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	<title>Comments on: Households bail out business on dud CPRS</title>
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		<title>By: james mcdonald</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48113</link>
		<dc:creator>james mcdonald</dc:creator>
		<pubDate>Wed, 25 Nov 2009 02:40:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48113</guid>
		<description>Roger Davies I mean, not Roger Clifton</description>
		<content:encoded><![CDATA[<p>Roger Davies I mean, not Roger Clifton</p>
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		<title>By: james mcdonald</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48112</link>
		<dc:creator>james mcdonald</dc:creator>
		<pubDate>Wed, 25 Nov 2009 02:38:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48112</guid>
		<description>Roger Clifton, Thatcher broke the British coal industry because (1) it was a subsidised, nationalised industry that was losing over £700 million a year, (2) the union was the strongest in the country and was able to shut the country down any time it wanted to, (3) British coal was poor quality and more expensive than imported higher quality coal and she wanted free trade. To compare it to the Australian coal industry is ridiculous. If you think you&#039;re going to simply break the backs of the coal companies here, you are in La-La Land and you better find yourself an alpine retreat with a good water supply and a lifetime of canned food.</description>
		<content:encoded><![CDATA[<p>Roger Clifton, Thatcher broke the British coal industry because (1) it was a subsidised, nationalised industry that was losing over £700 million a year, (2) the union was the strongest in the country and was able to shut the country down any time it wanted to, (3) British coal was poor quality and more expensive than imported higher quality coal and she wanted free trade. To compare it to the Australian coal industry is ridiculous. If you think you&#8217;re going to simply break the backs of the coal companies here, you are in La-La Land and you better find yourself an alpine retreat with a good water supply and a lifetime of canned food.</p>
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		<title>By: james mcdonald</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48057</link>
		<dc:creator>james mcdonald</dc:creator>
		<pubDate>Tue, 24 Nov 2009 22:06:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48057</guid>
		<description>Moira, it&#039;s the rise of the Lee Kwan Yew style of government. Don&#039;t like stepping in chewing gum? Two ways to solve it: (1) ban littering, (2) ban chewing gum. There was a time Australians could see the difference, but now people just say, oh, option 2 is more effective.</description>
		<content:encoded><![CDATA[<p>Moira, it&#8217;s the rise of the Lee Kwan Yew style of government. Don&#8217;t like stepping in chewing gum? Two ways to solve it: (1) ban littering, (2) ban chewing gum. There was a time Australians could see the difference, but now people just say, oh, option 2 is more effective.</p>
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		<title>By: Moira Smith</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48047</link>
		<dc:creator>Moira Smith</dc:creator>
		<pubDate>Tue, 24 Nov 2009 19:34:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48047</guid>
		<description>All this, and yet those of us who have the nerve to sit on the pavement outside a cafe smoking a cigarette are about to be banned in the ACT ... because we present a threat to other peoples health. We truly have got our priorities screwed.</description>
		<content:encoded><![CDATA[<p>All this, and yet those of us who have the nerve to sit on the pavement outside a cafe smoking a cigarette are about to be banned in the ACT &#8230; because we present a threat to other peoples health. We truly have got our priorities screwed.</p>
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		<title>By: Barry 09</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48042</link>
		<dc:creator>Barry 09</dc:creator>
		<pubDate>Tue, 24 Nov 2009 16:23:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48042</guid>
		<description>Turnball will lead this liberal party to the next election and will be paying for it. Dog whistles are not cheap any more. They will dump him after they lose.</description>
		<content:encoded><![CDATA[<p>Turnball will lead this liberal party to the next election and will be paying for it. Dog whistles are not cheap any more. They will dump him after they lose.</p>
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		<title>By: Bullmore's Ghost</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48033</link>
		<dc:creator>Bullmore's Ghost</dc:creator>
		<pubDate>Tue, 24 Nov 2009 12:29:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48033</guid>
		<description>^ Roger Davies: Was coal Britain&#039;s largest export item?</description>
		<content:encoded><![CDATA[<p>^ Roger Davies: Was coal Britain&#8217;s largest export item?</p>
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		<title>By: JamesK</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48032</link>
		<dc:creator>JamesK</dc:creator>
		<pubDate>Tue, 24 Nov 2009 12:29:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48032</guid>
		<description>It looks like Malcolm Turnbull is no great leader.
Pity. He is honourable and a conviction politician.
Its his loyalty to the party that&#039;s under question now and he can&#039;t last.

A cut above Rudd but then who isn&#039;t?
Conviction used be a prerequisite in Labor leadership although most of &#039;em loathe him.</description>
		<content:encoded><![CDATA[<p>It looks like Malcolm Turnbull is no great leader.<br />
Pity. He is honourable and a conviction politician.<br />
Its his loyalty to the party that&#8217;s under question now and he can&#8217;t last.</p>
<p>A cut above Rudd but then who isn&#8217;t?<br />
Conviction used be a prerequisite in Labor leadership although most of &#8216;em loathe him.</p>
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		<title>By: Rodger Davies</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-48025</link>
		<dc:creator>Rodger Davies</dc:creator>
		<pubDate>Tue, 24 Nov 2009 11:49:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-48025</guid>
		<description>Maggie Thatcher fought the coal unions long and hard to close down Britain&#039;s coal industry and now they mainly use gas for electricity generation. Our coal industry is apparently essential to all our wellbeings, according to those who listen to the lobbyists and the Institute of Public Affairs. The sooner it is closed down the sooner we can get on with 21st century power generation. The businessmen running it are only interested in wringing every last dollar out of coal regardless of the consequences.</description>
		<content:encoded><![CDATA[<p>Maggie Thatcher fought the coal unions long and hard to close down Britain&#8217;s coal industry and now they mainly use gas for electricity generation. Our coal industry is apparently essential to all our wellbeings, according to those who listen to the lobbyists and the Institute of Public Affairs. The sooner it is closed down the sooner we can get on with 21st century power generation. The businessmen running it are only interested in wringing every last dollar out of coal regardless of the consequences.</p>
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		<title>By: jeebus</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47996</link>
		<dc:creator>jeebus</dc:creator>
		<pubDate>Tue, 24 Nov 2009 08:13:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47996</guid>
		<description>It seems unjust and anti-competitive that the government would cut the popular solar investment subsidy program for regular people, only to announce these much larger subsidies for power companies and miners.

Also, where is the investment money for creating a smart grid to make the inevitable transition away from fossil fuels?

We need a grid that can shift and accommodate loads when millions of batteries (vehicles) are plugged in. One that also allows people to sell the power they generate for a competitive price, as they do in Spain.

 Such a great opportunity for reform appears spoiled by naked corporatism.</description>
		<content:encoded><![CDATA[<p>It seems unjust and anti-competitive that the government would cut the popular solar investment subsidy program for regular people, only to announce these much larger subsidies for power companies and miners.</p>
<p>Also, where is the investment money for creating a smart grid to make the inevitable transition away from fossil fuels?</p>
<p>We need a grid that can shift and accommodate loads when millions of batteries (vehicles) are plugged in. One that also allows people to sell the power they generate for a competitive price, as they do in Spain.</p>
<p> Such a great opportunity for reform appears spoiled by naked corporatism.</p>
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		<title>By: Glen Beck</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47992</link>
		<dc:creator>Glen Beck</dc:creator>
		<pubDate>Tue, 24 Nov 2009 08:10:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47992</guid>
		<description>If climate skeptics are right this CPRS will be a massive waste of money and achieve nothing, 

Of they are wrong the tempratures will likely change very little and nothing bad will happen. 

If the government is right, they will create a massive new tax on consumers, then tax us further by handing out tax dollars to major comapanies to pay for this massive new tax that will likely have little to no effect on the climate. 

If they are wrong we are stuck with the tax, stuck with our tax dollars going to large companies for something that dosnt exist. 



Why the fuck did we choose cap and trade. Tax Carbon at the source, at least we can erase this system if everybody is wrong. Cap and Tax was the only way. 

remember our prime minister hated neo-liberals and free market economics, then he imposes a massive new financial centre for free markets to plunder. 

Im begging that parliament gets hit by a meteor and we can elect some new scum bags, cause these ones are suck badley.</description>
		<content:encoded><![CDATA[<p>If climate skeptics are right this CPRS will be a massive waste of money and achieve nothing, </p>
<p>Of they are wrong the tempratures will likely change very little and nothing bad will happen. </p>
<p>If the government is right, they will create a massive new tax on consumers, then tax us further by handing out tax dollars to major comapanies to pay for this massive new tax that will likely have little to no effect on the climate. </p>
<p>If they are wrong we are stuck with the tax, stuck with our tax dollars going to large companies for something that dosnt exist. </p>
<p>Why the fuck did we choose cap and trade. Tax Carbon at the source, at least we can erase this system if everybody is wrong. Cap and Tax was the only way. </p>
<p>remember our prime minister hated neo-liberals and free market economics, then he imposes a massive new financial centre for free markets to plunder. </p>
<p>Im begging that parliament gets hit by a meteor and we can elect some new scum bags, cause these ones are suck badley.</p>
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		<title>By: Darren Holmes</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47983</link>
		<dc:creator>Darren Holmes</dc:creator>
		<pubDate>Tue, 24 Nov 2009 07:43:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47983</guid>
		<description>If the climate change sceptics are right, we will waste billions with this scheme. If they are wrong, and that seems to be the balance of probability and certainly opinion, we will waste a lot more. A chance at a better future.</description>
		<content:encoded><![CDATA[<p>If the climate change sceptics are right, we will waste billions with this scheme. If they are wrong, and that seems to be the balance of probability and certainly opinion, we will waste a lot more. A chance at a better future.</p>
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		<title>By: AR</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47982</link>
		<dc:creator>AR</dc:creator>
		<pubDate>Tue, 24 Nov 2009 07:41:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47982</guid>
		<description>Can Krudd really be so Machiavellian as to 
1) lure Turncoat into a deal which will a) lose him his own position to the nasty lurkers of the Party room and (b) destroy any chance of intelligent life evolving in, or joining, the Party for a couple of generations
2) lose the tories the election in disgust at their pusillanimity and ineffectuality
3) so depress &amp; dismay anyone of more than double digit IQ that they&#039;ll retreat from the electoral system to grow carrots and forage in the wilderness
4) ensure that when the faeces intercaces with the air movement devices, the BigBoy$ will look after him?
Or, who cares, they are all as bad as each other and we have only ourselves to blame for decades of wilful lotus-eating.
Whomsoever one votes for, the Government ALWAYS wins.</description>
		<content:encoded><![CDATA[<p>Can Krudd really be so Machiavellian as to<br />
1) lure Turncoat into a deal which will a) lose him his own position to the nasty lurkers of the Party room and (b) destroy any chance of intelligent life evolving in, or joining, the Party for a couple of generations<br />
2) lose the tories the election in disgust at their pusillanimity and ineffectuality<br />
3) so depress &amp; dismay anyone of more than double digit IQ that they&#8217;ll retreat from the electoral system to grow carrots and forage in the wilderness<br />
4) ensure that when the faeces intercaces with the air movement devices, the BigBoy$ will look after him?<br />
Or, who cares, they are all as bad as each other and we have only ourselves to blame for decades of wilful lotus-eating.<br />
Whomsoever one votes for, the Government ALWAYS wins.</p>
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		<title>By: JamesK</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47968</link>
		<dc:creator>JamesK</dc:creator>
		<pubDate>Tue, 24 Nov 2009 07:05:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47968</guid>
		<description>Well Mr. Denmore is no voice of sanity in the God-forsaken&#039; wilderness that is post Communist progressive leftist liberal mass dystopic insanity is he?

A Matrix-Morphean welcome to the Desert of the Real:

&quot;The insanity has took root in most democracies of the the Western Cultural Tradition in the early part of the 21st century.

We don&#039;t know who struck first, us or them. But we do know it was us that moved to vote the insanity in. 

At the time, we had cheap coal fired power.

Left became right and up became down.  

In the world down under ‘smug sycophant’ Denmores ran counter-intelligent diversionary confusion to Rudd&#039;s blind &#039;big bully&#039;. 
Whilst topside Rudd in turn ran &#039;smug sycophant&#039; to the UN&#039;s &#039;big bully&#039;. 

The economy ran self-righteously, determinedly and lemming like toward the precipice.

Were it not for Tony Abbott, Andrew Robb and Nick Minchin the UN would have had its evil way; civilization would have been uninvented and free peoples everywhere would finally have been ruled in their best interests and become the sheeple that all leftists truly always have been at heart.&quot;

I like happy endings....</description>
		<content:encoded><![CDATA[<p>Well Mr. Denmore is no voice of sanity in the God-forsaken&#8217; wilderness that is post Communist progressive leftist liberal mass dystopic insanity is he?</p>
<p>A Matrix-Morphean welcome to the Desert of the Real:</p>
<p><span class="dquo">&#8220;</span>The insanity has took root in most democracies of the the Western Cultural Tradition in the early part of the 21st century.</p>
<p>We don&#8217;t know who struck first, us or them. But we do know it was us that moved to vote the insanity in. </p>
<p>At the time, we had cheap coal fired power.</p>
<p>Left became right and up became down.  </p>
<p>In the world down under ‘smug sycophant’ Denmores ran counter-intelligent diversionary confusion to Rudd&#8217;s blind &#8216;big bully&#8217;.<br />
Whilst topside Rudd in turn ran &#8216;smug sycophant&#8217; to the UN&#8217;s &#8216;big bully&#8217;. </p>
<p>The economy ran self-righteously, determinedly and lemming like toward the precipice.</p>
<p>Were it not for Tony Abbott, Andrew Robb and Nick Minchin the UN would have had its evil way; civilization would have been uninvented and free peoples everywhere would finally have been ruled in their best interests and become the sheeple that all leftists truly always have been at heart.&#8221;</p>
<p>I like happy endings&#8230;.</p>
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		<title>By: Venise Alstergren</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47965</link>
		<dc:creator>Venise Alstergren</dc:creator>
		<pubDate>Tue, 24 Nov 2009 06:58:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47965</guid>
		<description>SHEPHERD MARILYN: Sorry my friend but you are the one who doesn&#039;t get it. Living, as we do, in a democracy, the only way we can get the general public to modify their behaviour-here I&#039;m not talking about the people who read Crikey-is to force change upon them, which us why clone upon clone of footy lovers clutter the landscape, why we tolerate fifth-rate architecture, why state governments refuse to instigate fire-proof housing in bush-fire prone neighbourhoods.

Most of all it means why the Australian people have generation after generation, after generation of politicians who would be hard-pressed to run a chook raffle. In case you hadn&#039;t noticed, the politicians of Oz are almost exclusively drawn from the ranks of the legal fraternity. People who are trained to say NO!The sun may be shining on an early Summer day. Say to a lawyer &#039;Isn&#039;t it a lovely day?&#039; He or she will say no.

What we are seeing at present in parliament is a gigantic eight-ring circus, where the clowns are suddenly being re-engineered at a rate to make the Sorceror&#039;s apprentice look like an amateur. Chaos is what is happening right now, with the awesome sight of the Liberal Party feeding on its own tail at a speed which is barely ahead of its own head. As a side issue we have the Greens who are always way ahead of the populace about seeing the true path to be taken, but have a devastating habit of remaining stationary because they invariably field the least able candidates. The National Party, who, fundamentally, are the most honest Party in politics. All they want is &#039;The Lot&#039;,  and they&#039;ve never pretended otherwise.

Then we have the Lion-tamers, who&#039;ve been practising on kittens. For the fist time in Oz parliamentary history the Labor Party finds itself in almost complete mastery of the political process, and they are determined to remain there, no matter how much of the tax-payers money they have to shell out to big business, churches, anyone whose vote means more en bloc than any individual.

Bernard Keane&#039;s only crime is that, when faced with all of the above, he resorts to despair.

You judge him far too harshly.</description>
		<content:encoded><![CDATA[<p>SHEPHERD MARILYN: Sorry my friend but you are the one who doesn&#8217;t get it. Living, as we do, in a democracy, the only way we can get the general public to modify their behaviour-here I&#8217;m not talking about the people who read Crikey-is to force change upon them, which us why clone upon clone of footy lovers clutter the landscape, why we tolerate fifth-rate architecture, why state governments refuse to instigate fire-proof housing in bush-fire prone neighbourhoods.</p>
<p>Most of all it means why the Australian people have generation after generation, after generation of politicians who would be hard-pressed to run a chook raffle. In case you hadn&#8217;t noticed, the politicians of Oz are almost exclusively drawn from the ranks of the legal fraternity. People who are trained to say NO!The sun may be shining on an early Summer day. Say to a lawyer &#8216;Isn&#8217;t it a lovely day?&#8217; He or she will say no.</p>
<p>What we are seeing at present in parliament is a gigantic eight-ring circus, where the clowns are suddenly being re-engineered at a rate to make the Sorceror&#8217;s apprentice look like an amateur. Chaos is what is happening right now, with the awesome sight of the Liberal Party feeding on its own tail at a speed which is barely ahead of its own head. As a side issue we have the Greens who are always way ahead of the populace about seeing the true path to be taken, but have a devastating habit of remaining stationary because they invariably field the least able candidates. The National Party, who, fundamentally, are the most honest Party in politics. All they want is &#8216;The Lot&#8217;,  and they&#8217;ve never pretended otherwise.</p>
<p>Then we have the Lion-tamers, who&#8217;ve been practising on kittens. For the fist time in Oz parliamentary history the Labor Party finds itself in almost complete mastery of the political process, and they are determined to remain there, no matter how much of the tax-payers money they have to shell out to big business, churches, anyone whose vote means more en bloc than any individual.</p>
<p>Bernard Keane&#8217;s only crime is that, when faced with all of the above, he resorts to despair.</p>
<p>You judge him far too harshly.</p>
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		<title>By: Max</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47963</link>
		<dc:creator>Max</dc:creator>
		<pubDate>Tue, 24 Nov 2009 06:50:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47963</guid>
		<description>Wow, Rudd sells our future and the climate down the river and he looks like a environmental hero thanks to the climate lunatics in the Coalition.  And the media fails big time (Bernard exempted).

The coal lobby is still speaking louder than the climate movement.  We need people to show Rudd and co that it isn&#039;t good enough.  

Walk Against Warming is being held on 12 December this year, mid way through the Copenhagen talks.  I hope there is a big turnout to show both major parties that these pathetic climate policies are an electoral loser in the long run.  
www.walkagainstwarming.org

What happens in a couple of years when the CPRS has done NOTHING to cut emissions and climate change is becoming more manifest?  Oh, yeah it is all locked in and if we try to change it we&#039;ll be sucked dry again by the rent seeking polluters demanding more compo.  Nice policy work ALP.  Following the great work of your NSW branch with the Cross City Tunnel and alike.</description>
		<content:encoded><![CDATA[<p>Wow, Rudd sells our future and the climate down the river and he looks like a environmental hero thanks to the climate lunatics in the Coalition.  And the media fails big time (Bernard exempted).</p>
<p>The coal lobby is still speaking louder than the climate movement.  We need people to show Rudd and co that it isn&#8217;t good enough.  </p>
<p>Walk Against Warming is being held on 12 December this year, mid way through the Copenhagen talks.  I hope there is a big turnout to show both major parties that these pathetic climate policies are an electoral loser in the long run.<br />
<a href="http://www.walkagainstwarming.org" rel="nofollow">http://www.walkagainstwarming.org</a></p>
<p>What happens in a couple of years when the CPRS has done NOTHING to cut emissions and climate change is becoming more manifest?  Oh, yeah it is all locked in and if we try to change it we&#8217;ll be sucked dry again by the rent seeking polluters demanding more compo.  Nice policy work ALP.  Following the great work of your NSW branch with the Cross City Tunnel and alike.</p>
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		<title>By: Barry 09</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47949</link>
		<dc:creator>Barry 09</dc:creator>
		<pubDate>Tue, 24 Nov 2009 06:20:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47949</guid>
		<description>The Rat and Smirk only paid off the debt $96  Billion by selling off $250 Billion in our  assets.But still left $50+ Billion Debt when they were Kicked out in 07. Jamie k ,cossie reduced tax for the wealthy. Jamiek, are you really piers ? and  Mama must be the Bolt wanker.</description>
		<content:encoded><![CDATA[<p>The Rat and Smirk only paid off the debt $96  Billion by selling off $250 Billion in our  assets.But still left $50+ Billion Debt when they were Kicked out in 07. Jamie k ,cossie reduced tax for the wealthy. Jamiek, are you really piers ? and  Mama must be the Bolt wanker.</p>
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		<title>By: Mr Denmore</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47940</link>
		<dc:creator>Mr Denmore</dc:creator>
		<pubDate>Tue, 24 Nov 2009 05:59:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47940</guid>
		<description>James K, Costello didn&#039;t do anything but introduce a GST. He sold himself as the great reformer, but all the difficult decisions were made by Hawke and Keating. 

As to debt, who says that is bad?? We have just been through the biggest global economic crisis since the 1930s. Most governments are running debt-to-gdp ratios of 70, 80, 90 per cent or more. Ours is less than 5 per cent.  Both the RBA and Treasury have endorsed the approach taken by the Rudd government.

Costello had China to thank for the relative soundness of our fiscal position pre-2008. But if he had the guts to take on Howard from the left, directed some of that windfall into investing in infrastructure and convinced the doubters in the coalition to do something practical about climate change, we might not be having this ridiculous debate now.

Instead, the Liberal Party is being run by a bunch of redneck hillbillies, heads-in-the-sand medievalists and still-fighting-the-last war paranoid culture warriors who see those mobilising for real action on climate changes as part of some communist conspiracy.

Costello did nothing, achieved nothing and failed to live up to his principles.</description>
		<content:encoded><![CDATA[<p>James K, Costello didn&#8217;t do anything but introduce a GST. He sold himself as the great reformer, but all the difficult decisions were made by Hawke and Keating. </p>
<p>As to debt, who says that is bad?? We have just been through the biggest global economic crisis since the 1930s. Most governments are running debt-to-gdp ratios of 70, 80, 90 per cent or more. Ours is less than 5 per cent.  Both the RBA and Treasury have endorsed the approach taken by the Rudd government.</p>
<p>Costello had China to thank for the relative soundness of our fiscal position pre-2008. But if he had the guts to take on Howard from the left, directed some of that windfall into investing in infrastructure and convinced the doubters in the coalition to do something practical about climate change, we might not be having this ridiculous debate now.</p>
<p>Instead, the Liberal Party is being run by a bunch of redneck hillbillies, heads-in-the-sand medievalists and still-fighting-the-last war paranoid culture warriors who see those mobilising for real action on climate changes as part of some communist conspiracy.</p>
<p>Costello did nothing, achieved nothing and failed to live up to his principles.</p>
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		<title>By: CG</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47933</link>
		<dc:creator>CG</dc:creator>
		<pubDate>Tue, 24 Nov 2009 05:46:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47933</guid>
		<description>The evidence from Europe is that free permits don&#039;t stop the carbon price from flowing through to the consumer.  The EU-ETS initially provided 100% grandfathering of permits to firms, and they simply passed the full cost on.  Consequently, if what you&#039;re after is a scheme that is environmentally sound, the number of free permits or other assistance is not relevant.  (mind you, if you resent the idea of windfall gains for big polluters, then still feel free to get annoyed about the extra compensation).

Point is that the scheme is no less environmentally credible today than it was yesterday.  The problem, from the environment&#039;s perspective, is that the target remains at 5%.  There is the argument, that said, that if Rudd&#039;s right that an Australian scheme will give the international negotiations impetus, and that the target under the scheme will only go up to 15% or 25% if there&#039;s a strong international agreement, then it follows that the amendments today may actually yield an environmentally stronger scheme.

As I say, though, its still ok to get angry about the windfall gains for the foreign-owned polluters.</description>
		<content:encoded><![CDATA[<p>The evidence from Europe is that free permits don&#8217;t stop the carbon price from flowing through to the consumer.  The EU-ETS initially provided 100% grandfathering of permits to firms, and they simply passed the full cost on.  Consequently, if what you&#8217;re after is a scheme that is environmentally sound, the number of free permits or other assistance is not relevant.  (mind you, if you resent the idea of windfall gains for big polluters, then still feel free to get annoyed about the extra compensation).</p>
<p>Point is that the scheme is no less environmentally credible today than it was yesterday.  The problem, from the environment&#8217;s perspective, is that the target remains at 5%.  There is the argument, that said, that if Rudd&#8217;s right that an Australian scheme will give the international negotiations impetus, and that the target under the scheme will only go up to 15% or 25% if there&#8217;s a strong international agreement, then it follows that the amendments today may actually yield an environmentally stronger scheme.</p>
<p>As I say, though, its still ok to get angry about the windfall gains for the foreign-owned polluters.</p>
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		<title>By: JamesK</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47929</link>
		<dc:creator>JamesK</dc:creator>
		<pubDate>Tue, 24 Nov 2009 05:39:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47929</guid>
		<description>Jeez I forgot. Costello reduced taxes.

But then Mr. Denmore knows that&#039;s a bad thing. Right?</description>
		<content:encoded><![CDATA[<p>Jeez I forgot. Costello reduced taxes.</p>
<p>But then Mr. Denmore knows that&#8217;s a bad thing. Right?</p>
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		<title>By: JamesK</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47927</link>
		<dc:creator>JamesK</dc:creator>
		<pubDate>Tue, 24 Nov 2009 05:35:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47927</guid>
		<description>The Howard-Costello government paid of a $96 billion Commonwealth debt.

Costello increased the birth rate to closer to replacement levels.

Costello set aside $60 billion to meet the future cost of public sector superannuation.

Costello left Rudd $20 - 30 billion for Rudd to splurge.

Even so Rudd has now a Commonwealth debt of twice the debt that the Howard-Costello government inherited.

All in less than 2 years.

&lt;em&gt;[Edit]&lt;/em&gt;</description>
		<content:encoded><![CDATA[<p>The Howard-Costello government paid of a $96 billion Commonwealth debt.</p>
<p>Costello increased the birth rate to closer to replacement levels.</p>
<p>Costello set aside $60 billion to meet the future cost of public sector superannuation.</p>
<p>Costello left Rudd $20 - 30 billion for Rudd to splurge.</p>
<p>Even so Rudd has now a Commonwealth debt of twice the debt that the Howard-Costello government inherited.</p>
<p>All in less than 2 years.</p>
<p><em>[Edit]</em></p>
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		<title>By: thirdborn314</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47922</link>
		<dc:creator>thirdborn314</dc:creator>
		<pubDate>Tue, 24 Nov 2009 05:28:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47922</guid>
		<description>This is not a level playing field for business - there shouldn&#039;t be any handouts whatsoever, if small business can deal with price rises then so should big business. We all have to comply with other legislation such as OH&amp;S so why need keep the playing field level.</description>
		<content:encoded><![CDATA[<p>This is not a level playing field for business - there shouldn&#8217;t be any handouts whatsoever, if small business can deal with price rises then so should big business. We all have to comply with other legislation such as OH&amp;S so why need keep the playing field level.</p>
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		<title>By: Mr Denmore</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47908</link>
		<dc:creator>Mr Denmore</dc:creator>
		<pubDate>Tue, 24 Nov 2009 04:52:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47908</guid>
		<description>&quot;Considering Labor super funds are majority shareholders in these “carbon-producing mates” this is little more than a stupid, ill-informed, typically Marxist rant.

Rudd had no money to pledge if it wasn’t for the previous governments prudence.&quot;

Firstly, the listed coal producers are owned by a diverse group of shareholders, including large institutions. How you can claim otherwise is mystifying.

Secondly, to describe the previous government&#039;s counter-cyclical splurging of resource boom-driven tax take as prudent betrays your own economic ignorance.

The Howard-Costello government surfed an unprecedented boom and sprayed money around indiscriminately buying off rich superannuatants and other fatcat rent-seekers.

Now your redneck, medieval mates are pandering to the biggest polluters and an economically insignifcant rural rump.</description>
		<content:encoded><![CDATA[<p><span class="dquo">&#8220;</span>Considering Labor super funds are majority shareholders in these “carbon-producing mates” this is little more than a stupid, ill-informed, typically Marxist rant.</p>
<p>Rudd had no money to pledge if it wasn’t for the previous governments prudence.&#8221;</p>
<p>Firstly, the listed coal producers are owned by a diverse group of shareholders, including large institutions. How you can claim otherwise is mystifying.</p>
<p>Secondly, to describe the previous government&#8217;s counter-cyclical splurging of resource boom-driven tax take as prudent betrays your own economic ignorance.</p>
<p>The Howard-Costello government surfed an unprecedented boom and sprayed money around indiscriminately buying off rich superannuatants and other fatcat rent-seekers.</p>
<p>Now your redneck, medieval mates are pandering to the biggest polluters and an economically insignifcant rural rump.</p>
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		<title>By: Most Peculiar Mama</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47900</link>
		<dc:creator>Most Peculiar Mama</dc:creator>
		<pubDate>Tue, 24 Nov 2009 04:44:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47900</guid>
		<description>&quot;...Strangely, the fiscal warriors in the Coalition see no issue with government handouts if they are being used to bribe their carbon-producing mates...&quot;

Considering Labor super funds are majority shareholders in these &quot;carbon-producing mates&quot; this is little more than a stupid, ill-informed, typically Marxist rant.

Rudd had no money to pledge if it wasn&#039;t for the previous governments prudence.</description>
		<content:encoded><![CDATA[<p><span class="dquo">&#8220;</span>&#8230;Strangely, the fiscal warriors in the Coalition see no issue with government handouts if they are being used to bribe their carbon-producing mates&#8230;&#8221;</p>
<p>Considering Labor super funds are majority shareholders in these &#8220;carbon-producing mates&#8221; this is little more than a stupid, ill-informed, typically Marxist rant.</p>
<p>Rudd had no money to pledge if it wasn&#8217;t for the previous governments prudence.</p>
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		<title>By: JamesK</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47897</link>
		<dc:creator>JamesK</dc:creator>
		<pubDate>Tue, 24 Nov 2009 04:40:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47897</guid>
		<description>Households bail out business on dud CPRS says Bernard Keane.

Is that just households who will now not lose the 24/7 reliable source of electricity from the power grid if the Liberal Party room back Rudd&#039;s offer? 

Or will off grid solar and wind powered households have to pay as well?

Because that wouldn&#039;t be fair would it?</description>
		<content:encoded><![CDATA[<p>Households bail out business on dud CPRS says Bernard Keane.</p>
<p>Is that just households who will now not lose the 24/7 reliable source of electricity from the power grid if the Liberal Party room back Rudd&#8217;s offer? </p>
<p>Or will off grid solar and wind powered households have to pay as well?</p>
<p>Because that wouldn&#8217;t be fair would it?</p>
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		<title>By: Mr Denmore</title>
		<link>http://www.crikey.com.au/2009/11/24/households-bail-out-business-on-dud-cprs/#comment-47886</link>
		<dc:creator>Mr Denmore</dc:creator>
		<pubDate>Tue, 24 Nov 2009 04:13:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.crikey.com.au/?p=100593#comment-47886</guid>
		<description>The other forgotten issue here is the impact of all this unnecessary largesse on the budget bottom line. Strangely, the fiscal warriors in the Coalition see no issue with government handouts if they are being used to bribe their carbon-producing mates.

So we end up with a CPRS that fails to do anything significant about global warming, while buggering up the budget.</description>
		<content:encoded><![CDATA[<p>The other forgotten issue here is the impact of all this unnecessary largesse on the budget bottom line. Strangely, the fiscal warriors in the Coalition see no issue with government handouts if they are being used to bribe their carbon-producing mates.</p>
<p>So we end up with a CPRS that fails to do anything significant about global warming, while buggering up the budget.</p>
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