The problem with the current Feds is that they believe their own optimistic Can do capitalism get Govt out of our lives BS. The Feds have been responsible for the borders for the last 122 years, and dispite the 2015 Bio Sec Act that they themselves wrote, they did not have any preparations for a pandemic. When it hit, they completely ignored their own Bio Sec Act. ie, refusal to staff/manage/build the quarantine facilities. Why because over the last 30 years they have reduced taxes to win elections and reduced the public service to fit the election winning strategies.
The Feds were told by many experts in the field to order many different types of vaccines, and do it early. Similar to the aircraft we needed for the 2019/20 bush fires. The Govt refused to hold a hose let alone listen to the early requests for more aircraft. The Feds themselves told us how important RATs would be....and ordered none.....and now have the hide to say it was the TGAs fault for not approving them in time. Well, allocate more resources to the TGA and in the national interest provide what ever assistance is required to help Australia companies through the TGA approval process. The Fed Industry minister on Insiders in August 2020 said it would take 9 to 12 months to get mRNA vaccine manufacturing going....and promptly did nothing to make it happen. I would expect a Conservative Government to take risk reduction approach to making decisions, such as lets do xyz just in case everything goes pear shape. But they did the complete opposite. Took Australia to a trillion in debt with relatively zero investment on creating a soveriegn production capacity of mRNA Vaccines or RATs. Instead the Feds write off the January 2022 deaths with comments that a heap of them in Aged Care were going to die anyway so lets look forward through the windscreen instead.
Sorry for the rant....but I am angry they have stuffed up so many parts of our country. They get a 2 out of 10. They made a couple of good decisions, but most of their decisions have been terrible.
Do not rely IDT or any other Australian company benefiting from anything that the current Feds say or promise.
IDT Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
