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PM's $4bn deal to save 50,000 jobs

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Hello

You pesky tax payers and following generations are now shareholders in the commercial realestate bubble .....


Thankyou


Rudd the Dudd.
 
numbercruncher said:
Hello

You pesky tax payers and following generations are now shareholders in the commercial realestate bubble .....


Thankyou


Rudd the Dudd.
Click to expand...

Yes an unfortuantely it was the mindless majority who voted him in.
Think I will leave for UK or USA, at least their recession is in full swing, as opposed to the one that is about to decimate this country.


KRudd waht a dud. lol
 
What planet is this joker on? "The Government will not sit idly by and watch these jobs and small- and medium-size businesses be wiped out by fluctuations in global credit markets," he said.

Does he honestly believe this is country is so separate from the worlds woes that a meazly 4 bn will solve the problem?

What a complete dufuss. Just playing for brownie points again. Where is that annoying smile of his now?

Krudd the dud.
 
knocker said:
Yes an unfortuantely it was the mindless majority who voted him in.
Think I will leave for UK or USA, at least their recession is in full swing, as opposed to the one that is about to decimate this country.


KRudd waht a dud. lol
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Yes I suspect the Banana republic will lose masses of people of working age .... The collapsing Banana dollar will make this plan very worthwhile i would guess ...
 
"It will focus on completed and partly-completed shopping centres, office buildings and industrial property projects which have secured pre-commitments"

Just what we need more shopping centres. lol

Ignore all the empty ones that already exist. Go KRuddy go
 
knocker said:
Think I will leave for UK or USA, at least their recession is in full swing, as opposed to the one that is about to decimate this country.
Click to expand...

Good luck then - See ya! Airport is thataway ---------->

Cheers,

Beej
 
Beej said:
Good luck then - See ya! Airport is thataway ---------->

Cheers,

Beej
Click to expand...

lol your welcome to your so called never ending property boom. I'll return after the **** has hit the fan to clean up on all those wantabes such as yourself. lol
 

I can't believe this rubbish All that is going to happen is that the developers will keep their funding to stay alive, and keep their fat execs nicely paid up.. but the very workers Rudd says jobs will be saved will be the ones shown the door on the sly rather than one big dump, as demand for any of these developments disappears. Who is buying commercial and retail office space as the economy is contracting? Less of them, that is for sure..

How many billions does the gumbyment have anyhow? Seem to be handing them out like lollies at the moment. Soon the jar will be empty. Then what?
 
just delay the problem..doesnt really matter anyway it will comes sooner or later, goverment can put in a few billion here and there but the Property loan book is in Trillion so just pocket change to make him look good.

keep delay the problem is good ....when residential RE index goes on the market in 2 years watch it get smash from 4 sides of the world...now those speculators in RE know what it means to be highly leverage
 
Gfresh, come on man, you know that Rudd the dud must spend all that money that was in the jar when he took over, Labor always go out of power when the jar is empty, its the same with the local governments.
 
What the hell are people complaining about now? At least it's infrastructure! Thank your stars he isn't sending that 4bn out in Centrelink payments this time, at least we'll get something out of it in the end here.

It may not be schools, hospitals, and roads - but at least when this mess is all over we'll have a whole bunch of new offices, and shopping malls.
 

Well in ten years time when that happens they will be dilapidated and over run by squatters and vandals. lol
 
knocker said:
Well in ten years time when that happens they will be dilapidated and over run by squatters and vandals. lol
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Pointless comment.

Why are people so upset about this? It's a meagre 4 billion dollars, I don't get it

Are you all just very foolish people with giant losses, now looking for a scape goat? : ... or proactively jumping on the bandwagon a touch too late?
 

Because i am a taxpayer and like to see money spent well, like the endless dole cues that will be comming to store near you lol
 
knocker said:
Because i am a taxpayer and like to see money spent well, like the endless dole cues that will be comming to store near you lol
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Cues? Why would the dole need to communicate to ... oh, do you mean queues?

Well, from what I gather from your extensive knowledge of grammar, and spelling - I'm going to guess that you're not a very substantial taxpayer, and that your "losses" from this expenditure will be quite minimal

Your continual negativity seems to support my theory, about you either facing hefty losses - or substantial amounts of stress. Either way, I am sorry; but these are not excuses to post pointless dribble.

P.S. Please learn to spell.
 
would a deal like this include Leighton holdings u think or more like Westfield?
 
Well I'm a taxpayer to - I've paid a LOT of tax over 20 years in the workforce and in business - probably a lot more than many here. Yet, strangely, I am not so upset either by this proposal.

Reading the article, it states that only projects that already have a significant existing financing stake via one of the big four get this, and only if they are otherwise deemed viable by all but any foreign financiers that are going to pull their money for reasons that have nothing directly to do with the project or the local situation here in Oz. The government get's a large amount of money back through the tax the workers and businesses will continue to pay anyway, and given the alternative is for the government to have to fund them all on the dole, really the risk is probably about the same whether they do this all leave it all to go bust. Except that the former approach is socially more responsible as it keeps people in jobs and as others have said ensures that infrastructure of value is still completed, instead of seeing all the money already spent just wasted.

PS: On this and some other threads many posters seem to exude the attitude that all the ordinary folk out there (who are just trying to work for a living and provide for their families as best they can), are somehow at fault and complicit or to blame for the whole global financial crisis that we are currently trying to deal with. As if somehow because people decided to get a credit card, or didn't save what you consider to be enough money, and instead bought a car or a house or something, that therefore they deserve to lose their jobs, house, be bankrupted, have their kids futures ruined etc etc. It really comes across as big chip on some peoples shoulders and that they are very bitter about something....

Bottom line - the government trying to save jobs is a GOOD thing - if you disagree with something that is being done, how about you suggest what you would do instead? And saying just let them all lose their jobs and go on the dole because they deserve it won't cut it. What would you do? What SHOULD be done by the government??

Cheers.

Beej
 
knocker said:
Because i am a taxpayer and like to see money spent well, like the endless dole cues that will be comming to store near you lol
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Knocker staying in front of the curve to support the banks is paramount key to this is to buy time for the coming level of bad loans.

Any thing to buy time is paramount, it all starts and ends with banks that remain solvent.

Will the actions of the Gov work or not we don't know I defy anyone who thinks they do.

The other choice is to follow the US, UK and Europe (behind the curve) and just wait for the banks to blowup then spend zillions buying them. What they are currently doing is a big experiment its never been done before.

The unintended consequences will come and we only get to find out when they do not before unfortunately.
 
No problem with the concept. But how about building productive industry that will benefit the country in the long term rather than shopping centres and office blocks that we've already got plenty of?

Refineries and smelters to value add to the minerals we export now. Prices may be down, but aluminium will always be worth far more than the bauxite it's made from.

All sorts of other productive industries that actually produce something of value that we can sell overseas. Built with effectively free labour (we're going to pay them anyway...) it's virtually guaranteed to be profitable.

Roads, rail, ports, power etc to support the above.

Water infrastructure. I don't think anyone could argue about the need for that. Lots of things that could be done to help and they're all labour intensive to set up.

Broadband.

Renewable energy. Labour and interest costs are what makes it unviable compared to coal. But if we're handing out money to keep people employed anyway then we could build some very cheap power generation with that. Then use that to run exporting industry (an economic strategy that's worked in the past in various places (with either fossil or renewable energy)).

Shops and offices, things we'll be needing less of not more, seems an incredible waste compared to the alternatives.
 
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