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sydney alternative media - non-profit community independent trustworthy
Sunday, 5 October 2008
Sunday political talkies: Federal Govt 'can't speculate' on anything financial anymore
Mood:  chatty
Topic: aust govt

Author’s general introductory note


This is not a well packaged story. It’s a contemporaneous traverse of the Sunday television free to air political talkies indicating the agenda of Establishment interests: Better to know ones rivals and allies  in Big Politics and Big Media.


For actual transcripts and/or video feeds go to the programme web sites quoted including Riley Diary on 7. And note transcripts don’t really give you the image content value.


Media backgrounders


Peter Fitzsimmons reckons Julie Gillard is 'hot'.


Full page booze adverts are back in the news big time.


Festival of the boot part 2 later today.


OJ goes down, The Juice on A- peal.


Karry Ann Walsh nails the problem today in “A greed constituency”.


10 Meet the Press:  8- 8-30 am


Deb Knight as compere. GFC – global financial crisis. Press roundup as usual – Henson moral panic story for using children as artistic fodder. Australia should take Tuvalu population [and their TV domain name? Could be good economics.]


Wayne Swan as Treasurer on the low rater as the talent. Shows the Govt serious or reaching? Name dropping US undersecretary of Treasury ….whoever.  GFC – package absolutely essential re bad debts.


“Can’t speculate ….”about share market, or reserve bank. Big question of banks not passing on full reduction in interest rates in future.  [Shows banks under some pressure.]


Outtake Russel Crowe getting applause for bad maths on socialist give away for USA on late night live. [tried to divide 700B by 300M, how do you do it? What is 1 billion in US terms 1000,000,000? Or $100,000,000


Panel Jessica Irving smh, and Mal Farr. MF question. “Can’t speculate on May budget ….” Both sharp tools in the shed.


Can’t confirm 18 weeks parental leave. [There’s a scratch in the record dear Eliza, dear Eliza!]


Animation out take is a cracker – got and opposition of rich people for  rich people by rich people. That’s our democracy.


2nd guest. Academic prof Steve Keen. Exponential debt levels here in Australia over the last 40 years. This guy is so so so good. Our own debt bubble.


GFC bail out package was a wrong move. Competition as economic vitamin C. Problem is too much competition. MF – what think of $20B infrastructure splurge. Keynsian rather than neo classical. Helps balance sheet but ignores debt. Last year 260 billion debt. Demand is going to fall just like ‘America’.



Meet The Press - Watch Political Video Online - Channel TEN.



Riley Diary 7, 8.35 am


Very clever comparison of the GFC and Australia as the fishing trawler heading into the perfect storm of movie of the same name. Rainfall overlay on Mal Turnbull metaphor on multiple interviews that going to get wet but not sink. The more they say it the more scared we all get and distrustful.


Chats after the tape - Riley in cream suit looks interesting. Reserve bank this Tues.





9 Sunday newshour Laurie Oakes interview 8.40 am


Intro News re GFC, and other stuff. OJ goes down.


Clashes directly with Riley Diary for first 5 minutes.


Julia Gillard is the talent as deputy PM. GFC is the topic. Moves onto banks passing on rate cut or not and then infrastructure good investments that also stimulate the economy.







Insiders 2: 9- 10am


GFC intro with Jim Middleton, namesake on panel with Meglogenis and Henderson looking more like Akerman in profile (?).


Bipartisan support ignoring the Keen analysis on MTP.


Cross to Roland in Washington. Delay re Bush authority. Gone in 4 months, quacking noises getting louder.


Meglo press notes Milne story no rate cut pass through in full. Prestige vehicles on slide. Henderson tub thumps on talent scouting for child models moral panic.


Peter Costello is the talent. Interesting choice given Sydney rounds discussing his book.

Agrees with Swan and Rudd will be okay. Australia should continue to grow. Own role doing a bit with the World Bank. Yes changed financially.


Costello lists some tough question for govt on banks – “highly profitable”. Should be passed on in full. Presents as breezy and insightful sabbatical style break from Treasurer, front bencher jobs as we blogged earlier this week after Seymour Centre talk with the perfumed steamroller Jana Wendt.


Soliliquy by Chris Uhlmann as federal political reporter about impact of the GFC to affect climate change approach of the USA next year?. Grab comparison Wayne Swan last month and this month about not passing on the full rate cut.


Panel discusses banking. Henderson argues private confidential conversations with banks and govt. [Fascist hierarchy?] Grab about Turnbull opportunism capacity for banks to pass on full cut.


Panel chat. Henderson tries an apologia for GW Bush – pathetic stuff really.


Talking pictures – Patrick Cook and Mike Bowers who are both now freelancers ex Bulletin, ex Fairfax smh.


Predictions at the wind up, Henderson gives a advertorial for “excellent” Costello memoir.


Home page is http://www.abc.net.au/insiders/



Posted by editor at 11:51 AM NZT

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