"GOOD" DEBT? WHAT A CON
My editorial from The Bolt Report :
the Turnbull Government says its Budget will distinguish between "good
debt" and "bad debt". But is there any difference - and would you really
trust a government to know it?
So Bolt has dragged the IPA's Dr Sin ( Sinclair} out to disparage the Turnbull budget.
The head of their right wing rag the Catallaxy Files to explain Economics 101 to us because sure as hell Andrew Bolt can't. It's simple in
business there is a very old Jewish saying "use other peoples money to make a
profit". That is good debt That is banking That is the Stock Exchange.
As a wholesaler you come to understand more often than not that you are in the credit business not the product business and Capitalism is the debt business. Your only as good as the credit you can provide. In order to do that you will have debt on your books and it's an asset. It's the debt you accrue the credit you get get from your suppliers and which you can pass on to your clients to generate a profit. As an asset clearly it's a good debt and it generates profit for the business. However because there is no certainty in business which Bolt acknowledges exists and demarks good from bad you can't trust governments to know the difference. There is no con good debt does exist.
The
Con: Debt is a government no go zone should not be involved in debt good or bad only private interests have the right of profit.Government involvement in the national economy is minimal spending and the facilitation of private profit.
As a wholesaler you come to understand more often than not that you are in the credit business not the product business and Capitalism is the debt business. Your only as good as the credit you can provide. In order to do that you will have debt on your books and it's an asset. It's the debt you accrue the credit you get get from your suppliers and which you can pass on to your clients to generate a profit. As an asset clearly it's a good debt and it generates profit for the business. However because there is no certainty in business which Bolt acknowledges exists and demarks good from bad you can't trust governments to know the difference. There is no con good debt does exist.
Bolt promoted Abbott and Hockey as our saviors from the GFC at a time of growing debt they were the better money managers. Swan who was voted the world's best Treasurer was a waste of space. Remember the domestic cry from Bolt, News Corp and the opposition the sky was falling in and all those pre election promises of "no cuts" but better management Tony would fix it.. That was the great con that that Tony and Joe would fix it. When in government Hockey and Abbott sold the story was it was worse than they imagined the books had been cooked and it would take longer to fix. We'd heard that bullshit before and it wasn't long before Abbott could no longer hold that line.The domestic message the sky was falling in was being pushed by News Corp and 2GB. However they couldn't tell that to the world could they it would drive investors away. Hockey was telling NZ and other countries there wasn't an economic emergency at all that the economy was great. The con or jig was up and it showed in the polls. So
finally Abbott said after the second budget we 'fixed' the debt problem and have turned it around the "emergency" is over. However we no longer believed him. He had raised the debt
ceiling to $500bill, borrowed and spent for political gain and show rather than the dough and
national benefit. Abbott was Peter Foster and had banned his party from the ABC because they asked the real questions
The GFC may have started a debt run but the LNP
have tripled it since 2013 with little to show in return. Abbott's
NBN , Abbott's war, Abbott's national security and Abbott's ABF all were bad debts. Cuts to Education, Health, Pensions Housing and the ABC were put in place and not a good debt to show for it. They
certainly didn't produce any income only a cost. Abbott's detention centers and flags were all for show but not a necessity. They were the con and Abbott and Hockey
spent like there was no tomorrow and kept saying they had fixed the budget and their debt was "good" not frivolous. The
Con didn't improve with Turnbull but it wasn't accompanied with lies and deceit delivered by
Abbott and Hockey. That's the story Bolt fails to tell it's as if Abbott and Hockey never existed and it's all Turnbull's doing. The horse had bolted.
Andrew Bolt does "terrorism" regularly even globally declaring every crime of public violence as one committed by Muslims when he's able. However he gets it totally wrong as many times as he's right. He's totally random in his selection of evidence all it has to do is seem possible. However the problem is he is a news source and has a platform and when and if he gets it wrong you never hear from him again on that specific event. It's published distributed put out to the public but never withdrawn or admitted it's wrong, fake news, vilification or religious bigotry. Andrew Bolt's primary activity is not news and commentary but propaganda.
ABC DOES TERRORISM REPORT WITHOUT ONCE MENTIONING "ISLAM"
Andrew Bolt does "terrorism" regularly even globally declaring every crime of public violence as one committed by Muslims when he's able. However he gets it totally wrong as many times as he's right. He's totally random in his selection of evidence all it has to do is seem possible. However the problem is he is a news source and has a platform and when and if he gets it wrong you never hear from him again on that specific event. It's published distributed put out to the public but never withdrawn or admitted it's wrong, fake news, vilification or religious bigotry. Andrew Bolt's primary activity is not news and commentary but propaganda.
Bolt never
apologized for his cock up report he did of the German bus carrying a football
club being blown up but not by Muslim terrorists. Bolt didn't say sorry for
the Cheurfi shooting of police in Paris that was officially declared non
terrorist. As I said wrong or right Bolt declared these acts were of
Muslim Terror just to get his Islamophobic message delivered. It's never been retracted and never will be.
You can't
believe what Bolt says as his purpose is vilification and unless corrected are also lies. You can just imagine Bolt writing opinion pieces against the Jews in pre war Germany they'd be very much the same and getting worse as the war progressed. Once again thanks for the ABC
TWO MORE TERROR INCIDENTS IN BRITAIN
Having imported a culturally antagonistic
minority, Britain now deals with the predictable consequences. First:
"A man (pictured) was arrested near Westminster after allegedly trying
to launch a terror attack." Second: "A woman has been shot by police and
four people were arrested during an anti-terror operation in north west
London and Kent."
As I said above Bolt's agenda
isn't to report facts but to get his racist ethnocentric altra
nationalist anti- immigration message across. He conflates crimes of violence and threats with "terror" as if they have a single explanation. He only reports on those
committed by dark skinned non white non Christians or those that fit that possibility. His message they are intent on destroying
us and we need to fight back and stop being so piss weak.
None of the events Bolt conflates have any correlation, connection or relevance one to the other. Crime is far more prevalent in Australia
committed by Australians and is generally white. So Bolt to be convincing will turn to the children of immigrant Australians
to prove his point and if that's not convincing enough he will turn to
those kids whose grandparents were immigrants. As long as they can be squeezed into thos categories of people he dislikes . Bolt's
persistent anti- Muslim, anti- coloured ethnocentric message is all
Bolt wants to deliver and deliver it with unconnected evidence gleaned from anywhere
in the world. Because if he turned to the real facts, statistics and
figures relating to what it is he is trying to say locally and
nationally he'd be shown to be wrong and the fool he is. Advertizers should take
responsibility for who it is they are sponsoring.
Bolt fails to list reports like this because they don't fit his over all message. Bolt is an enabler of right wing terror
"The man knew no Arabic and is of German heritage, but successfully posed as a Syrian …"
"Another man was also arrested in connection to the terror plot, a 24-year-old student from the officer’s home town of Offenbach.
“We know from various voice recordings that both men had anti-foreigner views,” the prosecutor’s spokesman said."
Rightwing False Flag: German Officer Posed as Syrian Refugee, Planned Attack | Informed Comment
Bolt fails to list reports like this because they don't fit his over all message. Bolt is an enabler of right wing terror
"The man knew no Arabic and is of German heritage, but successfully posed as a Syrian …"
"Another man was also arrested in connection to the terror plot, a 24-year-old student from the officer’s home town of Offenbach.
“We know from various voice recordings that both men had anti-foreigner views,” the prosecutor’s spokesman said."
AUSTRIAN PRESIDENT; ALL WOMEN MAY HAVE TO WEAR HEADSCARFS
Peak submission: "The president of Austria
[said] there may come a day when all women are asked to wear headscarves
out of solidarity, citing discrimination faced by Muslims in the
country. ... 'With the widely spreading
"One way to stop the threat
of Islam is to simply convert. This may appeal to the Austrian
president, who preaches submission." Bolt
Bolt the traditionalist romances the times before his birth the
romantic post war 50's have a fond place in his heart because that was
his mothers era her youth and Andrew was very much mummy's boy. That was
a time when the streets of Australia saw women with gloves and head
wear if out of the house a time when we were all converts to fashion. A
time Bolt approves of. He was born into a conservative family he is a conservative and he'd be red faced in a room of tits and ass
LIB GURU: TURNBULL GOVERNMENT "HATES THEIR OWN CONSTITUENTS"
Liberal strategist Geoffrey Greene: “The
Turnbull government is at war with the people. This is a government
which hates their own constituents. The Liberal Party has lost touch
with what it stands for and will be decimated unless it changes tack."
Which is really what Tony Abbott has said, too.
What a load of trash Bolt posts attributing what Greene says to Tony
Abbott who lost the the faith of the electorate the moment he stepped
into office. Abbott never won an election the Labor party lost one
doing what the Liberal Party is doing now being weighted down by Tony
Abbott. Abbott not only lost faith with the electorate but with the
party as well and there isn't a poll that says otherwise. Throughout his
PMship how many times did we hear that he'd promis to "change". Bolt
was constantly telling us what a nice guy he really was it didn't
happen.Turnbull
was the great white hope but his success was hampered by an
adversarial political culture left behind by Abbott Mr Nope Nope Nope,
one that fails to identify issues and problem solve first on behalf of
all of us.. Simply following the wishes of their financial donors won't
cut it because they are no longer united. Simply put Turnbull failed
to wedge the ALP on Climate Change, Immigration, and Defense. He unlike
Abbott is not the favored son of News Corp or the IPA anymore but then
neither is Abbott. The electorate will get their message across but not
necessarily with either of them
The 24/7 news cycle and social media coupled with the explosion of advisers now employed by everyone has decreased the generalized spread of the Liberal message. It's so un-united that it hardly seems to be a party any longer just a bunch of individuals at war. Their constituents now merely see a Hydra.
The 24/7 news cycle and social media coupled with the explosion of advisers now employed by everyone has decreased the generalized spread of the Liberal message. It's so un-united that it hardly seems to be a party any longer just a bunch of individuals at war. Their constituents now merely see a Hydra.
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