A world in economic crisis

Everything Old is New Again

Posted in ALP, Australia, Gough Whitlam, welfare state by Aussie on March 15, 2010

There is something strange going on at the moment. For the first time in my lifetime, the USA is on the brink of being forced into Marxism. I am not going to beat around the bush, and I will name the beast as Marxism. What is so strange is that this is like deja vu, but only as it relates to Australian politics. The issue is precisely the same one that was controversial in Australia in 1973 – universal health cover. There were other issues, such as the out of control spending of the Whitlam government, that also seem to be reflected in everything that is going down in the USA. Or so it seems, because it is like “everything old is new again”, just like in that song…..

As I continue my topics, I hope to be able to find information off the Internet that will shed light on the Whitlam years in Australia, and I hope without the hysterics that surround some of the situations that arose at the time. I remember the Whitlam government because I was on the brink of adulthood and I was studying economics and related subjects during the Whitlam years. I remember the whirlwind of spending – health, welfare, education, regional development… and the list goes on. I remember the scandals that erupted, and the final one – the Kemlanhi affair – that in the end helped to bring down the Whitlam government. I remember the fuss when the Opposition parties in the Senate withheld Supply, which brought on the last crisis that culminated in the sacking of the Whitlam Government by the Governor General. I remember the public servants getting their knickers in a twist with all of their protests over the “sacking”. In fact, who can forget when each year the ABC gets its lather going by remembering this “incident” with their rose coloured glasses firmly planted on the face.

From the political point of view, the one thing that is overlooked by the Australian lame stream media is that the people did speak, and give their view at the ballot box. Gough Whitlam was defeated in the election that followed the sacking by the Governor General. Malcolm Fraser had formed a caretaker government until the ballot could be held, and “we the people” spoke, with a resounding landslide victory against Gough Whitlam and his government.What the ABC and cronies do not tell however, is that in some areas of Australia the news was not greeted with anger, but with joy. In fact when I heard the news I was “dancing in the streets”, happy in the knowledge that Whitlam had been sacked and was no longer causing havoc as far as the Australian economy was concerned. Most of my neighbours were equally happy with the news, and so despite what the Australian lame stream media continues to portray about these events, there is another untold side to the story on the sacking of the Whitlam Government. We did get rid of the closest thing we had to a Marxist takeover in Australia since the second world war.

Even though we managed to get rid of Gough Whitlam, it would seem that people soon forget the kind of devastation that comes from these Marxist policies. Also, younger people who have had no knowledge of what really took place are on the voting rolls. They only have the version of events as depicted by the Australian lame stream media. They are unaware of what in fact took place, and why it was that the majority of the voters kicked Whitlam out. As a result, we find ourselves in a similar predicament today. Kevin Rudd seems to be intent upon having a reputation as a big spender that is far worse than that of Gough Whitlam. He has spent unnecessarily on a “stimulus”, providing money for pork projects and schemes that are both foolish and wasteful. (these projects include the insulation debacle, as well as the solar panel debacle that is still brewing and about to blow up). Under Malcolm Fraser, Bob Hawke, Paul Keating and John Howard Australia had prospered. Yes we had some hard times, especially in the 1980s, but with the introduction of the GST the Australian budget went into surplus – then the Rudd Government was elected and the surplus very quickly disappeared due to the wasteful policies that have been implemented.

From the analytical point of view there is much study to be done. One of the things that marked the Whitlam years, and also the Fraser years (a lag effect) was stagflation. We had high unemployment, high interest rates and high inflation. The stagflation was prolonged (which explains why it affected the Fraser years) which meant that it took Australia a long time to recover from the excesses of the Whitlam government. Some of the measures taken by the Fraser government and then again by the Hawke-Keating governments were painful at the time. We had very high interest rates. During that period we could get a high interest yielding term deposit account for something like 17% p.a.  It also meant that the mortgage interest rates were high. By 1986 we saw interest rates reaching more than 19% p.a. which was extremely painful for new homeowners (we purchased our first home just before the interest rates rose steeply but after the period where some homeowners had their interest rates frozen, so yes we got hit by the high interest rates).

For the first time since the failure of the Whitlam Government Australia has a government that could be described as Marxist. This time the policy pursuits include the attempt to foist cap n tax (or crap and tax) upon us. The thing is that initiating legislation that will set up hedge funds for the selling of greenhouse licenses is going to do zip for pollution. On top of that AGW has already been proven as a fraudulent theory, but Rudd will not give in and let it go.

During the Whitlam years Australia had its battle over healthcare legislation and health insurance takeover. You could say that the doctors did have a minor win on the subject because a complete takeover did not happen. However, what we have is in my view disgusting. We do not need government determining how much can be paid to doctors for their fees. The artificial fee that is imposed actually makes it more expensive to see a doctor or get a medical service than if the government had no say in the subject. It really is a joke, and yes the out of pocket expenses are quite high, especially when the government refuses to recognize a procedure such as the thin prep which is better than the Pap smear for detecting cancer.

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2 Responses

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  1. sosUSA said, on April 1, 2010 at 6:23 am

    Déjà vu ‘all over again’ that’s for sure 🙂 American conservatives could use this as inspiration, albeit a different constitutional system and a smaller population, but the proven dynamics of socialist corruption, hubris, excess and inevitable nemesis have a fairly predictable pattern. The left-leaning media in Oz still couldn’t influence or hide the fact that the Australian people then voted the bastards out officially — in a landslide!

  2. ozzieaussie said, on April 2, 2010 at 8:06 am

    Yes, I know, it was a mighty landslide. There was no mistake about the decision of the people at all. I know how I voted on the December day… and it was not to keep Whitlam in power. The man was a disgrace. He was a bully boy, and had too much ego and too much bluff.

    They would have to agree to the changes at a Constitutional Convention, and at this time that convention could be very dangerous.

    I agree that the pattern is predictable. It seems to take the form of white anting. I observe this with the ongoing situation relating to health funds. The ALP wants the health funds to disappear. They are desperate with their desire to introduce a single payer system. We have managed to resist them since the 1970s and yet they continue with the white anting.

    I am waiting for them to make another attempt to control the banks. So far they have not been successful in creating any other crisis – not even a housing market crisis.

    Wayne Swan is the worst treasurer ever. He is absolutely hopeless in that role. He knows nothing about economics. It has taken me a long time to give credit to Paul Keating who is also without degrees etc. but Keating managed to grasp the subject of economics, and he was doing his best… which cannot be said for Swan. I do know that Bob Hawke was qualified in the field of economics and even though I did not like his politics, I certainly did not feel unsafe with him in the helm. However, with Rudd and Swan it is a different story. It is just like having Gough Whitlam in charge again… only worse because KRudd is more extreme in his politics especially since he has embraced the Communist Green anthems.


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