I don’t wish to get political however I do detest deception and Ms Gillard and Wayne Swan should check their facts or never have joined the labour party in the first place if they wish to convince Australians somehow they are good economic managers.

As I predicted sometime ago ie over 18 months ago  its highly likely the US will head into a double dip recession which is now becoming widely reported in mainstream media in recent days that the  US economy is in real trouble again.

Because of the current  Australian Governments waste in a largely failed stimulus package Australia is in a poorer position to now respond to a double dip recession globally .

The Government claims that it was its $95 billion stimulus package that saved Australia from a serious recession.

Fact or Fiction

Fiction.

Most of the spending didn’t reach the economy until after 2009 when the Australian economy had largely recovered.

Ie the $16 billion waste BER school program only $1.7 billion of this was spent during the time the economy needed stimulus.

Nearly $2billion of it went in paying above market prices to constructions companies that were donors of the labour party.

The rest was spend afterwards when it wasn’t no longer needed and much of it still is being spend now.

Labour even tries to claim even if some of   it was a waste of money it still was needed as it stimulated the economy.

And some uneducated or misinformed  buy this rubbish.

True it was largely a waste of shaded cloth sheds in schools that Australia will see no return on whatsoever but it also failed to stimulate the economy when needed.

That’s not all.

Most of the $95 billion stimulus package is the same.

Didn’t stimulate when needed thus a complete waste from a stimulus angle.

And  largely a complete waste from an infrastructure or improvement in some way to our country that we could have received a return on.

I’m not arguing that in the GCC stimulating the economy wasn’t important.

It was.

However for $20 to $40billion not $95billion put into worthwhile projects and projects that deliver long-term benefits is what should have happened.

But it didn’t.

Our disorganised government put it into largely useless projects and ones that couldn’t deliver in the right time frame.

Their claims that it saved jobs also doesn’t stack up with the facts.

Its costs $250,000 per claimed job they say it saved so even if true its an expensive wasteful way to save jobs.

The reality is their stimulus package can claim little if any of the reasons why Australia escaped the recession.

It was largely due to one thing.

China

China and the Asian demand for iron ore etc is what saved australia and is still saving australia.

And do we need to highlight what this government then tried to do to the very industry that saved us from the credit crisis.

Rape and pillage them to repay the deficits from  the $95 billion of waste the Government had largely created.

When any extra mining tax revenue should be put to good use for betterment of our country  and also done in a consultative manner with the industry which would have avoided the damaged and largely destroyed international reputation Australia now has from an investment view point.

However because many Australians are largely uneducated re the economic realities the government’s political spin  doctors will convince and fool enough people to even possibly get them elected on their economic credentials.

Or bribe certain electorates or distract people with other issues.

God help this country if this nonsense continues.

We need real leadership,smart economic operators leading the country.

And we don’t have it.

And if we wait another 3 years before a new Government is put in place to start fixing the Labour Government’s debt problems again then that means their is even a bigger mess to fix up by then.

Personally I think this country needs a credible political third party to  become a force however for the time being that’s unlikely to occur.

However if enough  committed Australian’s joined forces such a party could one day become a reality.

In the mean time continuing with a wasteful government will only create bigger economic  problems which will take even longer to fix.

Regards,
Jamie McIntyre
CEO 21st Century Education