Julia Gillard – trust me Orrstralya and read my lips!

Julia Gillard – trust me Orrstralya and read my lips!

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You lied, and now you want our money: not happy PM as removalists circle the second prime minister to be sacked within six months.  Fort Fumble is fast becoming the identical twin to Fort Crumble which has just 22 days left in power. It will be most interesting to see what the polls say next week given (now fortnightly) last week, they identified an upward spike in Julia Gillard’s popularity. Polls are a politician’s kryptonite although it appears that Gillard’s post election ‘deal or no deal’ with the Greens is arguably the dumbest political decision ever made in Australia’s political history.

Julia Gillard, interview with Jon Faine, ABC 774, 20 March 2009 – “I think when you go an election and you give a promise to the Australian people, you should do everything in your power to honour that promise. We are determined to do that. We gave our word to the Australian people in the election and this is a Government that prides itself on delivering election promises. We want Australians to be able to say well, they’ve said this and they did this.” This statement confronts the voters when Australians are told by Julia Gillard that “there will be no carbon tax under the Government I lead.” What a difference six months makes – liar, liar Fort Fumble is now on fire.

BUY PRINT

Julia Gillard warns Labor MPs of tough fight ahead on carbon tax when suggesting “patiently, calmly and methodically” is the political criteria required to win this debate. A fascinating announcement, when the detail of the carbon tax to be enacted in fifteen months time has so little detail that it could be written on the back of a postage stamp. One may ask – just who is running Australia today?

Consumers and business will feel the pain of emissions tax given Julia Gillard now wants to turn every light switch and power point in Australia into a tax collection point.  Hail Julia, our Queen of new taxation. Fort Fumble has little hope of turning the budget into a surplus by 2012/13 so another new tax would certainly assist its economic credibility. Why else are we told to kick the tin again for the flood levy, to raise $1.8 billion.  The party  blew $2.45 billion with its self – managed home insulation debacle. So now Gillard wants to threaten businesses with a new tax.

Interest rates kept on hold as Reserve Bank notes wage growth risks with the Reserve Bank of Australia (RBA) happy that our economy is growing at around its long –term trend rate of 3 per cent – although bosses gloomy about growth prospects.  Business owners across the nation would have breathed a sigh of relief when they read economy remains ‘impressive’: Swan. Wayne’s World was nowhere to be heard when it was announced that building approvals dive most in 8 years which is attributed to ‘Acts of God’ (not to be confused with Wayne) the floods and cyclone.

Wayne would do well to subscribe to Under the Southern Cross who announced this week that – “the key issue is that Australia economic and taxation policy remains ‘unpredictable’, with foreign investors displeased with the continual “surprise” movement of the regulatory goal posts in Australia.”  Umm … could that be lies, new taxes and back – flips which are referred  to as the “Federal Management Discount”?  This year we have already seen from Canberra a “flood levy”, “carbon tax”, talk of a review to the “MRRT” and speculated changes to pathology rebates. Is it then any wonder that the ASX200 is trading on a -15% discount to its long – term average P/E despite Australia’s terms of trade never being higher and Australian corporate balance sheets never stronger?

This week’s market recommendation is to “short the Prime Minister and buy resources stocks.”

So here we are just three months into 2011 and already we are hit with two new taxes – John’s lesson for Julia: start saving. Household savings have now shot up to 10 per cent of household disposable income as surge in savings masks current account rise. So from that analysis, households are smart and Fort Fumble is getting dumber and dumber. Bigger bubble is building, says RBA director Warwick McKibbin who warned that Australia is being caught up in a global bubble that could hit us much harder than the global financial crisis and expose the weaknesses of Labor’s economic settings. Mr McKibbin is not expected to be re–appointed by Wayne Swan when his second term ends in July. This  follows his criticism of Labor’s budget stimulus spending and now, its flood levy. That would be when cheques were handed out like confetti!

The polls are out next week – where last week Julia Gillard enjoyed a popularity surge so it will be interesting to observe the impact that her second new tax has on the pollsters. When the GST was introduced, we were assured that state taxes would be reduced (which only saw more taxes being introduced). A furphy – so a Carbon Tax is yet to be designed simply because the architect, Bob Brown, although a numb-nut on ecomomics,  is brilliant at watering trees.  Greens and economics don’t fit – just look at what Ireland did this week – The more things change.

Liar is a strong word – however Orrstralya is having a bit of a problem when the Prime Minister says “read my lips” (which should not be construed as “weed my lips”). Who would have thought that it would now be politically correct to assume the obvious.  “we gave our word to the Australian people in the election and this is a Government that prides itself on delivering election promises.”

Cheers ^__^

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8 Responses to “Julia Gillard – trust me Orrstralya and read my lips!”

  • Ann says:

    Love the comic of President Brown thumping PM Gillard.

  • Peter says:

    Memo to the Editor

    You should have your own Games Show

  • Her great mentor once said in the ’80’s – “By the year 1990 no Australian child shall live in poverty”……..please! The absurdity continues and ‘we’ the moronic general public get what we deserve!

  • Snow White says:

    Yes Peter,

    Move over Hadley and Richo, Simmo is coming

  • Snow White says:

    Interesting that PM Gillard’s polls nose dive and President Brown’s increasse. Well done President Brown, you have PM Gillard taking all the heat. That Sir, is a master at work. Well done

  • I did say in this edition “The polls are out next week – where last week Julia Gillard enjoyed a popularity surge so it will be interesting to observe the impact that her second new tax has on the pollsters.”

    Just can’t see her surviving this disaster poll – given nobody before has and this is the record low! Now where do I start with this week’s edition … 🙂

  • Hey Robert
    Make sure you catch Q & A next Tuesday the PM
    herself will be a guest on the panel….should be
    some good fodder there…keep up the good work
    cheers Melanie

  • Snow White says:

    A doctor from Israel says:
    “In Israel the medicine is so advanced that we cut off a man’s testicles; we put them into another man, and in 6 weeks he is looking for work.”

    The German doctor comments:
    “That’s nothing, in Germany we take part of the brain out of a person; we put it into another person’s head, and in 4 weeks he is looking for work.”

    A Russian doctor says:
    “That’s nothing either. In Russia we take out half of the heart from a person; we put it into another person’s chest, and in 2 weeks he is looking for work.”

    The Australian doctor answers immediately:

    “That’s nothing fellas, you’re way behind us….in OZ, …We grabbed a female spinster atheist, size 34-40-54, with balls, a wooden heart, speaks like a mortician, bobs her head like a chook, waves her hands like a ventriloquist, spends money like its going out of fashion…..and….
    we made her Prime Minster of Australia

    and very soon …..the whole bloody country will be looking for work!!!!!!”

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