Apology Smology

 
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I have been amazed, reading some blogs, letters to the editor and listening to talkback, at the depth of feeling some people have to this issue. Particularly thise amongst us who think the apology is wrong and compensation is wrong.

All I can say is what is wrong with you? There are people in this country that had a great wrong done to them, and have suffered a great deal of pain.

The least we can do, is have the government apologise, and in doing so try to show that, as a country, we recognise the pain some of our fellow citizens have been through. I, for one, would like to demonstrate that we do care.

Sorry Seems to be the Hardest Word

 
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We all thought it would be so easy, but Kevin Rudd is showing his John Howard genes. A true statesperson would have thrown caution to the wind and launched into "sorry".

Instead, ironically, we have the Fonz, someone who just can't say sorry.

Bob Hawke, Gough and dare I say it, Malcolm, would have all launched straight into it, given the circumstances of today's world. They would, wouldn't they? I'm sure they would.

Sharemarket Sheep

 
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What can you say, what can you do, I have no idea.

Sharemarket Meltdown

 
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Oh oh. This is bad. Billions slashed from share markets around the world. Could this mean that the tattslotto win Rudd and Swan got with the economy just got p----d up against the wall?

Kevin Rudd and His Economic Plans

 
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He's going to do it all, fight inflation, keep rates low, build things, maybe something with the fish and loaves.

And all in the face of a recession, man he's good. Isn't he?

Wayne Swan calls the Banks greedy.

 
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He isn't the first and certainly won't be the last. And, while he is simply speaking to the electorate, he is right.

For years now the banks have consistently improved profits by growing their business and by improving their margins. I'm not critical of them doing that, we all try to do it. What concerns me is their attitude. They seem to believe that when they are improving margins that this is their money, and that they retain all of the gain as profit. There was never any intention to pass some of the gain onto their customers, by way of reduced interest rates.

However, when margins weaken, as they are now, they argue that this is a cost that needs to be passed on to their customers.

Looks like having an each way bet to me.

There's a recession coming.

 
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More and more it looks like America is headed for recession, and we all know what that means.

Made me look back and check when the last recession was, and I was reminded that it predated the liberal government. As such, I realised that both labor and liberal are equally as inexperienced when it comes to managing an economy in that cycle. Makes you think.

Anyway, if we have a recession don't grumble, the sun will still come up, the birds will still sing in the morning, and life will still be good, albeit no longer on a 72 inch plasma.

Howard gets back into life

 
Just as we all get back to the desk, shovel, whatever, after the Christmas break I notice that John Howard has started advertising for a research assistant, to help him with, ?????????????

Wouldn't really fancy that job, imagine working for a man who has had the bueareaucratic might of a nation working for him. Do you think he will adapt easily to a staff of one, or two? Guess who would be making the coffee?