Kevin Rudd is at his populist best in tarring Australian banking executives with the same brush as their free-wheeling US counterparts. There are no indications to this point that any of the Australian banks are at risk of failure despite international problems with liquidity; and yet that hasn’t stopped Rudd calling for a cap on [...]
What is the government hiding. If they can spend $10.4 billion to rescue the country why can’t they level with us now and outline, at least in broad terms, how they came to the decisions and what impacts they see the package having on the economy. I’m smelling obfuscation, deception, and incompetence. I hope I’m [...]
Rudd slams ‘obscene failures’ in banking system – ABC News (Australian Broadcasting Corporation) Yesterday the Government also announced a $10.5 billion stimulus package to help Australia cope with the meltdown. Mr Rudd says the package has come at the right time. “As Prime Minister I will not sit idly by and watch Australian households suffer [...]
Turnbull, Costello want release of Treasury advice – ABC News (Australian Broadcasting Corporation): “Opposition Leader Malcolm Turnbull and former treasurer Peter Costello have urged the Government to release the advice which led to the decision to spend nearly half the surplus on a $10.4 billion economic stimulus package.” I’m with Turnbull on this issue. What [...]
A second after finding out Australia is in economic hot water Prime Minister Kevin Rudd is taking steps to ensure the fires of industry are stoked under the Chinese economy. His goal? To make sure that China continues to buy Australian exports. Rather than looking for sustainable strategies for the creation of jobs in Australia [...]
Maybe John McCain still thinks he’s back in Nam. Maybe he sees no way out of the mess the country is in. Who knows. But would you want this guy running the country?
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