Government Stimulus package.

[Liverpool]

Livers - instead of getting your facts from right wing leaning newspapers - go and see what they are spending there Federal Government Grant on at your children's school - you maybe surprised.

I don't have kids (none that I know of or admit to anyways :hihi ) however in the industry I work, lets say that I do know a few of the local schools are getting work done and extensions.
So not disagreeing with you.
But why not use the "stimulus money" for even more infrastructure, considering I am pretty sure it was your good self who condemned Australia's infrastructure (or lack of) under the Howard regime.

While you seem happy with the stimulus package now and your business has had success with this very short-sighted view....what will happen in 6 months time when the stimulus is all gone (either spent by the 'spenders' or still under the mattress of the 'savers')?
What will happen when these people lose their job as all predictions point to a massive rise in unemployment?
What will your business do then??

The mirage of the stimulus package will be a distant memory and will be chastised as a waste of taxpayers money by an irresponsible government hell-bent on populist politics and not for the long-term future of this country.

And I'm afraid Remote...it is people like you who have fallen for this short-sighted illusion.

 

[RemoteTiger]

While you seem happy with the stimulus package now and your business has had success with this very short-sighted view....what will happen in 6 months time when the stimulus is all gone (either spent by the 'spenders' or still under the mattress of the 'savers')?
What will happen when these people lose their job as all predictions point to a massive rise in unemployment?
What will your business do then??

The mirage of the stimulus package will be a distant memory and will be chastised as a waste of taxpayers money by an irresponsible government hell-bent on populist politics and not for the long-term future of this country.

And I'm afraid Remote...it is people like you who have fallen for this short-sighted illusion.

Livers - the stimulas money will keep going around and around in our economy - the revenue I get in my shops is in part used for Staff Wages and my other creditors who in turn pay their staff wages - my staff and their staff then go and buy from other businesses who pay their staff wages and other creditors from that revenue and so the cycle keeps going and going and going.

Further - if people pay off their debt now with the stimulas then the money they earn in future which had been ear-marked to pay off that debt becomes free to spend on something else or saved.

Personal saved money allows banks more funds to lend more money for businesses or mortgages which inturn employs more people and the cycle continues.

E.G. I am about to take a loan from the bank for my businesses to re-fit one of my shops - its a significant 6 figure sum of money - the project managment company the shop fitting company the plumbers and sparkies are all going to gain revenue from my project - they will pay wages and the flow of money cycle will commence again.

It is not a short sighted illusion - it will soften the fall of the retail sector through this financial crisis and hopefully carry it until the world economies turn the corner and begin to show growth.

Yes there will be more lay-offs - yes there will be more small businesses fold - yes the unemployment rate will increase (some are saying 7% others are saying 10% - either way it means there are 93% or 90% employed who will be contributing to the money cycle) Further - interest rates are at an all time low inflation has become deflation - these are hard times but we as a country have been through much harder and survived - remember the the early 60's and the late 80's interest rates extremely high, inflation surging and unemployment hitting double figures - yet we came out the other end of those economic nightmare tunnels better equiped to take on the rest of the world. And we will do it again.

I am trying to talk my wife into exploring another business opportunity - green industry - from what I am reading, seeing and hearing from very knowledgeable people this is the new growth sector of the early part of this century - there must be opportunities out there for clever investment - there must be opportunities out there for job re-direction. Workers will have to find new skills but that is nothing new either - history shows us the advent of the railways and the motor vehicle forced a skill change in the workforce many years ago - e.g.how many coopers do you personally know now? Yet in my fathers time they were ubiquitous.

Whilst change can cause pain it does also create opportunity - be light on your feet there is plenty of opportunity coming our way over the next decade or so until we retire.

Lets just hope the RFC powerbrokers can latch onto some of this opportunity and take us to a premiership..............

 

[Panthera tigris FC]

e.g.how many coopers do you personally know now? Yet in my fathers time they were ubiquitous.

I personally am well acquainted with the only Coopers worth knowing....especially the Pale Ale. Still ubiquitous in my fridge. ;D

Sorry. Couldn't help myself. :-\

 

[Liverpool]

\But why not use the "stimulus money" for even more infrastructure, considering I am pretty sure it was your good self who condemned Australia's infrastructure (or lack of) under the Howard regime.

There goes your stimulus package:

Melbourne water prices tipped to rise 60pc
http://www.abc.net.au/news/stories/2009/04/21/2548422.htm?section=business

Now this is what I was on about......note the line in the story:

Today the Essential Services Commission has made its recommendation in a draft response to their claims.
It says prices should rise by between 48 and 60 per cent over the next four years.
The commission's chair Dr Ron Ben-David says the companies need to lift their prices to fund infrastructure projects, but the regulator has been able to reduce their proposals

So that was and still is my question.....instead of handing out $900 presents and then getting them back by prices rises on utilities under the guise of needing revenure to fund infrastructure projects....why not just use the stimulus , money to fund the projects to begin with?

Then again.....bit hard to get populist votes in the next election by being straight forward I guess... :

 

[geoffryprettyboy]

It's tipped that a 3rd stimulus package could be rolled out.

I had an idea on how to roll out the current stimlus package to have ensured that it was spent in the correct manner. Whoever is entitled to have the money would go out and spend the money getting a reciept and taking it to their local post office where they would produce it and be reimbursed. This idea would eliminate it being funelled into mortgages, credit card repayments, gambled etc. This idea would have the opportunity to produce short term employment at post offices so with the demand of customers would give people the opportunity of part time work. I would have given a window of opportunity to purchase and receive the cash, say a 6-12 month period, more than enough time to get people to spend it and stimulate the economy in the short term. Those that miss out then bad luck.

The only negative aspect of this idea I could think of would be big queues and frustrated people but it would certainly ensure it would be spent correctly.

Apologies if this idea has already been mentoned on this thread.

Oh and one more thing before I forget, thank the Liberal Party that this country has money, next time the Labour Party get booted out this country will be in massive deficit.

 

[Liverpool]

It's tipped that a 3rd stimulus package could be rolled out.
I had an idea on how to roll out the current stimlus package to have ensured that it was spent in the correct manner. Whoever is entitled to have the money would go out and spend the money getting a reciept and taking it to their local post office where they would produce it and be reimbursed. This idea would eliminate it being funelled into mortgages, credit card repayments, gambled etc. This idea would have the opportunity to produce short term employment at post offices so with the demand of customers would give people the opportunity of part time work. I would have given a window of opportunity to purchase and receive the cash, say a 6-12 month period, more than enough time to get people to spend it and stimulate the economy in the short term. Those that miss out then bad luck.

I think this idea is a better one than what is happening at the moment, thats for sure.

Oh and one more thing before I forget, thank the Liberal Party that this country has money, next time the Labour Party get booted out this country will be in massive deficit.

It wouldn't be for the first time mate!

 

[RemoteTiger]

Oh and one more thing before I forget, thank the Liberal Party that this country has money, next time the Labour Party get booted out this country will be in massive deficit.

The Labor Party have always been good at spending other people's money!

The Liberal Party only ever spend it on their own!

 

[Play Centre]

I haven't got mine yet but I will be spending it at a local business to get new tyres on my car.

All of you who are against it will be sending it back, won't you?

 

[mld]

Oh and one more thing before I forget, thank the Liberal Party mining boom that this country has money, because of the GFC next time the Labour Party get booted out this country will be in massive deficit.

Fixed.

 

[Liverpool]

I haven't got mine yet but I will be spending it at a local business to get new tyres on my car.

All of you who are against it will be sending it back, won't you?

We'll all be sending it back through his taxes and other rip-offs anyways. :spin

 

[Play Centre]

We'll all be sending it back through his taxes and other rip-offs anyways. :spin

I thought that those who were so virulently opposed to it would refuse to accept it?

 

[Disco08]

 

[Liverpool]

I thought that those who were so virulently opposed to it would refuse to accept it?

What....and be short myself?
You're dreaming!

Scenario 1:
I refuse the $900 and the Chairman taxes me and uses means tests, etc on things.
Means I using MY money to give to him.

Scenario 2:
I take the $900 and the Chairman taxes me and uses means tests, etc on things.
Means I use the money he gave me to give to him back.

The Chairman's stimulus package is simply an Indian-giving exercise to sweeten the voters out there when he bangs everyone on the head with the sledgehammer budget and the eternal deficit this country now faces.

Surely you see that? or? ???

 

[geoffryprettyboy]

Up to date, Labor Party have spent every single cent the mining boom had made during the Howard years. This is another example of Krudd's financial mismanagement.

Let's get the facts right.

 

[Willo]

I thought that those who were so virulently opposed to it would refuse to accept it?

I was virulently opposed to accepting it. And refused it.fortunately my wife had no such qualms and promptly spent it 8)

 

[Play Centre]

What....and be short myself?
You're dreaming!

Nope, wide awake!

So this means that either, a. You are part of the problem, or b. You're a hypocrite.

 

[Liverpool]

Nope, wide awake!
So this means that either, a. You are part of the problem, or b. You're a hypocrite.

A hypocrite to accept money from the Government and then get forced to hand it back to them via taxes and other 'fees'?
I don't think so.

In this case, I would have thought the Government were the hypocrites for giving a 'gift' and then slugging me to get it back (and some). :-\

The $900 was simply a populist vote-getting exercise to sweeten things before the budget that pretty much says we are *smile* for the next generation.

"Economic conservative" my arse :spin :cutelaugh and you want to say I am the hypocrite and/or part of the problem.

No...the problem is fools like yourself voting knuckleheads like the Chairman and his Comrades in to begin with!

Kevin07 = *smile* 2009-2050

 

[Disco08]

How do you know who he/she voted for?

 

[Play Centre]

It's a really simple concept. It doesn't need to be diverted by arguments about taxes and fees and charges and who I may have voted for.

If you are so stridently opposed to the stimulus package money you simply should not accept it.

If you accept it, then it's hypocrisy to rail against it on a public forum like this.

 

[Disco08]

Livers is the undisputed champion of diverting simple concepts into meaningless argument.