As we approach the defining line of the 2010 Elections with much trepidation, it must come as a relief to see the final curtain call to this melodramatic soap opera, and it's star tailor's dummy performers.Without doubt, this elections has provided the biggest profitable bonanza for the Fairfax and Murdoch tabloids. Their daily, one sided news polls are dictated by the press moguls. But then, all the TV commercial stations never had so good either. Ch 9 Laurie Oakes, Peter Harvey and bushwhacker Latham also contributed their inexorable share, to the smorgasbord of dirty tricks and character assassination. Those fully paid TV commercial blitzkrieg, are not only a pain in the bum, they pay the public for fools by their obscene grossness. Radio 2 GB owner, and advertising guru Singleton, should stick to what he knows best i.e. " magic millions ", with his soul mate Gerry Harvey. How demeaning.

No wonder, the hapless voter feels violated and debauched !

Whether or not our mojo PM incumbent is heterosexual, agnostic or frequents toe-sucking parlors,it should not relatively encroach on her overall chances to take up residency at the Yarralumla Lodge.ACT - you would think ? Her coiffure, exquisite fashion sense, or the way she bows & scrapes, should make little difference, yet for want of trying, the craparrazi, Kellie Tranter etc, seem to derive enormous pleasure pontificating it's humdrum presence ?

There has never been a serious debate about Monetary Policy nor the Economy. Both Leaders are in denial. Their Treasury Ministers, for lack of fully understanding their Portfolios have made some appalling assertions.

Our Parliament is blessed with an army of bureaucrats e.g. RBA, Treasury, ABS, APRA etc plus Library services, that provide monthly bulletins on the state of our National Economy, yet to hear their spiel, or lack there of, really equates to ignorance.

Costello, when Treasurer, to his credit created billion dollar surpluses, and repaid our shocking Foreign debt and Balance of Payments. His abysmal

cont..

failure, was to provide easy money to adolescent mothers, who can barely take care of themselves. Long term, we will be saddled with a glut of thousands of socially dysfunctional unemployables, who will propagate the quaint legacy. Without skills, and wholly dependent on the Public purse. From one Generation to another. From the cradle to the grave syndrome.

In 2009, Oz had the 13th largest Gross Domestic Product, National economy in the Western World. The Service sector accounts for 68 % of GDP. Our once diminutive Productivity / manufacturing sector have since ensconced offshore. Mining / agriculture accounts for only 10 % GDP, but the bulk 58 % of our exports.

Our existing Chinese coal /iron ore /LNG markets are imperative to our survival. Once dependent on the sheep's back, the Miners now carry the bulk of our export growth. As a small ( comparing USA )Commodity exporting Economy, we are more vulnerable to Trade shocks, then most other Industrialized Nations.

Our Balance of Payments and Current Account Deficit cost, is currently $ 70 b, which incidentally has been in the RED for five decades. Nett Foreign Debt Mar.2010 was $ 654b. Gross Foreign Debt was $ 1.214 Trillion, equal to GDP, of which 86% is racked up by the private sector e.g Bank borrowings and overdrafts. To meet our Interest payments, we subscribe $ 63b annually. Public revenue of $ 323.6 b, is currently negative -9.72 %. Household debt/savings ratio is 157.2 %. Bankruptcies 6842, with 2183 others with debt agreements and insolvency notices. Loan repayments as a percentage of family income is almost 40%, which is causing severe stress on the average family.

The CPI Index is the most disingenuous farcical joke perpetuated on every Australian family. Over 90 years old, it does not reflect the present Day, true cost of living or expenditure. The same methodology employed by the RBA and ABS is Universally adopted, with few exceptions.
The paradox is, no one has challenged their analysis, statistics or rubbery figures. It is not in their interest to divulge the true cost of living. Any Housewife

cont..

will attest the value of their house keeping expenses is shrinking and buying less every week, and over a five year period, consideably less, yet the RBA maintains a consistent 2.9 - 3 % inflation figure for the same period as sound management. The vast majority of working families, age pensioners, social security recipients, War veterans etc are being denied proper benefits which is their due. Seasonally adjusted, and extending over a six year period for reviews / updates, it is subject to quarterly only adjustments. It does not include volatile petrol prices, which vary daily and from one suburb to another; rampant inflationary pressures, indexed based shelf prices in super markets and the ubiquitous corner store delicatessen, and a whole lot of pertinent " real " pressures affecting each and every household. We are all being short-changed.

It is time for : Honesty with the Electorate, and a reappraisal of a dubious form of taxation.