Posts Tagged ‘Rudd’

Rudd Channels Belinda Neal: Tirades of Abuse at RAAF Attendent Over Food

April 2, 2009

The Daily Telegraph reports:

KEVIN Rudd reduced a young female RAAF cabin attendant to tears with a tirade of abuse because he did not get a meal he wanted during a VIP flight. The Prime Minister was forced to apologise for his behaviour, which appalled a number of senior Government officials.

An official report was filed by the flight crew about the behaviour of VIP No. 1 – Mr Rudd – after the flight from Port Moresby to Canberra in late January. Mr Rudd, who had attended the Pacific Islands Forum, was told by the 23-year-old flight attendant that h is request for a “special” meal could not be met.

Sources said the PM reacted “strongly” and a heated exchange followed. The attendant burst into tears and reported the matter to the senior cabin attendant.

She later composed herself and continued with the in-flight service.

Also:

The PM’s chief spin doctor, Lachlan Harris, initially tried to cover up the incident with a flat denial that it had even occurred.

But the report by the Commander of the VIP fleet, Group Capt Peter Wood, leaves no doubt about Mr Rudd’s behaviour.

Everyone knows Rudd has a crazy temper, is a complete s**t to his staff and everyone around him, and is a power-hungry uber-controlling egomaniac. Hmm. Still, one does question why a RAAF cabin attendant, who I’m assuming would be a member of the RAAF and not a civilian, and as such would have had military training, would have burst into tears just because Tintin’s Evil Twin shouted at her. Rather worrying indictment of our military training…

Translating Rudd’s Seven Point Plan to Save the World

March 6, 2009

Australia’s own Dear Leader, the Greatly Beloved Chairman Rudd, came up with a seven point plan to solve the global financial crisis yesterday. Which was rather nice of him.

Of course, Chairman Rudd is quite used to solving all the world’s problems. In just the last year he’s established the International Commission on Nuclear Non-proliferation and Disarmament (Australia being a great nuclear power and all) , announced the establishment of a new Asia-Pacific Union to rapidly change the “architecture of our region” (without even consulting other Asian nations! Such leadership), created the Global Institute to change the world when it comes to carbon and so on: which of course would explain why it took Obama over a week after the inauguration to call Rudd –  Obama was just shy in the presence of such a leader on the world stage!

To be honest, my initial reaction was that this was some kind of not-very funny satire.

So what does the pre-election economic conservative turned post-election massive socialist prescribe at this timely juncture (six months after the toxic asset debate got off in the US). Considering Rudd won the election promising to lower interest rates, and loose monetary policy was a major factor in the crisis, I’m sure his global prescriptions are sure to be taken seriously. Those reading the vague ramblings in the Rudd article might be somewhat confused, so I’ve provided this handy translation:

1) “All weak and all systemically significant financial institutions should be subject to a stress test. The public and governments need to know with confidence that the assets on bank balance sheets are sound.” TRANSLATION: Create a pessimistic model of what you think the future will be like (because obviously governments have shown themselves so good at modeling). Force banks to prove they would survive if this model occurs. If not, give them 6 months of effective micromanagement then, if they still use their assets in a way you don’t like, nationalisation. Likely result: People see models are pessimistic, assume that’s what will happen, and start selling shares making this a self-fulfilling prophesy. Banks start being micromanaged by the government. If any bank fails the test , panic – even if undeserved – created. Government would likely use excuse as nationalisation. Note: This visionary idea Rudd’s promoting was proposed last week by the Obama Administration.

2) “All non-viable banks must be closed or nationalised. Keeping insolvent banks alive is itself systemically damaging”. TRANSLATION: Rather than letting the market decide, the government will pick and choose who succeeds and who fails. Then use this as a back door for the greatest socialization of the world economy in history.

3) “Toxic assets on bank balance sheets must be neutralised. This can be achieved by the creation of a “bad bank” or through an insurance mechanism. This needs to be done quickly and comprehensively, and may require compulsion.” TRANSLATION: A combination of corporate welfare with back-door nationalisation. The taxpayer will effectively give billions of dollars to banks through the back door. And, what’s more, this is an expansion of the moral hazard of toxic loans and them dumping them that – through Freddie May and Fannie Mac – was the single biggest contributor to the sub-prime crisis!

4)”The prices of bad assets should be derived from a transparent and simple formula that is consistent across jurisdictions.” TRANSLATION: Who the hell knows what this means? On one hand, it could mean  getting rid of the arbitrarily-restrictive  mark-to-market rules that were instrumental in causing the financial crash by forcing firms to value securities at or near $0 – even if they have a significantly higher value. Of course, it instead probably means even more of the same restrictive regulations that got us into the whole mess in the first place

5) “It is essential that the public and private sectors, and international financial institutions, work closely together. If governments go down the route of nationalisation, it should be temporary. Nevertheless, the details of a future resale to private buyers do not need to be addressed now.” TRANSLATION: We will set up the Public-Private Partnerships that worked so well in Japan in the 1980’s they caused a whole decade of zero-growth in the 1990’s (Maybe if they had Bob Carr managing them?). We will then prepare “temporary” nationalisation – with no exist strategy. Of course, finding an example of a government being given power then returning it in history would be a harder task finding a unicorn.

6) “A critical element of the stress test must be to recapitalise banks, so they have the capital they need to lend and reopen the arteries of credit.” TRANSLATION: More taxpayer money given to banks. Like in part 3, only through the front door this time.

7)“Once banks have been adequately capitalised, they must formally agree to maintain regulated levels of lending in return for government support through sovereign guarantees on deposits and/or interbank lending” TRANSLATION: Government micromanagement of companies – again 1980’s Japanese-style corporatism. Alternatively, could mean forced lending. Just like  the Community Reinvestment Act that was one of the major causes of the crisis. In any event, it is a move to Fascism: State control with some private ownership.

So there you have it. Socialism, Communism and Fascism all in one plan, mixed with the 1980’s Japanese Corporatism that created their 1990’s recession, and, as an extra bonus, the very same policies that created the financial crisis in the first place!  Yay!

Proof Rudd is a Moron

February 13, 2009

Exhibit A:

rudd-is-a-moron-4

Australian’s.

*sigh* Please note this person is meant to be the Prime Minister of Australia. And yup, he can’t even use apostrophes.

And he’s asking us to trust him with $42 billion dollars.

Moron.

Even ignoring this, how dare this man seek to take advantage of the deaths of so many Australians as a brazen political stunt like this? One minute twitter silence? From him? Is this some kind of twisted joke???  This is sickening, and an insult to all who perished in the blaze.

Australia’s Obama: One Year On

January 14, 2009

Originally Written November 25, 2008

One year has passed since Australia’s Messiah (Kevin Rudd) overthrew the brutal conservative regime, and ended twelve years of oppression. The evil ogre John Howard was slain, the people liberated. After 12 years of darkness, the sun came out to shine. A brand new dawn – an era of hope, a time of change.

Sound familiar? Indeed, such were the similarities between Kevin Rudd’s “New Leadership” and Obama’s “Change” campaigns, that political commentators frequently confuse the two, or at least blur the lines between them to the point that they are indistinguishable.

One year has now passed. So how is the Brave New World down under?

Australia’s new Dear Leader moved quickly to appease Australia’s cultural elites. He apologized to our indigenous population for past (largely historically debunked) misdeed. He ratified the Kyoto Protocol, moving Australia right into the center of the world’s most relevant global environmental issue (well, relevant if it was still the early 1990’s at least). But these two gestures, whilst symbolic, had no practical consequences. And it was then that his true colors began to show.

One of the first major policy decisions made by Dear Leader’s government was to propose censoring the internet. That’s right. Censor the internet. We would proudly join North Korea, China, Iran and Cuba (paid for, of course, by the consumer, and slowing the internet by as much as 70%). All, of course, to ‘think of the children’. Whilst the full regulatory details have not yet been released, it is clear that this will include not only pornographic sites, but political objectionable ‘hate speech’; who knows what else. In order to gain access to even a semi-full internet, persons will have to register to ‘opt-in’ to a relatively clean feed. Yes that’s right, the Australian government is planning a national ‘pervert register’.

The nanny state continued. Under the guise of ‘curbing youth drinking’, alcopop taxes were increased by a whopping 70% – the largest revenue increase in dollar terms in the Federal Budget. Bar hours were restricted, and lockouts proposed. A Labor-dominated Senate Committee called for increases in the drinking age, then hastily backtracked after public outcry. The nanny state was well on the way.

Last month, Labor (going against an election promise) introduced plans to legislate compulsory student unionism in our universities, destroying freedom of association on campus, and forcing students to give hundreds of dollars against their will to support left wing causes. Mao would be proud.

And then came the financial crisis: a godsend to any visionary politician. Chairman Kevin took the opportunity to be strong. To be decisive. To be a leader with true vision. He immediately announced an unlimited guarantee of all bank deposits (ignoring briefly that Australia’s banks were all highly profitable). A strong leader! The people rejoiced!  Or at least they did until two days later the stock market crashed as investors transferred everything to banks to take advantage of this unlimited guarantee.  The stock market collapsed. Managed funds were forced to freeze their assets to prevent collapse, and retirees who (in Australia’s privatized social security system) relied on these funds for income, were told by the government to go to welfare offices. A visionary indeed. Of course, as a result of this, Chairman Rudd announced he would have to abandon his promised-tax cuts (Kevin campaigned by saying he was an economic conservative too). Instead, spending would go up and the federal government would be plunged into deficit.

This is what life in like in Australia’s Brave New World. One year on, this  comrades, this is change you can believe in.