Give a nutter the balance of power and what do you expect.

She will fold she is a Liberal at heart and high paid un-affordable tax cuts are in her blood.

She will fold like a house of cards.

Aussie wrote on Jun 10^th, 2019 at 2:45pm:

great ... but I suspect she'll cave.

Maybe ScoMo will use her as the excuse to get the 1st HELE clean coal power station started.

His excuse will be he had to do it to get Pauline to pass the tax cuts for all which got Libs elected.

Greggy are you inebriated ?

But the independents want to push their own wheelbarrows but to do this they need money and that has to come from the Govt.

So the independents have to grovel and beg or try to hold the govt to ransom in the SENATE.

So ScoMo will buy the independents loyalty.

The independents have a nice cushy job and so they will want to be seen to support popular legislation and also get a few local rorts for their electorate.  They generally don't want to be seen as ratbags like the Greenies for example.

Now the indies are demanding a fall in high power prices and Pauline is going the whole hog and demanding a new HELE clean coal power station in Nth Qld.  Wouldn't it be nice if the new HELE clean coal power station used ADANI clean coal ?

Quote:


Two white elephants.

Meanwhile ... the RBA wants the tax cuts in full.

By Eryk Bagshaw and Shane Wright
June 11, 2019 — 11.45 pm

Reserve Bank governor Philip Lowe has urged key Senate crossbenchers to pass the Coalition's $158 billion income tax cut package to get more disposable income flowing to stimulate a slowing economy.

A leading survey of the business sector revealed on Tuesday that despite a lift in confidence in the wake of Scott Morrison's election victory there has been a drop-off in trading conditions - dampening hopes of a recovery from the worst start to a year in more than nine years.

In private briefings with the crossbench last week, Dr Lowe acknowledged the central bank had little room to move if Parliament failed to pass the cuts in July.

The RBA cut rates to a record low of 1.25 per cent last week - with markets tipping another cut in August or September - after the economy grew by 0.4 per cent in the first three months of this year.

"They only have another five goes and then they are down to 0 [per cent]," said Centre Alliance senator Rex Patrick, who asked for the briefing from Dr Lowe.

"It is clear that they are a little bit concerned about the economy because they have just reduced interest rates. It is fair to say that the Governor was supportive of the tax cuts."

Economists believe the first stage of the government's 10-year package, a $1080 boost for average workers in their tax returns, would deliver the same effect as a 50 basis point cut in interest rates.

Finance Minister Mathias Cormann is now locked in negotiations with Centre Alliance and One Nation to secure the votes the government needs to pass the three-stage, 10-year package without Labor. Labor has so far refused to back the third stage of the package, which would see an $11,000 tax cut for workers earning over $200,000 a year in 2024.

In exchange for their support, Centre Alliance has given the government three weeks to deliver a plan to ensure that tax cuts are not swallowed up by rising power bills. One Nation has asked for taxpayer funding to support a new coal-fired power plant.

Senator Patrick said Dr Lowe's "very considered and informed opinion" was just one upon which he was relying to make up his mind.

"It is just like sitting down with the Australian Council of Social Service or any of the other groups that can tell you tax cuts are bad," he said. "They are all different things we have to weigh up."

The warnings from the Reserve Bank come as a key survey of the business sector shows that despite a post-election lift in confidence trading conditions have since dropped off.

The closely-watched NAB monthly survey showed a seven point spike in confidence with much of that recorded after the May 18 poll.

But the survey showed conditions fell to sit at their lowest level since September 2014 with a drop in forward orders a key concern. Capacity utilisation - how much a business is using its resources - is now below its long-term average as are trading conditions in NSW and Victoria.

The mining sector is still the strongest but the retail sector, one of the nation's biggest employers, fell to its lowest level since March 2001 at a time when the global economy suffered a minor recession.

ANZ's head of Australian economics, David Plank, said the survey was suggesting the business sector was facing a tough period.

"Business confidence was up quite strongly in May, most likely reflecting a post-election bounce. But this gain wasn't reflected in what businesses were actually experiencing," he said.



www.theage.com.au/politics/federal/they-re-a-little-bit-concerned-rba-governor-u...

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Yet they were all covering up the poor state of the economy when during the election campaign we were hearing that the Liberals had the best economy in many years. Our great economic managers - vote for us and you get more of the same.

Yes well they were right - more and more lies.

Quote:


Yes that's right our great economic managers have stalled the economy.

Quote:


Yes that's right the first stage that nobody disagrees with has a substantial benefit. It is giving $11,000 to people on over $200,000 that has no benefit to anyone. Actually it will hurt the economy.

Captain Nemo wrote on Jun 12^th, 2019 at 11:47pm:



I would much rather the Govt listen to the RBA  than the sour grape mob on ozpol...who even though they picked the wrong team... still think they know better than everyone else..

greggerypeccary wrote on Jun 13^th, 2019 at 9:21am:




the team you have cant even get rid of a bullyboy he ignores your team leader... what a joke.

sticks his thumb up to him....



and you think they are.. winners..

And the Lefties still secretly think Labor won.

Even tho all that remains of Labor is smelly bits scattered over the bottom of the Labor bird cage.

As BOTH Labor and the Greenies have no relevance anymore then why don't they amalgamate into one big smelly lump of irrelevance by forming the GARBO Party ?

Greggy's strained brain seems to have collapsed.