Actually the electorates confidence in the fibs wont be repaired for a while yet either dovif!

http://www.abc.net.au/news/stories/2008/10/31/2406964.htm?section=justin

“The assistant general secretary of the New South Wales Labor Party, Luke Foley, has told the court he saw Mr Egan and another man putting the leaflets in the letterboxes.

He says he approached Mr Egan and told him, “We know what you’re up to – handing out shit sheets on the ALP”.”

Oh wait, they show he didn’t!

Atm because Kevin Rudd’s unlimited gaurantee on bank deposit, people are taking their money from the investment funds (who invest the money in shares) and putting them into bank deposits.

Some funds had frozen the withdrawal, because there are too many people who still want to withdraw their money. These people are unable to withdraw until the market settled, however everyone knows the market will fall again once these people sell their shares, so people are still selling off their investments, that is why our market had underperform US/Japan/UK/HK by about 10% in just the last week.

This is not happening in the US and UK, because they had limits on their bank gaurantee, why Rudd and Swann did not follow their led, despite them acting later than all the other government and created this mess is anyone’s guess.

Investment confidencein Australia had been destroyed by the Rudd government’s policy, it will take a while for it to be mended

2PP

ALP 56.5
LNP 43.5

http://www.abc.net.au/news/stories/2008/10/31/2406562.htm?section=justin

It probably says alot about me that the first thing I thought about on seeing the story was this website.

I suppose I’m biased on this oen because it will mean more work in my area, but overall it will create more jobs, which may be useful in the next two years. However it underlines the needd for Tanner to stick to his guns on the infrastructure funds I referred to in 862 above. Places like Latrobe valley will suffer from an ETS because it will expose how bad their older stations are. But the solution is not building them a new rail line to nowhere. They need new industries, or migration out of the area.

I hope Tanner sticks to his guns. The last thing we need is for all the new money to be wasted on a bucket of pork. See how little good the Darwin – Alice Sprigns railway has done. The money needs to go on the basics that have been neglected for years;
- upgraded passenger rail capacity in capital cities
- inter-state freight rail between capitals (Adelaide – Brisbane – Melbourne -Sydney)
- urban roads to ports
- water infrastructure and national electricity grid to make alternatives more viable