Geelong’s continued assistance from state, federal, and local govt

[faultydet 7,593]

5 hours ago, deebug said:

What the hell??

We can't even get $*&^ from any governmet, and they get as much as they want.

Why is the govenmet not helping all clubs?

There are no votes to be had from helping Melbourne Football Club find a home.

Putting huge amounts of cash into Geelong is a different story.

[Mickey 4,172]

While it won't be in the same ball park as what Geelong get, we won't be building or funding our new facilities by ourselves.

We'll probably be benefiting from a far chunk of Vic Gov money ourselves in the next 18-24 months.

[Return to Glory 7,682]

3 hours ago, Demon Disciple said:

Talk about getting a free ride. How much money have the Cats pilfered in total now to fund KP?

Whilst we will get a recommendation that Governments will support for our new home, but will get SFA funding for.

We need to get into Dan’s ear about how building our base will be good for jobs and his mates in the construction industry.

DD, I mentioned Geelong benefitting from being in a marginal seat a little while back. There was close on $30 million in 2003 of which the Govt contributed 13 of that. Then you've got the mysterious jobs that open up for family members at Cotton On. 

On a separate (not unrelated) note, a colleague's partner used to write the memos and posts for Judd to sign when he 'worked' at Visy. 

[Binmans PA 25,892]

4 hours ago, ignition. said:

More fiscal stimulus in the way of an unbacked dollar to "boost jobs and the economy". Watch the cost of living rise (inflation) as we all secretly pay for it.

Fiscal stimulus won't hit goods and services at all. The QE program that the RBA has been undertaking since March will mean the private sector shifts to riskier debt in the housing market as bonds dry up. The overnight interest rate has been 0.1% since March when their QE flooded the banks with reserves and drove the interest rate to the floor.

The BoEs QE program has done very little except increase housing prices slightly, because it's taking risk free money out of the fund manager's hands and the banks. 

Fiscal stimulus is needed otherwise we'll suffer the same result as the UK. Our housing market will crash next year anyway as our private debt burden grows too great (second highest in the world).

Fiscal stimulus and fiscal deficits create private sector surpluses. Without fiscal deficits or government spending, there is no private sector wealth creation. When that happens, the private sector has to turn to debt.

The fiscal stimulus can be poorly directed, but won't directly cause inflation. If the private sector can't save, it gets caught in a cycle of indebtedness that eventually causes stagnation and the system to buckle. We've been in this state for 25 years.

The RBA has also been buying up the debt of state and territory governments, and in effect is funding the states and has been since March. This allows the states to deficit spend when it doesn't suit the Federal Government to be seen to be doing this.

Keating started our demented obsession with surpluses and kicked off the neoliberal period, but before him both sides of politics understood the importance of fiscal deficits. Menzies ran large fiscal deficits and a full employment agenda (minus frictional unemployment). The neoliberal period has seen real wages flatline and private debt soar. This country is in the midst a paradigm shift and we're heading back to fiscal deficits. It'll be far better for the private sector and our country.

And we don't pay for any of this. Federal tax revenue is used to control inflation, discourage bads (alcohol and cigarettes) and encourage goods. The Federal Government spends first by crediting exchange settlement accounts at the RBA. Our GST revenue is filtered down and spent by the states though, but not by the Fed.

Edited November 7, 2020 by A F

[TRIGON 4,714]

7 hours ago, whatwhatsaywhat said:

it's handy to be in a marginal seat at state and federal level

This is no joke,

I was in a meeting with a Labour powerbroker a few years back. He apologised as he had to take a call from the  State Premier. The upshot of the call was that that funds were being allocated not to healthcare (as the powerbroker wanted) but instead to Kardinia Park redevelopment. The powerbroker challenged the Premier "How the F is that going to help the health of people in Geelong?", Premier's response "Mate, there's no votes in health".The powerbroker's response to that comment is unprintable.

[whatwhat say what 18,777]

2 hours ago, Mickey said:

While it won't be in the same ball park as what Geelong get, we won't be building or funding our new facilities by ourselves.

We'll probably be benefiting from a far chunk of Vic Gov money ourselves in the next 18-24 months.

about $210m over the last 15 years from various governments and other interested parties

[Binmans PA 25,892]

I said this in the other thread, but the Deputy leader of the Opposition is Richard Marles and he's the Member for Corio. He's a key Labor Right powerbroker. He pumps money into the club.

[Hogan2014 390]

The big clubs continue to get bigger .. state gvt assistance vs no home training base for the mfc until 2024... we are so far behind...

 

https://www.afl.com.au/news/523907/new-40m-boost-to-complete-gmhba-stadium-upgrade

[Pickett2Jackson 3,904]

Serious question  -  is the Victorian premier a Geelong supporter?

[deebug 1,754]

12 minutes ago, Pickett2Jackson said:

Serious question  -  is the Victorian premier a Geelong supporter?

Not sure, but when asked about who he thought would win this years GF, he did say the cats.

[Bimbo 890]

14 minutes ago, Pickett2Jackson said:

Serious question  -  is the Victorian premier a Geelong supporter?

Nothing so acceptable 

 

essendon

[daisycutter 28,452]

17 minutes ago, Pickett2Jackson said:

Serious question  -  is the Victorian premier a Geelong supporter?

nah, he's a whatever-it-takes fan

[Demonstone 19,050]

Whose money would Marles be pumping into Geelong, AF? 

[Rossco 34]

Only my third post after god knowns how many years membership and yes I was at the 64GF so give me a break

Bottom line more votes for Dan spending $40Mill down there than on our training facility.  Our geographic situation is a fact of life we have been dealing with for years.

We are not going to get any freebies from those that allocated funds based on political outcomes, that said Casey is a different ball game.

[Binmans PA 25,892]

16 minutes ago, demonstone said:

Whose money would Marles be pumping into Geelong, AF? 

Public money. Keystrokes at the RBA.

You don't have to be in power to get investment for your electorate.

[Pickett2Jackson 3,904]

22 minutes ago, Bimbo said:

Nothing so acceptable 

 

essendon

 

20 minutes ago, daisycutter said:

nah, he's a whatever-it-takes fan

 

Why am I not surprised...

[DeeSpencer 23,058]

We aren’t going to get anything based on location. Although if we use what is currently a car park we aren’t detracting from the Olympic park/Goschs’ area.

We have to make a case based on what the facility will do. Richmond have their Indigenous centre. Other clubs have promised use by paralympians. 
 

Ideally we need some sort of venture that both makes money - because we’ll be putting a stack of cash in to this - and is a good social cause. 

[Swooper1987 2,724]

1 hour ago, Pickett2Jackson said:

Serious question  -  is the Victorian premier a Geelong supporter?

He's a paid up member of Essendon. Our last significant state level political supporters came from the Bracks Government -  then Deputy Premier John Thwaites is a Demon, as is Bracks wife, Terry.Before that was Alan Stockdale, the treasurer in the Kennett Government.

Re Geelong - plenty more votes for both sides to be won in that part of the world, from both a state and federal perspective.

[bush demon 1,875]

Billy Snedden. 

[COOLX 138]

The Southern stand of the MCG is getting torn down next year . The new infrastructure is going to cost 70 million dollars. Also the 3000 new police will soon get will cost the state 200 million per year. Andrews is going to bankrupt this state.

[Pickett2Jackson 3,904]

And yet we cant even train on the MCG.

[Ron Burgundy 8,584]

Geelong apparently could’ve had a Guggenheim art gallery, but the Victorian Government wouldn’t agree to give them the requisite tax breaks.

That’s vision and leadership for you.

Bilbao was essentially an irrelevant and soulless industrial port in Spain prior to the Guggenheim setting up there. It’s now the third most visited city in Spain and is internationally relevant and well known.

I have no confidence in any of our leaders. They’re all incredibly basic.

 

Edited November 7, 2020 by Ron Burgundy

[Grr-owl 1,075]

Geelong would be perfect for a Gugg. Wow. First class Opportunity blown.

[Grr-owl 1,075]

8 hours ago, A F said:

Fiscal stimulus won't hit goods and services at all. The QE program that the RBA has been undertaking since March will mean the private sector shifts to riskier debt in the housing market as bonds dry up. The overnight interest rate has been 0.1% since March when their QE flooded the banks with reserves and drove the interest rate to the floor.

The BoEs QE program has done very little except increase housing prices slightly, because it's taking risk free money out of the fund manager's hands and the banks. 

Fiscal stimulus is needed otherwise we'll suffer the same result as the UK. Our housing market will crash next year anyway as our private debt burden grows too great (second highest in the world).

Fiscal stimulus and fiscal deficits create private sector surpluses. Without fiscal deficits or government spending, there is no private sector wealth creation. When that happens, the private sector has to turn to debt.

The fiscal stimulus can be poorly directed, but won't directly cause inflation. If the private sector can't save, it gets caught in a cycle of indebtedness that eventually causes stagnation and the system to buckle. We've been in this state for 25 years.

The RBA has also been buying up the debt of state and territory governments, and in effect is funding the states and has been since March. This allows the states to deficit spend when it doesn't suit the Federal Government to be seen to be doing this.

Keating started our demented obsession with surpluses and kicked off the neoliberal period, but before him both sides of politics understood the importance of fiscal deficits. Menzies ran large fiscal deficits and a full employment agenda (minus frictional unemployment). The neoliberal period has seen real wages flatline and private debt soar. This country is in the midst a paradigm shift and we're heading back to fiscal deficits. It'll be far better for the private sector and our country.

And we don't pay for any of this. Federal tax revenue is used to control inflation, discourage bads (alcohol and cigarettes) and encourage goods. The Federal Government spends first by crediting exchange settlement accounts at the RBA. Our GST revenue is filtered down and spent by the states though, but not by the Fed.

Think the neo-liberal era is coming to an end? Any thoughts on the size of that crash? 

[Binmans PA 25,892]

7 hours ago, Grr-owl said:

Think the neo-liberal era is coming to an end? Any thoughts on the size of that crash? 

The neoliberal EU is about to disintegrate. That was a construct created by the French Socialists. Will the Democrats realise who they're supposed to represent? Who knows, but if they don't they'll be voted out. The neoliberal period has been a disaster for wages and the earth we're living on. The golden age of capitalism saw a full employment agenda. That needs to return.

As for the size of the crash, the RBA are modelling a 50% contraction of the housing market and the big banks are putting aside billions to protect themselves against defaulted loans. Problem is it'll be nowhere near big enough. The Fed Gov will backstop them, but that will only prolong the problem. There's too much private debt.

I reckon there'll be an election in August to coincide with the Senate half elections. If the stimulus is lifted in March as predicted, there'll be mass defaults, on the eve of an election.

Edited November 7, 2020 by A F