Todays Saturdays editorial in the Australian said a lot for me.
Hardly a Labor leaning paper it highlighted concerns at the direction Abbott's party has taken, hard blind right.
Another well written story, same paper highlighted just how unlikely it is, he can even hold his current position in the next election.
All in all remarkable, that some find reason to rejoice in his election, and hope of electoral success.
And that so very many, fail to understand the true catastrophic damage he has already done by just winning.
Barnaby Joyce, what can be said, once it looked clear his stance was just showing the difference between his party and Liberals.
Grabbing any straw to stop the decline and eventual death of his party.
Driven even to openly abandon his grass roots membership he now seeks a spot in extremist territory.
How could he or anyone, at all? could say Queensland, could even America defaulting, if he thought it , and surely he doesn't, he being who he is should never have said it.
2007 remember they said Labor was not able to handle the economy, would you trust this fool?
Barnaby, Mr Joyce, Sir, we have long ago stopped rewarding babblers such as Joe the peanut farmer, please consider.

<< …so very many, fail to understand the true catastrophic damage he [Abbott] has already done by just winning >>

Belly, the most catastrophic damage that Abbott has done, or I should say; that the Libs have done in electing him, is to make sure that Krudd wins the next election.

The Krudd government is catastrophic. The Libs have enormous opportunities to become a real Opposition with very different core policies that would stop the rot forced upon us by Ruddy Kevin and that would resonate with the votership.

But out of Turnbull, Hockey and Abbott, they picked the most conservative and least likely leader to realise and foster this, IMO.

<< Barnaby Joyce, what can be said…>>

Now, good on old barnstorming Barnaby. As Laurie Oakes said about him today - ‘ratbag statements will always get a better run in the media than sensible ones’.

Ratbag statements about the US and Queensland defaulting on their debts, that is. ‘Çept I don’t think they are ratbag at all!

He’s being torn to shreds for his statements, but I think he raises a very interesting point - that the US and Queensland, and various other states and countries, have huge ongoing debts, that have just kept getting bigger, despite economic boom times. Now that times are getting tougher, how the hell are these debts ever going to be repaid….or even kept from getting ever-bigger??

Ultimately, default seems like the only outcome.

Please tell you see it differently Belly….or anyone!

AAAAArrrghh!!

Please tell MEEEE you see it differently Belly.....or anyone!!

Belly Ludwig is right, the US has a really big financial problem.
They won't default on bonds but they will buy them back by printing
money. I think, from what I have read that many in the financial
world understand this and are trying to ease away from the the US
dollar into gold and other currencies.
They don't won't to just dump the US$ as it will cause a collapse.
There is a big display of everything is coming good in the US but
there is a distinct nervous feeling about it all.

I think the rabble that passes for a Federal Opposition should seal their fate by having their Mad Monk leader appoint the Loopy Accountant to the position of Shadow Treasurer.

Ludwig you are right about the loan defaults by the US.The US Fed a cartel of 12 private banks own the US currency.They have become so powerful now they determine who the next president will be and where the next war will be fought over resources,drugs and energy.

The US is defaulting by the creation of money through debt.By devaluing their currency they reduce their debt obligations.Anyone holding US $ or debt will lose.The people who really get hurt are the ordinary US citizens.

They say the derivative bubble is worth $150 trillion.This is 150 times our GDP and when that bubble bursts,the whole planet is in trouble.The bubble was created by excessive money created by the Fed and the deregulation of the financial markets.

This is a must see, "Fall of the Republic" http://www.youtube.com/watch?v=VebOTc-7shU