Sunday, July 26, 2009

Rudd, showing how he loves China again.

My view of the Australian financial situation differs greatly from that purported by our PM Kevin 07, in that I don't really believe we had to go into recession nor did we need to talk down the business confidence or the value of currency.

Our major Banks were not exposed in a big way to the world economic meltdown and continue to make huge profits despite following the worlds pull back of business lending and even home loans, for which in my opinion there was no need.

Our unemployment rate had not taken any significant dive , and job prospects although lower were still greater than the number of job seekers.

And then they announced that we were in recession and that people needed to stock up on groceries and that there would be mortgage repayment holidays and the stimulus packages, wow, we suddenly stopped buying, borrowing, going out, driving or anything else that cost money and that meant that retailers were not ordering and in turn manufacturers were not needing to make things, shit, we are in recession.

OK, to actually get to my point, Rudd has said that we should not buy Australian made, in fact we should avoid it at all costs.

Why?

You may laugh, but here's what he said;
"We need to avoid any form of protectionist measure which invites retaliatory protectionist measures," he told reporters today.

The mistake of the Great Depression was that governments believed the way to get through was to close their national borders to imports.

"We're not about to repeat those mistakes here."


Talk about comparing cabbages with persimmons, honestly does he think there is any similarity between a country with a very low population, between wars, and with a rudimentary economy based on wool and wheat is anything like what we have grown into.

Really if we don't help ourselves, the Chinese with the money will help themselves to our country, and just maybe that is part of Rudd's agenda. Kevin 07 seems to be the best ambassador for sell it to China and buy it back again ten times the price since Pig Iron Bob Menzies had his crush on Japan.

Does Rudd really think that by turning Australia into a marketplace for China and giving away jobs here is any kind of answer? and Just where does he think the people will get the money from to buy all the Chinese stuff when we're all out of work, and who does he think will be paying all the tax that has allowed Kevin 07 to jet around the world?

Think again Kevin, the unions don't like your ideas and anyone with kids will be wondering where they are going to get a job when all we have is retail.

Kevin 07 has run out of ideas and, I think, time.

1 comment:

Anonymous said...

Rudd should like China, he`s just
a big a commo as Mao himself.