Chinese investment in Cubbie Station is a win / win for China and for Australian jobs. Trade with China is essential to Australia’s wealth and financial health. There are safeguards in place to meet stringent national interest tests, and the Cubbie Station purchase ticked all the boxes. Barnaby Joyce’s objections are based on nationalism, but Australia is not an inward looking backwater. We’ll always need foreign investment. This $300 million injection from China and the jobs flow is a much needed boost to the area, the State of Queensland and the working families.
Julia Gillard makes a lot of grand statements she, or we, can't afford to fund. Again today she committed $6.5 billion spending to education reforms. She wants the States to pay 70% of the bill. The problem here is (a) the States know nothing about it (b) the States can't afford it because most States are still grappling with State Labor debts in the billions of dollars. Like Rudd, she doesn't consult yet makes bold announcements with no detail. She justified getting rid of Rudd for this very reason.