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Talking Politics

Looks like Scotty from Engadine is going to quit, forcing a by-election in Cook. Just a few more million this parasite has leeched out of the public purse.

In completely coincidental news, Josh Fraudenberg reported to have bought a flat in Lilli Pilli. Guess which electorate that's in.

Gold Standard Gladys'?
 
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Save the pups !


That's an old article. Was hoping for an update on this.

Anyone claiming it's her giving a personal endorsement is full of it. She didn't even put her surname on the flyer, Just Karen - Guide Dogs Victoria CEO.

It's the guide dogs logo (and the puppy) that was valuable to Frydudburg. Otherwise she'd just be another long-term Lib, leafy suburbs nobody
 
Looks like Scotty from Engadine is going to quit, forcing a by-election in Cook. Just a few more million this parasite has leeched out of the public purse.

In completely coincidental news, Josh Fraudenberg reported to have bought a flat in Lilli Pilli. Guess which electorate that's in.

Too scared to face parliament perhaps?
 
That's an old article. Was hoping for an update on this.

Anyone claiming it's her giving a personal endorsement is full of it. She didn't even put her surname on the flyer, Just Karen - Guide Dogs Victoria CEO.

It's the guide dogs logo (and the puppy) that was valuable to Frydudburg. Otherwise she'd just be another long-term Lib, leafy suburbs nobody
She resigned. Today.
 
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Looks like Scotty from Engadine is going to quit, forcing a by-election in Cook. Just a few more million this parasite has leeched out of the public purse.

In completely coincidental news, Josh Fraudenberg reported to have bought a flat in Lilli Pilli. Guess which electorate that's in.

If he does I hope the by-election has everything thrown at it by an independent or the ALP.
 
If he does I hope the by-election has everything thrown at it by an independent or the ALP.
ALP candidate Simon Earle is a true local and ran a fantastic campaign but it's pushing *smile* uphill trying to win the Shire.
 
That's an old article. Was hoping for an update on this.

Anyone claiming it's her giving a personal endorsement is full of it. She didn't even put her surname on the flyer, Just Karen - Guide Dogs Victoria CEO.

It's the guide dogs logo (and the puppy) that was valuable to Frydudburg. Otherwise she'd just be another long-term Lib, leafy suburbs nobody
yeah, it was completely wrong. Frydenburg should be ashamed- he allowed the ad which cost her her job, while his party was trying to punish any charity that advocated against any policy they disagreed with on the grounds they were acting politically.
 
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Looks like Scotty from Engadine is going to quit, forcing a by-election in Cook. Just a few more million this parasite has leeched out of the public purse.

In completely coincidental news, Josh Fraudenberg reported to have bought a flat in Lilli Pilli. Guess which electorate that's in.
I think Morrison actually thought he could just sit on the backbench for 3 years and do nothing, keep a low profile, maybe go to Hawaii for a few weeks, cultivate a few business ventures, consultancies, and draw his $200k pa salary or whatever it is.

Then he stopped and had a think about it.
 
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I think Morrison actually thought he could just sit on the backbench for 3 years and do nothing, keep a low profile, maybe go to Hawaii for a few weeks, cultivate a few business ventures, consultancies, and draw his $200k pa salary or whatever it is.

Then he stopped and had a think about it.
And what? Decided to join the CFA?
 
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Looks like Scotty from Engadine is going to quit, forcing a by-election in Cook. Just a few more million this parasite has leeched out of the public purse.

In completely coincidental news, Josh Fraudenberg reported to have bought a flat in Lilli Pilli. Guess which electorate that's in.

A bye-election for the LNP is a risky move. Plus, putting Frydenberg into the LNP party room is a recipe for instability. Not sure they will do either, but ScoMo is certainly arrogant and selfish enough to force a bye-election on them.

DS
 
A bye-election for the LNP is a risky move. Plus, putting Frydenberg into the LNP party room is a recipe for instability. Not sure they will do either, but ScoMo is certainly arrogant and selfish enough to force a bye-election on them.

DS
To be honest I would be surprised if Frydenberg moves to NSW. He is a Victorian boy, his kids are in local schools in Kooyong.
If he does it will be blind ambition driving it, going back to feed on Dutton's carcass when he fails, which he will. It would be a message from the NSW Libs to Dutton that you are temporary only and that is a recipe for instability
 
To be honest I would be surprised if Frydenberg moves to NSW. He is a Victorian boy, his kids are in local schools in Kooyong.
If he does it will be blind ambition driving it, going back to feed on Dutton's carcass when he fails, which he will. It would be a message from the NSW Libs to Dutton that you are temporary only and that is a recipe for instability

yeah, won't happen. And they won't parachute Keneally into Cooke either - it's safe Liberal, and she'd get even more spanked. They might try and get her in as a senate replacement or into another by-election seat that is safer.
 
Its going to be interesting to see what the RBA do. I read an article that is saying that the Us Fed reserve is reconsidering increasing interest rates due to the fragility of the economy.

I think this is the right call.

The standard response is inflation high = must increase interest rates, but thats very simplistic. The economics around this strategy is that demand driven inflation needs to be controlled and you can do that via impacting disposable incomes which makes sense. The problem is that the inflation spike in this country is not caused by demand, its caused by supply. Even the ABS's commentary around the reasons for the spike in inflation explains that.

The below are the last quarters movement in CPI, both actual and seasonally adjusted.

View attachment 15570

The biggest increases are Transport. The ABS commentary on this is below, so the spike was caused due to the Russian invasion of Ukraine - so this was not demand driven and a reduction in disposable income will do NOTHING to reduce the cost of fuel.

View attachment 15571

Education - so this wasn't driven by demand, but by a change in government policy in both sections.

View attachment 15572

Food. So this one is driven by Covid supply chain disruptions, flooding and transport costs. Note the 2 biggest annualised impacts, this isn't because we are buying more, just that for various reasons the costs have risen - again not demand driven.

View attachment 15573

Housing, this 1 is demand driven, but I'd argue that is largely demand driven due to the high current values of property in Australia as people are being pushed to build rather than buy existing because of the high prices of existing properties.

View attachment 15574

I did read a comment somewhere, but can't find it now, that if you reduce the inflation groups to those that are demand driven we would be slap bang inside the RBA's inflation target of 2-3%, so what will an increase in interest rates do? Probably push the demand driven inflation below their target meaning the economy will stagnate which will not lead to wage inflation and therefore compound the current issues we are seeing.

I know this is Sky News (its the Business channel so a bit better), and Roger Montgomery explains the issue with inflation much better than I have above. Explaining growing input costs which are driving our inflation numbers essentially as a tax on households, which is an excellent example, as there is little we can do about it. Can't afford meat because the price has gone up, well I'll buy veg (oh they've gone up too), ok I'll eat more grains (what they've increased too) etc. The increases in inflation costings are essentially unavoidable in many cases, which makes it even more imperative that we aren't too trigger happy on interest rates, as this could cause a much worse impact to our economy than what the current high inflation environment is causing.

 
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