well tell me which government doesn't waste money?
everyone comes with a mindset on where they wanted to waste money so simply government can't be blamed for poor performance of one stock. sure if economy was that bad then it would impact entire stock market not just one stock. Also, wastage of fund isn't good as ultimately it takes our money to somewhere else where it isn't needed but it happens under all type of government.
so while I agree in principal of what you said about wastage of money isn't good for economy in general but i don't buy crape twisted stories told by sky news in particular.
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