Another Australian Handout
Written on Feb 2, 09 5:29 pm | Musings/Thoughts 10 comments
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+my favs | tags: recssion handouts stupidity
So here I am sitting on the couch watching the news after hearing about some big package the government is handing out. You know what, this package isn't doing shit for our future, sure it is giving a huge amount of people $950 dollars. The whole point of this is for these people to then buy something and pump the money back into the economy. Do you really think this will happen though? In short it won't, the Australian people are going to pay off debt or save it. Only true idiots such as the people who put together this package will buy a new TV. People are scared of losing their jobs and they will do everything in their power to save money in case this occurs.
What Kevin Rudd and his experts need to do is admit that the economy is screwed and plan for the best way out. We need to build up infrastructure to provide more jobs for more people. We need to build up the education system with new teachers and better materials. This way more educated people will be pumped into society helping push Australia into a teriary economy. We need to stop refining materials into product and instead rely on services as our main aspect of the economy. Countries such as Sweden that have this level of economy are not suffering as badly. We need to get a top-notch education system to push us into this section of economy. If we cannot the financial crisis will affect us for far longer and leave us in a much damage to deal with.
In all *bleep* you Kevin Rudd. You need to admit we are heading towards recession and prepare for the damage that is coming. This will allow Australia to rough out the tough times and come out with a group of graduates ready to boost our economy more than a $950 dollar handout.
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Melbourne, Australia 
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By the way you cannot say Howard would of done better. We don't know what he would have done, so don't say that. Tbh, I hate both of them.
This also lets the government look good in other people's eyes. "Oh how thoughtful they're giving us money!!" A lot of people aren't educated enough to realize that it's their own tax dollars coming back at them! It's like you're paying yourself.
Even if only 80% of the people spend their $950, the government will make back nearly 30% back in taxes with their handout. The government isn't losing, because it shouldn't have been their money in the first place! It's a vicious cycle.
I hear Obama might be doing something similar or at least kicking around the idea. If that happens my money will be going towards paying down debt and trying to become a bit more liquid.......and maybe a PS3 game.
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