Comments on: Our NSW government – boom one day and bust the next! http://www.rwm.com.au/2009/06/our-nsw-government-%e2%80%93-boom-one-day-and-bust-the-next/ Richardson & Wrench: Mosman & Neutral Bay is a team of qualified and committed people in Sydney Tue, 07 Feb 2012 21:17:36 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Gordon http://www.rwm.com.au/2009/06/our-nsw-government-%e2%80%93-boom-one-day-and-bust-the-next/comment-page-1/#comment-316 Gordon Fri, 19 Jun 2009 07:53:52 +0000 http://www.rwm.com.au/?p=1752#comment-316 Very few in the federal government, and none in the unspeakable NSW charade, are interested in businesses (unless they have heavily unionised workplaces). They see anything to do with even small business as pandering to the evil capitalists, so we get the outcome that Robbie Mac outlined. Another example was the risible Petrol Commissioner, which made zip, zero and nil difference to petrol prices. If minister Chris Bowen had been remotely serious about fuel prices, he would have included all fuels (since diesel and LPG fuel most business vehicles) and then given the Fuel Commisioner power to actually do something. The NSW budget is just like the previous 14. Promises, promises, most of which have been/will be "postponed" and announced again and again. One of the few actual policies was to further overheat the sub-$600,000 housing market, which as Robert pointed out last week is sure to result in tears big-time down the track. And the good news is. . .? Very few in the federal government, and none in the unspeakable NSW charade, are interested in businesses (unless they have heavily unionised workplaces). They see anything to do with even small business as pandering to the evil capitalists, so we get the outcome that Robbie Mac outlined.

Another example was the risible Petrol Commissioner, which made zip, zero and nil difference to petrol prices. If minister Chris Bowen had been remotely serious about fuel prices, he would have included all fuels (since diesel and LPG fuel most business vehicles) and then given the Fuel Commisioner power to actually do something.

The NSW budget is just like the previous 14. Promises, promises, most of which have been/will be “postponed” and announced again and again. One of the few actual policies was to further overheat the sub-$600,000 housing market, which as Robert pointed out last week is sure to result in tears big-time down the track. And the good news is. . .?

]]> By: Robbie Mac http://www.rwm.com.au/2009/06/our-nsw-government-%e2%80%93-boom-one-day-and-bust-the-next/comment-page-1/#comment-315 Robbie Mac Fri, 19 Jun 2009 03:12:35 +0000 http://www.rwm.com.au/?p=1752#comment-315 Ah yes - bank lending rates to small business. Doesn't get a lot of press this. Try 15%+, for a business with a turnover in the multimillions, with blue chip clients, not capital intensive and been operating since 2001. Why so high? Because they can, and do. Happy to reduce it, IF I cross collateralise with personal (i.e not business) real property, which I refuse to do, as that joins all my risks, rather than separates them. They see this is a lack of confidence, I see it as smart. Too much for them, as it becomes a battle of risk positions and profiles - an entrepreneur against a faceless corporate behemoth. So I pay the price for this risk management strategy, and I don't see any politicians wringing their hands in angst at my dilemma. Yet time and again the economics indicates that small business is the engine room of the nation, yet the price of fuel for this engine is of no concern to any, other than those paying it. Unlike groceries, fuel, mortgage rates et al, et seq, etc, etc. No choice really but to buy bank shares - if you can't lick 'em, join 'em! Ah yes – bank lending rates to small business. Doesn’t get a lot of press this. Try 15%+, for a business with a turnover in the multimillions, with blue chip clients, not capital intensive and been operating since 2001. Why so high? Because they can, and do. Happy to reduce it, IF I cross collateralise with personal (i.e not business) real property, which I refuse to do, as that joins all my risks, rather than separates them. They see this is a lack of confidence, I see it as smart. Too much for them, as it becomes a battle of risk positions and profiles – an entrepreneur against a faceless corporate behemoth. So I pay the price for this risk management strategy, and I don’t see any politicians wringing their hands in angst at my dilemma. Yet time and again the economics indicates that small business is the engine room of the nation, yet the price of fuel for this engine is of no concern to any, other than those paying it. Unlike groceries, fuel, mortgage rates et al, et seq, etc, etc. No choice really but to buy bank shares – if you can’t lick ‘em, join ‘em!

]]> By: peter maccormick http://www.rwm.com.au/2009/06/our-nsw-government-%e2%80%93-boom-one-day-and-bust-the-next/comment-page-1/#comment-314 peter maccormick Fri, 19 Jun 2009 02:19:47 +0000 http://www.rwm.com.au/?p=1752#comment-314 On behalf of the Maccormick Clan thanks for your comment on Paul Eastaway our cousin and a great family man !! On behalf of the Maccormick Clan thanks for your comment on Paul Eastaway our cousin and a great family man !!

]]>