Shadow Treasurer Jim Chalmers has responded to the March quarter’s GDP figures saying “Australia’s remarkable run of three decades of continuous growth has come to an end” under the Liberal government. Australia’s gross domestic product contracted by 0.3 per cent in the March quarter, paving the way for a technical recession – pending June’s results. March’s contraction ends the longest running expansion of any advanced economy in the world, 29 years.
“We need them to do a much better job managing their response to this crisis and its aftermath than they have done managing the economy in the recent years,” he said. “Australians can’t afford anymore of the serial incompetence which led to the JobKeeper shambles, the robodebt debacle, delays in bushfire relief, sports rorts and the way the early access to super has seen such fraudulent activities.
JEChalmers So in less than 18 months this guy could be the federal treasurer or even the opposition leader depending on results oh boy 🥴🥴
JEChalmers Better than rest of the world ....
JEChalmers He looks soooo sad doesn’t he! Fake Charmers as usual.
JEChalmers Chalmers is part of the Australian Labor Party, the same as Daniel Andrews running Victoria. Great supporters of the Chinese Communist Party.
JEChalmers What an idiot. 🤦♂️
JEChalmers Oh Jim
JEChalmers What would Chalmers have done to have continuous growth during flood, drought, fires and covid. Give no monetary relief to the population and increased taxes?
JEChalmers GDP per capita is a more useful measure.
JEChalmers Stupid statement. Just political point scoring at its worse. Looks like a goose.
JEChalmers Einstein!
JEChalmers His interview was a case of trying much too hard to find fault. Again, my opinion of Labor goes down.
JEChalmers Now that is why ScoMo won... Karma to the Libs
JEChalmers He is a goose
JEChalmers What an idiot. Does he really think people don't understand this was going to be the case when a country gets shut down. thanks to the deliberate circulation of a manufactured virus by their mates in China
JEChalmers Bull!
JEChalmers Wow, a new level of the cheap shot, with no sense of a constructive way forward or how he would have done better after the combined economic impact of the fires and a global pandemic and global economic decline. Gives me no confidence in J Chalmers as an alternative.
JEChalmers Jim Chalmers worked for Wayne Swan 🤣
JEChalmers So tell me Chalmers. Besides the droughts. The bushfires. Then Covid if the recession is due to the LNP. Why did Labor and the Xbenches allow the passage of the legislation changes that you say created it?
JEChalmers Sooner this Lot of Labor Losers move on the better...
JEChalmers Seems a little churlish and stupid. Labour would obviously prevented Covid-19 and responded better. Why then are labour premiers in Vic, QLD, NT and WA hindering recovery
JEChalmers Not to bright our Shadow Treasurer.
JEChalmers Came to an end because of the owners of the Labor party, communist China.
JEChalmers Again we say why Labor are in Opposition. They are just amateurs.
JEChalmers He is a practicing imbecile
JEChalmers What a drongo he is.....
JEChalmers I can remember lnp kicking labour during the GFC . Chickens coming home to roost.
JEChalmers Because the hordes aren't coming in at the moment. If both parties hadn't artificially increased GDP by letting swarms in, there would have been no organic growth. Why not look at GDP per capita, has been going down the gurgler over that period !
JEChalmers Oh please. A global pandemic crushes the entire world's economy, and our GDP contracts by only 0.3%. facepalm
JEChalmers Who is this Labor “Neville” ? Get back in your hole you irrelevant flogg !
JEChalmers I wonder what caused it?
JEChalmers auspol 'if you can't manage money, you can't manage the economy' 😂
JEChalmers The liberals didn’t create COVID19, you can’t blame them for that
JEChalmers
JEChalmers Labor Party started it
JEChalmers Might be needing that Wellbeing budget Jimmy boy...
JEChalmers Yes, and the last one in 1991 under Paul Keating (Labor) and the only virus then was in your computer.
JEChalmers And this doctor of politics would have the Government spend more money and throw us deeper in any recession. He can his own snake oil. I prefer the medicine prescribed from the present Government.
JEChalmers C H I N A
JEChalmers World growth waning, trade wars and then a pandemic yep the LNP could have fixed that. Some of the things you come out with are laughable.
JEChalmers I wonder what caused it? Oh yeah a worldwide pandemic
JEChalmers Did Labor produce a surplus in that time?
JEChalmers There is no denying, this is due to the pure mismanagement by the LiberalAus Party. As the one of the two consecutive negative quarters, were before the Covid 19 crisis. Which if they were the economic savours they taughted themselves, would never have happened..👎!!
JEChalmers Look at this Flog ..Yer another tool..
JEChalmers If labor is in charge, the coronavirus wouldn’t hit Australia.
Mark Twain put it well .. “it is better to remain silent and be thought a fool than to talk and remove all doubt.”
JEChalmers 'China 1st' from WHO created the problem.
JEChalmers The great lie that the LNP are better economic managers than Labor is busted!
JEChalmers Might be a couple of contributing factors....
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Former Liberal MP supports JobKeeper extension | Sky News AustraliaPublican and former Liberal MP Craig Laundy says he would support JobKeeper being extended through to the end of the year, as the hospitality industry slowly welcomes more patrons into venues.\n\n“We’re losing a quarter of the money we used to make and we need a quarter of the staff we used to have,” Mr Laundy told Sky News. \n\n“It’s not just going to be our industry,” he said.\n\n“There are a lot of businesses in a lot of industries around the country that have taken massive hits to turnover and profit and therefore will take massive hits to employment for some time to come”.\n\n“I know that treasury and the RBA are modelling in the December quarter for unemployment to hit 9.5 per cent, and I think it’s going to be far higher,” he said.\n\n“Our sector, tourism and hospitality, employs 13 per cent of the national workforce,” Mr Laundy said.\n\n“You could have another six per cent come just out of this industry.”\n\nImage: News Corp Australia\n LaundyCraig Jobkeeper needs to be there for at least 12 months. I don’t know where people think that this is going to go away anytime soon. Jobs are not going to magically appear as business have had time to think, strategize and streamline their businesses! Tough times ahead LaundyCraig ...of course they would, it's welfare for businesses after all at TAXPAYER EXPENSE!!!! LaundyCraig Start the spread for cash
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Hotels sector urges govt to extend JobKeeper until the end of the year | Sky News AustraliaThe Australian Hotels Association has put forward a suite of measures to the Federal Government designed to resuscitate the struggling sector, including a proposal to extend the JobKeeper program until the end of the year.\n\nSky News Political Editor Andrew Clennell has revealed the official submission tabled to the government by the AHA warned the sector, which has been disproportionally impacted by the COVID-19 pandemic, will continue to struggle even after the immediate health crisis abates.\n\nIt comes as government figures warn hospitality workers make up more than 1 million of the 3.5 million workers currently signed up to JobKeeper.\n\n“Even whilst shut down, the costs and debts for hotels continue to accumulate daily. The financial pain is far from over. Our members are struggling with uncertainty as to when and how they can commence trading and the ‘debt cliff,” the submission said.\n\nMr Clennell said AHA has put forward three proposals to the government.\n\n'That Jobkeeper be extended to all hotel businesses until at least December 31,” Mr Clennell said.\n\n“They have proposed that business taxpayers be allowed to claim a tax deduction for entertainment expenses and fringe benefits tax be waived for three years.\n\n'And they have proposed that the twice-yearly CPI excise increase on beer and bottled spirits be frozen for three years.”\n\nMr Clennell said the sector has also written to the government urging greater clarity over social distancing rules.\n\n“They are talking about hotel outdoor dining space in some states only being able to have only 20 persons while in shopping centres and airplanes there is no limit,” Mr Clennell said.\n\n“So, I think out of this if you are looking at sector-specific extensions of Job Keeper, we can now identify, it could include tourism, hotels, arts and potentially its biggest user at the moment, construction.”\n \n aclennell Pp
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Fears US riots will end with martial law, people ‘shot by military’ | Sky News AustraliaSky News Political Editor Andrew Clennell says he fears the week of violent protests triggered by the fatal arrest of George Floyd will end with people “shot by the military”.\n\nAfter failing to suppress protesters from coast to coast across the states, US President Donald Trump warned he would deploy the military to “quickly solve the problem” if a city or state refused to “take the actions necessary to defend the life and property of their residents”.\n\nMr Clennell said he believed the situation would only be resolved with military action. \n\n“Essentially, you will see the President using the Insurrection Act to overrule the governors if this goes on, which you anticipate it might even if they call in the National Guard,' he said. \n\n“We’ll effectively have several cities in the US under martial law.\n\n“What are the rules of engagement there? Are the military going to be in a position to arrest people? Are they going to have weapons? It’s a scary three or four days ahead. \n\n“Nothing any political leader seems to say stops these protests and stops the violence.”\n\nImage: AP aclennell That is why 2A exiwt and why citizens should arm and strike back aclennell aclennell Or shot by well armed and reinforced Americans exercising their 2ND Amendment Rights.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Why is Australia's dollar surging even while the economy hurtles towards recession?Australia's currency has risen sharply against the greenback, even as the nation hurtles towards its first recession in nearly three decades. Why? Because EVERYONE’S economy is stuffed...? It just fell too much. It has historically been around the 70 to 75 cent mark What matters right now is why do so many not have enough to pay rent, the bills and bread for their kids - why are those expenses getting a lot harder to meet?
Source: abcnews - 🏆 5. / 83 Read more »
The Belt and Road Agreement is a 'third world thing to do' | Sky News AustraliaNSW One Nation leader Mark Latham says the Belt and Road Initiative is “a third world thing to do” and the Chinese are not doing it out of their great 'love for Australia but because they are expecting some sort of influence and leverage in return”.\n\nMr Latham said, if Premier Dan Andrews buys into this Chinese investment program, he would be lowering the status of Victoria to a third world nation such as “Sri Lanka and other Asian countries that go down that pathway”.\n\n“At one extreme we don’t want to say China’s our enemy… but at the other extreme we don’t want to say that we have to rely on Chinese finances, investment and infrastructure to provide basic services in a state like Victoria,” he told Sky News host Paul Murray.\n\n“We need to strike a middle way” which means we “can’t apply a human rights test to all our trading partners around the world”. \n\n“We can’t expect Australia, a middle power, to change the human rights record of countries all around the world just because we trade with them and just because we have some diplomatic relations with them”. \n\nImage: AP Don't just be a dick for the sake of it, take the money 🤷🏼♂️ Dan Andrews gleefully signed Victoria up despite going against National interests and security concerns. It is a scam for third world countries which shows you what china thinks of us
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Govt urged to support new fertiliser projects | Sky News AustraliaThe federal government is considering assisting three major fertiliser projects to “insulate Australia against supply chain difficulties,” according to Sky News Political Editor Andrew Clennell.\n\nOne of the projects, situated in the east Pilbara, is expected to support more than 600 jobs across the region.\n\nMr Clennell said Australian farmers have to import fertiliser which puts them more at risk when global supply chains cease to function, as is occurring during the COVID-19 pandemic.\n\n aclennell Congo health ministry confirms at least 4 new Ebola Deaths in city... aclennell Mates of AngusTaylorMP are they? aclennell Perfect project for a polician. Place Taylor in charge and bingo, mountains of fertiliser with no trace of a stink. That you will be told about anyway 😅
Source: SkyNewsAust - 🏆 7. / 78 Read more »