for the over 60s from $25,000 to $35,000.

Asked if she could rule out any further changes to superannuation, Senator Wong said: “I can tell you what our policy is and our policy is the one announced.”

Senator Wong also wouldn’t say whether she had pushed for bigger changes to superannuation, only to lose the argument in cabinet.

“I won’t go into that – I’m certainly never going to be one of the people that discuss what might or might not have been said in cabinet,” she said.

“It is a balanced package that does what we wanted it to do, which is look to the long term to ensure that we made the system of concessions more sustainable and we continue to build the retirement incomes of Australians, particularly low-income Australians.”

Greens leader Christine Milne told Sky News she thought the government “did lose its nerve” on super reform.

She said she supported taxing super earnings over $100,000.

But because the government has said it cannot legislate the changes before the September election, Senator Milne said the policy was “merely an election promise from Labor that they’ve factored into the budget”.

Health Minister Tanya Plibersek said the opposition was taking a “cheap shot” at a complicated issue.

“If you have $20 million in super, you don’t need extra help from the government to keep saving,” she told Network Ten.

She denied the super changes had been rushed through the cabinet process.

“Yes, there was a discussion … it was canvassed at great length and great detail,” Ms Plibersek said.

She took a swipe at former cabinet minister Simon Crean who, during the speculation before the announcement, pledged to oppose any move to tax earnings on super accounts and to make the changes retrospective.

“I think it was extremely unfortunate that Simon made the comments that he did,” she said.

“It was strange that Simon whipped up the fear that he did.”

Mr Crean has since given his blessing to the super changes announced on Friday.

Ms Plibersek described the changes as modest and fair.

Former Labor superannuation minister Nick Sherry, who left politics last year, said the new Council of Superannuation Custodians would have to consider setting out long-term sustainable rules that could be adopted over time.

“It may be unpopular for me to say this … but given the age pension is accessed at 65, moving to 67 it’s means tested, accessing super as a lump sum at age 60 in my view is unsustainable,” he said.

© 2013 AAP

I particularly mused over Senator Wong’s distaste for the ‘Cyprus’ comparison.

By what measure is the $900,000,000 not a tax on the wealthy?

Swan and Shorten estimated the amendments would generate $10 billion over the next 10 year forward estimates.   That is some serious numbers – but in 2010 the Gillard Government gave an iron clad guarantee that the forward estimates proved a budget surplus for 2013-14.  You would just not trust anything this Government said or maintained when it came to budget estimates and spending cuts.

To turn the $900 million over four years into $10 billion over 10 years – what are they hoping for … bracket creep …

That would then require some research to see how many people sit just below the $100k income on super level’s now.  That might make the 16,000 look a little suspect – maybe the real number might become 100,000’s in 3-4 years …

You just can’t trust any politician anymore with your money.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please click your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam. Links to Australian Parliamentary Website – MP’s:


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