Monday, 18 December 2017

Andrew Bolt's Blog,18/12/17; Humour you don't get with Bolt; Stealing the credit; LNP economics has little to do with the current government; Everypicture tells a story;





 
Turnbull takes credit for jobs surge, but groundwork was laid years ago | Business | The Guardian

Stealing the Credit

Malcolm Turnbull has taken credit for the 383,000 jobs created in Australia in 2017.
According to JP Morgan economist, Tom Kennedy, nearly two-thirds of the new jobs have come from two industries – healthcare and social assistance (130,000 jobs), and construction (104,000 jobs) – and the policy groundwork for those jobs was laid a few years ago.

  A bigger, better public sector will secure our future

 

 Because it's 'we' and not Bolt's just 'me' thinking

The strong growth in construction employment can be attributed mainly to a boom in infrastructure spending by the ...

That's because almost all the services best provided or funded by the public sector are "superior goods" – things we want more of as we get richer: education and training, healthcare, aged care, disability care and much else, even law and order.
So the greatest threat to continued growth in the "lump of labor" comes not from robots, but from those wanting to put some arbitrary cap on the size of government – and, of course, on the amount of tax we pay.
 Current jobs growth is at the expense of wages and a Chinese recovery. It has improved profits for the few but not the crew of SS Australia


Can Beijing's bounty deliver us tax cuts?

 Australian currency
Does Turnbull believe he's not under the influence of China?  Sam Dastyari was a realist without good relations between us we are going nowhere. The USA isn't interested and the UK can't afford to be. Beijing is in a position to choose. What we have seen is Turnbull waving a red flag at the bull and Shorten hiding and doing nothing. Conservatives only seem to know the politics of fear they take us into wars but never out of them.
"If our pollies aren't snuggling up to the warm embrace of the Middle Kingdom with supposed free trade deals, banquets, and endless photo ops, they're mercilessly pointing the finger and dumping a bucket of steaming insults on anyone who's ever accepted a gratuity from the joint. Of which there appear to be many."
 

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