Alan Greenspan’s admission that he was “partially” wrong to resist calls for more regulation that may have averted the financial crisis in the US shows why it’s important to change governments on a regular basis. Without the closet cleaning that goes on during the transition problems become exacerbated by being ignored. In the case of [...]
Concerned industry leaders believe that an information vacuum is creating unnecessary worry and the Rudd government should now reveal the information that informed their decision to announce a $10.4 billion economic stimulus package.
The failure of the government to release this information invites skepticism and suspicion about the real motives behind the package.
Headlines that ANZ economists expect the official cash rate to fall to 4.5% by the middle of next year should be welcome news to home owners.
With many real estate markets suffering from a glut of stock sharp reductions in interest rates together with a temporary doubling of grants available to first home buyers could be [...]
What is the government hiding. If they can spend $10.4 billion to rescue the country why can’t they level with us now and outline, at least in broad terms, how they came to the decisions and what impacts they see the package having on the economy.
I’m smelling obfuscation, deception, and incompetence. I hope I’m wrong.
Govt [...]
Rudd slams ‘obscene failures’ in banking system – ABC News (Australian Broadcasting Corporation)
Yesterday the Government also announced a $10.5 billion stimulus package to help Australia cope with the meltdown.
Mr Rudd says the package has come at the right time.
“As Prime Minister I will not sit idly by and watch Australian households suffer the worst effects [...]
Turnbull, Costello want release of Treasury advice – ABC News (Australian Broadcasting Corporation): “Opposition Leader Malcolm Turnbull and former treasurer Peter Costello have urged the Government to release the advice which led to the decision to spend nearly half the surplus on a $10.4 billion economic stimulus package.”
I’m with Turnbull on this issue. What is [...]
A second after finding out Australia is in economic hot water Prime Minister Kevin Rudd is taking steps to ensure the fires of industry are stoked under the Chinese economy. His goal? To make sure that China continues to buy Australian exports. Rather than looking for sustainable strategies for the creation of jobs in Australia [...]
