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The Forum > General Discussion > The Australian economy

The Australian economy

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Why is the Australian economy continually being talked down.
Posted by 579, Friday, 17 February 2012 4:38:13 PM
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The negative approach by the coalition is a gigantic factor in propaganda.
Even members of the coalition must give credit where credit is due.
Posted by 579, Friday, 17 February 2012 5:31:07 PM
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579,think about the carbon tax, and the debt Labor have put us in.Labor have us in a death spiral and you have not the nous to realise it.
Posted by Arjay, Friday, 17 February 2012 8:23:58 PM
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Simple, anyone can make something look good, you just need to keep throwing money at it.

The car industry, pacific bonds and the aluminum smelter to name just a few.

Now while it keeps the employees employed, the bills paid and the wheels turning from the outside, on the inside it's a whole different picture.

Once the funding runs out and, assuming little has changed, what then!

Now if we had funds in the bank, saved for that rainy day, this may be a reasonable course of action, but in reality, we are having to borrow this money.

This is why we have a faulse economy, it's just that we have a government that is in denial, and that's a worry, because once these handouts are done, chances are these industries will be in similar shape and will collapse anyway.

Difference being, we will have spent billions along the way, that's billions we don't have.

So this is why the economy gets talked down.
Posted by rehctub, Friday, 17 February 2012 8:27:33 PM
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I think 579 is Belly in disguise.
Posted by Arjay, Friday, 17 February 2012 8:38:36 PM
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The process of propping up businesses with taxpayers money has been going for a long time Rehctub, from both sides of politics.

None more than the Howard Gov't, have promoted such rampant porkbarreling of powerful constituents. Now it is a given from Gov'ts of either colour, without question.

In addition to this, personal income tax cuts are the new way for the taxpayer to receive a pay rise instead of businesses funding them. In Howard's case the bulk of the benefit of these type of cuts went to the wealthy anyway.

Meanwhile the taxpayer had his profitable assets like Telstra sold to corporate international business as well as State Govts (of both persuasions) selling other essential services, leaving the Australian Economy subject to the whims of big business, and with little or no executive , legislative or economic power left to wield on behalf of the taxpayers.

The power the Mining Industry in our country is frightening, because it seems like we don't actually own our minerals, if you watch their propaganda on TV. Spin they have funded with all the profits they are making, by not paying tax on their profits. They get more, we don't ? !. Go figure.

The Australian Economy ?, I'd say we're stuffed for the long term, whomever is in Gov't.
Posted by thinker 2, Friday, 17 February 2012 9:30:59 PM
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