Vic How would you rate Daniel Andrews' performance as Victorian Premier? - Part 7

[adogsfan5]

Surely the Murdoch press are alone (sic) attracting 'plenty of people without critical thinking skills who are more than happy to just swallow it if it aligns with their pre-conceptions.'

Got a mirror Jimmy ?

Try here:

Andrews blasts RBA for ‘smashing families’​

Dans latest version of blame the Feds:

“So of course we went and borrowed. And we were also assured - don’t worry, cost of capital is low, historically low. And we did borrow some money at historically low rates.'

I’d be fuming too if I was swimming in debt mate.

 

[Saint]

How did you satisfy yourself the ownership claimed is correct?
If true it is disconcerting for 'Australia- made'.
As a kid in WA in the 50s the family car had a 'buy WA made' sticker, & thats what put food on the table.

The thing about these big projects is that 90% + of the staff are Australian. It's not like they're costing Australians construction jobs.

There aren't any Australian-owned companies big enough to do these jobs. They were all sold to overseas companies.

Victoria isnt alone in this lack of choice.

 

[Saint]

Tuned into the news for the first time in a while and state politics gets a quick mention.

Guess what the opposition were asking questions about? Corruption. On a day when Dan Andrews had a go at the RBA, when the Govt is wide open to attack about debt and the looming awful budget and the opposition are banging on about corruption still?

Read the room, opposition, please!

 

[eddiesmith]

Surely the Murdoch press are alone (sic) attracting 'plenty of people without critical thinking skills who are more than happy to just swallow it if it aligns with their pre-conceptions.'

Got a mirror Jimmy ?

Try here:

Andrews blasts RBA for ‘smashing families’​

Dans latest version of blame the Feds:

“So of course we went and borrowed. And we were also assured - don’t worry, cost of capital is low, historically low. And we did borrow some money at historically low rates.'

What? Dan can remember exactly what someone told him 3 years ago? Yet in 2020 he couldn’t remember what he did 3 months prior…

 

[HurleyHepsHird]

Metro Trains Victoria % owned by CCP controlled companies

Metro Tunnel - John Holland is a major partner (CCP controlled)

North East Link - Multiple CCP controlled major contractors.

Majority of level crossing removals - CCP controlled companies.

All awarded after Dan was warned by public servants he was giving CCP contractors unfair advantages and all with major cost blow-outs.

He hasn't awarded social housing yet, I was saying his poor contract mgmt and CCP favouritism means he has to raise taxes to pay for things like social housing.

Note, I agree we are better off than under the do nothing libs but there should be a law passed that no company partially owned by any foreign government is allowed to bid for any government funded work.










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Yeah, this seems completely made up.

 

[HurleyHepsHird]

Tuned into the news for the first time in a while and state politics gets a quick mention.

Guess what the opposition were asking questions about? Corruption. On a day when Dan Andrews had a go at the RBA, when the Govt is wide open to attack about debt and the looming awful budget and the opposition are banging on about corruption still?

Read the room, opposition, please!

No, don't.

They are terrible and honestly have crossed way into the realm of counterproductive.

Maybe they should work on fixing/cleaning out the party. Then they might, on a very minute chance, be able to offer something constructive. Or they can of course defend the RBA, which nobody seems to want to do. Not the Federal government, not economists, almost none of the major think tanks bar the IPA, no one speaking publicly from academia that I can tell. Even the banks + financial markets appear bemused.

 

[HurleyHepsHird]

Surely the Murdoch press are alone (sic) attracting 'plenty of people without critical thinking skills who are more than happy to just swallow it if it aligns with their pre-conceptions.'

Got a mirror Jimmy ?

Try here:

Andrews blasts RBA for ‘smashing families’​

Dans latest version of blame the Feds:

“So of course we went and borrowed. And we were also assured - don’t worry, cost of capital is low, historically low. And we did borrow some money at historically low rates.'

If this is the line you are taking, you are on a hiding to nothing.

The advice, even during the pandemic, from the Reserve Bank to both the public and government was borrow borrow borrow rates won't rise and we have the forecasting to back it up.

The Libs will of course shoot themselves in the foot and ignore this, as will their messengers. Why, because they are idiots. A lot of people under mortage stress have not forgotten the RBAs pronouncements, nor do I imagine will the Federal LNP. Who will be caught between spiting the state premiers and trying to justify the massive debt they racked up.

 

[HurleyHepsHird]

The thing about these big projects is that 90% + of the staff are Australian. It's not like they're costing Australians construction jobs.

There aren't any Australian-owned companies big enough to do these jobs. They were all sold to overseas companies.

Victoria isnt alone in this lack of choice.

Also, Chinese investors/companies being part of a consortium does not = the CCP.

These construction giants tend to be transnational consortia. There'll be European, Japanese, Chinese, British and some Australian partners.

But the racist Chairman Dan China bad dogwhistles are much more convenient. Likewise, since when does servicing a tender equal ownership. Some real big brains about.

 

[hawkman]

Probably says a lot about the short term nature of politics that they are only thinking about interest costs for the 2 or 3 years in advance

 

[royale with cheese]

Suspect Dan is lashing out at the RBA because another Tricontinental is brewing.

 

[tandino]

Suspect Dan is lashing out at the RBA because another Tricontinental is brewing.

It's such disingenuous bullshit anyway.

If he's got a problem with the decisions of the RBA, this is the guy to bring it up with.



It's an easy problem to solve. It would be stupid, but easy. Overrule the decision.

 

[royale with cheese]

It's such disingenuous bullshit anyway.

If he's got a problem with the decisions of the RBA, this is the guy to bring it up with.

View attachment 1677229

It's an easy problem to solve. It would be stupid, but easy. Overrule the decision.

I think Victoria should secede like those weirdos on Twitter keep advocating, and start issuing their own currency.

 

[FredLeDeux]

Note, I agree we are better off than under the do nothing libs but there should be a law passed that no company partially owned by any foreign government is allowed to bid for any government funded work.

Why?

 

[tandino]

I think Victoria should secede like those weirdos on Twitter keep advocating, and start issuing their own currency.

It will give us something to burn when the credit runs out.

 

[Kwality]

It's such disingenuous bullshit anyway.

If he's got a problem with the decisions of the RBA, this is the guy to bring it up with.

View attachment 1677229

It's an easy problem to solve. It would be stupid, but easy. Overrule the decision.

Forget Albo, the CFMEU are advising now:
'The CFMEU has demanded Reserve Bank governor Philip Lowe resign or be sacked, as union leaders hit back at his warnings about the inflationary impact of pay rises, and accuse him of misunderstanding the wages system.
CFMEU construction division national secretary Zach Smith accused Mr Lowe of “fighting yesterday’s war” and called on the Albanese government to sack him if he did not quit.'

https://www.theaustralian.com.au/nation/politics/cfmeu-targets-philip-lowe-rba-chief-must-go/news-story/7cd8e6a5227eb57845f2f8c6fb39bcbc

 

[peetoo]

Shooting the messenger.

Also forgetting the rampant disregard for the poorest parts of society who will feel the pain most, does the idiot realise two US banks have gone belly up within months?

Our RBA are fools

 

[Chief]

does the idiot realise two US banks have gone belly up within months?

Yeah but due to exposure to dodgy crypto after lobbying to be allowed to operate without the usual stringent safety net.

 

[Saint]

Yeah but due to exposure to dodgy crypto after lobbying to be allowed to operate without the usual stringent safety net.

Just a couple of banks rolling the dice too many times.

It was clear a long way out that all the big Govt spending announcements since the end of COVID were going to pump up the market for 5-10 years (the duration of many of these projects).

It was fiscal stimulus for 10 years when they should have been focused on the short-term (even if some of these big projects and spending have merit).

Governments across the country are doing far too much deficit spending. Massive tax cuts will only continue that trend.

The fiscal stimulus Govts are pursuing should be thrown into reverse, or at least the foot taken off the gas, and Stage 3 tax cuts wound right back in. Those two measures would take more heat out of the economy and not hit the lower socio-economic areas so much. It will also reduce construction costs and alleviate some of the housing crisis.

Th Vic Govt is spending too much on large projects with various levels of need. Airport Rail, SRL, LXRPs are nice-to-haves and can be done at any point in the future, they're not urgent needs.

If you threw in some corporate tax increases, apply the PRRT properly and then flag changing the GST to a more flexible rate you could better balance the tax system.

If the Govt was able to increase GST to 12% or reduce it to 8% whenever they wanted, they could do a lot of the work of the RBA, but in a more targeted way, since most staples are not subject to GST.

 

[peetoo]

Just a couple of banks rolling the dice too many times.

It was clear a long way out that all the big Govt spending announcements since the end of COVID were going to pump up the market for 5-10 years (the duration of many of these projects).

It was fiscal stimulus for 10 years when they should have been focused on the short-term (even if some of these big projects and spending have merit).

Governments across the country are doing far too much deficit spending. Massive tax cuts will only continue that trend.

The fiscal stimulus Govts are pursuing should be thrown into reverse, or at least the foot taken off the gas, and Stage 3 tax cuts wound right back in. Those two measures would take more heat out of the economy and not hit the lower socio-economic areas so much. It will also reduce construction costs and alleviate some of the housing crisis.

Th Vic Govt is spending too much on large projects with various levels of need. Airport Rail, SRL, LXRPs are nice-to-haves and can be done at any point in the future, they're not urgent needs.

If you threw in some corporate tax increases, apply the PRRT properly and then flag changing the GST to a more flexible rate you could better balance the tax system.

If the Govt was able to increase GST to 12% or reduce it to 8% whenever they wanted, they could do a lot of the work of the RBA, but in a more targeted way, since most staples are not subject to GST.

Those vic govt projects have been ‘put off into the future’ for decades now. I agree rail to airport is a dik measuring thing,(especially as SRL will stop there) but the others? Barely keeping up with increased travel congestion as it is. That feeds efficiency and productivity gains as well as energy sustainability

 

[Saint]

Those vic govt projects have been ‘put off into the future’ for decades now. I agree rail to airport is a dik measuring thing,(especially as SRL will stop there) but the others? Barely keeping up with increased travel congestion as it is. That feeds efficiency and productivity gains as well as energy sustainability

If the removals on the Frankston line were put back another 2-3 years, they'd probably end up being cheaper and it's not like traffic in Aspendale or Seaford is a massive issue requiring urgent millions of dollars being spent.

They need to slow some of these projects down in times of higher debt. They made great sense at 2% interest rates, but at 5%, they'll end up a lot more costly.

 

[HurleyHepsHird]

I see the point of difference where Pessuto markets himself as a consultative nice guy came unstuck pretty quickly.

 

[HurleyHepsHird]

Suspect Dan is lashing out at the RBA because another Tricontinental is brewing.

How exactly lmao?

You can't just say anything and run with the vibes. There is no state owned/run bank or financial institution.

And funds like the VGF or VSCF are tiny.

 

[The Punter]

I see the point of difference where Pessuto markets himself as a consultative nice guy came unstuck pretty quickly.

Because people inside the party room are determined to bring him down at any cost.

 

[Ice-Wolf]

Because people inside the party room are determined to bring him down at any cost.

Yep the same people that think their problem is that they aren't 'Right' enough.

 

[Pakenhamsaint]

If the removals on the Frankston line were put back another 2-3 years, they'd probably end up being cheaper and it's not like traffic in Aspendale or Seaford is a massive issue requiring urgent millions of dollars being spent.

They need to slow some of these projects down in times of higher debt. They made great sense at 2% interest rates, but at 5%, they'll end up a lot more costly.

It would mean you'd be delaying any service improvement to the Frankston line. It's actually contracted that Metro effectively has to try to prevent boom gates from being down for extended periods.

Complicating matters is the vast majority of trains on the Fraknston line are stabled at either Kananook sidings or Frankston. The only sidings closer is Mordialloc.