Over it already.
Joe Hockey has spent $121m on the WorkChoices ads.
WTF? This for ads he said were "simple and without spin". Simple would
have been a letter in the post, $0.60 x 8m households = $5m. We've got
the third world happening in the Pittlands: sending $115m to TV owners
rather than to aboriginal education, housing and health is criminal.
The suggested reduction in tax is stupid economic policy. That money
will go directly into consumption and push up consumer goods demand. Since
that's the demand that is currently driving interest rates, they will go up.
So all we get is a transfer from income earners to bank shareholders.
However, government revenues do need to be reduced. The question is
how to do this. The Hawke-Keating government once gave a non-inflationary
wage increase by diverting it into superannuation. Given that most
people still do not have enough retirement savings, that's probably the
approach to take to a non-inflationary disbursement of the government's
windfall revenue. And I think it would be good politics too, people are
more scared of their welfare in retirement than is apparent.
Good old Nick Xenophon is running for the Senate. He needs about 15%
of the vote, in the state election he got about 10%. In theory his election
should depend on preference deals. Needless to say, Labor, Libs and Family
First aren't interested in helping Nick. Which might be stupid of them, since
I reckon Nick might actually get voted #1 by 15% of South Australians,
which means that the party which does the preference deal would pick up
the "odds and ends" seat.
As I said, I'm over this election on Day Two. It's not about the
good of the people. It's about political dynasties fighting for the prize
of government largesse.
Oh, bring me Pitt the Younger, we need his type in these times. His
first and dying concern the guidance of his country through its worst hours.
His eye on the money (he had to pay to defeat Napoleon and to lose the
American Colonies), but his heart with the poorest people.
But even more, bring me his friends. Bring me Wilberforce, that hedonistic
dandy with the head of a politician but the heart of of a lion. Bring me
the solid Grenville, the brilliant Nelson, the precocious Wellesley (so
much cleverer than the older Wellington).
Even Homer thought the
people of the Illiad better men than his contemporaries.
What I would give for just one Worthy!
But we have Paris rather than Hector: Daimoni' ou men kala cholon tond' entheo thumôi,
laoi men phthinuthousi peri ptolin aipu te teichos
marnamenoi: seo d' heinek' aütê te ptolemos te
astu tod' amphidedêe: su d' an machesaio kai allôi,
hon tina pou methienta idois stugerou polemoio.
all' ana mê tacha astu puros dêïoio therêtai.