Bailout for Bluescope, Goverment to provide a $100 million advance

That guy's a douche

 

Well that's just too much. They propose a Carbon Tax, commit 10% of it to the UN up front, then another $100M of it to a single failed enterprise, from which its management pay's themselves a bonus . . . and not a single dollar has yet been raise/stolen from the captured populace.

Next, every service provider and their dog will start raising prices because of a carbon tax that isn't even introduced yet!

No, wait . . . they already are.

It is the biggest outrage this side of Gillard claiming she would never introduce a Carbon Tax which was the biggest outrage this side of her claiming she would never depose of Kevin (spend, spend,spend) Rudd.

:lol: :lol: :lol:

 

.Xenophon is the only politician that has any idea.

 

I notice he's popped up in cases like these recently.
e.g. The "milk wars" between coles and woolies.

His rep is going towards the green at the moment.
One to keep an eye on I suppose.

 

Where's the money coming from?

Did this happen today?

 

I don't like the word bailout.

I like it far less when AUD is involved.

 

It happened on Monday.

Apparently the money's coming from the carbon tax compo.
If I remember correctly, the goverment put aside a certain amount of cash to pay affected industries once the carbon tax is deployed.

Amusing that BlueScope blames it on the dollar, and the government fishes out cash from the carbon tax compo pool....
It would make more sense if BlueScope blamed it on the carbon tax

 

so we get to watch more Sesame Street and other recycled US produced shows?

 

More outstanding mismanagement of other people's money by the Failure Party.

 

Isn't the Liberal Party's "Direct Action" plan based on just giving money to large corporations too?

 

Sshhh, lets not cloud the issue with facts.

 

Spot on Jonesy,what an Irony
We should all be mad as hell about the dip into the Carbon Tax fund,there will be nothing left by the time the Carbon tax is enshrined in law.
Just shows that the Govt is already broke,what next dip into Superfunds by increasing the taxation rates~wouldn't put it past them.

REDBACK

 

J'Lie has already mentioned that she wants to give the banks access to the nations Super pool. The founders of the Labour Party must be rotating in their graves.

 

Yes thats true, large corporations that reduce emissions. As I understand it, none of the Liberal Party's policy requires Australia to buy carbon credits off of other nations in order to meet the stated "Target". All money spent (about a 10th of what the Carbon Tax will cost us) will be spent here in Australia.

 

I work in Qantas engineering in Mascot and there are definitely a few nervous heads around, theres not as many older guys as there used to be and it is going to be mainly the licensed engineers that will become redundant (higher paid engineers) and its a trend tat i think will continue over the years

 

So if the Labor party advances a lot of money to a large corporation from the carbon tax revenue paid by large corporations, that's bad. If the Liberal party just gives a lot of money to a large corporation from the general tax revenue paid by ordinary taxpayers like us, that's fine.

Yeah, no wonder Tony Abbott can't find any credible economists willing to back "Direct Action".

 

Neither party has the intelligence or vision to look outside the box for a better answer, like the RBA they are using last century's paradigms to deal with a world that they do not understand.

 

What the..are you serious!!
Whats your take on this?
Does that mean the Govt will become a lending institution so to speak charging for its loans to the banks at market cash rates?
Sorry just realised the absurdity of the above statement,when most Super money would be locked up in Shares,funds etc what would the access exactly be to?

REDBACK

 

It started with this:

http://www.theaustralian.com.au/nat...per-for-projects/story-e6frgd6f-1225712785621

Then earlier this year Swan said that Australia's super pool could be put to good use if restrictions were loosened and banks could get access to it to increase liquidity.

 

The reason bluescope has had a tough time i would suggest is more to do with their big market for product (the USA) is not buying the steel products it used to.
This is more secondary proof that the USA is still in economic decline, which i think will result in them printing more money etc.
So bluescope sackings show that gold and silver will rise in price due to inflation (the classical kind...more money in circulation)

Just wait, soon the call will be out for australia to weaken its dollar to " improve compettitiveness, help our exporters and tourism." This action will cause the Aussie gold and silver prices to rise...

In terms of the Qantas Engineers mentioned before....i left there a while ago myself. sad day...we were the best...now by decree it will be just like the rest..

It seems BHP have flagged taking the bluescope guys on..makes sense as they would fit in well due to similar skillsets. hopefully the guys jump at it and move into the
future not hold onto the past.

Just a few thoughts here, did not mean to rant. buy the dip people, get your positions..