Doom and Gloom. Talk of a Recession.

[overloaded]

Yes mate, but my point is if there is another recession looming the money isn't there to be spent on an easy stimulus package answer

[GWW]

Relying on Abbott as PM in poor economic times is a scary thought.

He reportedly has very little interest in/knowledge of, financial and economic matters. I think taht claim came from a Liberal Party source? May have been Costello..?

I would feel quite a bit more comfortable with Turnbull as PM, particularly if China falters a little, and our economy (and the global economy) struggles.

[bulldogproud2]

The stimulus package created a big hole in what was a healthy surplus. The next government won't have the privilege of spending money on one off donations, library extensions to school and
roof insulation.

That is exactly why a surplus is created though - to have money set aside to cover times like the Global Financial Crisis. Even now, Australia's Debt/GDP ratio is very low. Also, we are planning on moving back into surpluses. There will be money for future crises, just as long as they don't come too soon!!

[bulldogproud2]

Relying on Abbott as PM in poor economic times is a scary thought.

He reportedly has very little interest in/knowledge of, financial and economic matters. I think taht claim came from a Liberal Party source? May have been Costello..?

I would feel quite a bit more comfortable with Turnbull as PM, particularly if China falters a little, and our economy (and the global economy) struggles.

Well, after all, Tony Abbott did get an E in Economics at Year 11. Hardly surprising that he has little financial and economic knowledge.

[GWW]

..and to think he was a Rhodes Scholar too.

He must have liquid paper-ed out his Economics Grades (although I don't think Tippex was invented back then ).

Perhaps Joe Hockey will save us from an economic Depression.

Or Barnaby Joyce

[bulldogproud2]

Admittedly, we are hard markers in the Jesuit system, and Tony did improve a lot in Year 12

[gossipgirl]

Relying on Abbott as PM in poor economic times is a scary thought.

He reportedly has very little interest in/knowledge of, financial and economic matters. I think taht claim came from a Liberal Party source? May have been Costello..?

I would feel quite a bit more comfortable with Turnbull as PM, particularly if China falters a little, and our economy (and the global economy) struggles.

Not a big fan of Abbott although he is pretty funny but just about fall asleep when he talks. He ...... Talks .... with ...... very ......... big .... pauses !!!!! But seriously does the PM need much economic knowledhed considering they have heaps of advisors and ministers etc. He would just be the puppet for the puppet masters

[Sojourner]

McCracken homes have now fallen over, two more firms may go over with them.

http://www.adelaidenow.com.au/business/ ... 6585333699

[southee]

McCracken homes have now fallen over, two more firms may go over with them.

http://www.adelaidenow.com.au/business/ ... 6585333699

Correct Ben W . I predicted home builders will collapse in posts last year but was told I was being too pesimistic and negative by a few on here.

Well, Im out of my trade now and gone in a new direction. I know also of others tradies I still see that are not going well at all and are on the verge of closing shop for a career change as the "good time"have gone.

Pretty depressing if you were a young kid looking for a apprenticeship now. 40% youth unemployment in some parts of Adelaide.

It is not pretty.

[dedja]

not good at all ...

[Sky Pilot]

McCracken homes have now fallen over, two more firms may go over with them.

http://www.adelaidenow.com.au/business/ ... 6585333699

Correct Ben W . I predicted home builders will collapse in posts last year but was told I was being too pesimistic and negative by a few on here.

Well, Im out of my trade now and gone in a new direction. I know also of others tradies I still see that are not going well at all and are on the verge of closing shop for a career change as the "good time"have gone.

Pretty depressing if you were a young kid looking for a apprenticeship now. 40% youth unemployment in some parts of Adelaide.

It is not pretty.

Yeah State and Federal Labor has certainly done a lot to help youth employment.

[Dog_ger]

A Major Vehicle builder in Australia is about to announce they are going Off Shore.

[Sky Pilot]

A Major Vehicle builder in Australia is about to announce they are going Off Shore.

Could you blame them? The cost of employing people in Australia is outrageous and simply unaffordable to many companies who have the resources to go off shore where there are no penalty rates, no annual leave loading and no interfering union bosses/work cover Gestapo/ sundry state and federal authorities etc telling you what you can and can't do.

[The Sleeping Giant]

A Major Vehicle builder in Australia is about to announce they are going Off Shore.

Could you blame them? The cost of employing people in Australia is outrageous and simply unaffordable to many companies who have the resources to go off shore where there are no penalty rates, no annual leave loading and no interfering union bosses/work cover Gestapo/ sundry state and federal authorities etc telling you what you can and can't do.

Or is it because they aren't selling enough cars?

[Sky Pilot]

A Major Vehicle builder in Australia is about to announce they are going Off Shore.

Could you blame them? The cost of employing people in Australia is outrageous and simply unaffordable to many companies who have the resources to go off shore where there are no penalty rates, no annual leave loading and no interfering union bosses/work cover Gestapo/ sundry state and federal authorities etc telling you what you can and can't do.

Or is it because they aren't selling enough cars?

Yeah we'll that could be the case too. But they won't sell any more just because they make them in Indonesia or some other pox-ridden dump. Unless the price comes down dramatically. So equally to blame with the high cost of labour is the ineffective sales and marketing program and the service costs and frequency etc. car dealers want to make huge profits like real estate agents and both are dodgy.

[southee]

A Major Vehicle builder in Australia is about to announce they are going Off Shore.

Could you blame them? The cost of employing people in Australia is outrageous and simply unaffordable to many companies who have the resources to go off shore where there are no penalty rates, no annual leave loading and no interfering union bosses/work cover Gestapo/ sundry state and federal authorities etc telling you what you can and can't do.

Or is it because they aren't selling enough cars?

Who wants to buy a expensive Australian made car when you can get a cheaper one made off shore and çheaper.

Like SP said the unions and government screaming for more wages and entitlements has killed the industry.

Government should also be blamed for letting the cheap cars in to the country too and not helping local companies ... This includes other industries too !!! ( food , construction etc)

[Sojourner]

My employer transferred a two month old Falcon from Vic to NSW which then had to have a roadworthy test - and was failed due to oil leaks....

[Gozu]

Who wants to buy a expensive Australian made car when you can get a cheaper one made off shore and çheaper.

Correct.

Like SP said the unions and government screaming for more wages and entitlements has killed the industry.

A bold faced lie.

Government should also be blamed for letting the cheap cars in to the country too and not helping local companies ... This includes other industries too !!! ( food , construction etc)

The Howard government?

[Q.]

Real wages have not kept up with productivity growth. This is why your average worker is demanding better pay and conditions.

[Jimmy_041]

Government should also be blamed for letting the cheap cars in to the country too and not helping local companies ... This includes other industries too !!! ( food , construction etc)

The Howard government?

FMD - ever heard of the Button car plan?