topic Re: What is Scott going to do in Community Spirit

What is Scott going to do

martinw-48 — Tue, 25 Jun 2019 19:00:44 GMT

https://www.abc.net.au/news/2019-06-26/scott-morrison-us-trump-xi-china-trade-war-damage/11246486?pfmredir=sm

Maybe he could try wearing different baseball caps until the problem is solved.
It won him the election.
Surely it can fix any problem

Re: What is Scott going to do

debra9275 — Wed, 26 Jun 2019 00:03:46 GMT

I always knew he would blame our poor economy on China,....instead of poor economic management, stagnant wages and penalty rate cuts and general lack of full time work for people

Re: What is Scott going to do

myoclon1cjerk — Wed, 26 Jun 2019 00:08:32 GMT

He's mentioned overhauling industrial relations which to me signals an intention to kick those workers who elected him in the head and attack the union movement.

Re: What is Scott going to do

debra9275 — Wed, 26 Jun 2019 00:15:58 GMT

even plastic bags have been blamed for the low spending

https://www.theaustralian.com.au/nation/economy-falls-through-our-shopping-bags/news-story/c9fcea40c72881fa950f722a6c6500d0

Australian businesses have warned Treasury that bans on plastic bags are contributing to the weakening economy as shoppers are unable to carry large amounts of groceries to their car or home, confidential briefings reveal.

“Several firms suggested that the introduction of a ban on plastic bags meant customers reduced their consumption to an amount that they could instead carry, and delayed purchases of heavier groceries,” notes the report, sent from Treasury economist Angelia Grant to Josh Frydenberg and his assistant ministers on April 2.

( that article is probably paywalled)

Re: What is Scott going to do

Anonymous — Wed, 26 Jun 2019 00:24:36 GMT

Of course the little plastic addicts are going to clutch at such horse hockey

Funnily enough, I have not owned a car in over 20 years, have been using cloth bags just as long and in all that time only once have I ever dropped an item because of it. If I can't carry everyting in one trip, I make more than one trip

I wonder what is wrong with loading 'green bags' into the supermarket trolly to take it all the way from the shop door to the car park

And no I don't believe for a single moment there are all these hundreds upond hundreds of people who genuinely do have huge issues 'managing' because the freaking bags are not made of plastic

Re: What is Scott going to do

myoclon1cjerk — Wed, 26 Jun 2019 00:28:52 GMT

If only Roosevelt had've known this. All he would've had to do is open a plastic bag factory and the depression would've been over in weeks.

Re: What is Scott going to do

Anonymous — Wed, 26 Jun 2019 00:31:26 GMT

The plastic bag factory must have hit a snag, resulting in the recession we had to have

It's all so clear now (no pun intended)

Re: What is Scott going to do

k1ooo-slr-sales — Wed, 26 Jun 2019 00:46:39 GMT

@debra9275 wrote:
even plastic bags have been blamed for the low spending

https://www.theaustralian.com.au/nation/economy-falls-through-our-shopping-bags/news-story/c9fcea40c72881fa950f722a6c6500d0

Australian businesses have warned Treasury that bans on plastic bags are contributing to the weakening economy as shoppers are unable to carry large amounts of groceries to their car or home, confidential briefings reveal.

“Several firms suggested that the introduction of a ban on plastic bags meant customers reduced their consumption to an amount that they could instead carry, and delayed purchases of heavier groceries,” notes the report, sent from Treasury economist Angelia Grant to Josh Frydenberg and his assistant ministers on April 2.

( that article is probably paywalled)

I wonder if reduced spending because of no plastic bags is such a bad thing?

We often see stories on TV about food wastage, and if people are buying less food because they only buy what they can carry then it would follow that they are wasting less food. I would think that shoppers would choose to buy essential items such as bread, milk, butter etc. before they would buy the bulky box of 20 chip varieties, 3 litre soft drinks or too many vegies.

The flaw in my thinking is that shoppers can simply take a shopping trolley to their car, which allows them to buy those non-essential items and just throw them in the boot.

Re: What is Scott going to do

martinw-48 — Wed, 26 Jun 2019 07:37:12 GMT

Myoclon, sounds like a rerun of work (no) choices.
That'll make that little git Howard happy

Re: What is Scott going to do

chameleon54 — Wed, 26 Jun 2019 09:03:08 GMT

Its very easy to take cheap, uninformed pot shots and blame everything on the LNP, but the trade war is having a genuine impact on Australian exporters and our balance of trade figures. I produce high end sheeps wool which is exported to fashion houses in Europe and Japan so have a genuine interest and personal financial stake in the impact of China / U.S relations.

We sold a line of wool a couple of weeks ago that topped the market in Australia for that week, so it was a genuine indicator of the impact of the trade war. It sold for around 10% less than earlier estimates by the auction house. The market as whole was similarly impacted with the falls directly correlating with and blamed on deteriating U.S / China relations. If this sort of impact is extrapolated across all Australian exports the impact will be signifigant.

Re: What is Scott going to do

debra9275 — Wed, 26 Jun 2019 09:10:51 GMT

Australians aren't spending chameleon, because they can't. You can see how quiet it is in every shopping centre

Re: What is Scott going to do

chameleon54 — Wed, 26 Jun 2019 09:26:01 GMT

@debra9275 wrote:
Australians aren't spending chameleon, because they can't. You can see how quiet it is in every shopping centre

It is true that Australians are not spending. Some of this is because of government policies such as a pre-occupation with green energy pushing up power prices to ridiculous levels ( and yes I believe in man made global warming ), but some of it is global factors. In particular the slowing of the Chinese economy, feeding into lower prices for exports. While there are all sorts of swings and roundabouts including the service economy, ultimately the ONLY thing which will allow increased wages and consumer spending is increased export income.

China is the global behemoth economy and if it slows further due to US / China brawling, the rest of the worlds economies suffer, wages will stagnate further, consumers will reduce spending and the global economy will sink into recession. Hence the reason I believe Scott Morrisons comments where valid.

Re: What is Scott going to do

debra9275 — Wed, 26 Jun 2019 09:32:35 GMT

I think the high power prices are more to do with the privatisation of all our power companies than the greens.. but yes, the cost of living has become pretty high.. lots of young families are also struggling with high mortgages these days

Re: What is Scott going to do

chameleon54 — Wed, 26 Jun 2019 09:46:54 GMT

@debra9275 wrote:
I think the high power prices are more to do with the privatisation of all our power companies than the greens.. but yes, the cost of living has become pretty high.. lots of young families are also struggling with high mortgages these days

The privatisation of any public utility usually results in higher prices for consumers, but I dont think that is the reason for recent dramatic rises in electricity prices.. I,m not sure what state you are in, but in S.A, the power companies where privatised in the early 1980,s ( from memory ). Power prices remained reasonably stable and affordable for several decades after that. It wasnt until the last S.A. Labor government went completely bonkers on trying to be a world leader in renewables that we saw the dramatic increases in energy costs.

Unfortunately the politics has won over common sense in regards to power prices. Rather than entirely relying on chasing renewable energy, Australia could dramatically reduce emmissions and still have secure base load power by converting existing coal fired power stations to natural gas. ( which burns a lot cleaner than coal ) Unfortunately this wouldnt cut it in Latte Land, plus we have contracted most of our LNG supplies to China for a few cents per litre. ( more politics over common sense. )

Result, we have plenty of natural gas reserves, but China gets them, while Australian consumers and businesses pay ridiculous power prices.

Re: What is Scott going to do

chameleon54 — Wed, 26 Jun 2019 10:00:01 GMT

@debra9275 wrote:
I think the high power prices are more to do with the privatisation of all our power companies than the greens.. but yes, the cost of living has become pretty high.. lots of young families are also struggling with high mortgages these days

Again I agree with you. The mortgage thing is crazy. But again this is due to politics. The left side of politics ( particularly the Greens ) have basically run an open door immigration policy. The dramatic increase in immigration has placed enormous pressure on the housing market and local infrastructure, particularly in Melbourne and Sydney where the large bulk of immigrants settle, pushing prices to unaffordable levels.

While some on the political Right would like to see immigration wound back, the Pontzi scheme of increased immigration providing ongoing work for the building industry dictates that immigration can not be easily slowed without also slowing an already fragile economy. To some extent the Liberals hands are tied by structural immigration issues innitiated by previous Labor governments.

Re: What is Scott going to do

go-tazz — Wed, 26 Jun 2019 11:47:55 GMT

In simple terms the cost of housing has pushed prices to high and due to mortgages or high rent that

"disposable" income from previous years is no longer there (no one has spending money anymore as it's going

to mortgages or high rents).

Negative gearing and overseas buyers have pushed house prices up to a point where it's no longer an

Australian dream to own a house but a financial burden/struggle instead.

You need more savings to get any decent amount of interest so more is getting put away by those that have

the available funds (no money getting spent means the economy struggles).

Re: What is Scott going to do

myoclon1cjerk — Wed, 26 Jun 2019 13:26:04 GMT

https://www.energymatters.com.au/renewable-news/debate-cost-renewables-versus-coal/

Re: What is Scott going to do

myoclon1cjerk — Wed, 26 Jun 2019 13:33:38 GMT

. "The left side of politics ( particularly the Greens ) have basically run an open door immigration policy"(quote)

That's the funniest comment I've read in a while. Apart from the 6 years when Labor was in power,the LNP has been in office since 1996.

Re: What is Scott going to do

chameleon54 — Wed, 26 Jun 2019 15:58:54 GMT

@myoclon1cjerk wrote:
. "The left side of politics ( particularly the Greens ) have basically run an open door immigration policy"(quote)

That's the funniest comment I've read in a while. Apart from the 6 years when Labor was in power,the LNP has been in office since 1996.

And if you compare the immigration statistics to those six years ( 2007 - 2013 ) you will see that is when a dramatic increase in immigration occured. It has tapered off since the Liberals came back into office, but the damage has been done.

If you compare the immigration statistics ( peaking under Labor ) with house prices in our major capital cities, you will see that Labors high immigration policies directly caused an increased demand for housing ( funny about that ) and house prices to rapidly escalate to silly levels. Since immigration has tapered under the Liberals, you have seen a corresponding tapering off ( fall ) in house prices in our major cities. You can blame investors, but that ignores the fact that there has to be increasing numbers of tenants ( migrants ) to fill all of those rental houses. If there wasnt there would not be rental demand pressures and rental prices and house prices would fall.

If you look at the wages statistics you can also see a correlation between the high immigration policies of Labor and stagnation in wages and increase in under employment. The only way wages can rise is if we have more money in our economy. The only way this can occur is if we export more ( mining and agriculture -, finite natural resources ) or we have extra money printed. ( inflationary ) We have more people to share our finite resources with, resulting in less money for each individual.

It doesnt take a rocket scientist to see that Labors high immigration policies have damaged living standards for ordinary workers in our major capital cities.

@ myoclon1cjerk - I,m glad you are amused by all of this. At least it may stop you whinging about how tough things are for you in an economy trashed by the Labors high immigration policies.

Re: What is Scott going to do

martinw-48 — Wed, 26 Jun 2019 17:21:14 GMT

You have to laugh because all these morons in charge are just running off with the money and not doing their jobs.
Maybe the best thing that could happen is a deep recession.
It might wake the morons up.