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Growing unpopularity of GreenLabor Canberra Government corresponds exactly with post April weakness in the ASX

Comparing one year charts for DOW and ASX All Ords – note how the ASX has performed much worse that the DOW – particularly since April this year. Yet the fundamentals of our economy would be sounder than in the USA.
IMHO the unpopular GreenLabor Govt in Canberra is the cause of most of the difference. Everybody knows they view the productive sectors of our economy as simply a source of extra taxation – that they then redistribute to their unproductive constituency. Just off the charts in May 2010 they announced version 1 of the mining tax – that had a negative effect on the ASX that has been added to by the version 2 mining tax proposal – and lately the Carbon Tax.
DOW
DOW stock index
ASX All Ords (Charts by Proview)
ASX All Ords stock index
A year of “Newspolls” measuring shifting Australian Federal “Two Party Preferred” voting intentions. Note how the collapse in the ASX relative to the DOW started in April – exactly when the popularity of the Canberra GreenLabor Govt began to collapse.
A year of Newspolls
Millions of Australian investors realise that the Gillard/Brown GreenLabor Government in Canberra knows little about safeguarding Australian prosperity.
Post March 11 as talk around introducing the Govts. new Carbon Tax increased and caused the Govt to become more unpopular – worried investors began to take cash out of the ASX. Our Nation is now weaker than it need be – had we had prudent economic managers.
The sooner the Gillard/Brown GreenLabor Government in Canberra comes to an end – the better for our Nation and all of us.
No wonder concerned Australians are planning a “Convoy of No Confidence” – actually eleven truck convoys converging on Canberra on 22 August.

4 comments to Growing unpopularity of GreenLabor Canberra Government corresponds exactly with post April weakness in the ASX

  • Cate S

    Thank you to the NRFA for taking the first steps to giving people a hope, a voice and a peaceful way to come together, uniting grass roots people.
    Thank you to the AFP and all other States services for their untiring work – this is history and democracy in action – dont look back 10 years from now and say ” i wish i had taken part..)
    For those wishing to join,
    please click on the link Warwick has above, and then rsvp to tullochard@bigpond.com (for logistical purposes) Convoy number, vehicle and number of people.
    Cheers Cate

  • Beachgirl

    I just found this list at the Convoy site
    Gillard/Swan/Rudd Top 50 Lemons
    1. Carbon Tax – “There will be no carbon tax under the Government I lead.”
    2. NBN – $50 billion but no cost-benefit analysis
    3. Building the Education Revolution – The school halls fiasco
    4. Home Insulation Plan (Pink Batts) – Dumped
    5. Citizens Assembly – Dumped
    6. Cash for Clunkers – Dumped
    7. Hospital Reform – Nothing
    8. Digital set-top boxes – Cheaper at Harvey Norman
    9. Emissions Trading Scheme – Abandoned
    10. Mining Tax – Continuing uncertainty for our miners as version 1 morphs into version 2 – and what other mad scheme could emerge
    11. Livestock export ban to Indonesia – Over-reaction
    12. Detention Centres – Riots & cost blow-outs – hunger strikes – professional self-harming – Millions of dollars of compensation claims in the courts – driven by taxpayer funded lawyers.
    13. East Timor ‘solution’ – Announced before agreed – never went anywhere
    14. Malaysia ‘solution’ – STUFF ME – JUST GOT SIGNED & WHAT A JOKE IT IS – who dreamt this up – we send back 800 and get 4,000 in return – only GreenLabor could agree to this.
    15. Manus Island ‘solution’ – On the backburner
    16. Computers in Schools – $1.4 billion blow out; less than half delivered
    17. Cutting Red Tape – 12,835 new regulations, only 58 repealed
    18. Asia Pacific Community – Another expensive Rudd frolic. Going nowhere
    19. Green Loans Program – Abandoned. Only 3.5% of promised loans delivered
    20. Solar Homes & Communities plan – Shut down after $534 million blow out
    21. Green Car Innovation Fund – Abandoned
    22. Solar Credits Scheme – Scaled back
    23. Green Start Program – Scrapped
    24. Retooling for Climate Change Program – Abolished
    25. Childcare Centres – Abandoned. 260 promised, only 38 delivered
    26. Take a “meat axe”‘ to the Public Service – 24,000 more public servants and growing!
    27. Murray Darling Basin Plan – back to the drawing board after a wet 2010
    28. 2020 Summit – Meaningless talkfest
    29. Tax Summit – Deferred and downgraded
    30. Population Policy – Sets no targets
    31. Fuel Watch – Abandoned
    32. Grocery Choice – Abandoned
    33. $900 Stimulus cheques – Sent to dead people and overseas residents
    34. Foreign Policy – In turmoil with Rudd running riot
    35. National Schools Solar Program – Closing two years early
    36. Solar Hot Water Rebate – Abandoned
    37. Oceanic Viking – Caved in – big win for taxpayer funded “Asylum-seeker Industry”
    38. GP Super Clinics – 64 promised, only 11 operational
    39. Defence Family Healthcare Clinics – 12 promised, none delivered
    40. Trade Training Centres – 2650 promised, 70 operational
    41. Bid for UN Security Council seat – An expensive Rudd frolic
    42. My School Website – Revamped but problems continue
    43. National Curriculum – States in uproar
    44. Small Business Superannuation Clearing House – 99% of small businesses reject it
    45. Indigenous Housing Program – way behind schedule – tangled in Govt red tape.
    46. Rudd Bank – Went nowhere
    47. Using cheap Chinese fabrics for ADF uniforms – Could not spell – ditched
    48. Innovation Ambassadors Program – junked
    49. Six Submarines – none operational – too noisy when they do sortie – cost $6Bn – The Hon Kim Beazley, AC was the genius Defence Minister I seem to recall.
    50. Debt limit to be increased to $250 billion – to pay for all of the above and much more by us and our grandchildren.

  • reginald

    Astonishing! But I though all hockey-stick shaped graphs were faked?

  • WSH

    Thought I would add this interesting video re a discussion about decade long technical evidence for a “cartel” fixing the gold price.

    [youtube www.youtube.com/watch?v=BZayHI6UtwY&version=3&hl=en_USJames McShirley talks with James Turk

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