How Does Half The Surplus Spent Feel
The Labor Government's naive attempt to stimulate world economic malaise from an Australian retail spend-a-thon is soon to be judged as an outstanding success or as profligate waste of an opportunity to create a long-term boost to infrastructure, said Senator Barnaby Joyce, the Leader of The Nationals in the Senate.
Today we have Government ministers behaving like spruikers at a bargain basement sale, exhorting recipients of $8.7 billion of payments to spend. They’ve got the boot full of vacuum cleaners and they are ready to sell, sell, sell. Instead of long-term employment on infrastructure projects we will have imported plasma TVs ... Consumer spending in Australia is a miniscule stimulation of other economies that actually produce the products that we buy,” he said ... Instead of a future asset to sell we will have an increase in the social disaster of certain vulnerable households exacerbating current social problems with the arrival of, not so much a solution, but a multiple-thousand-dollar problem. Instead of a long-term increase in pension payments we have a package that has plucked an amount out of thin air that squandered those funds for a long-term solution. >> more
Source: Barnaby Joyce