labor burns telstra shareholders., page-7

The below post is my opinion;

The liberal party will always be better for private endeavour than the labor-green parties.

The coalition had a superior broadband policy to Labor-greens. It was technology neutral and revolved around creating a competitve fibre backbone onto which other telcos could build using a variety of technologies. Diversity is strength and leads to innovation. Once again the coalition showed how they are the pragmatic party providing an affordable network that would lead to real competition and ultimately give telstra more power to use the legacy network for its own end.

I don't think the market thinks the 11 bill is much compensation for what analysts had penciled in as being worth 20 bill plus. So labor is once again ripping off the telstra shareholders - I wonder what veiled threats or union thuggery they used against the telstra execs?

You should read an article in Business Spectator by Andrew Harris (telstras heavy headache). I think this may explain why the shares are tanking.

Who would have bought telstra shares in a public float if they had known that less than 3 years after the final tranche labor was going to roll out a competing network? Not many I am guessing. The salt in the wound being that labor is using the telstra investors tax dollars to build a network that will undermine their investment. All so people can download movies and games faster. That $43 bill plus would be better spent on hospitals, roads, railways, ports, streetscapes, education and military.

What happened to Competition Policy and Competitive Neutrality - Google Competitive Neutrality policy and tell me why it doesn't apply in to TLS?

Labor's other brilliant ideas - carbon tax: doesn't matter that Australia is the biggest coal exporter in the world and at the moment it regularly brings in more foreign income than any other single export. Why wait for USA, Europe or China to lead the way? (sarcasm in case you haven't picked it up). Superclinics - perhaps the study doctors do is overrated - but I personally would sooner take my health issues to a GP. Mining tax - the policy does not consider the risk:reward ratio in this industry - or the states ownership of minerals and right to royalties. Asylum Seeker policy - need I say more - what a disaster.

You are right about labor floating the currency and abandoning tarrifs and trade barriers. The question is "why do you think that is a good thing?" It would only be good if the rest of the world was doing it also - and yes we should still have the Single Desk for wheat exports. We shouldn't drop our barriers if the trading partner doesn't drop theirs. Look at how China's low currency is reaking havoc on the American economy - I believe America would be in its right to put up trade barriers or inflate out of its debt despite China's huge holding of US treasuries.

Regarding coalition government debt you are refering to the Fraser/Howard period in the late 70's early 80's. Why was that so bad? That's right, the governor general called an election because the Whitlam government had run out of money and was trying to borrow off arabic despots etc!

Labor policies sound good and virtuous at the surface but pragmatic they never are. If you consider the WA INC period in WA plus other labor governments, you probably get closer to how this party works and what drives it.

Coalition: smaller government - smaller budgets - incremental changes - smallers risks - private capital happier to participate - lower unemployment - the party for the community and self empowerment.

Labor-greens: bigger government (that's why the 2 federal Canberra electorates have +60% labor vote - they can get on the gravy train at the rest of Australia's expense!) - higher spending -higher debt -more taxes - higher interest rates - social engineering.

I have not listed a sentiment as telstra is a political football. I have given broad background on why I believe Labors NBN policy is bad for telstra and Australia.

I voted labor once to try and convince myself I was a swinging voter - but alass never again. One term of kevin 07 was enough to cure me.

Disclaimer: the above post is my opinion and is not to be used for making any decisions. It is purely for entertainment purposes.