Boys gone wild

[Aussiejeff]

"There is no evidence yet of funding problems caused by the withdrawal of foreign banks, but the Government decided to announce the commercial property proposal as a pre-emptive move.

Mr Rudd said the scheme would save up to 50,000 jobs in a sector where many of those employed were tradespeople, such as plumbers, electricians and carpenters.

But Opposition Leader Malcolm Turnbull argued that the scheme had nothing to do with protecting jobs and was about protecting the banks' balance sheets by propping up the value of commercial property loans.

The banks were clearly apprehensive at any suggestion the Government would over-emphasise the construction aspect of the scheme." ...

Having said that, I wonder what Malcolm would do with this policy that appears set to be entrenched, if he becomes PM at the next election?

 

[truevalue]

Having said that, I wonder what Malcolm would do with this policy that appears set to be entrenched, if he becomes PM at the next election?

According to the Property Council of Australia this fund will not get up without Coalition support.

Malcolm will get on board though.