Second stimulus package discussion

[imagineer]

pitty he didnt spend $100b on Gold since that is the only thing that has been going up and that would have helped the miners.
What woulod happen if Australia became the only currency rebacked by gold ????
just imagineering.
Buy silver
Neil

 

[investorpaul]

Im still not sure how to view this one, on one front I'm pleased because:
1. I get $950
2. I think it is of significant size to actually have an impact
3. The gov is actually doing something

On the other front I'm disappointed because:
1. Its 3 months too late.
2.It needs to be implemented well to be effective and I have doubts over that.
3. Although we need to go into deficit to fund it, I am concerned about the labour governments ability to pull us out of deficit once market conditions improve.

 

[Largesse]

youth allowance recieving student who earnt under 80k in FY0808

=


2 x $950???


yes?

prawn get in here and plz confirm

 

[prawn_86]

prawn get in here and plz confirm

LOL, yes as far as we can tell so far. If it gets supported through the senate etc.

YA is paid through centrelink, so that will be in March, earnings one is paid through ATO so that will be in April

 

[cuttlefish]

I can't comprehend the whole thing at all. The country has gone completely mad when we decide that roof insulation is the most productive thing we can spend $4 billion on. And I will never understand how giving out cash handouts is going to help the situation. The sensible people will save it - that won't add anything to productivity, the idiots will spend it on booze/gambling (I fall into the latter category ). Neither of these activities will do anything whatsoever to stimulate any kind of productivity that I can see.

I'm glad that the opposition is planning to block it - its a complete farce imo.

Spending on education is worthwhile in my view and long overdue.

It would also be good to see some spending on health, with strong encouragement for Australian businesses to provide innovative health and health services solutions - this is an area where we could develop smart products for export and we have at least some track record as a nation in innovative health solutions.

And general infrastructure is also not going to go astray. Instead of just putting cash in pockets - get people doing a bit of extra work to build some infrastructure that will enhance productivity and efficiency. This will provide extra work that will allow people to productively earn more cash which they can then spend on flat screen TV's, booze or home loan payments and at the same time create real efficiencies.

And if you're going to spend $4 billion in one hit on productive infrastructure - surely some kind of tendering/works program/application process is the best way to divvy it out - get councils, individuals, businesses to put forward ideas for productive use of the funds and push it out there that way.

You'll be able to buy more with a bag of cowrie shells than you will with roll of AUD banknotes at this rate. The lunatics really have taken over the asylum.

 

[cuttlefish]

Rudd has no vision - this is an uninspiring hodge podge of hastily slapped together initiatives.

But geez you'd be happy if you were a manufacturer of insulation batts wouldn't you!

 

[Boggo]

Crown Casino (CWN) seems to be expecting some increased revenue, share price moving along.

 

[investorpaul]

Rudd has no vision - this is an uninspiring hodge podge of hastily slapped together initiatives.

But geez you'd be happy if you were a manufacturer of insulation batts wouldn't you!

there is going to be alot of dodgie installers who ride this wave and then disappear

 

[knocker]

Judging by the calibre of responses here, everyone, bar me, is on the rock'n'roll.

All I can say to you dole bludgers is getting a life.

 

[knocker]

pitty he didnt spend $100b on Gold since that is the only thing that has been going up and that would have helped the miners.
What woulod happen if Australia became the only currency rebacked by gold ????
just imagineering.
Buy silver
Neil

Well indirectly he has via our esteemed premier up there in QLD, the name says it all lol

 

[prawn_86]

Judging by the calibre of responses here, everyone, bar me, is on the rock'n'roll.

All I can say to you dole bludgers is getting a life.

So is anyone earning under 100k a bludger in your books?

 

[Aussiejeff]

Wonder what changes the Libs will force KRudd & Co. to make to the package before they give the green light?

 

[prawn_86]

The only thing i dont get with they way these handouts are strutured is the fact that, if we do spend it as Krudd wants us to, then essentially we are giving our taxes to company profits?

Consumption based economies dont makes sense to me

 

[Prospector]

Judging by the calibre of responses here, everyone, bar me, is on the rock'n'roll.

All I can say to you dole bludgers is getting a life.

Well, if you say you have read this thread and think everyone here is a dole bludger, then I hope you invest any money you receive in a literacy course in English. Your response is really scary. I also hate the rock'n roll kind of writing, really trashy. Maybe it explains everything really.

 

[MrBurns]

The market doesnt seem to like the package , perhaps it did for an hour or so then realised it's BS, perhaps he should put one out weekly ?

 

[inrodwetrust]

Wonder what changes the Libs will force KRudd & Co. to make to the package before they give the green light?

Well I hope they keep the insulation option in, cause I'm in danger of getting my stop loss hit on CSR(100% owns Bradford insulation)....and loosing my $950 before I even get it!..

Of all the rotten luck Mr Turnbull announces their blockage plans mins after I bought! Why didn't he say it before the market opened! B#@^* y... neo-con-liberal-capaitalist should have known better!

 

[Nyden]

Well I hope they keep the insulation option in, cause I'm in danger of getting my stop loss hit on CSR(100% owns Bradford insulation)....and loosing my $950 before I even get it!..

Of all the rotten luck Mr Turnbull announces their blockage plans mins after I bought! Why didn't he say it before the market opened! B#@^* y... neo-con-liberal-capaitalist should have known better!

Why not just be happy with the 950; why try to profit from it as well? :

Well, I certainly hope this thing gets passed - only because I have an interest in it this time! In all honesty, do people earning 100k+ really need, or care about $950? We students could do anything with it, such as buying a new laptop!

... or save it all, as I intend to : Turnbull, you're standing in the way of my money, move aside, or else!

 

[Mofra]

Consumption based economies dont makes sense to me

It's the inverse of Reaganomics - he's hoping for a trickle up effect.

What I don't understand is - he hope to create 90,000 with the package, yet is spending $466,667 per job created with this new package.

Why not just create 90,000 backbenchers? The salary is just over a quarter of the cost, you'd support a 2nd or 3rd staffer each on allowances, prop up the airlines (travel) and retail property sector (they'd all need offices) and Canberra's population would swell, effectively relocating people from urban centres with struggling transport infrastructures (state capital cities) into the urban centre with the best transport infrastructure.

Win/win/win I say

 

[prawn_86]

Very interesting point Mofra. Also the people employing these supposed 90000 still have to pay them a salary, so its even more that its costing

 

[Smurf1976]

But geez you'd be happy if you were a manufacturer of insulation batts wouldn't you!

That depends on how quickly it's implemented. In the meantime, business will have already fallen off a cliff - nobody's going to pay now for something they're about to get free.