OK, so "the intervention of government" is not on here in this situation? Who ya gonna call instead? Some PPPs run via Macquarie (hah)? HSBC (ditto)? Soros (double-ditto and hahaha)?

But hey, I've got an idea! How about we throw say 850 bill at the mostly bankrupt merchant banks?

- Oh, done that...

Well how about a neat trill or so?

- Um, doing that...

Well, like Bernanke said, that money stuff is so cheap and efficient to print after all: what say a cool QUADRILLION to get the good times rolling again?

- Oh, they've already got that planned for down the track...

Rudd talks a great deal about jobs and keeping unemployment levels low. And that's great. But if Rudd is so concerned about rising levels of unemployment, then why is his government importing 200,000+ immigrants into the country this year?

Can anybody answer this?

I mean, do Rudd and his immigration minister, Chris Evans, not understand that swelling the size of the labour force during a time of shrinking employment will only result in higher national unemployment levels?

I think I can answer that Efranke. From what I can see, the situation hinges on two main factors: demographic decrepitude and age imbalance, and; a prostituted education sector.

Without migrants, many more of this country's baby boomers, older and disabled would fast find themselves - literally - in deep poo (of their own doing). Nursing homes would turn into chaotic "dying sheds", and there'd be serious problems of widespread malnutrition and other mass dysfunction. From the critical logistics chain to basic food retail, fruit picking to fuel supplies, hospitals to child care, migrants keep the country operating as near to normal as we could hope during this ongoing systemic disintegration of the globalized monetarist economy.

The education sector is a related explanatory aspect, because most of it depends on enticing migrants in order to turn a buck. The visa system here compels many from overseas to pursue courses, however irrelevant, shonky or unattractive to the migrant. Such visa conditions then allow a migrant to work, usually in order to just survive. It's a kind of double-parasite deal: migrants get zilch in tax feedback, medicare, etc., but have to feed the education sector too.

As for "national unemployment levels", you should realize that migrants will rarely qualify for benefits there unless they've jumped through many hoops, usually over several years. So that should keep helping the Canberra spin doctors' statistics, just as the "unemployment" stats got such a nice boost from changing the definitions so that even most very part-time work gets the chronically under-employed working poor out of the stats.

Of course, none of the above is meant to dismiss or contradict your essential concern here. The mega-crash, and the mainstream parties' incompetence and cowardice facing it, will ensure that the populace - both native-born and immigrant - undergo very severe hardship including mass unemployment, whatever its spin.

Andrew's article is both succint and evocative. His summation of Aust's gonzo political leaders is a parody of the worst kind.Mindless / clueless oxymoron's cluthching at straws,and mimicking the antics of the US Administration which is hell bent on rewarding the wrong people with giant slabs of " peoples money ". All those greenbacks, meant to resuscitate that economy, has been recklessly squandered with recipients vociferously clamouring for more. Manna from heaven.
The Banks, GM/Chrysler, Housin industry defaulters, Corporate flyers and lobbyist etc, baying for encores. The cesspool abyss is still there. The ponzi stimulus is a cruel hoax. The magic cure is like booze to an alcoholic. Wall St is still abusing taxpayers dollars. Coporate governance and Presidencies have screwed up.

Sheriff Obama's rescue package is not addressing core values. It will soak up the $ 3 T, and still not resolve the crisis. Further Congressional munificence will wind up as before. The cat is chasing it's tail. His Presidency is crippled.

Create jobs, big time. Stoke the fires of manufacturing. Curtail the drain on imported Oil. Stop the phony subsidies. Rein in the massive Military budget, and the voluminous contractors bleeding the Nation dry. Beef up the SEC. Purge the 17,500 lobbyist in Washington.DC. Kill off Bush's Home Land Security with it's $55 B budget. Deport the 15 million illegals on welfare. Increase Border protection. Stop the rorts and triple duplication of security org' that are slurping the gravy train. It's a modest start.

The Wizard of Oz - Kevingate may spruik economic double-speak in his thesis in the " Monthly ", but it doesn't detract: unemploment is 4.9 % and rising. Aussie dollar's worth 63 cents. Petrol $ 1.29 at the bowser. Food costing 15 % more. Rents/rates skyrocketing. Housing affordability a myth, and geriatrics / pensioners /retirees crying out in despair. The Nation has lost confidence. Rome burns. Kevy fiddles.

Dec's $10.4 stimulus only rejuvenated the Gaming and Alcohol beverage industry. 60% went to expatriates on dual citizenship living Overseas. 15% went to servicing consumer credit card debt. Only 3% assisted first home buyers, who may

find themselves battling 40 Year fixed term mortgages, in the present climate. BTW, the ABS statisticians are 3 months in arrears.

The GM Holden bonanza, which bolstered Vic's red-flagging economy in election year, but little in the way of boosting employment. GMC stood down 20,000 workers worldwide.

Spurred by Dec $ 10.4 B benevolence, the chutzpah bloviate whizzed through Parliament $ 42 B handout,ensuring couples on $ 150,000 receive $ 900 per child 4-18 yrs. Wealthy Graziers and farmers benefited from a
" hardship " bonus. Insulation, solar panelling worth $ 1600. Solar roofing in most cases amount to > $ 4500, which was a no brainer.

The Senate fiasco morphed into brazen BRIBERY. $ 1 B for Senator Xenophon, who brokered a deal for the Murray/Darling scheme. $500 M for Senator Fielding. $ 800 M for the greenie Senators from Tassy. Brown was ecstatic, his Party guaranteed another term, and his superannuation tripled. Kevin baby hadn't done his kinder-garden sums. An economic guru ?

Spin merchant Kevin is unashameably Aust biggest handout specialist in our 221 year history. All that is missing is the pixie dust. He made the Guiness Book of Records. It will take 5 generations to redeem the deficit ' black hole '. At this rate, he's a prime-ministerial loose cannon.

It took Cossy a decade to redeem Labor's excesses ( Whitlam, Hawke, Keating ) $100 B. With GDP shrinking,deficit balooning, abysmal commodity prices and exchange rate, 4 State treasuries in recession, unemployment at record levels, Moody S & P credit rating revision AAA's to AA, our economic credentials is in smithereens.

Denuded Glen Steven, RBA Governor, assures us, the Economy's in great shape ( aside: " compared to our Asian neighbours " ) Compromised, prostituted, and in Swan's pocket his avowed policy is to support his employer's fantasies.

His 3.25% cash rate, Treasury Bills & Bonds is floundering. Banks and Foreign investment are unsupportive. Dick Smith prophetically predicts there wont be an iconic Business in Aust left, that will be native owned.

What's our end game ?

Do tell.

I think it is reasonable now to assume that it is the Western era of; The Proletariat Twilight Zoned abyss of No return; Jacinta!

Australia will now be known as The Idiot spherical Grand Republic of Proletariat- Or the short snappy name of - Ruddunnistan.

And in the words of the other great Socialist failure – You may say God Save the Queen – For nothing wills Save Australia.
It may now be said with confidence and definitive meaning - It is Over- and do what you can to save your selves.