- pensioners for a month
- low income families with children for a month
- the home building industry for 1-2 years
- real estate agents
- property developers
- a limited amount of kids fighting for training places, although by the time they're trained no one will want apprentices
- The Chinese, by increasing sales of toys and imported goods. Also nails, and items used extensively in the building industry
- The banks, because helping the banks "remain in business" is translated by the Federal Government to mean "helping the banks make billions of dollars in profit". It also seems to mean that the banks need to be able to afford to buy other banks. (CBA & Bankwest, Westpac & St George). Apparently reducing choice increases competitiveness.
- Kevin Rudd, Swannie and the team - because now no one can accuse them of doing nothing
The $10.4 billion will NOT help the following groups:
- people with jobs and no kids, or whose kids have grown up
- people currently unemployed
- people in casual positions who were hoping to get stable employment next year
- renters
- self funded retirees (unless they've got a house up for sale)
- anyone likely to be affected by global warming (to be more explicit - everyone)
- the long term prospect for the building industry
- people who aren't shareholders in banks
- people with debt who are making their payments
- people with debt who are not making their payments on a long term basis
- people who have bought and lost a house in the past and now want to get back into the market
- exporters
- everyone receiving the one-off cash bonus. Once they've spent it on Christmas presents and paid off some old bills they'll be in exactly the same situation they are in now
- kids in schools, training and university
- anyone who buys a new home due to the home buyers grant. These people will move to the outer suburbs where there is no work or public transport and are about to find out what spending 3 hours a day in the car feels like.
- the long term future of the economy
- The Federal Opposition because the government keeps stealing all their ideas - even the awful ones
$10.4 billion and no official word on what it will do for the economy. That really is a lot of money that may have been spent for no real benefit. Aren't there other ways the Government could have helped out the economy and the people who need more?
I refer you again to the Southern Cross Climate Coalition.
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