sack stevens and the rba board, page-26

Hello Everyone,

This present problem comes from the inept system of using Interest Rates to try and haul in Retail spending which will continue to be high while we have Tax Cuts,Migration,Interest Free Terms for Two and Three Years, Baby Bonus and needed Spending on Home Repairs after the recent Storms and Floods etc..
Years ago S.R.D.s(Statuaory Reserve Deposits)were required to be lodged with the Reserve Bank by the Banks and then along came Keating AND Howard who Deregulated the Banks and said there was no furthur need for S.R.D.s.
The adjustable S.R.D.s were also used to control Retail Spending and if necessary to Bail a Bank out of trouble.
Where are we now, Mountains of Debt and with various Governments frightened to see the error of their ways of having removed S.R.D.s.
Glen Stevens seems very much an Incresing Interest Rates Person like Allan Greenspan was in the U.S.A. and look what is happening there, therefore Mr Glen Stevens should be Sacked after all he increased Interest Rates before Wayne Swan has produced his First Budget.
Come on, think about it, and the additional fact he has not waited for a possible better Retail Spending suation to show after the last Christmas Retail Spending Cycle.
He's 'out of touch' and should be Sacked!

A very concerned ,

moly