The Forum > General Discussion > The Australian economy
The Australian economy
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Posted by Ludwig, Saturday, 18 February 2012 7:06:37 AM
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Is it fair for Australian companies to sack local workers and send their jobs overseas?
Yes & No, If the business owners/managers get paid the same as those who do the work in the seat shops then my answer is Yes ! If they get their product made in sweat shops but make australian profits & send australian workers to the wall then those business owners/managers should be taken out of circulation as well. Posted by individual, Saturday, 18 February 2012 8:32:18 AM
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in agreement/with the tubman
belly/quote..""truth. Not used,..but it however stands any test."" that is so true[blue] ""While Europe crumbles and America can never pay its debt."" europe began crumbling..when the euro/beurocracy took the powers from elected govts..stole the common wealth after stealing the banks creating money..out of a promise to repay dent securitised the 'promises....as bankers bought govt bonds the increased cost of borowing..mate thats because the deposit..that underpins bankers rights to trade were less that desirable..[to wit..the lent..99 times that they have to lend so they needed to buy govt bonds so lend on govt bonds and govts wasted..the loan all loans since..have been only to repay the old loans ITS NOT GREECE..that needs the loan its the same old lenders..nedding to get more govt bonds so easy money...was too easy but now has become to hard to repay so the loan just gets bigger and bigger thats not just govts any multinational...has an ever growing debt load that is the house of cards their assets..arnt worth the old value's when workers had enough cash..to consume no consumption no growth the staistic lie look arriound any industrial park..or shopping center them empty shops..they are value fast loosing value providing no income unless govt rents the empty buildings forms workers/cooperatives in them...and put them to some use giving some token income on the asset.. or they will continue to deteriate govt gives to the wrong lobby cause they..that are fast going broke..dont know it cause the media treats news as sport treats gossip as gospil...has given little for the much it was expected to give..to wit the fact..the full facts full brief on the new laws... full details on the gifts grants and trusts getting at..our hard earned wages..[wage isnt income] forcing compulsory insurances..levies/set acces fees compulsory..super...fuel/smoking taxes etc generouse super top up's the more you earn..the more you get[lol from govt] a set rate of assistance to all is fair.. Posted by one under god, Saturday, 18 February 2012 9:09:35 AM
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It's to simple to say foreign debt is to high, why is it to high, and what is the breakdown.
How much of that is for infrastructure. How much was borrowed on behalf of companies for expansion. And repaid by companies, one day. Unless a breakdown of borrowed money can be found, how reliable is criticism. The Treasury doesn't seem to have a problem with national debt. Australia is known to have a very low national debt. National debt is expected to top one trillion dollars. Mining companies are known to have a large stake in national debt. Can we criticize the debt level without figures, or do we put our trust in treasury. The gigantic gas plant in WA north, is going ahead, how much will be added to national debt on the companies behalf there. Posted by 579, Saturday, 18 February 2012 11:56:28 AM
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I charge the usual suspects with failure, to under stand this country is not in trouble.
To know unemployment is Aussie dollar driven,and that our foreign debt is one of the very best in the world. I point out they do not wish to hear or talk about truth. And warn strongly, American debt, European debt, is not sustainable. We should be both happy this country is far better off. And deeply concerned at the possibility's world wide of a very real debt and monetary crisis, even this year. Get the net working for you, read both main British papers, Wall street journal and follow the links. The world Envies us, but we too may fall if the international crisis returns. Iran, if it blunders in to hard war, and it may, could be the first brick out of the wall, with 20% of the worlds oil taken away and massive inflation as a result. Posted by Belly, Saturday, 18 February 2012 12:07:17 PM
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It ain’t the economy stupid –- It’s everything else!
(to adapt a Bill Clinton quip) It is comical to watch 579 (and all the other odd numbers) madly scurrying from thread to thread desperately trying to talk up Ms Gillard’s credentials (something must tell them their ship is sinking!) The economy isn’t looking so bad because Labor was bequeathed a healthy surplus which it proceeded to spend like there was no tomorrow. Though the Labor apologists line that the money spend on school halls was money well spent is beginning to look a bit thin, after revelations of the last couple of days: “The performance of Australian school students is up to three years behind the performance of children in Shanghai and lags well behind children in other Asian countries.A Grattan Institute report, to be released today, shows Australian performance has slipped since 2000, with maths students now more than two years behind children in Shanghai and one to two years behind children in Hong Kong, Singapore and South Korea” http://www.smh.com.au/national/education/australian-students-lag-asia-by-three-years-20120216-1tbt8.html But what is stark is the general mismanagement under labor. The backroom guys & gals said it was all about Kevin and proceeded to assassinated him in the most dastardly of fashions. But the problems only got worse under Ms Gillard. From a political angle I am disinterested as to who leads Labor. But from a human decency angle, I hope Kevin Rudd gets back the leadership. No Australian Prime Minister, Labor or Liberal, should have been treated the way Rudd was by his “colleagues”. It would give me a deep visceral satisfaction to see him returned. Oh 579, a message for your leader: "Beware the ides of march" Posted by SPQR, Saturday, 18 February 2012 1:09:08 PM
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What?? I didn't write that!
But unfortunately, their solution....
Here's Jeff Kennett's solution:
http://www.heraldsun.com.au/news/more-news/jeff-kennetts-scheme-to-get-victoria-moving/story-fn7x8me2-1226273267881
It just doesn't cut it I'm afraid!