If Barnaby’s An Idiot, Then What About The Financial Review?

1 Aug

Media Release – Senator Barnaby Joyce, 1 August, 2011:

B the t’s

Long, long ago I remember getting my b’s and t’s confused, and my b solidly kicked by the fourth estate after a National Press Club event, apparently this syntax error was punishable by immediate dismissal.

I must admit when I see the same mistake on the front page of the Financial Review, I do have the expectation that News of the World like the paper should be removed immediately as a literary abomination.

“The US government’s $US14.3 trillion ($13 billion) debt ceiling will further harm the US’s faltering economic recovery”

Of course if the US debt is only $13 billion, then even I would have to say that they don’t have much of a problem, considering now that Australia’s debt ceiling is at $250 billion, which is quarter of a trillion dollars. Australia has to realise that we have extended our debt ceiling and our gross debt amount is currently $194.74 billion.

For all the other problems that the Labor party is responsible for, including the closing down of the live cattle trade, building the education revolution, closing down fishing, closing down forestry and piece de resistance, the carbon tax fiasco, the thing we have to always remember is that the debt keeps growing, just like a cancer, always with excuses of how we are going to cure it later.

Even now, after his prophetic warnings about US debt caused him to be run out of town (and his job), the arrogant and hypocritical fourth estate cannot help but slyly ridicule Senator Joyce.

Here’s Barefoot Investor (and populist self-promoting shill) Scott Pape:

A few weeks ago three older ladies, presumably in their 60s, bailed me up after a speech I’d given. All were still working. None had a choice – they didn’t have enough in superannuation.

My explanation of the miracle of compound interest didn’t wash with these ladies. They were at the end of their working lives and were scared about losing their money again. The Global Financial Crisis was seared into their memory, because they’d seen their life savings cut in half.

Their belief in the system has been shattered. They have little faith that our politicians have a handle on the situation, and it’s little wonder: the party leaders are too busy scoring cheap political points and favouring spin over substance.

“I now listen to that Barnaby Joyce”, said one of the ladies. “He said the US was going broke, and everybody said he was an idiot. But he was right.”

She had a point. Then again, it struck me that we really are in uncharted territory when Barnaby Joyce starts to make sense.

Couldn’t help yourself, ‘eh Scott?

As usual, throughout the history of humanity, it is our silvery-haired elders who are the true repositories of wisdom and common sense.

And yet, our world is steered into hole after hole after hole, by know-it-all, clueless, mainstream-false-theory-peddling, TV-camera-friendly young smart arses like Scott Pape.

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5 Responses to “If Barnaby’s An Idiot, Then What About The Financial Review?”

  1. Whacked August 1, 2011 at 11:30 am #

    we really are in trouble if the guru is master Scott

  2. JMD August 1, 2011 at 11:41 am #

    Barnaby shouldn’t have said the US was ‘going’ broke, he should have said the US ‘is’ broke.

    He shouldn’t have said State governments ‘might’ default, he should have said they would have ‘already’ defaulted had the Federal government not used the savings of ordinary people to backstop the State debt market.

    The move this morning in the AUD & gold price, in both USD & AUD, after this latest ‘non default’ just shows how willing the speculators are to pick up pennies in front of steamrollers.

    • The Blissful Ignoramus August 1, 2011 at 1:27 pm #

      Agreed. Could have said, “has been broke for several decades” 😉

      I’ll give him a break on this. He’s doing more to put his balls on the line and call attention to these issues than any other pollie in the nation.

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