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I have been arguing for years that carbon trading schemes are virtually Ponzi schemes that are bound to collapse and the European scheme certainly seems to be following the script that I imagined. The fringe benefit of this is clearly watching the Australian Labor Party making even greater fools of themselves every time their “fixed price” Carbon tax rises as it is scheduled to do in June. If our “Carbon price” is already many times the price of European traded value imagine the pain felt by Labor when the carbon tax rises and the European price falls yet again as I think it will.
So I ask again does anyone seriously think that, after the election, any Labor MP or senator will inflict further pain upon the greatly depleted party by opposing the repeal of this ludicrous carbon tax and all of its accompanying administrative apparatus?
The party is a laughing stock now so just imagine how silly it will look standing up for the tax that has utterly destroyed its credibility.
I have repeatedly suggested that when it comes to repealing the carbon tax that the ALP will not be at all obstructive in the upper house because they will have to concede that Tony Abbott will have a mandate to do this. Now I find in today’s Oz the same suggestion from Tony Abbott himself:
My friends from the left have been fooling themselves if they think that the incoming government will not be true to their word, after all being untruthful to the electorate is what will be buying Labor’s very long lease on their wilderness accommodation…
No matter which side of politics you barrack for you have to be delighted to see the continued decline of Greens. They have done thing with amazing clarity during the reign of the Gillard government and that is to prove just how ill suited their brand of hand wringing holier than thou politicking is to any role in the government process thanks to them and their fellow travellers in the Labor party we have an absolutely dysfunctional border/immigration policy. A carbon tax that is almost universally loathed, we have the ludicrous situation of a mining tax that co0llects no revenue, We have been assailed with a long running and always futile campaign for Gay marriage. Yep the Greens have been such a hit with the voting public that their support has, well plummeted…
Perhaps we need a new nation wide “plant a Green” campaign to finally rid the nation of the scourge to good governance, after all they do advocate for euthanasia don’t they ?
With tongue very firmly in my cheek Comrades…
- Gillard’s stocks continue to rise (theage.com.au)
- Labor in the toilet still (iainhall.wordpress.com)
- ALP future bleak: Tanner (theage.com.au)
- Essential: fired-up Gillard gets a poll bounce – from men (crikey.com.au)
On another thread, resident leftie Brian reckoned:
The industrial sector in this country is just about dead in the water, manufacturing is not far behind.
Could the carbon tax have contributed to this? Labor is also killing the fishing industry and the cattle export market. Is there any industry, other than the imaginary ‘pie in the sky’ green industry, that Labor has helped rather than exacerbating?
Labor destroys initiative, Labor breaks down aspiration and replaces it with desperation.
Wyatt Roy, Australia’s youngest member of parliament recognises this and takes a great swerve at the socialist and destructive Labor party that is currently losing control of our economy and governance.
Enjoy the eloquence of a future leader.
In another place I have been discussing the level of respect afforded to our current PM and I have been making the argument that ours is a rather informal society and that our leaders themselves promote that informality. No one in the United States would dare address a sitting or former President by their first name unless they were specifically invited to do so because they have a long tradition of revering the office of president itself. Here in this country it is entirely alien to genuflect to our leaders in any way at all. Frankly I think that it makes our leaders much more grounded that the ordinary people wont stand for the sort of obsequious deference that is common elsewhere.
But I will draw readers attention to the deliberate lie at the end of Julia’s missive> where she tells me that the 9% rise in electricity prices is “fully compensated” maybe for those individuals who are under a certain threshold there is “compensation” but there are many Australians who don’t qualify for this largess who will be paying that extra 9% without a single cent of “compensation” So I ask you dear readers how can our PM be believed when she claims that the rise Is “fully compensated”?
Oh yeah that’s right we can believe her because she did give us that sincere promise before the last election “there will be no Carbon Tax under a government that I lead” Yeah well its obvious that she is just continuing in the same vein in all of her other political pronouncements and that we can expect the most convoluted semantic gymnastics from Julia and her barrackers . Now if only semantic gymnastics were an Olympic event then this country would have wall to wall Gold thanks entirely to Julia Gillard.
- PM Julia Gillard Seeks Overhaul of Australia’s Electricity Supply Market (ibtimes.com)
- No carbon tax lift for ALP – Newspoll (bigpondnews.com)
- Carbon tax won’t effect Sunday, Gillard (bigpondnews.com)
- No lift for ALP after carbon tax hand-outs (news.smh.com.au)
- Aus: Voters desert carbon tax (junkscience.com)
- Abbott Insists Aussies Still Fear Carbon Tax (ibtimes.com)
- Rhetoric continues as carbon tax hits (bigpondnews.com)
- Coalition Advises Julia Gillard: ‘Repeal Carbon Tax to Bring Down Electricity Cost’ (ibtimes.com)
- PM Julia Gillard seeks overhaul of Australia’s electricity supply market (eco-business.com)
- Obama: ‘I’m not the president of black America’ (thegrio.com)
I’ve always been impressed with the skill of ‘climate scientists’. Particularly when it comes to graphs. The first that comes to mind is of course that famous ‘hockey stick’ curve. And what a curve (ball) it was. Despite being shown to ‘hide the decline’ and be completely fabricated, it nonetheless captured the hearts and minds of the warmist brigade.
So it’s no surprise that I find myself in the same enthrall of some recently revealed data.
Apparently Australia’s plethora of Silver, and not Gold, Medals won in the London Olympics, isn’t due to a lack of training, or a surfeit of tweeting but something far more noxious.
It’s the Carbon Tax, Labor’s tax on carbon dioxide, that’s worrying our Olympians. They’re afraid to breathe in or out, lest they rack up a carbon dioxide debt upon returning home.
This graph proves that.
The thing about Ponzi schemes is that they all eventually collapse as the market runs out of idiots who believe the over inflated claims about their efficacy and their ability to give their promised returns. Its the same with government sponsored “carbon trading” regimes which function on trying to create a “market based mechanism” to control the emissions from the burning of fossil fuel. Even if I were a believer in the AGW theory I would be baulking at schemes such as these because they are just too vague and abstract and they carry the clear potential to do nothing about emissions and worse still to enrich the undeserving Spivs and Shonks who just love them. After all what these schemes are is another derivatives market that is entirely disconnected from any real or objective commodity. Its the perfect vehicle for making a quick and very large profit.
Here in Oz we have the much hated Carbon dioxide tax that is due to morph into an expensive trading scheme in 2014 its creators have predicated their scheme upon a cost per tonne that has essentially been plucked from the air however the market value of this ah hem, “commodity” is significantly below the AUD$23 per tonne that the Gillard scheme has as its starting point:
The European experience should tell us something important here and that is the expensive futility of such indirect mechanisms to “control” the emission of CO2 by our industry. The only bright spot in this rather hazy and gloomy picture is the fact that the Coalition offers a definitive undertaking to dismantle the whole thing when they gain the lodge. It won’t be easy and we can already hear the screams and protestations of the Green unwashed. But it will be done, all that is needed to make the death of Gillard’s Climatechoices even more palatable would be if the oppositions so called alternative emissions reduction scheme was to likewise be consigned to the dustbin of history. Its clearly better than the Ponzi scheme envisioned by Labor and the Greens but that is only because the things they propose may have some benefit to the environment in other ways like improving soil quality and tree cover. Saving the money by not jumping into more futile attempts to mitigate emissions would also make it easier to retain some of the over generous “compensation” like the laudable rise in the tax free threshold or increases in pensions.
Gillard has counted on the bribes she has offered to the voters to make her bitter scheme palatable but the polls are clearly showing that the voters are unimpressed . Team Labor are definitely in the death zone here and who is really surprised?They are burdened with a leader who is too stubborn to admit that her gamble that the Carbon Tax would be accepted by the public has not and will not give her a pay off and now her stake on the table is too small for her to possibly win the next round of the game, The odds have become so bad that even going to another leader won’t save Team Labor.In any event who among their number would want to go down in history for leading them to their worst defeat in the history of the party?
- Abbott won’t dump carbon tax: Gillard
- Australia kicks off carbon [dioxide] tax, PM’s future in doubt – large composite posting
- Tony Abbott says carbon tax just bad socialism
- Lenore Taylor: Poll reveals hostility to carbon plans
- Carbon tax judgment day
- Australian PM campaigns to sell unpopular carbon tax
- Carbon tax dislike ‘can be turned around’
I feel sorry for those people of the left who really wanted Gillard to succeed, even if the only reason that they have now is that Julia is not Tony. Even if they are wilfully blind to the failures of this government and they insist on not seeing the bus loaded with electoral explosives across the tracks towards which the Labor train is speeding towards at full throttle. When it happens it will be a very big bang indeed and the carnage will be far from pretty to add insult to injury Gillard herself may end up retaining her seat and you can bet that if she does that she won’t stay in the parliament in the wake of such a humiliating defeat so the party will be humiliated again at the subsequent by-election.
Well there is some good news for your common or garden variety Labor tragic and it is that the party has a plan:
Now if only they had had a plan for good government rather than the spectacular implosion that back-flipping on that infamous “there will be no carbon tax under a government I lead” promise maybe then the true believers would have reason for hope rather than despair at this point in time but as it stands now I fear that there is no hope for Labor in government and even less reasons to believe that they will learn the lessons of the failure with the urgency that their thrashing should inspire.
- Labor The Next Generation (iainhall.wordpress.com)
- Julia Gillard, the self inflicted wedgie and advertising buggery (iainhall.wordpress.com)
- Gillard puts reform ahead of popularity (news.theage.com.au)
- Flopping fish, the Rudd revival show, and the spectres of the past present and the future (iainhall.wordpress.com)
- Gillard’s “Climatechoices” begins today (iainhall.wordpress.com)