its a dud, page-13

the below post is my opinion;

you have a right to be disappointed Lakey.

From a long history of posting on HC it would appear that labor party staffers (or Fabian Society) likes to submitt posts.....and automatically thumbs down disliked posters despite any merit in the post - say on telstra purchasing a bank or nfc payment system.

I operate in many third world contries and I can say that the Australian labor party has acted no differently to the despots/dictators in a third world country on many fronts......the Australian brand is strong enough to have legitimised their bad behaviour to date.....but the country is loaded with soverreign risk whilst labor is in power.....if they remain in power then more and more private capital will move away from Australia and the fast growing federal labor debt will become a problem.....to think in 4 years we have gone from $70bn in surplus to almost $250bn in debt (25% GDP).....labor and greens are a disgrace and their policies show a total lack of understanding on how things work (at best) or are designed to be a smoke screen whilst they inadvertantly lower our standard of living as a consequence of meeting their ideological objectives (worst case scenario).

Telstra shareholders have been dealt a very bad hand by the labor government with the hactheting of Sol and McGauchie being foremost in my mind .....the future fund was supposed to be statutorily indepedent from the government. I could go on and on about competition policies etc etc. However, most interesting to me is the change in rhetoric by thodey and livingston...who have gone from saying they would not enter an agreement with the government unless it was value accretive to tls shareholders.....to now saying tls value was destroyed way back and we now believe this deal offers the best option for telstra shareholoders going forward........this assumes that telstra could not outcompete or bust the NBN (which I think is a poor assumption given how quickly australia's debt has grown and the fact that telstra has a strong balance sheet and the othr side of politics would prefer a more modest change to the telco network)......I belive Telstra lost value when Thodey and Livinston encouraged senator fielding to pass labors structural separation legislation through the parliament......after this event I think the deal was futher screwed down by the labor party because with the legislation enacted telstra faced a much more difficult choice......so from this point on I have gone from not liking telstra directors to thinking that they are totally inept or (worse) puppits of the labor party.

On the carbon tax that gillard needs to pay down government debt I have attached the link to a paper which writes that despite singificant carbon dioxide emmissions over the last decade global temperatures have been steady or going down......Australia should not lead the world with a carbon tax......it is all about tax not environment.

http://wattsupwiththat.com/2011/07/04/a-peer-reviewed-admission-that-global-surface-temperatures-did-not-rise-dr-david-whitehouse-on-the-pnas-paper-kaufmann-et-al-2011/

I hold telstra shares and now the company looks set to lose its utility status I hope that it buys a bank and enters the fast growing mobile wallet space......mobile telephone credit card. I don't believe telstra has a competitive advantage in cloud computing or media and they will be false starts for the company......I agree with Benson in that Deena Shiff is not the correct choice for technological innovation and venture capital for start up businesses.....I think a whiz from the United States tech industry would be a good start.

Disclaimer; the above post is my opinion and is not to be used for making any decisions. The above post has been submitted for entertainment purposes only.