Tag Archives: tony abbott

Abbott’s Super Hypocrisy Raises Darker Questions

26 Mar

Ask yourself this, dear reader.

If the leader of a political party that proclaims supporting small business is “part of our DNA” truly believed that a new government law was bad for small business, then why would he refuse to repeal that bad law on becoming Prime Minister?

TONY Abbott has scoffed at Labor assurances that employers will not have to pay for Julia Gillard’s increase in the superannuation guarantee, but has reaffirmed the Coalition will not repeal it in office.

Passage of the legislation has sparked concern from employers that they will bear the extra cost, estimated to be worth $20bn a year by the end of the phase-in period, but Mr Shorten said the money would come from deferred wage increases negotiated as part of enterprise bargaining.

Yesterday, after businesses and unions rejected Mr Shorten’s explanation, the Opposition Leader said: “It’s very obvious who is going to pay for the superannuation increases.

“It’s not the mining tax; it’s not federal government. The superannuation increases are going to be paid for by business, in particular by small business.

“This is a $20bn impost once it’s fully implemented on small business and I understand why, on top of every thing else — the carbon tax, mining tax, the private health insurance tax — why small businesses are not very happy about it.”

Mr Abbott said Labor had attempted to deceive Australians over the issue.

But he said that while the opposition voted against the [MRRT] legislation and did not support an increase in superannuation, it would not repeal the move when it next took office.

Why not, Mr Abbott?

Could it have anything to do with your sneaky plan to steal our super, quietly released as formal Liberal Party policy on June 3, 2011?

A policy that has now been stolen, and implemented, by the ALP?

After all, Barnaby Joyce has repeatedly warned that public servants’ super in the Future Fund would be used to help pay down Labor’s monster debt.

But the Future Fund is tiny, compared to Australia’s ever-mounting pile of government debt. And it is positively microscopic, compared to the massive debt exposures of our house-of-cards, government-guaranteed banking system, that is teetering on the precipice.

No doubt Mr Abbott, you and your Big Banking friends would love to have an extra 3% of the nation’s combined payroll being siphoned off struggling employers directly to the ATO – as per your sneaky new policy of last June – and from the ATO straight into short-term money market interest-bearing investments, “managed” for fees plus monster salaries by parasite bankers, before (hopefully, someday, maybe) actually getting to each Aussie citizens’ personal super fund.

And no doubt whatsoever to this humble blogger, that is the real reason why you are bleating hypocritical platitudes about how the ALP’s superannuation policy is bad for small business, and making all the right noises claiming that you do not support it … while refusing to repeal it yourself.

As has been so well-evidenced by the CO2 derivatives scam, our so-called “democracy” really is “an unholy alliance of politicians and bankers versus ordinary people”:

Stealing Our Super – I DARE You To Ignore This Now

8 Aug

Caricature by Zeg | click to enlarge

My sincere apologies, dear reader.

I understand that you are probably a little concerned about the future for the economy right now.

If you own shares, then you are probably worried about last week’s bloodbath in global sharemarkets.

But I have a very important question to ask you.

It’s a bit of a reality check, I’m afraid.

Do you think your Superannuation “nest egg” is safe from the greedy hand of government?

If you answered “yes”, then …

I dare you.

I dare you to ignore the rest of this blog.

I dare you to ignore the fact that Senator Barnaby Joyce – the only Australian politician who foresaw and forewarned about America’s present debt nightmare – gave this warning on 5th May 2011:

In response to a question I put in Senate estimates, Treasury revealed that $64 billion of the difference between our gross debt and our net debt is made up of the cash and non-equity investments of the Future Fund. The Future Fund is there to cover the otherwise unfunded costs of public servants’ superannuation.

That is a little fact that the people of Canberra might be interested in. When Wayne mentions net debt translate that to, I am going to pay his debt off with my retirement savings.

I dare you to ignore the fact that Barnaby repeated his warning on May 13th, straight after the Budget:

Of course, the public servants will not be happy when we use their retirement savings, put aside in the Future Fund, to pay off some of Labor’s massive debt.

I dare you to ignore the fact that the US Government has been stealing federal workers pensions since May this year:

Treasury to tap pensions to help fund government

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt…

Geithner, who has already suspended a program that helps state and local government manage their finances, will begin to borrow from retirement funds for federal workers.

I dare you to ignore the fact that the US Government has been planning to steal their private citizens’ super too, since at least February 2010:

The plan, as sketched in the 43-page document, calls for the creation of something called  “Guaranteed Retirement Accounts” (GRAs). Biden slyly shifts the onus for the idea through weasel words typical of the federal government: “Some have suggested the creation of Guaranteed Retirement Accounts (GRAs), which would give workers a simple way to invest a portion of their retirement savings in an account that was free of inflation and market risk, and in some versions under discussion, would guarantee a specified real return above the rate of inflation.”

These accounts would be “free of inflation and market risk” because they would be under the direct and absolute control of the federal bureaucracy.

I dare you to ignore the fact that Argentina’s government stole their citizens’ super in October 2008:

Argentina’s center-left President Cristina Fernandez on Tuesday signed a bill for a government takeover of the $30 billion private pension system in a daring and unexpected move that rocked domestic markets.

I dare you to ignore the fact that Hungary’s government nationalised stole their citizens’ super in November last year:

Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension.

Economy Minister Gyorgy Matolcsy announced the policy yesterday, escalating a government drive to bring 3 trillion forint ($14.6 billion) of privately managed pension assets under state control to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim.

I dare you to ignore the fact that France began stealing their citizens’ super in late 2010 as well:

France seizes €36bn of pension assets

Asset managers will have the chance to get billions of euros in mandates in the next few months for the €36bn Fonds de Réserve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system.

I dare you to ignore the fact that “Europe’s economic superstar”, the one EU nation that (like Australia) came through GFC1 with positive economic growth, began stealing their citizens’ super in May this year:

It appears moving backwards on pension reforms has become the thing to do on both sides of the Atlantic.

Hungary last year moved much of its private pension assets to the state. Last month, new rules came into effect in Poland diverting 5% of the 7.3% of salary going to private pension funds to the state.

I dare you to ignore the fact that Ireland too, began stealing their citizens’ super in May this year:

Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending

“The various tax reduction and additional expenditure measures which I am announcing today will be funded by way of a temporary levy on funded pension schemes and personal pension plans.”

I dare you to ignore the fact that the UK Government announced plans to steal public sector workers’ pension entitlements in June this year:

Thousands of teachers, lecturers and civil servants joined a UK wide strike yesterday in a mass protest over pension reforms.

The government … wants to impose a 3%-of-pay levy on public sector workers’ contributions to help reduce the budget deficit. This amounts to a pay cut to follow on the heels of the current pay freeze.

I dare you to ignore the fact that the Liberal Party of Australia quietly announced a new policy on June 3 this year – sneakily disguised as a helpful “reform” – that should make your hair stand on end:

Further relief for small business

The Coalition will relieve the red tape burden from Australia’s small businesses by giving them the option to remit the compulsory superannuation payments made on behalf of workers, directly to the ATO.

Small business will be given the option to remit superannuation payments to the ATO at the same time as they remit their PAYG payments.

This will require only one payment to one agency – rather than multiple cheques to multiple superannuation funds. The ATO will be responsible for sending the money to superannuation funds directly.

I dare you to ignore the fact that an “option”, can very easily become a “non-option”.

I dare you to ignore the fact that our Green-Labor Government announced plans in the May Budget that should also make your hair stand on end:

The Gillard government’s 2011-12 budget has proposed a raft of initiatives aimed at encouraging superannuation fund and private investment in infrastructure projects.

I dare you to ignore the fact that “encouraging”, can very easily become “enforcing”.

I dare you to ignore the botched “school halls” program, and the white elephant NBN, as you ponder whether or not you really trust this government to wisely and prudently invest your super in Government infrastructure projects, and achieve a reasonable return on your money, when even so-called “experts” have doubts:

The government’s plan to use tax incentives to encourage superannuation funds to invest in new infrastructure could be thwarted by inadequate returns on projects and a reluctance by the states to take on project risk, experts say.

I dare you to ignore the fact that the government’s white elephant NBN is a(nother) Green-Labor thought bubble, drawn up on the back of Kevin Rudd’s in-flight napkin, with no cost/benefit analysis:

Trust us with the NBN; we’re politicians

I dare you to ignore the fact that Bill Shorten, the Minister for Financial Services and Superannuation, already thinks of your super as a “significant national asset” … a kind of “sovereign wealth fund”:

Superannuation is our sovereign wealth fund

This week marks 12 months exactly since the government announced plans to take compulsory superannuation from 9 per cent to 12 per cent.

… our superannuation savings place Australia fourth in the world. Its $1.3 trillion in funds under management through superannuation significantly boosts national savings and provides greater retirement security for millions of Australians. Superannuation is also a significant national asset because it strengthens our financial sector.

I dare you to ignore the fact that our government has guaranteed our banking sector using the promise of your future earnings as collateral, and that Moody’s ratings agency has put our government on notice that our banks are Too Big To Fail – just like in the USA, UK, and Europe:

Heavens to Betsy.  It’s finally out in the open. The big four are too big to fail and Moody’s rates the Australian government’s implicit guarantee of the banks’ wholesale debt (as well as the explicit deposit guarantee) as worth two ratings notches. Moreover, by phrasing it this way, Moody’s has essentially put the Australian government on notice that if it dares back away from that guarantee then it can count on the result. The further implication is that the Budget had better remain shipshape to provide the guarantee.

I dare you to ignore the fact that the government’s carbon pricing scheme scam includes a new “independent” Clean Energy Finance Corporation (carbon bank) that will be permitted to borrow against future government revenue – your future tax dollars – in order to invest in “green” energy projects:

The Clean Energy Council will today release a discussion paper proposing the carbon bank, which it says could be allowed to borrow money to invest in renewable energy projects against the future revenue of Labor’s proposed carbon tax and emissions trading scheme.

The Gillard government is examining the creation of a multi-billion-dollar carbon bank to drive renewable energy technologies as the Greens demand “complementary measures” to cut emissions in return for accepting a lower starting price for the carbon tax.

6.2.1 The Clean Energy Finance Corporation

The $10 billion Clean Energy Finance Corporation will invest in businesses seeking funds to get innovative clean energy proposals and technologies off the ground. These Government-backed investments will deliver the financial capital needed to transform our economy.

A variety of funding tools will be used to support projects, including loans on commercial or concessional terms and equity investments.

The Corporation will be independent from the Government. The Government will appoint an independent Chair who will have appropriate banking or investment management experience.

I dare you to ignore international banking’s core philosophy, now rendered infamous by GFC1: “Privatise the profits … socialise the losses”.

I dare you to ignore the fact that another sharemarket collapse – like in 2008 – would be a perfect pretext for nanny-state, “Big Brother knows best” governments everywhere to step in and “safeguard your retirement”, by taking and “investing” your super in Government-approved “safe investments” … just like the US Government’s planned, doublespeak-titled “Guaranteed Retirement Accounts”.

I dare you to ignore the fact that this blog has documented in detail the wave of super confiscations that is already rolling around the Western world, and the clear evidence that both sides of Australian politics already have their own quiet, sneaky plans to do the same.

I dare you to not bother reading any of my many articles on this topic –

No Super For You!!

US Treasury “Borrowing” Of Federal Pensions Brings Theft Of Private Pensions One Step Closer

Now The UK Government Is Stealing Super Too

Fresh Evidence Our Banks In “Race To The Bottom” Means You Can Kiss Your Super Goodbye

Fitch Ratings: Australian Banks Most Vulnerable To Europe’s Debt Crisis

Our Banks Racing Towards A “Bigger Armageddon”

Money Morning Agrees – Your Retirement Savings Under Threat

The Pricing Carbon Choir – Why Should *Any* Sane Person Trust Economists After The GFC?

Why Would Any Sane Person Believe Treasury’s Carbon Tax Modelling When Its Budget Forecasting Record Is This Bad?

How Wayne ‘Franked’ Another $20 Billion

Wayne: OOPS! I Did It Again

Liberal Party’s Sneaky Plan To Steal Your Super To Pay Labor’s Debt

Dear reader …

I dare you to ignore, mock, and ridicule Barnaby Joyce’s warnings … again.

I dare you to bend over … grab your ankles … bury your head in the sand … and keep telling yourself that “She’ll be right mate”.

I dare you to ignore the fact that …

Barnaby is right.

* A hearty “Thank You” to the inimitable Zeg for his brilliant cartoon drawn especially for this post, and at very short notice.

Please follow him on Twitter – @Zegcartoonist and subscribe to his blog – http://zegsyd.blogspot.com/

Better still … hire him!

It Begins – Opposition Takes Up The Fight Against The Bankster Class

15 Jul

At last, dear reader.

It begins.

The Opposition beginning to highlight the real purpose behind the global push for trading “hot air”.

The enrichment … and further empowerment … of the global bankster class –

Note that well:

But one of the things that I really want to draw people’s attention to today is the fact that we are learning more and more about just how much money is going to go overseas under this tax. It was obvious on Sunday that in 2020 more than $3 billion was going to go overseas to foreign carbon traders to meet the Government’s emissions abatement targets but if you go out just 40 years to 2050, no less than $57 billion of Australian money is going to go overseas to line the pockets of foreign carbon traders. Within a relatively short time, more than one per cent of Australia’s GDP is going to go overseas to line the pockets of foreign carbon traders. Now, all of us want to help the environment but a get-rich-quick scheme for foreign carbon traders is not the kind of environmental assistance that Australians want. So, I just think that as each day goes past and more details of the Government’s carbon tax package become apparent the less the Australian public like it.

I hope that readers will forgive me a little moment of fantasy. A small, petty indulgence.

In my imagining the teensy possibility that my discussion with Senator Joyce just 2 weeks ago may have just a weensy bit of influence on this small shift of emphasis, in the campaign against the carbon “X” scheme scam.

I met Senator Joyce for the first time on July 1, at the Martin Place No Carbon Tax rally. Despite the pressures of so many wishing to speak with him – as you can imagine – he was gracious enough to make time available to speak with me about several concerns.

The chief of those concerns relates to my view that regular readers will be familiar with.

That is, my firm view – now confirmed by the evidence of the final package – that this carbon “X” scam is and always has been a scam designed solely to benefit bankers, from Day 1.

And therefore, it has also been my view that there is great opportunity for the Opposition to take advantage of Julia’s recent to-ing and fro-ing over whether the scheme is really a “tax”, “like a tax”, or … “an emissions trading scheme”.


By emphasising the simple, demonstrable fact that an ETS only benefits the banksters, and speculators.

And further, that emissions trading has been shown to have zero impact on reducing actual emissions of CO2

Why do I believe it is so important to emphasise the bankster connection?

The reason is this.

While calling the scheme a “tax” has been very effective to date, in appealing to those of a conservative mindset – who in my view are generally predisposed to an ideology of lower taxes – I do not believe it is the most effective strategy for appealing to those of a more so-called “progressive” mindset.

It is my experience that “progressives” are not necessarily predisposed against bigger taxes – provided they can be convinced that it is in “a good cause”.

That is exactly how The Final Solution to global warming – the Great Global Carbon Trading Scam – has been sold to those of a “progressive” bent.

That it is “a tax” … or “like a tax” … that is “the best way” to “save the planet”.

A Robin Hood scheme, that takes from the rich, and gives to the poor, saving the planet in the process.

And so-called “progressives” have lapped this lie up.

It is also my experience that, in Australia at least, pretty much everyone … hates banks.

And it is my observation that so-called “progressives” are often their most fervent opponents.

In my discussion with Senator Joyce, I put this argument forward, and whilst congratulating him on his own frequent mentions of “bankers making fees and commissions from pushing bits of paper around”, impressed on Senator Joyce my view that the Coalition should raise the emphasis on the role of banksters in the Government’s planned scheme.

I explained my view that the polls clearly show those of a “conservative” bent are now very firmly against this scheme, irrespective of what title is given.

And that I firmly believe a significant raising of emphasis on the galactic-scale profit-making opportunity that the Scheme scam represents for global banksters – who are driving the push for global “hot air” trading – may be the best way to now begin appealing to “progressives” and the “undecided”. Using a touchstone for nearly all Aussies, conservative or progressive.

Hatred of banks.

I also suggested my view to Senator Joyce, that the Opposition should begin to do so only after a suitable interlude from the day of our discussion, being the day after Julia’s first backflip on what this scheme really is, a “tax” or an “ETS” .

An interlude of a week or two.

And here we are.

Exactly 2 weeks later.

Pure coincidence, I am sure.

But I do trust readers will understand my choosing to enjoy a little moment of vanity indulgence, on seeing the above statements by Tony Abbott yesterday 😉

Please do spread the word, to all you know.

That our Green-Labor-Independent government’s scheme, is nothing more than a global bankster scam.

As I am confident that one former Goldman Sachs Australia chairman (and “confidential” beneficiary of their deep pockets), Malcolm Turnbull MP well knows.

The Pricing Carbon Choir – Why Should *Any* Sane Person Trust Economists After The GFC?

2 Jul

There’s a little faux furore doing the rounds in the last 24 hours.

Allegedly, that awful Tony Abbott doesn’t trust economists.

In particular, he does not trust their judgement over their “popular” position on the proposed carbon “X”.

From The Australian:

Opposition Leader Tony Abbott defies economists on carbon tax

Tony Abbott today slapped down economists who were backing a price on carbon to deal with climate change, accusing the numbers men of getting it wrong.

The Opposition Leader urged economists vocally calling for a carbon tax or emissions trading scheme to examine their thinking.

Speaking at the The Australian-Melbourne Institute Growth Challenge conference in Melbourne, Mr Abbott said economists should not be taken in by Labor’s use of the term “market-based mechanisms’’.

“It may well be, as you say, that most Australian economists think that the carbon tax or emissions trading scheme is the way to go,’’ he said.

Maybe that’s a comment on the quality of our economists.’’



Not one of these economists who are calling for a carbon “X”, saw the GFC coming.

Not one.

Australians lost billions from their retirement savings.

Our country was plunged, unprepared, into a massive Labor and greenie-Ken Henry-inspired monster debt-a-thon.


Because NOT ONE of these #JAFA’s saw the GFC coming.

Including the latest #JAFA economist to be given charge over the Australian economy – and your future – the new Treasury Secretary, former student of “Helicopter Ben” Bernanke, Martin Mini-me Parkinson.

Only one (1) Australian economist did see it coming.

Dr Steve Keen –

And only twelve other economists, worldwide, along with him.


Here’s a paper referencing the thirteen international economists who all predicted and forewarned of the GFC for years in advance, and propounded cogent analyses as to why a GFC was coming. Including Australia’s own Dr Steve Keen, who won an award voted on by his international economic peers for having done so:

This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not.

Note that well.

It was only those rare economists who shun the kind of modelling that is “ubiquitous in mainstream policy”, and instead use “accounting” models, that got it right.

In other words, it was only the few economists worldwide who think like accountants, who were able to see the GFC coming.

Is it any wonder then, that our much-ridiculed accountant in the Parliament, Senator Barnaby Joyce, is always the only one on the ball when it comes to correctly predicting the risks of what is coming?

REMEMBER back in 2009 when Barnaby Joyce pondered aloud the possibility of the US defaulting on its debt?

Just to recap in the concisest way, things went badly for Joyce. We found ourselves pondering this yesterday as we listened to the dulcet tones of the ABC’s Eleanor Hall on The World Today: “. . . the [US] Treasury has warned that Congress has only until August 2 to come up with a compromise to lift the $US14 trillion debt ceiling or risk a default and a default would have drastic consequences, not just for the US but for the global economy”.

Is the time approaching where Joyce must be acknowledged as a clear-eyed prophet?

Strewth found him in a reflective mood.

“Maybe they will retract their pillaging of me and hand back the shadow finance portfolio as the sun is blotted out with the return of the migrating pigs,” Joyce mused.

“Alas, Cassandras are rarely enjoyable company in any party. It was hardly the greatest feat of the prefrontal cortex amygdala [utilised for intuition, he explains] to foresee that one, but politically it had to wait for the economic karaoke to bravely sing all together prompted by the big bouncing cheque.”


But wait, dear reader.

There’s another outstanding reason why no sane person should trust the “leading” “mainstream” economists’ opinions about “pricing carbon”.

The majority of these economists you are hearing from on the subject, have a massive conflict-of-interest.

They are owned.

By banks.

Take a look at this little online stoush that I had right here on barnabyisright.com, with “leading” #JAFA economist Saul Eslake.

He objected to my portrayal of his and his fellow dozen economists’ Open Letter in support of “pricing carbon”, as being a Banksters’ Glee Club.

Then under return fire, he foolishly conceded that, as far as he knows, 77% of those economists (including himself) are current and/or former employees of banks.

Mr Eslake himself being former chief economist of the ANZ Bank, and now employed by BHP Billiton (who stand to make a killing from “pricing carbon” – really!), and the Australian Government via the “independent” Grattan Institute.

Quelle surprise!

By Saul’s Own Words They Stand Condemned.

The sector of the economy that stands to benefit the most from “pricing carbon”, is the financial sector.


And banksters.

And their many minions.

Including Malcolm Turnbull, whose balls are owned by international carbon-trading-pushers Goldman Sachs, after their “confidential settlement” to keep him out of court in the half a billion dollar lawsuit over the HIH collapse, in which Mr Turnbull was a named defendant.

Tony Abbott – who has an economics degree himself – is actually demonstrating both brains and balls, by defying the “mainstream wisdom” of economists over the carbon “X”.

No sane person should trust economists at all after the GFC.

And especially, no sane person should ever trust those “leading” mainstream economists who are now out there publicly singing for their supper, on behalf of the bankstering industry.

The “Pricing Carbon” Choir.

Blithering Idiots, and Liars all.

Business Failures Rise 25%

13 May

From Dun and Bradstreet:

Business failures jumped nearly 25 percent in 2010 as cash flow pressures made their presence felt even as the Australian economy continued to be one of the better performers in the developed world.

This is just one finding from new research by Dun & Bradstreet examining new and failed business trends over the last three years, which includes the Global Financial Crisis (GFC) and Australia’s return to post-crisis growth.

The research found that while business failures climbed marginally in 2009, during the peak of the GFC, there was a dramatic upturn in 2010. The rate at which businesses failed in 2009 climbed a marginal 4 percent to just over 8,000 however spiked dramatically in 2010 by more than 23 percent to over 10,000 firms.

As a small business owner myself, Tony Abbott’s Budget Reply speech last night included a number of lines that really resonated with me. And doubtless with many tens of thousands of other small business owners throughout the nation (emphasis added):

“… the Coalition is always looking for ways to help small business suffering in a patchwork economy because that’s where jobs are created and families get ahead.”

“Mr Speaker, Labor can’t help treating small business with suspicion as potential tax cheats and havens for non-union workers. The Coalition thinks that small business is more likely to treat workers like family and is the engine of higher employment and greater prosperity.”

When it comes to government economic policy, we are the “forgotten Australians”.

A family to our workers.

And the now-sputtering engine of Australia’s real economy.

Now Or Never To Stop The Carbon Tax?

26 Apr

A great bloke over at Business Spectator, Rob Burgess, has crunched the Senate electoral numbers with a view to the likelihood of Tony Abbott actually being able to repeal the Labor/Green/Oakeshott carbon dioxide tax at any time soon.  It makes for troubling reading (free subscription access) –

Labor is revealing its carbon pricing policy with all the coy teasing of a professional stripper – a glimpse here, a peek there. All Greg Combet showed us yesterday was that 50 per cent of carbon tax revenue would be handed back to households. The rest of his National Press Club speech was old hat.

And all the while Tony Abbott hopes he can get them off stage and close the club before we see ‘everything’.

In an important sense, that’s Abbott’s only hope of triumphing in the highly polarised debate over the carbon tax. The anti-carbon-tax rallies and marches of the past few weeks have elicited rash promises from the Coalition figures who have attended, that they will repeal any carbon tax and get on with reducing emissions their own way. As Abbott put it in February, “we will oppose it in opposition, we will rescind it in government”.

I doubt the thousands of concerned Australians turning up to the rallies know that the Coalition can’t deliver on this promise.

While it’s certainly true an Abbott-lead government would wish to repeal the tax, there is an infinitesimally small chance it would have the Senate numbers to do so in its first term. And it’s pretty clear there would be no help from Labor or the Greens to overturn legislation for which they have so bitterly fought.

The Senate is a tricky beast. Indeed, it’s designed to be that way – the manner in which the house of review is elected virtually ensures a broader range of parties will be represented than in the lower house. Moreover, because only half the 76 seat chamber is elected at each general election, it takes a bit of scribbling on the back of an envelope to work out what’s going to happen (okay, I do it in Excel).

And here’s the results.

The probability of Tony Abbott winning government, whether from the floor of the house, or through an early election, or through a normal general election in 2013, and having enough votes in the Senate to repeal the carbon tax … practically nil.

The odds of Abbott winning government, serving something close to a full term and winning the next election (in 2016, say) with a Senate majority … slim, but not impossible.

To win 22 seats at the next election, the Coalition needs to retain the one seat it holds in each of the territories, and win 20 seats in the states. With Tassie likely to repeat its familiar pattern, that means winning:

— four out of six seats in three of the non-Tassie states

— three out of six in the two remaining states

— one seat each in ACT and NT.

That would give the Coalition the 22 votes required to repeal the carbon tax. That would also give bookmakers across the land heart attacks, because the odds of such an electoral coup are so extraordinarily long.

That fact remains, therefore, that if Tony Abbott’s team does not find a way to bring down the government before the carbon tax is legislated – most likely in November of this year – the Coalition will be powerless to repeal it until two Senate elections have taken place. That most likely means a carbon tax for four years, and by that time who knows where global carbon politics will have taken us.

Our only other hope would be a double dissolution election – where both houses of parliament are dissolved, and full elections for both houses held:

Barnaby Attacks Journalists

1 Apr

From The Australian:

Barnaby Joyce has lambasted the Canberra press gallery for attacks on his use of language, accusing journalists of unfairness and exhibiting double standards.

The Queensland senator yesterday accused journalists of speaking a language that he dubbed “lingua Canberra” and of marginalising him for spurning their tongue and communicating as an average person.

He also compared Parliament House to a boarding school inhabited by people whose idea of what was important had virtually no relevance to the community.

“I’m not painted in the colours that they like,” Senator Joyce told The Australian yesterday.

On Tuesday, the Queenslander sparked more outrage by joking that, while many farmers read reports of the Productivity Commission, he used them when he ran out of toilet paper.

After a torrid ABC radio interview on the toilet paper comment yesterday morning, Senator Joyce told The Australian he was frustrated that journalists who often complained about “cardboard cut-out pollies” who would not answer questions felt free to attack him for answering their questions in terms “people on the street” could understand.

“Apparently that is more contemptible than giving the cardboard cut-out answer,” he said.

Journalists seemed to ignore anything of substance that he said in their pursuit of short quips or colourful phrases to blow out of proportion. “They want to make the minutiae of one statement the generality of who I am,” he said. “That’s life, I realise that.

Senator Joyce said that, although Kevin Rudd had mastered the art of talking without saying anything, he would never embrace a similar style and would remain authentic.

Barnaby has also spoken out in his usual frank and colourful fashion today, on reports that Opposition Leader Tony Abbott will be receiving acting lessons to help tone down a supposedly ‘too aggressive” image:

“The thing people like about Tony is the real deal,” he told Sky News.

“People on the street want reality but they don’t want pretend.

They will smell it like dog poo on the shoes if they think it’s not the real deal.”

Barnaby is right.

Joyce With Coalition On Parental Leave

16 Mar

Media Release – Senator Barnaby Joyce, 16 March 2010:

Senator Barnaby Joyce rejects claims that he has “broken ranks” with the Coalition on the Paid Parental Scheme.

Senator Joyce said, “I support the Coalition’s Paid Parental Leave scheme. Unlike Rudd’s Mickey Mouse, re-badged baby bonus, our scheme delivers direct and real financial security for families, not just more forms to fill out.

“Realistically, you cannot compare the effect of a small, modest levy on big businesses with the Government’s ‘great big new tax’ of an ETS. The Government’s ETS will cost $42 billion in the first four years alone. $42 billion to do what? It won’t give us anything like the benefits of achieving greater participation in the workforce by women. It won’t give families the income stability to raise a family.”

Larger businesses have the capacity to absorb this levy in the best interest of the nation. As many members of the Coalition have stated, after we have sorted out Labor’s debt problem, and after we’ve been able to reduce personal tax, the Coalition will seek to reduce the rate of company tax over time.

More information- Jenny Swan 0438 578402

Labor Borrowing A Billion A Week

2 Mar

Abbott tells it how it is:


Interest rates are expected to go up again, um… Who would you blame?


Well, if you’ve got the government out there borrowing more than a billion dollars a week that puts a lot of pressure on interest rates. Now, plainly interest rates will always be higher than they otherwise would be when you’ve got the government out there in the market borrowing as dramatically as this government is.

Keep informed of Australia’s sovereign debt level… unlike Finance Minister Lindsay Tanner, who doesn’t bother.

See for yourself just how much this wastrel Government is borrowing every week, by clicking here. To see how much they intend to borrow in the next few days, click here.

Already, you are better informed about Australia’s debt than the Finance Minister.

Abbott: Low-Growth, High Inflation Future

1 Mar

Tony Abbott also sees the danger signs that so many are warning of:

The danger for Australia, as we enter what could turn out to be a long period of 70s-style low growth and high inflation, is not just that the Rudd government has saddled us with debt and deficits but that it’s undoing the reforms on which a golden age was built.

Rudd Labor have tried to smear Tony Abbott’s economic credentials too, trumpeting that he thinks “economics is boring”. Whether that is true or not is beside the point – just because a subject is boring, does not mean you do not understand it.

Tony Abbott is a Rhodes Scholar, with a degree in Economics.  The Rudd Labor economic team, by comparison, are all uneducated imbeciles. Compare their credentials here.

Barnaby is right. Tony Abbott is right as well.

Thank goodness that at least two people in our parliament are aware of the serious economic problem that lies ahead.

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