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sydney alternative media - non-profit community independent trustworthy
Sunday, 7 December 2008
Sunday political talkies: Party season prelude to recession for real
Mood:  chatty
Topic: aust govt


 Picture: Refer Inside Business below.

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 (tba)


10 Meet the Press:  8- 8-30 am

No show.

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


Riley Diary 7, from 8.30am


Footage of wind up of Parliament. Stuck to satire about Batman and Robin and Catwoman regarding dep treasurer Julie Bishop. Omitted the meltdown Thursday night in the Senate with split in the Coalition., as per front page of The Australian this weekend.


Emphasises feel good over Christmas good wishes by MPs


Riley Diary clashes with Laurie Oakes on 9 with Barnaby Joyce doing a forensic Q & A on this last point. Winds up


8.50am union advert runs.



9 Sunday newshour Laurie Oakes interview 8.40 am


Ross Greenwood gives wrap economic downturn in USA very serious.

Forensic Q & A of Nationals leader in Senate Barnaby Joyce as per front page of The Australian yesterday. Backed into a corner with LO suggesting BJ is calling Andrew Robb a “liar”. Disagrees or retracts, rather not correct.


Concerns infrastructure fund for regional Australia. No doubt with ascendant ALP there is structural pressure on redneck Nationals.


Speculative question of Joyce moving to lower seat of Maranoa. Not on the cards he says. Hypothetical. 


Has been chatting with Malcolm Turnbull yesterday in Oxford St near St Vincents.  Strongly believes in Senate as review while lower house is follow the leader. Not dissenting against anyone, sticking to constitutional functions of Senate.


Confirms was offered a front bench position by Malcolm Turnbull in coffee shop discussion yesterday. [Deliberately public tactic by Liberal leader to sideline The Oz front page story.]




Insiders 2: 9- 10am


Great intro into wacky last week. Thrills and spills “emblematic of last weeks of the past 20 years”.


Grattan story today Milne comments re Barnaby Joyce going onto front bench, maybe downstairs.


Panel includes Annabel Crabb (Fairfax heir apparent to Alan Ramsey), Malcolm Farr, Glenn Milne (latter two News Corp fairly moderate).


Paul Kelly soliloquy, all about jobs jobs jobs in 2009 given bad economic news. Policy cracks like deposit guarantee, emissions trading scheme, partial deregulation of labour market. Formidable Rudd Gillard, Turnbull looks good, challenge is his own side.


Everyperson humorous segment with 40 year olds all over the place politically.


Rudd preferred PM 69 to 14 v Gillard, who beats Mal Turnbull or close.


Praise for Harry Jenkins as speaker.  Reg in Talking Pictures showing fantastic one liners straight man delivery.


Matt Price political moments with Nelson revealing the inner freak as usual. Show signs off for the year.


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

Inside Business – 2 at 10am


Excessive greed, excess and  bad regulation. But what caused the GFC in fact, asks Alan Kohler.


Hamish Douglass Magellan Financial Group – collapse of Lehman Brothers  caused banking across the globe to meltdown in this way: 3 days later oldest commercial paper fund held $800M of Lehman’s Bros written down to $1. Dominos fell across the world after that requiring security for $5 trillion in commercial paper. [Didn’t quite get this is the real explanation. This is a must watch by video or whatever down the track.]


Alan Oster, chief economist National Australia Bank, negative GDP for Dec quarter.


Kohler says difference this time, will govt pump priming work? Oster – not in major economies. They are gone. Australia mild downturn. AK – interest rates globally? AO – yes all going to zero.


HD – mining 7.5 to 10% of our revenue, but China is not the only destination either.  Hedge funds, insurance industry, banks.


Alan Kohler talking point – historic, frightening year gone. 2009 will be in recession and don’t listen to the politicians. Lehmann Brothers caused the dominoes to fall. Unemployment is the last indicator, sharemarket is the first.



Refer http://www.abc.net.au/insidebusiness/


Posted by editor at 11:20 AM EADT

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