Our last round of bank mergers ripped the heart out of country towns and transferred countless thousands on the unemployment scrapheap. Generations of farmers were wiped out as faceless (and heartless) bankers in remote city skyscrapers gave the command to wind them up. The scars of this recent era still run deep in the psyche of the bush. (more…)
Archive for May, 2008
Mega Bank Mergers – greed is good!
Thursday, May 22nd, 2008Kev ‘07 Spins his First Budget
Thursday, May 15th, 2008When Paul Keating went to the polls in 1996 Australian voters were waiting with baseball bats at polling booths around the country. After more than a decade of Labor rule they had established an number of records – record interest rates, record inflation, record unemployment and record debt. (more…)
Electricity Privatisation – Power without Glory for NSW Labor!
Thursday, May 8th, 2008When Bob Carr and Michael Egan tried to reform the electricity industry in 1997 they were soundly defeated by union heavyweights John Della Bosca and Michael Costa who were well supported by left-wing geriatrics in the NSW Parliament. ‘The Hogg/Egan proposition is a suicide note to the Australian Labor Party’ thundered Ian McDonald. (more…)
