Welcome!

This is the Journal of Farcical Exuberance. This blog was previously located here but has now moved to this site which is relatively more readily accessible to the general web-browsing population. As you may or may not know, the name of this site is a play on the Journal of Financial Economics, regarded as a top tier international finance journal. The purpose and motivation of this blog is simple; to speak out against the incongruities occurring in the world of politics and financial economics.


It is inconceivable that in this day and age, the youth of today (leaders of tomorrow) have little say in issues that will affect them, and their children, in the future. There are few forums for their opinions to be heard, and if they are heard, little importance is attached to it. This generation, Generation Y or the Millennial Generation, will be the generation that bears the failures of governments today to address pressing issues such as climate change, renewable energy sources or financial regulatory framework. 

We are fortunate to live in a country with universal suffrage, yet the politicians who we elect are either incompetent or are more interested in pursuing their own self interests. Kevin Rudd is an example of both. The Australian reported:

"One of the biggest challenges Rudd faces is controlling his own ego. But if you believe you are always right maybe it doesn't present itself as a task that needs addressing. Rudd's treatment of the public service as shirkers because they are not as work-obsessed as he is and his gratuitous advice to our influential neighbouring countries on how to better run their regional affairs gives substance to this conclusion."

This sort of behaviour is typical of the ALP. Mr Rudd and his party have been abusing the systems of Parliamentary question time, by treating questions with arrogant disdain. Julia Gillard is a prime example, instead of answering legitimate concerns about the "Julia Gillard School Building Program", she has chosen to torture the Coalition about their decision to vote against the $14 billion school upgrades bill. The Government must be held accountable for its use of tax-payer funds. Questions pertaining to spending of tax-payer money to fund the demolishing of four classrooms, to build four more classrooms are legitimate and should be answered. 

More astonishing is the ALP's audacity to appoint Kim Beazley and Brendan Nelson for diplomatic ambassadors. Both men are former political foes of Mr Rudd, Mr Beazley a former leader of the ALP and Brendan Nelson a former Liberals leader. The appointment of Brendan Nelson appears to be a rare act of bipartisanship, but is also a sign of kRudd's absolute political supremacy. Only a Prime Minister who is confident of his own standing with the voting public could make such appointments. 

Let us not forget that the ALP hold government by only eight seats. Mr Rudd's famous Kevin07 slogans may have dazzled and won over the hearts of many young Australians. However, the author is most dazzled by the number of promises made by Mr Rudd and the failure to live up to these promises. Lower fuel prices was one such promise, and we all know how well Mr Rudd's proposed 'fuelwatch' scheme went. Broken promises, incompetence and arrogance do not go well together. 

Malcolm Turnbull summed it perfectly when he said, "Our vision of government is to enable and to empower, Labor's is to direct and command". Mr Rudd's 'Presidential' style of leadership and preoccupation with the micromanagement of government has left many voters wondering if they made the right decision in the previous elections. This blog, amongst other things, will be seeking to remind its readers of the short-comings of our Prime Minister and highlighting evidence pertaining to his arrogance, incompetence and his lack of vision for our nation.