Chalmers Couldn't Lie Straight in Bed

[Black Orchid]

Jim Chalmers ... “New numbers out this week show more new businesses were registered last month than in any other month since these records first began in 1999,” he said. “More businesses were created in the month after the budget than in any other month on record.

Naturally he's lying!

“The treasurer is trying to gaslight the public again by saying the increase in company registrations is to do with an improving economy or more businesses being founded,” Mr Wilson said.

“That is 100 per cent incorrect. It’s people moving from trust structures, which will now be taxed at 30 per cent, to company structures, which — unless you have turnover over $50 million — are only taxed at 25 per cent.”

He said the trend was purely a tax minimisation strategy, and that a second reason behind the spike may be everyday Aussies putting their shares into company or trust structures to avoid increased capital gains taxes.

Recent research shows investors who bought the 20 most popular stocks six years ago would pay nearly double the amount of tax under Labor’s changes to capital gains tax.

https://www.news.com.au/finance/economy ... 70130125d5

These idiots need to GO!

Meanwhile we have that despicable smirking smarmy little cretin Bowen who is rorting the public for $4.2 million for accommodation in luxury Fiji resorts.

The Libs had better work things out with Pauline because next election we do NOT want preferences going to Labor. They can hang out with the Greens but no-one else.

[Black Orchid]

Chalmers has been labelled the highest taxing treasurer on record. I wish someone would punch that smug face in too!

Yet another rate rise today because of his wasteful spending. Putting added pressure on young people already struggling. Labor always spends like a drunken sailor.

People losing their houses but who cares? They'll just sell them to the Chinese and Indians.

[Bobby]

https://www.abc.net.au/news/2026-09-29/ ... /107206640


RBA lifts interest rates to highest level in 15 years

By business reporter Gareth Hutchens


The Reserve Bank has lifted interest rates to their highest level in 15 years.

It has increased rates by 0.25 percentage points, which lifts the cash rate target to 4.6 per cent, up from 4.35 per cent.

It will be a blow to home owners with large mortgages. It is also the highest cash rate millions of households have faced since taking on a mortgage after 2011.

But individuals who have high-interest savings accounts will see their savings accruing more interest after today's decision, if their bank applies higher rates to their accounts.

The decision to lift rates was unanimous, with all nine members of the board voting in favour.

[Bobby]

ScoMo over reacted to Covid but that is only one part of the $1 trillion
that the Reserve bank printed.

Simplified version:

The Govt, issues Govt. Bonds and the Reserve bank prints money to pay for them.
They printed $1 trillion and blame everyone else for the inflation.

[Black Orchid]

Jim Chalmers approval rating is minus 16%.

20% of people polled had never heard of him. Good Lord and these people vote?

He (along with many other Labor MPs) has never had a real job. His entire career has been spent in politics.

Disgusting creature he is.

[Bobby]

Jim Chalmers approval rating is minus 16%.

20% of people polled had never heard of him. Good Lord and these people vote?

He (along with many other Labor MPs) has never had a real job. His entire career has been spent in politics.

Disgusting creature he is.

https://www.afr.com/politics/federal/la ... 102-p61a99

Labor’s failure to control spending has added to inflation
Attempts to deflect the blame for higher prices and interest rates on Donald Trump’s war on Iran have worn thin with the electorate.

With markets pricing in a more than 80 per cent chance that the Reserve Bank of Australia will lift the cash rate again on Melbourne Cup Day, the pressure on the Albanese government’s economic management record is intensifying.

Labor’s challenge now is to make belated real savings in the mid-year budget update. That is essential both to cut the excessive government spending that has added to stubborn inflation and to find fiscal headroom to cover the higher cost of servicing public debt in a higher-interest-rate world.

Economists have repeatedly urged Chalmers to help limit inflationary pressures and ease the burden on monetary policy by cutting spending to reduce public demand. It is literally his job to make the economic case for exerting financial control over his ministerial colleagues to help bring inflation sustainably back into the RBA’s 2 to 3 per cent target band.

So far, Chalmers hasn’t had the courage to follow through on his supposed belief in expenditure cuts. Better late than never, but the proof of those convictions will be whether he can finally advocate effectively for budget responsibility so MYEFO delivers genuine, not cosmetic, savings.

[Bobby]

Comment from another forum today.

Albo running off to the Caribbean to Swan around in the tropics pushing his climate change lies.
What a kick in the guts to the average Aussie who's struggling with mortgage repayments and
the costs of living and struggling to feed their kids.
The coward is hiding today while the Reserve Bank looks to increase rates.
All these politicians and bureaucrats lecturing Australians on tightening their belts
while they themselves have their snouts in the trough.

[Bobby]

RBA rate rise today - now 4.85%

If Albo was serious he'd stop hiring more public servants -
I heard that 90% of all new jobs are in the public service or related to Govt contracts
to private industry.
He has created a funny money economy -
making it look good by printing funny money in order that he stays in power -
just like the arse clowns in Zimbabwe.
It will end in a hyperinflation disaster.

[Bobby]

Even people on high wages are in serious financial trouble
trying to pay their mortgages and support their wives and kids.
If they lose their job they are stuffed.