Every time Alan Kohler opens his trap at the ABC "finance report" it's to bash Labor's economic credentials...

I may be wrong here, but that's the impression he gives... In the process he promotes the loopy lying clowns on the other side of politics... Let me say this here again: capitalism in the hands of conservatives is dangerous. 

Alan Kohler who made a few million bucks by selling his financial advice company, is a right wing punter who cannot come to praise anything that Labor does... Labor saved this country from the GFC. This annoys the Liberals (conservatives) not end... The conservatives will poopoo successful "social" programmes because these were not done according to the ultra right wing rule book of "stuff-people-saves-the-cash".

Kohler of course has conflicts of interest as soon as his jolly face appears on the ABC box... He must know this, the ABC must know this... I have noted for example, I could be wrong though I have looked, that the iView repeat of news does not have the Kohker segment in it and goes straight to sports (nearly one boring third of the "news")...

Meanwhile Kohler also pontificates on the Drum... his right-wing slant being more obvious there...

The federal budget is now in the position where it can't grow its way out of deficit. To return to surplus we now need spending reductions or increased taxes, or both, writes Alan Kohler.

The headlines this morning declare that Australia's AAA credit rating is "under threat". Actually they should say something like: "Hooray, the AAA yoke might be thrown off".

Being one of only eight countries with the highest credit rating and a stable outlook is one reason Australia's manufacturing industry is being killed by a high currency: the shortage of AAA bonds globally boosts our investment inflow.

One way to get the currency down and stimulate the economy would be to keep stimulating the economy with government spending until the AAA rating is lost. Growth would be boosted twice.

I'm half joking. Well, maybe just a quarter joking.

...

As a result of this blowout in health expenditure, the budget is now in the position where it can't grow its way out of deficit, which is the shorthand definition of a structural deficit. That means to return to surplus there must be a meaningful fiscal contraction - either spending reductions or increased taxes, or both.

That won't happen this year, that's for sure. We will have to wait for next year, and the traditional tough budget in the first, and maybe second, year of a new government, before it starts spending again in time for the next election.

http://www.abc.net.au/news/2013-04-24/kohler-budgets-and-deficits/4648230

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No, Alan you are completely joking... We all know what's what...

But you have to realise that due to some insidious actors, whenever a Labor party is in for re-election, the business sector "contracts" deliberately to thwart the chances of that party and whenever a liberal party faces re-election, the business sectors runs on high-octane as to tell us things are booming... Nothing to do with the economic situation, just a reaction to the political landscape... Meanwhile the media is 95 per cent bashing Labor on the head while promoting the idiots on the ultra-right wing of politics... I am surprised that Labor still has a base vote of 32 per cent... Under these assaults, one would see 5 per cent as doing extremely well...

Capitalism is a dangerous beast in the hands of the conservatives...