The bailout in 2007/08 in response to the gfc was to mainly send many low and middle income aussie a few thousand, in combination with a bit of a patriotic 'help australia, spend it here' kinda message.
Yes it's welfare and can cause inflation. But it's at least bottom up, and the funds are then spent on local businesses, on the products and companies actually providing people with a service that aussies are choosing.
If you must do a stimulus, this is far better than what America did, taking and printing money from those middle classers and giving it to banks and a few shitty union/dem infested auto companies, and also inflating the money supply. Not even just placing an order for billions in cars, actually just giving them billions as a 'loan' which is then effectively forgiven.
So I rate Australia's response 15 years ago as 'slightly retarded', not pants on head retarded like the US.
15 years straight record of being pants on head retarded then.
That was Labor still pretending to give a fuck about the “average Joe”…
Then Krudd the narc exposed his true leanings with the “apology”, and we’ve been spiralling ever since…
The Abbott years were vaguely sane, even if people here behaved like he was Trump. And then Turnbull happened, and… Frankly it’s like we’ve been in a simulation since that time, it’s so ludicrous…
Morrison and Albanese have both been so fucking terrible I honestly can’t believe that they are actually anything more than puppets at best…
Like fuck, they couldn’t string two brain cells together if they tried…
Then throw in literal Communist Chalmers as the Treasurer, and psychos like Bowen for Energy and “Climate Change”..?
The bailout in 2007/08 in response to the gfc was to mainly send many low and middle income aussie a few thousand, in combination with a bit of a patriotic 'help australia, spend it here' kinda message.
Yes it's welfare and can cause inflation. But it's at least bottom up, and the funds are then spent on local businesses, on the products and companies actually providing people with a service that aussies are choosing.
If you must do a stimulus, this is far better than what America did, taking and printing money from those middle classers and giving it to banks and a few shitty union/dem infested auto companies, and also inflating the money supply. Not even just placing an order for billions in cars, actually just giving them billions as a 'loan' which is then effectively forgiven.
So I rate Australia's response 15 years ago as 'slightly retarded', not pants on head retarded like the US.
15 years straight record of being pants on head retarded then.
That was Labor still pretending to give a fuck about the “average Joe”…
Then Krudd the narc exposed his true leanings with the “apology”, and we’ve been spiralling ever since…
The Abbott years were vaguely sane, even if people here behaved like he was Trump. And then Turnbull happened, and… Frankly it’s like we’ve been in a simulation since that time, it’s so ludicrous…
Morrison and Albanese have both been so fucking terrible I honestly can’t believe that they are actually anything more than puppets at best…
Like fuck, they couldn’t string two brain cells together if they tried…
Then throw in literal Communist Chalmers as the Treasurer, and psychos like Bowen for Energy and “Climate Change”..?
We are so fucked, lol…