Abbott to sell Medibank

[i-need-a-martini]

There goes the benchmark that keeps our insurance premiums at a decent level.

I don't even understand why this is even necessary given that Medibank makes a profit? It's as if decisions are being made without any thought goig into it other than they promised to do it in 2007 so this is their way of punishing voters for not voting for them in at that time.

What other reason could there be?

http://www.smh.com.au/federal-politics/political-news/abbott-moves-towards-medibank-private-selloff-...

[darksideofthemoon]

Well there goes another good thing that helped so many people who could not afford private funds.  

Now what will they do?  Are we going to copy America in that too?  I believe they are in an awful situation.

[darksideofthemoon]

I never like the Labor party, but I was right not to trust Abbott 

[icyfroth]

Saw that coming a mile off...

my post from January 6

http://community.ebay.com.au/t5/Community-Spirit/Australia-Post-and-Medibank-To-Be-Sold-Off/m-p/9352...

"The association says it received assurances from both major parties ahead of last year's federal election that neither had plans to privatise Australia Post."

We need the money.

  Lots of ppl be coming out of jobs and onto welfare shortly.

[freakiness]

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@icyfroth wrote:

Saw that coming a mile off...

my post from January 6

http://community.ebay.com.au/t5/Community-Spirit/Australia-Post-and-Medibank-To-Be-Sold-Off/m-p/9352...

"The association says it received assurances from both major parties ahead of last year's federal election that neither had plans to privatise Australia Post."

We need the money.

  Lots of ppl be coming out of jobs and onto welfare shortly.

---

If we need the money it is ludicrous to sell profitable businesses.

It's the private ownership ideology, not the need for money, that puts the sale of profitable assetts on the agenda.

[icyfroth]

---

@freakiness wrote:

---

@icyfroth wrote:

Saw that coming a mile off...

my post from January 6

http://community.ebay.com.au/t5/Community-Spirit/Australia-Post-and-Medibank-To-Be-Sold-Off/m-p/9352...

"The association says it received assurances from both major parties ahead of last year's federal election that neither had plans to privatise Australia Post."

We need the money.

  Lots of ppl be coming out of jobs and onto welfare shortly.

---

If we need the money it is ludicrous to sell profitable businesses.

It's the private ownership ideology, not the need for money, that puts the sale of profitable assetts on the agenda.

---

Yes.

The seller takes the money.

the buyer has the private ownership ideology.

[spotweldersfriend]

And they've hired a former News Ltd spin doctor to sell the idea to the general public.What a bunch of lowlives this party is.

[freakiness]

Huh?

This govt has the private ownership ideology. 

There is no need or reason to sell off profitable enterprises that will continue to generate income.

[spotweldersfriend]

And private ownership ideology adds up to price hikes,probably trimming back staff and closing down some offices.

[icyfroth]

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@freakiness wrote:

Huh?

This govt has the private ownership ideology. 

There is no need or reason to sell off profitable enterprises that will continue to generate income.

---

Don't be naive, freaki.

Privatisation was initiated by Paul Keating when he was Treasurer and lauded for his "economic reforms". Along with lowering tariffs and opening us up to free trade.

Subsequent governments, both Labor and Liberal have been parcelling off and selling Australia for years. How do you think the Howard government was able to pass on a budget surplus to the incoming Rudd government?

Wer'e only sitting up and taking notice now because we're running out of Aus companies to sell off.

Mr Abbott is simply following the tim-honoured tradition because we are in deep deep doggy-do debt.