Diary of our stinking Govt.

[boris1gary]

As it's more than 100 days now, it has been suggested that a new thread was needed.  The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.

This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.

and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.

http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598

Independent doctors could be called in to reassess disability pensioners, Federal Government says

The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.

Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).

But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.

"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.

[debra9275]

http://www.abc.net.au/news/2014-09-03/victoria-premier-moves-to-expel-mp-geoff-shaw-from-parliament/...

this is kind of funny because the labor party gave napthine the perfect oppurtunity to remove shaw from parliament months ago, and instead of removing him, the libs defended shaw and used it to have a go at labor

look at them now 

[debra9275]

i know someone who works there too Boris, i hope their job is safe. Jobs seem to be disappearing left right and centre here in Vic.

[debra9275]

http://www.abc.net.au/news/2014-09-03/economic-growth-expected-to-slow-on-reduced-confidence-exports...

talking down the economy is a dangerous thing for any govt to do and the proof is there that our economy has slowed since the budget announcement. a lack of consumer confidence

[***super_nova***]

The other day about 10am Friday I walked into Target; it was totally refurbished, all the tall stands and walls gone.  All the racks are now only about 5ft tall with signs suspended high from the ceiling so you can see right across the whole store, and what you could see that there were no staff, not even the "bag" lady checking bags, who in the past was able to pint me in the right direction.  There were only 2 customers I could see, and in the end I did find a 2 staff members at the LayBy counter.  How did they manage to select her from all the unemployed youth makes me wonder.  I was looking for "toy baby bottle for a doll" for my granddaughter, she tried to take me to to the baby section.  As she was herding me towards the baby department, I kept repeating that I want a TOY baby bottle for little girl's doll.  Then she asked me how old is my daughter  -  guess I should be flattered; I am not far from 70.  LOL

[cherry*135]

Our T store is going to be refurbished also. It hardly has any customers now either. I was in there yesterday, and 2 new people on checkout. The one that served me was not a youth, but the other one might have been (only had a quick glance past her to the service desk.). I wanted to pay with flybuy $. The lady said three times 'what'? I explained each time it was like paying with bankcard. Eventually she said 'we (meaning her and the other girl) are new here I don't know anything about that". She then called over for help to the service desk and they showed her.

We only had one Target in this area. Now the 3rd is about to open (all within about 20 mins of each other).

[fourandsixpants]

Reserve Bank’s housing bubble set to unleash more job losses

Written by admin on September 1, 2014 – 9:05 pm

Grave fears are mounting for the future stability of the Australian economy as new data released today shows the Reserve Bank of Australia’s housing bubble is surging at records not seen since 2003.

The RP Data statistics confirms reports of investor lead irrational exuberance in the Sydney and Melbourne markets. On an annualised quarterly basis, Melbourne surged an unsustainable 21.2 per cent, followed by Sydney at 13.8 per cent. The investor surge is both eroding rental yields and increasing vacancies causing many experts to warn of a bleak future for investors when capital gains slow to more sustainable levels, or worse – starts falling.

The boom stems from emergency record low interest rates set by the Reserve Bank of Australia – the lowest in over 5 decades. This latest data should force the central bank to either increase interest rates or bring in macro-prudential controls, although the bank has been happy to sit on its bum to date, opting to watch the bubble grow more top heavy.

Martin Conlon, Schroders head of Australian equities told Fairfax, “There is ample evidence that lower interest rates are fuelling nothing other than increasing asset prices, suppression of yields and misallocation of capital,”

David Murray, chairman of the Financial System Inquiry warns real estate is now the biggest risk to the Australian economy.

The surge comes at a dangerous time for the Australian economy, a time when jobs losses are mounting and wages are falling. Housing bubbles act as a leach to the economy, sucking the lifeblood from our already weak economy. It causes a misallocation of capital from productive sectors of the economy to unproductive sectors, and sucks household disposable income dry with huge mortgage serviceability requirements stemming from crushing household debt levels.

Official Australian Bureau of Statistics (ABS) unemployment data showed unemployment surged to 6.4 per cent last month, a 12 year high. Private gauge unemployment surveys from Roy Morgan more accurately place unemployment at 12.2 per cent.

The loss of jobs is putting pressure on wages. In the last two quarters, according to the ABS, wage growth has failed to keep up with inflation – i.e. real wage growth is negative. Wage growth is now the worst in 17 years.

But the biggest concern is in the youth unemployment sector. A report from the Brotherhood of St Laurence released today show youth underemployment is now at levels not seen in 36 years and unemployment is at 13 year highs. It has many social ‘scientists’ warning we are creating an entire generation that will be jobless. Housing affordability will be the least of their concerns.

It’s no wonder Tony Abbott wants to cut this cohort loose to save his budget.

http://www.whocrashedtheeconomy.com/

IMO the BANKS....TONY ABBOTT and a few others....are 'guilty' - while they wait for the Australian real estate/property market to crash - of doing NOTHING!

These morons will benefit while thousands and thousands of Australians will lose.

[cherry*135]

Here is a laugh

"In question time, Mr Abbott reminded the opposition he was simply delivering on an election promise, and told incredulous Labor MPs it was important to be "constructive" in opposition.

[fourandsixpants]

sure that's not a spelling error there am3 ref 'constructive'........destructive?

[debra9275]

its just dawned on me why the libs are ready to dump geoff shaw now whereas as recently as June they were defending him.  they are about to go into care-taker mode and do not need him any longer to pass any legislation or to form govt.

24 hours is a long time in politics

shifty lot lol

[fourandsixpants]