Stimulus package effects gone - Harvey Norman

[Nyden]

Should the success or failure of the stimulus package really be judged by the number of LCD's Gerry Harvey sells? Perhaps a better guage would be how many more pensioners were able to afford some decent meals for a month or 2.

As cold as it sounds, it's been marketed as a Stimulus package - not a Feed the poor package. Pensioners, and welfare recipients are facing an entirely different problem as to what this was apparently supposed to be dealing with.

 

[moXJO]

I went in to the local Harvey Norman over Christmas and it was dead quiet. However JB Hifi was packed full- so people have adjusted their spending habits round here.

I would have liked to have seen the money be used on infrastructure, health, schools or investment into advancing green technologies. At least it would have been more productive then half a million hangovers and a few shopping splurges. I'm not sure if tax cuts will stimulate the economy much at this stage of the cycle. People know there is a financial crisis; the PM is constantly bemoaning the fact. And doing his best to race us into a deficit.

While a deficit is not a bad thing, the manner in which we get there makes all the difference. And using the credit crunch as an excuse to throw OUR money around like water, and try any idea that seems plausible at the time needs to be addressed imo.

If anything business should be getting incentives to keep people in work. At least then we have a good flow of taxpayers instead of welfare recipients.

 

[MrBurns]

I went in to the local Harvey Norman over Christmas and it was dead quiet. However JB Hifi was packed full- so people have adjusted their spending habits round here.

I would have liked to have seen the money be used on infrastructure, health, schools or investment into advancing green technologies. At least it would have been more productive then half a million hangovers and a few shopping splurges. I'm not sure if tax cuts will stimulate the economy much at this stage of the cycle. People know there is a financial crisis; the PM is constantly bemoaning the fact. And doing his best to race us into a deficit.

While a deficit is not a bad thing, the manner in which we get there makes all the difference. And using the credit crunch as an excuse to throw OUR money around like water, and try any idea that seems plausible at the time needs to be addressed imo.

If anything business should be getting incentives to keep people in work. At least then we have a good flow of taxpayers instead of welfare recipients.

JB sell CD's etc low cost items and are a lot cheaper than HN in any case.

The rest of your post I agree with 100%

 

[Tekwrek]

Will the latest round of Stimulus solar panel cuts affect HN share price it seems that this guy is involved with everything.

 

[sptrawler]

Well worth resurecting this thread, could rename it "companies going down the gurgler despite the stimulus package" throwaway.
I hope the Colorado workers used the $1000 to buy a t.v and took advantage of the $21,000 first home buyers to build a house to put it in.
I feel sorry for them because this government won't have any sympathy.