Another one bits the dust...

[Electric]

I knew this was coming but seeing all this stuff for sale makes the realisation hit home, another Australian manufacturing business lost overseas. Even more Australian jobs lost overseas.

http://www.evansclarke.com.au/tender...Npage2ECN.html

I am not particularly fond of politicians of any persuasion but it seems to me that over the past 10 years the incumbent coalition govt has sold us short. How many local manufacturing businesses are gone, how many local companies have changed to foreign ownership?

I remember when I was working in the US when the FTA was being negotiated and on the evening news they showed a US congressman making a speech that went along the lines of “This is the most pro-US FTA I have ever seen and we would be stupid not to sign it”.

So we have no local manufacturing base, a few FTA’s and we export only raw resource’s like uranium, iron ore and LPG (for ½ cent per litre).

As for the environment …on the news today I hear that whilst other countries are increasing subsidies to alternative energy’s such as grid connect solar for domestic and commercial users (up to about $25k in California), the Australian govt has announced they intend to scrap the already tiny subsidy scheme we have here at the end of the year (maximum of $4k).

Are we living for today with no concern for the future, are we leaving much of a country for our kids?

Or is it just the political system with 4 year terms does not encourage long term based planning and descision making?