In 1990 Saddam Hussein invaded and looted Kuwait. The Gulf War saw the Iraqi troops defeated and they withdrew.

The Iraqi’s thought it would be a nice gesture to blow off and set fire to some 600 of Kuwait’s oil well heads as the vanquished withdrew. Not only did this leave much of Kuwait’s national wealth “bleeding” into the dessert but it left the difficult and time consuming problem of extinguishing the fires before the wells could be again sealed.

This willfully vindictive and destructive act was widely condemned internationally but it was in part, Saddam’s way of avoiding the repayment of the $14bn he had borrowed from Kuwait to fund the Iran/Iraq war, not to mention an element of getting even.

I was struck by the similarity to the way the previous ALP government vacated office following their defeat at the last election.

The “well heads” in this scenario are represented by such as Gonsky, NDIS, NBN, Border Protection, Mining Tax, CO2 Tax, Fair Work Act, Union Shop EBA’s, ABCC, debt/deficit and red/green regulation. All of which in their own way, were set to bleed away national wealth.

Having created and bequeathed these ruptured pipelines to the incoming government, the ALP lit political well head fires ( they called it “Abbott proofing”) to prevent the fires from being extinguished and the ruptures sealed.

I don’t recall those who watched Saddam’s fires being systematically extinguished and the sealed, being subjected to harassment, abuse or vilification. Admiration seemed to prevailing sentiment.

Curious then, that as the government attempts to put out the fires, seal the ruptures, protect the nations wealth and bring the revenue streams back into service, there are words and actions from those who oppose restoration of the well heads of our nations wealth.

The left of politics representing Socialism, Marxism, Communism, Fabians and Greens seek hide under the collective banner of “Progressives”, all identifiable as those opposing the restoration of our national wealth, with each broken well head defended through rhetoric, platitudes and narrative theory.

What is the justification for opposing Australia’s wealth restoration?

yer CONFUSING ME SPIN doc
but if im grasping ya what about the 9 BILLION HOLE HOCKEY MADE BEFORE PARLIAMENT/EVEN SAT..BY Gifting borrowed cASH TO THE FED[WGO CAN ISSUE UNLIMITED CASH/ARE GIFTING BILLIONS OD DOLLARS VIA BONDS GLOBALLY TO UNDERPIN THE HUGE ONGOING BAILOUT

OR the 20 billion TAX CUTS TO THE RICH..BLACKhole howard set up FOR KRUDD..MATE THE PUBLic service..has set up treasons on both sides

we formed govt to set the law for money trade law etc
to serve the people..not special intrests..but the money has the power

AND WHO EVER IS IN POWER BLEEDS MONEY..INTO THE POCKETS OF THEIR MATES
its just the wAY IT GOES.

Hi OUG,

A bit OT? Not one of the more incisive posts we have come to expect from you.

The thread is not about cronyism or even MP’s per se at all. It is about a number of expenditure policy pipelines opened up over the past six years that continue to bleed taxpayer money.

It also begs the question of what is the justification of the progressives for opposing restoration of the nations economic health?

If you remain confused perhaps you can post a question for the purpose of clarification and avoid derailing the thread?

this..link uses much the same..funny sense..of humor..at the beginning
http://rinf.com/alt-news/latest-news/feds-dedicated-enriching-banks/
I FEEl it explains much of your point

As a result, you will spend the rest of your life in pitiful poverty, mired in misery, eating weed salads and bug burgers to survive, perhaps watching me drive by in my big, shiny new car, stereo blasting, fancy hubcaps glinting in the sunlight. Perhaps, too, you will hear me laugh at you, “Hahaha! Now who’s too busy to read a MDW? Hahaha!”

And since you are still ignoring me, you won’t hear the chilling news that the evil government cabal that calls itself the G-20 is proposing to “stimulus spend” $2 trillion in the next year, or that the Obama 2015 federal budget proposal is an astounding $3.9 trillion! Yikes!

Sadly, the Butt Ugly Truth (TBUT) is that this monetary and fiscal insanity is to desperately try and save the banks for a little while longer, as the banks have lent out, and borrowed for themselves with which to speculate, all the depositors’ money, dozens of times over.

So, sadly, all your money in a bank is, actually, gone, according to the accounting ledgers at the banks, and the only way to get it back is if all those borrowers who borrowed money paid back the money they borrowed, which they can’t do, because they don’t have the money to pay back the money.

But not paying back the money they borrowed is paradoxically a good thing, because everybody selling assets to raise cash to pay off debt is what makes the money supply go down, asset prices go down, things collapse, bankruptcy all around, and everybody is grumpy at being devastated.

And probably a LOT sooner than expected, too, since so many assets are leveraged so unbelievably highly that any significant move downward in prices would quickly overwhelm all the investor’s capital, immediately bankrupting the deal and handing their creditors a big loss, who are, ultimately, the banks, which causes a fall in the money supply. Yikes again

spindoc,

There is a parallel. I was thinking you were allowed a certain amount of hyperbole, or 'hyper-bowl' as the prompter reading political 'Progressive' Julia Whatshername would say. However, upon reading the list of the disasters left behind, the inevitable realisation was that the parallel being drawn wasn't really exaggeration at all.

The outgoing Labor/Greens crew showed complete distain, even arrogance for the electorate by installing their favourites in public sector jobs. That is something done very often federally and in State politics, yet somehow it escapes proper treatment by the media. Are their any real journalists left? Because most could not hold a candle to the departed Richard Carlton. At least Richard Carlton had principles and had a go, even if the results were sometimes comical.

Regarding the political 'Progressives' I often have a chuckle that OLO's staunchest soldiers for Labor and for the partying (pass that joint and we'll share some saliva) Greens Watermelon Protest Party did not realise until they were recently informed on here of the existence of the 'Progressives' and their takeover of Labor and their influence in the media and on politics.

There they were supporting and voting for Labor and Greens, but blissfully ignorant of the politics they were supporting in the process. Too good, tears in my eyes laughing. Sadly, they vote after smoking those tokes. Although 'Progressives' would snort and pop more expensive recreational drugs. That is the selfish, egocentric and unaccountable 'Progressive' culture.

Isn't that the socialist's/Fabians goal though, spindoc? They first need to destroy the current system so as to usher in their fictitious utopia? It's right there in the communist manifesto.

The justification for opposing Australia’s wealth restoration is to ensure as much damage as possible remains. That's why they call them selves, progressives. They're progressively f...ing the place toward their endgame!