Stimulus Payment FAQ

**abaddonxi** · 7th February 2009, 09:57 PM

Interesting article in SMH by Ross Gittins -
Stimulus is Three T's and sympathy

I think he describes the whys of a stimulus package rather well.

Simon

mike 90 RR · 7th February 2009, 10:38 PM

Originally Posted by p38arover

It seems to me that we are buying a lot of food from overseas and farmers/orchardists are shutting up shop. When we shop we deliberately look for Australian products. Once upon a time, Woolworths used to mark the shelves with a map of Australia for Australian-made products. They no longer do so and this really annoys me.

I can't say I'm happy with cotton farming and the massive water usage that ensues.

Re infrastructure projects, one problem with any large infrastructure program are the very long lead times to fully research and plan.

The only reason for the fruit & vege imports is because of the Policies of the 2 Food stores in OZ .... Coles & Woolies

It's not that our local producers are too expensive ... It's because The big 2 make more from imports .... for their profit

These 2 don't give a stuff about Australia .... Just have a look in the store and notice how many "Home brands" have replaced the "regular brands" ... It is so bad now that I do not shop at the "Big 2" .... I believe that if they could get away with it .. They would stock only "Home Brands", and I believe that their agender is to send all "Known Brands" to the wall

This will give them the monopoly that they so desperately seek

I now shop at a "independent grocery store" that only stocks "Regular brands"

So if you want to do "Your bit" .... Shop at the local fruit & veg shop ... The Local butcher ... The local hardware ... The independent grocery store ... as these are your community members

The rest are just share holders from cyberspace that have screw all to do with your community

Rudd recons a $1000 will stimulate and save your community ... Add your $$ that you already have to spend on food & such .. & spend this at your local stores /// Cause giving it to the "Majors" is like giving it to overseas

Sorry for the rant // But it just bugs me

**slug_burner** · 8th February 2009, 02:02 PM

Infrastucture spending is great and has long lasting benefits for the community. The problem is that it takes a while to get them going and we need to stop the recession from happening now not in a couple of years.

By giving the money to the lower income earners you are asurred that they will inject it back into the economy straight away. The low income earners do not have a great history of saving and are sure to spend it whether it be due to lack of a culture of saving for something in the future or simply because they are having trouble making ends meet. While most see the cost of the imported plasma as the having all the money go to China or wherever they are made; there is also the commission for the sales person, their wage which comes out of the store operating costs, the profit to the store owner/shareholder, the whole logistics associatted with getting the plasma to the shop, delivery driver, wharehouse operators, warf workers and import/export agents, shipping company etc. The costs of a plasma are made up of many components over half of which will be costs incurred in country. So even the purchase of a plasma tv contributes to the economy as we need to keep the truckies, warfies and sales people off the dole and they in turn will spend as they still have jobs. Money goes round and round.

It would have been great if we already had some nation building projects in place contributing to the economy; but we have not been real big on spending Peter Costello's and John Howard's nest egg. Then again it maybe just as well otherwise we would not have something in the bank to stimulate the economy with.

Unfortunately the economy is predomanately governed by human activity and confidence and is extremely difficult to predict. Economists have a great ability to explain what has happened in the past, 20-20 hindsight is great. The use of history is one of our best ways to predict the future but with 6.5 billion variables contributing to the problem I know that I could not do any better job of predicting what is going to happen.

I know one thing, I am greatful that I live in Australia where we are in a better position than many to see out this current crisis.

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