in Chief and syndicating columnist
F Stop Fitzgerald
WE TOLD YOU SO
August 4th 2008
Early in July we wrote
'Reserve Bank overkill, coupled with a global downturn is
threatening to rip the heart out of the Australian economy.'
happening. The other thing we told you was that it was time the Government
took back the Reserve Bank's function to manage interest rates. We stand by
that as well.
The Government is
now being criticized for the high interest rates we didn't have to
have. And quite rightly. It can't control it's own bank, let alone control
the rest of the banks. It has left the management of interest rates in the
wrong hands. Blame Costello for that one and blame Rudd and Swan for
marching lock-step behind him.
spectacle of Rudd and Swan traipsing cap in hand into the office of the
Guvnor of the Reserve Bank immediately after the election was a sight for
The other villain
is the Bureau of Statistics. They're using a 20th Century index for a 21st
Century economy. No wonder the RBA can't get it right. The economy is being
run on hindsight.
Meanwhile you can
purchase a room full of furniture from Harvey Norman and not have to pay a
razoo until 2010. Swan's had eight months to knock that one on the head.
And credit cards! I
got a new credit card in January and they wanted to up my limit from 15
Grand to 42 Grand, no questions asked? Hello! Who's managing this economy?
And now it's time
to tell you a few more home truths.
Carbon emission reduction
Instead getting on with the development of a carbon
emission reduction scheme the Rod Laver Government and the
Lord Nelson Opposition are farnarckling around with a carbon emission trading
emissions trading scheme is just that, a scheme, a stunt, a side
show, a legerdemain. You know it is because
of the number of organisations sucking up for exemptions. It
will end up another merchant banker and middle-class welfare driven
fiasco. It will end up like the Nixon War on Cancer; the more
money spent the greater the emissions.
My mother used to say, 'Look after the pennies
and the pounds will look after themselves.' The same principle
applies to carbon emissions.
start using the Future Fund and the surplus to invest in the
noughties equivalent of the Snowy Mountains Scheme of the 50's and 60's, and
start building windmills all over the place, solar power generators
on every roof, houses with tanks galore, rivers and tidal
creeks with generators. Let's make those belching furnaces a thing
of the past without burdening us all with another tax.
up the 2000 pound atomic energy gorilla in the corner.
Let's roll our sleeves up and get on with the job of reducing
emissions, not sitting around pondering how to trade them.
Let's subsidize the new technologies. Let's get those
electric cars buzzing around, lets improve urban mass transport ...
If we have to, let's work out a way to stop all those animals
(and humans) farting!
But whatever we do, let's just get on with the business of reducing emissions and
the world some exemplary behaviour.
Government is starting to look like it will only be with us for one
term. It lacks big guns with big, bold, brassy policy initiatives and
commitment. It's come to power without a burning ambition to do
anything except come to power.
blame Crean, (he's got a hide criticizing Costello), Beazely who was
lazy, Latham (I'm not sure whether he exploded or imploded) and Rudd
himself, a follower of the opinion of pooled ignorance, not a
leader of it. Does anyone know what he stands for?
hadn't been for the parochialism of Queenslanders, Mr O'Seven would still
be handing out programs. He'll go down in history as Mr O'Seven.
As the economy is further mismanaged by
the Reserve Bank and the screws turn harder, you can expect a lot of
John Howard's battlers to go back to the battler's party.
degrading spectacle; the Australia's Papal ambassador designate kissing
the George Ratzinger's ring. For starters we don't need a
representative in this quaint, misogynistic, homophobic,
gerontological, theocracy. It's an insult to the
democratic, egalitarian and inclusive values we believe in. Plus we don't need a
train-spotting, left-legged, Catholic flunkey in the job.
If anything we should be applying
sanctions against this boys own cult.
Any dialogue (and I can't think of any dialogue that there needs to
be) between this regime and the Australian Government
could be quite adequately handled by the Ambassador to Italy.
Plus the Bruvvers must have been mightily pissed off
that a Roman Holiday went to someone from the other side. They
reckon that if these sorts of jobs are on offer they should be for
'one of us', not 'one of them'!
dreadful spectacle - the Minister for Foreign Affairs and
George Bush's blitherer, billing and cooing in Perth eateries. Aussie Ministers seem to
have a soft spot for
the world's oldest school prefect.
And what a
sad spectacle it is watching the Environment Minister stewing in a
juice not of his own making. This poor fellow has been a complete
Meanwhile its draughty over in the Opposition party room,
enough to put the wind up Lord Nelson.
They're thinking of drafting someone from the back bench
to take his place, someone who's currently spending his time drafting a book about
Drafting n. riding behind someone else who's out in
front taking the wind.