We only have to look at how Kevin and Labor were so easily sucked into this un-necessary bailout.They came into Govt with a $ 20 billion surplus.Within 12mths they have borrowed billions from China and now admit to a $ 40 billion deficit.It is probably much greater.How do you lose $60 billion in one year? This is $11,000 per family of four.The schools education revolution is costing 4 times more than it should.They are throwing money in all directions for no productive outcomes.They were pannicked by advisors and the RBA.

Now the worker has been saddled with debt due to stimulus that has caused inflation in our economy and the RBA increases interest rates to give this money to the big end of town.This further inflates share prices and leaves the ordinary person with more debt,diminished job opportunities and a depreciated currency.The real economy is being sacrificed to prop up the bubble economy.

The result will a collapse of our currencies.The IMF created a $ trillion 12 mths ago and now will create another $ trillion, diluting the values of all our currencies to prop up their failing banks and pryamid ponsy schemes.

Labor are the rotting carcass of a disillusioned faithful.They are the Bonobo Party, when under stress simulates copulation with anything they can touch.The difference being ,Labor is not simulating copulation with our economy.It is real and totally obscene.

That said,the Liberal Party will look after the big end of town manage the economy better, but screw the worker.

There is no such thing as too big to fail.Many of the criminals like the Goldman Sachs directors,should be in gaol.

Arjay,
I don't know of any Labor Government that hasn't depleted the coffers.

What you all fail to realize is that ALL the societal parties are lie-based and utterly illegitimate. All systems of society, capitalism, socialism, dictatorships etc are simply all slightly modified versions of the same fascist and utterly insane and malevolent societal control systems.

For more information visit My website at www.Truthmedia.8k.com and scroll down and access the "democracy" lecture.

As a long time Labour supporter, off 40 years, I abandoned the Australian Labor Party in favor of The Greens some time ago. Disillusioned not only with the leadership of those that followed Whitlam, Rudd has done nothing to change my view on that, but also the Parties loss of its humanitarianism in favor of fiscal policy and economic rationalisms. Substance and policy has been replaced with image and popularism, more concerned with this weeks pole than the plight of the common man.

Embracing the American Presidential style Labor has become the Democratic Party with the Liberals the Republicans, no alternative and no real choice. Labor, like their mates the Liberals have no policy, as policy is planning, and planning is socialism, and only a blasphemer would embrace socialism, and as Kevin Rudd will tell you, he is no blasphemer!
I now embrace The Greens as a true Labour Party. Not a Party of 'tree huggers', as the media and some within the Party would have you believe, that's their view, and as a diverse Party that view can easily be accommodated by people such as myself. As I tell others, people know we are an environmental party, but we are also a party of health, a party of education, a party of social justice etc etc etc. So if you, like me, are disillusioned with the big two, then go to the Greens homepage and read their policies, easily the most detailed of any political party within Australia, and like me, you be the judge. We are not a populist party, so not everyone will agree with everything the party stands for, but that's how it should be.

All of you should be hanging your heads in shame. i have never been so disappointed in my life as when i read this article & even worse all the comments on it.

i saw the headline & i thought, some hope for the future at last.

Get out of the halls of academia, get out of a Hawker/Britain focus group & talk to some real people in the street.

i went along on the labour day march. i was once in an industry with compulsory trade unionism. i have never met so many ex red/green/getup/labour voters in one place in my life.

The problem with red/green/getup/labour coalition is the radical. extreme, loony, left, factions whose principles, practical policies would be embraced by between 1% & 2% of the voting population at best.

Anti family, pro child abuse, export jobs overseas & create a new industry of welfare, social talkers.

Try some of the politically incorrect jokes i was told by dozens of them.

1, What does ALP stand for? Abos, Lesbians & Paedophiles, because they always come first.

2, What does ALP stand for? Associated Lesbian Paedophiles, because they have been put in charge of child safety by loony, lefties.

3, What does ALP stand for? Associated Left wing Paedophiles, because the Anti Family law act of 1975 was designed as a poverty creation, family destruction scheme to create progressively, more, neglected, abused children over 4 or 5 generations, in order to create more jobs for social talkers.

4, What does QPS stand for? Queensland Paedophile Service, because Protecting & Serving the interests of Paedophiles (anybody who would neglect or abuse a child in any way is a paedophile) with bogus DVOs is what they do.

http://www.heineraffair.info/

http://www.thepunch.com.au/articles/Seeking-justice-for-a-forgotten-victim/

Every body i spoke to was talking about the AFP, Graeme Campbell's, Australia First Party.

http://www.australiafirstparty.com.au/cms/

Or the DLP, the Democratic Labour Party.

http://www.dlp.org.au/

Or the Australian Democrats.

http://www.democrats.org.au/

The Liberal/National coalition will win the next federal election in a landslide, but it will be off the back of preferences from "real minor parties" & independents. (not the red/greens)

Geoff, this is just another hissy fit at the loss of a political platform to drive your obsession with carbon reduction.

You might use your intellect to “back up” a little (away from your obsession) and look at “why” the Labor Party changed. There are plenty of examples internationally, of “what” Labor has morphed into.

Peter Hume makes a valid point that Labor has failed to make itself ideologically relevant in today’s modern, complex and economically driven societies. The fundamentals of socialism leave too many compromises for Labor to deal with and still maintain traction with core voters.

To solve this problem, Labor has gradually made itself available to minority groups as a platform for fringe interests. Those minority interests have now developed a parasitic relationship with Labor to promote populist/tokenistic policy initiatives; it is now incapable of ridding itself of the parasites.

We need look no further than Europe to see what has happened to their socialist, committee run society. Nanny State, Politically Correct, Socially engineered economic disaster in the making.

Our ALP is heading in the same direction, “yanking” every economic lever to try to get voter traction. Divisive populism targeting our States, industrial base, heath system, education, tax, population growth and immigration are all setting our society in conflict.

This is socially ugly and economically destructive.