Whyalla Steel Bailout

[mchughcb]

Australia needs steel. It is a strategic industry. But does it need a $2B Federal government bailout of Mr Gupta failed enterprise?

[Wapiti]

Governments talk all the time about supporting industries here that employ Australians, supply essential construction and building products and take us out of the volatile and unreliable international supply markets.
Even the most blithering idiot can remember the Covid era, when governments put restrictions on international shipping because of their knee-jerk, blind following of the corrupt WHO. Everyone then saw how important it really is to be absolutely self-sufficient. Although I'm convinced that a lot of the easily led low IQ voting plebs believed every ounce of the bullsh*t being fed them.

Although it could have been avoided and is fundamentally wrong, yes, I support the use of government money to turn around the blind greed that has seen our essential manufacturing industries go overseas, mainly to China for cheap, low-quality garbage.
And if you don't know what garbage these imported products are, then you obviously haven't had to turn them into manufacturing equipment like I have.

Sack a few 10,000 public servants hired to oversee some of the pathetic woke vote grabbing corruption and fund the reinvigorating of Australian manufacturing.
Elect a PM like Donald Trump who sets tariffs to minimise the cheap, dangerous import cr@p and start demand for local products again. Some short term pain will see a swell of home-grown products and jobs, and see this country start moving forward.

Even this bullsh*t dribbling from Albanese's mouth about subsidising apprentices here in the building/construction game (10K carrot) to try to make up for his criminal vote-grab importation of parasitic immigration policies... There's absolutely no plan where these new apprentices will work, who they'll work for, how the mythical businesses that are apparently going to be able to support them, and where the hell the building materials are going to come from at prices that Australian people can afford.
Australia posesses ALL the essential minerals and means to turn them into ALL the products we need, including coal for virtually zero-emission power and uranium for NO emission power to make anything we want here 24hrs a day.

"Made in Australia" - Labor's lie about bringing back a productive, prosperous Australia where everyone can afford a decent house and we use our incredibly skilled people to make a world-beating country - it's all lip service by incompetents with no experience other that rear-ending and backstabbing each other in political party gatherings.
Their evil decisions to follow this Net Zero lie are the reasons these industries are finally toppling over. It was the insanity of supporting overseas countries and their cheap imports that started this rot. Stop giving our money for rugby league teams overseas and military aid for corrupt regimes and net-zero memberships and spend it on fixing their messes instead.

[stihl88]

I think at a minimum the government needs to set policy to prevent China from dumping their crap steel onto our shores following the Trump tarrifs.

[on_one_wheel]

Hopefully we recover our billions from the billionaire who ran it into the ground.

[Wapiti]

The green hydrogen dream is a despicable myth, was never going to power a steelworks or anything else for that matter. And again, the sickening scum pushing Net Zero have all they need now to prove they alone are single-handedly ruining every industry they touch.
If anyone still hasn't the cognitive ability to understand this, maybe look at it on a more ground roots level. We are so sick of hearing about, and trying to repair, the low-income and elderly suffering catastrophic health problems, including untimely death, because they cannot afford to run fans or air-conditioners in summer, or heating of ANY sort in winter.
Whilst some whinge about the cost of reloading consumables, do any of you realise how many of the people who made this country what the parasitic middle-eastern immigrants now enjoy, are sitting in homes where the power has been disconnected by the suppliers?
Imagine trying to run a steel mill, or aluminium smelter, or any other industry benefiting Aussie workers? This is sick. And people are still confused that no matter who is up for election out there, and will vote for the Labor clusterf***.

[mchughcb]

Hopefully we recover our billions from the billionaire who ran it into the ground.

I don't think his jet is tracked and the wheels never touch the ground.

[on_one_wheel]

Hopefully we recover our billions from the billionaire who ran it into the ground.

I don't think his jet is tracked and the wheels never touch the ground.

I bet his office chair converted to a rocket at the push of a button and he blasted off in a cloud of smoke, he's probably landed on one of his own tropical islands to be fanned with palm leaves and fed peeled grapes.

[Oldbloke]

Hopefully we recover our billions from the billionaire who ran it into the ground.

Your a fukn mind reader.

[mchughcb]

The green hydrogen dream is a despicable myth, was never going to power a steelworks or anything else for that matter. And again, the sickening scum pushing Net Zero have all they need now to prove they alone are single-handedly ruining every industry they touch.
If anyone still hasn't the cognitive ability to understand this, maybe look at it on a more ground roots level. We are so sick of hearing about, and trying to repair, the low-income and elderly suffering catastrophic health problems, including untimely death, because they cannot afford to run fans or air-conditioners in summer, or heating of ANY sort in winter.
Whilst some whinge about the cost of reloading consumables, do any of you realise how many of the people who made this country what the parasitic middle-eastern immigrants now enjoy, are sitting in homes where the power has been disconnected by the suppliers?
Imagine trying to run a steel mill, or aluminium smelter, or any other industry benefiting Aussie workers? This is sick. And people are still confused that no matter who is up for election out there, and will vote for the Labor clusterf***.

Sadly it is. I was traveling through western Vict on Saturday and there were km of windfarms. Basically a government subsidy and eyesore.Power bills have gone up not down.

Listen to the wise words of this sage talking to millenials, menopausal women and a dwarf - your typical ABC panel and a cure for low blood pressure.

https://youtu.be/d7j2YtoseZI

[Billo]

Australia needs steel. It is a strategic industry. But does it need a $2B Federal government bailout of Mr Gupta failed enterprise?

Initial payment is basically a years wage for all workers

Whether the plant can utilise Green energy is just a pipe dream going by recent events with gas the most likely outcome.

If a buyer can be found then that would be a bonus....

The LNP would have done the same as Labor

[fussy]

We need a strategic steel industry.

We also need strategic fuel supplies HERE, not on paper, held in USA. The idea that we can ship fuel here past a Chinese blockade is fanciful. Witness the U-boat blockade of WW2.

[Wapiti]

Point is, when are we going to support Australian manufacturing to start up again, rather than just dribble politically about it?

Government has destroyed business's ability to afford to operate in a number of ways.
I have come to realise that it is more about incompetence and blind faith in this ridiculous social experiment.

If it's serious (which it isn't, it's only interested in appeasing the idiotic voters and overseas interests) it will give businesses what they need.
But people keep electing morons who have never run a chook raffle, let alone a corner shop.

[on_one_wheel]

And who in their right mind would want to do business here, between the government and unions, they've done a great job at making business in Australia very unattractive.

They announced "Future Made in Australia Act" almost 12 months ago but it appears talking about it has achieved nothing.
Perhaps they're just going to throw billions at failing Australian businesses

[mchughcb]

Last time I checked SA has the most expensive electrical power in the western world. You at manufacturing then power needs to be cheap.

[Oldbloke]

Last time I checked SA has the most expensive electrical power in the western world. You at manufacturing then power needs to be cheap.

Often large industry gets subsidies. Sooo, we will never know what it costs them.

[on_one_wheel]

I remember when the SA government sold ETSA
(Electricity Trust of SA)
It was going to create competition in the energy market which in turn would bring down prices.
Like ETSA was out to make huge profits for shareholders
The best part, the government would maintain ownership of the infrastructure... the bits and pieces that can't generate an income.
Great move

[Oldbloke]

I remember when the SA government sold ETSA
(Electricity Trust of SA)
It was going to create competition in the energy market which in turn would bring down prices.
Like ETSA was out to make huge profits for shareholders
The best part, the government would maintain ownership of the infrastructure... the bits and pieces that can't generate an income.
Great move

"In the lead up to the 1997 state election, the incumbent Olsen Liberal government pledged not to privatise ETSA. However, after being re-elected, the government proceeded with privatisation plans citing the dire financial situation, with new information such as a warning from the State Auditor General and the introduction of the Australian National Electricity Market."

Well, you know who to blame.

https://en.m.wikipedia.org/wiki/Electri ... _Australia

LNP, the "sell off the family silver" experts .

[Valdash]

I reckon there needs to be a really thorough investigation and a solid plan for how the money will be used before any bailout is considered. Otherwise, it could just be throwing good money after bad.

[on_one_wheel]

I reckon there needs to be a really thorough investigation and a solid plan for how the money will be used before any bailout is considered. Otherwise, it could just be throwing good money after bad.

Like the money Gillard threw at Holden without any stipulations, the money ended up going to the parent company GMC who were also struggling at the time.

[Bugman]

I reckon there needs to be a really thorough investigation and a solid plan for how the money will be used before any bailout is considered. Otherwise, it could just be throwing good money after bad.

Like the money Gillard threw at Holden without any stipulations, the money ended up going to the parent company GMC who were also struggling at the time.

Yep. It is the Aussie steel worker and their job future that are the priority, in my book, and the money generated must stay here.

[straightshooter]

Well, you know who to blame.

https://en.m.wikipedia.org/wiki/Electri ... _Australia

LNP, the "sell off the family silver" experts .

Really
I seem to recall the privatisation rush went into high gear with Hawke / Keating.
That period seems to also coincide with the trend for retiring politicians rapidly becoming unusually wealthy or landing extremely high paying jobs.
Any partisan example that gets thrown up will inevitably be a case of the pot calling the kettle black.

[Oldbloke]

Well, you know who to blame.

https://en.m.wikipedia.org/wiki/Electri ... _Australia

LNP, the "sell off the family silver" experts .

Really
I seem to recall the privatisation rush went into high gear with Hawke / Keating.
That period seems to also coincide with the trend for retiring politicians rapidly becoming unusually wealthy or landing extremely high paying jobs.
Any partisan example that gets thrown up will inevitably be a case of the pot calling the kettle black.

Yes, they have both done it. Don't recall what Keating sold off.

Jeff Kennett was perhaps the busiest salesman. Still to this day hated by many.
https://en.m.wikipedia.org/wiki/Jeff_Kennett