Now this is more like it. Boost the economy with massive infrastructure projects.

ScoMo doesn't waste taxpayers' money feeding wasteful unproductive Welfare like Labor recommends.

No doubt there will be new legislation to stop the corrosive repulsive Greenies from interfering.



Man's creativity knows no limits.



Government to inject economic stimulus by accelerating infrastructure spend
Michelle Grattan  November 19, 2019 10.30pm AEDT


Australia is in good safe hands

The government is responding to increasing concern about the faltering economy by accelerating A$3.8 billion of infrastructure investment into the next four years, including $1.8 billion for the current and next financial years.

Scott Morrison will outline the infrastructure move in a speech to the Business Council of Australia on Wednesday night, while insisting the government is not panicking about Australia’s economic conditions.

The government’s action follows increasing calls for some stimulus, with concern the tax cuts have not flowed through strongly enough to spending.

The just-released minutes of the last Reserve Bank meeting show the bank seriously considered another rate cut at its November meeting but held off, partly because it thought that might not have the desired effect. Reserve Bank governor Philip Lowe has previously urged more spending on infrastructure.



In his BCA speech, draft extracts of which have been released, Morrison is expected to say that “a panicked reaction to contemporary challenges would amount to a serious misdiagnosis of our economic situation”.

“A responsible and sensible government does not run the country as if it is constantly at DEFCON1 the whole time, whether on the economy or any other issue. It deals with issues practically and soberly.”

He will say that notwithstanding the headwinds, including the drought which has cut farm production, the economy has continued to grow, and is forecast to “gradually pick up from here” with jobs growth remaining solid.

“Against this backdrop, it would be reckless to discard the disciplined policy framework that has steered us through many difficult periods, most recently and most significantly the end of the mining investment boom, which posed an even greater threat to our economy than the GFC.”

The projected return to surplus this financial year would be a “significant achievement”.

Lauding the government’s legislated tax relief, Morrison will say. “Our response to the economic challenges our nation faces has been a structural investment in Australian aspiration, backed by responsible economic management.”

Morrison’s infrastructure bring-forwards follow his post election approach to the states asking for projects that could be accelerated.

As a result of this process we have been able to bring forward $3.8 billion of investment into the next four years, including $1.8 billion to be spent this year and next year alone.

This will support the economy in two ways – by accelerating construction activity and supporting jobs in the near term and by reaping longer run productivity gains sooner.

Every state and territory will benefit, with significant transport projects to be accelerated in all jurisdictions – all within the context of our $100 billion ten-year infrastructure investment plan.

This bring forward of investment is in addition to the new infrastructure commitments we have made in drought-affected rural communities since the election.

In his address Morrison is also expected to announce the first stages of the government’s latest deregulation agenda, aimed at enabling business investment projects to begin faster.

https://theconversation.com/government-to-inject-economic-stimulus-by-accelerati...

Almost none of it will be new money. We already know the MO of this shonky government.

With international interest rates so low it is a fantastic time to borrow money for massive nation building infrastructure projects.

How will ScoMo keep a foot on the neck of the disruptive frothing at the mouth Lunatic Extremist Greenies who will try to stop any and all development?

Bias, those are EXISTING projects.

The NEW projects are supposed to also boost rural areas.

With money so cheap it is a fantastic time to borrow billions and kick off the Bradfield Scheme and new dams and new HELE clean coal power stations.

Makes Labor look like a bunch of maiden aunts.

I can see all the abbos and muzzos heading off to participate........Not.

And all the Somali gangs changing their ways to become productive citizens.....Not

And politicians now becoming honest and ensuring no one gets corrupt kickbacks from these super expensive products......Not

Business as usual.

The Big Mac is quite funny how he tries to twist everything around to the Depression that Labor would have created if they had gotten in.

Are the Chinese still paying bribes to the Labor Party and the unions ?

macman wrote on Nov 22^nd, 2019 at 5:35am:


The first thing that came to mind for me when I saw this thread was that socko (juLIAR) had put in a space by mistake.

Should be inaction not in action.

Definitely more accurate for this do nothing government.

Carl D wrote on Nov 22^nd, 2019 at 9:37am:

Which is why I deleted a space from the subject line in reply #2. 

Government inaction is one way of describing this do-nothing, good-for-nothing, bunch of corrupt clown muppets we've got running the country into the ground.